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6 Stocks that will trade Ex-dividend this week; Check the details

The Indian benchmarks have started the second week of august in green. The S&P BSE settled at 58,853, up 465 points or 0.8 per cent. The Nifty50, on the other hand, gained 128 points, or 0.73 per cent, to close at 17,525.  Investing in dividend stocks exposes the investor to additional income in the form [...]

Defence stock jumps 7.85% and reaches new 52 week high before its Q1 results

The shares of Hindustan Aeronautics Ltd (HAL) surged 7.85% on Monday and surpassed their 52-week high of ₹ 2075 apiece that they touched on August 02, 2022. They reached a fresh 52-week high of ₹ 2174 apiece. The company’s shares surged by 74.60% in 2022 (year-to-date). This means that if an investor would have invested [...]

HPCL shares fall nearly 5% after disappointing June quarter earnings

Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Monday dropped nearly 5 per cent after the firm reported its highest-ever quarterly net loss of Rs 10,196.94 crore in the June quarter. The stock fell 4.65 per cent to end at Rs 239.05 apiece on the BSE. During the day, the stock declined 6.22 per cent [...]

LIC sells 2% stake in this large cap Auto Stock; Check the details here

State-owned Life Insurance Corporation of India (LIC) sold a 2.015% stake in India’s largest car manufacturer, Maruti Suzuki on Friday. According to an exchange filing, the LIC sold 60.88 lakh shares worth ₹ 5,400 crores in the open market. With this, its stake in the auto manufacturer reduced from 6.22% to 4.2%. Maruti Suzuki’s shares [...]

Paytm rises 5% and crosses Rs 800; Does it have more upside left?

With the rising markets, the shares of One 97 Communications Ltd (Paytm) have also risen by 5.3% till 11.30 am on Monday and were at Rs 826 levels. In the last five days, the stock has been volatile and has zoomed by approximately 10%. In the past month, the stock price has added 18%.  The [...]

Syrma SGS Technology Rs 840 cr IPO to open on Friday

Electronic manufacturing services firm Syrma SGS Technology on Monday said it will come out with its Rs 840-crore initial share sale on August 12, which will end two-and-a-half months of the gap in the initial public offering (IPO) market. The company has fixed a price band of Rs 209-220 per equity share for its IPO, [...]

Multibagger Tata Stock rallies 10% in 5 days to reach a new record high; Are you holding it?

Tata Elxsi Limited scaled new heights as its shares surged 3.46% on Monday’s early trades to reach a record high of ₹ 9631.00 apiece on the National Stock Exchange (NSE). The company’s share price increased by 9.94% in the past five days due to a strong growth outlook and its shares are currently trading at [...]

SBI shares fall over 3% after Q1 earnings

Shares of State Bank of India (SBI) on Monday fell over 3 per cent in the morning trade after it posted a 7 per cent decline in standalone net profit for the first quarter of the current financial year. The stock declined 3.13 per cent to Rs 514 on the BSE. At the NSE, it [...]

Mukesh Ambani draws nil salary for second year in row

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil". [...]

Earnings, global cues to set market trend this week: Analysts

Quarterly earnings and global developments would be the major factors driving equity markets in the holiday-shortened week ahead, analysts said. Foreign fund movement will also play a crucial role in deciding the trend, they added. Markets will remain closed on Tuesday for Muharram. "This week market will deal with the last batch of Q1 earnings [...]

PSU stock slips 3.8% after bonus issue announcement of 2:1

State-owned Bharat Electronics Limited (BEL) on Thursday announced a bonus issue of its equity shares in the ratio of 2:1. Eligible shareholders of BEL will receive two shares for every one share held by them. "The proposal to increase authorized share capital, alteration of the memorandum of association of the company, and the issue of [...]

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Tata Motors Q4 consolidated net loss at Rs 992.05 cr; total revenue from operations at Rs 7,585.34 cr: Company filing. PTI RKL ABM ABM

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Fincare Small Finance Bank refile draft IPO papers with Sebi

Fincare Small Finance Bank has refiled preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO). This fresh filing comes as the capital markets regulator's one-year approval given to the lender to launch an IPO expired last month. Under the rules, a firm gets one year to hit the primary market after [...]

Syrma SGS Technology Rs 840 cr IPO to open on Friday

Electronic manufacturing services firm Syrma SGS Technology on Monday said it will come out with its Rs 840-crore initial share sale on August 12, which will end two-and-a-half months of the gap in the initial public offering (IPO) market. The company has fixed a price band of Rs 209-220 per equity share for its IPO, [...]

28 cos secure Sebi clearance to float IPOs worth Rs 45,000 cr in FY23

Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator's clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of [...]

Utkarsh Small Finance Bank files fresh draft papers; cuts IPO size

Utkarsh Small Finance Bank has refiled preliminary papers with capital market regulator Sebi and reduced its initial public offering (IPO) size to Rs 500 crore from Rs 1,350 crore planned earlier. The company filed the paper afresh as the regulator's one-year approval given to the Varanasi-headquartered small finance bank (SFB) to launch IPO expired last [...]

Will think on IPOs of HDFC Sec, HDB Fin Services after merger with HDFC: HDFC MD

HDFC Bank will be looking at the public listing of its brokerage and non-bank finance company subsidiaries only after its merger with parent HDFC Ltd goes through, a top official said on Saturday. Answering shareholder queries at the 28th annual general meeting of the largest private sector lender, its chief executive and managing director Sashidhar [...]

Realty firm Signature Global files Rs 1,000 cr IPO papers with Sebi

Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore, according [...]

Top Editor’s Pick

Stocks to BUY: 3 Midcap Debt free to buy for long term

Industry experts say that mid-cap stocks are able to produce better returns because they are financially stable as compared to small-cap stocks and are quicker to act as compared to large-cap stocks. The amount of debt that a company has gives key insights into a company’s capital position. The debt-equity ratio is one such ratio [...]

Weekly Recap: Adani stock crosses ₹3 lakh crores Mcap, 5G spectrum auction and More!

Domestic equities started on a positive note on Monday. The thirty-share index (BSE Sensex) extended its gaining spree and was trading at 57,898.02 levels, up 0.58 per cent. On the other hand, the fifty-share index (NSE Nifty 50) was trading at 17,261.10 levels, up 0.61 per cent Among sectors, the auto index was up more [...]

Multibagger Ashish Kacholia chemical stock reaches 52 week high

The shares of Fineotex Chemical Ltd gained more than 8% in the early trading hours on Friday and reached their new 52-week high of Rs 252.90. Till afternoon, the stocks were trading at Rs 247.  A year ago the scrip was trading at Rs 115 a piece on NSE. From there it has scaled up [...]

Top Stock Picks: 5 Stocks to buy with huge upside potential

On Thursday, The Sensex was up 334.22 points or 0.57% and opened at 58,684.75, and the Nifty was up 91.60 points or 0.53% at 17,479.80.  Amid the rising markets, here are a few stocks recommended by top brokerages: Godrej Agrovet Ltd  Recommended by: Motilal Oswal  CMP: Rs 495 Target: Rs 670 Upside: 36% Rating: Buy  Dwarikesh Sugar Industries [...]

Stocks to Watch: 3 Midcap low PE stocks with an upside of up to 98%

As per the Industry experts, mid-caps are able to produce better returns because they are quicker to act than large caps and more financially stable than small caps.  An important metric used to analyze whether a stock is overvalued or undervalued is the Price-to-Earnings (PE) Ratio. It measures a stock's current share price relative to [...]
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Aug 8, 2022

Stocks to BUY: 3 Midcap Debt free to buy for long term

Editor's Pick, News

Industry experts say that mid-cap stocks are able to produce better returns because they are financially stable as compared to small-cap stocks and are quicker to act as compared to large-cap stocks. The amount of debt that a company has gives key insights into a company’s capital position. The debt-equity ratio is one such ratio [...]

Aug 8, 2022
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Aug 4, 2022

Top Stock Picks: 5 Stocks to buy with huge upside potential

Editor's Pick, News

On Thursday, The Sensex was up 334.22 points or 0.57% and opened at 58,684.75, and the Nifty was up 91.60 points or 0.53% at 17,479.80.  Amid the rising markets, here are a few stocks recommended by top brokerages: Godrej Agrovet Ltd  Recommended by: Motilal Oswal  CMP: Rs 495 Target: Rs 670 Upside: 36% Rating: Buy  Dwarikesh Sugar Industries [...]

Aug 4, 2022

Latest Market News

6 Stocks that will trade Ex-dividend this week; Check the details

The Indian benchmarks have started the second week of august in green. The S&P BSE settled at 58,853, up 465 points or 0.8 per cent. The Nifty50, on the other hand, gained 128 points, or 0.73 per cent, to close at 17,525.  Investing in dividend stocks exposes the investor to additional income in the form [...]

Power Grid Corporation of India Q1 Results: Net profit falls 36% to Rs 3,801 cr

State-owned Power Grid Corporation of India (PGCIL) on Monday said its consolidated net profit dipped over 36 per cent to Rs 3,801.19 crore in the April-June quarter of FY23. The consolidated net profit of the company was Rs 5,998.28 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of [...]

Ircon International Q1 Results: Consolidated profit after tax rises to Rs 145 crore

Ircon International Ltd on Monday reported a 62.46 per cent rise in consolidated profit after tax at Rs 144.57 crore in the first quarter ended June. The company had posted consolidated profit after tax of Rs 88.99 crore in the year-ago period, Ircon International said in a statement. The consolidated revenue of the company during [...]

Nalco Q1 Results: Consolidated net profit rises 61% to Rs 558 crore

National Aluminium Company Ltd (Nalco) on Monday reported a 60.5 per cent rise in consolidated profit at Rs 557.91 crore for the quarter ended June on the back of higher revenue from operations. The company had posted a consolidated profit of Rs 347.48 crore in the year-ago period, Nalco said in a regulatory filing. The [...]

Defence stock jumps 7.85% and reaches new 52 week high before its Q1 results

The shares of Hindustan Aeronautics Ltd (HAL) surged 7.85% on Monday and surpassed their 52-week high of ₹ 2075 apiece that they touched on August 02, 2022. They reached a fresh 52-week high of ₹ 2174 apiece. The company’s shares surged by 74.60% in 2022 (year-to-date). This means that if an investor would have invested [...]

HPCL shares fall nearly 5% after disappointing June quarter earnings

Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Monday dropped nearly 5 per cent after the firm reported its highest-ever quarterly net loss of Rs 10,196.94 crore in the June quarter. The stock fell 4.65 per cent to end at Rs 239.05 apiece on the BSE. During the day, the stock declined 6.22 per cent [...]

Bharti Airtel Q1 Results: Consolidated profit rises five fold to Rs 1,607 crore

Telecom operator Bharti Airtel on Monday reported an over five-fold rise in its consolidated profit to Rs 1,607 crore for the first quarter ended June 30. The company had posted a profit of Rs 283.5 crore in the year-ago period. Its consolidated revenue from operations increased by about 22 per cent to Rs 32,805 crore [...]

Hyundai Motor India expects semiconductor shortage issue to improve next year

Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata [...]

Sensex climbs 465 points; Nifty above 17,500

Equity benchmark Sensex jumped over 465 points on Monday, tracking gains in index majors HDFC twins and Reliance Industries amid positive global market trends. The 30-share BSE gauge climbed 465.14 points or 0.80 per cent to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93 per cent to 58,934.90. The broader NSE [...]

Equity mutual funds inflow drops 43% to Rs 8,898 cr in July

Equity mutual funds attracted Rs 8,898 crore in July, a sharp decline of 43 per cent from the preceding month, amid volatile market conditions. Although, this was the 17th straight month of positive inflow in equity schemes. The net inflows in July were lower compared to the net inflow of Rs 15,495 crore seen in [...]

Adani Ports Q1 Results: Consolidated net profit drops 17%

Adani Ports and Special Economic Zone (APSEZ) on Monday reported a 16.86 per cent decline in consolidated net profit to Rs 1,091.56 crore for the first quarter of the current financial year. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,312.9 crore in the corresponding period a year ago, [...]

Fincare Small Finance Bank refile draft IPO papers with Sebi

Fincare Small Finance Bank has refiled preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO). This fresh filing comes as the capital markets regulator's one-year approval given to the lender to launch an IPO expired last month. Under the rules, a firm gets one year to hit the primary market after [...]

LIC sells 2% stake in this large cap Auto Stock; Check the details here

State-owned Life Insurance Corporation of India (LIC) sold a 2.015% stake in India’s largest car manufacturer, Maruti Suzuki on Friday. According to an exchange filing, the LIC sold 60.88 lakh shares worth ₹ 5,400 crores in the open market. With this, its stake in the auto manufacturer reduced from 6.22% to 4.2%. Maruti Suzuki’s shares [...]

5G mobile services likely to be rolled out in about a month: MoS Telecom

The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union's Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to deploy indigenously developed and manufactured 5G [...]

Syrma SGS Technology Rs 840 cr IPO to open on Friday

Electronic manufacturing services firm Syrma SGS Technology on Monday said it will come out with its Rs 840-crore initial share sale on August 12, which will end two-and-a-half months of the gap in the initial public offering (IPO) market. The company has fixed a price band of Rs 209-220 per equity share for its IPO, [...]

Stocks to BUY: 3 Midcap Debt free to buy for long term

Industry experts say that mid-cap stocks are able to produce better returns because they are financially stable as compared to small-cap stocks and are quicker to act as compared to large-cap stocks. The amount of debt that a company has gives key insights into a company’s capital position. The debt-equity ratio is one such ratio [...]

SBI shares fall over 3% after Q1 earnings

Shares of State Bank of India (SBI) on Monday fell over 3 per cent in the morning trade after it posted a 7 per cent decline in standalone net profit for the first quarter of the current financial year. The stock declined 3.13 per cent to Rs 514 on the BSE. At the NSE, it [...]

Mukesh Ambani draws nil salary for second year in row

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil". [...]

Sensex gains 110 pts in early trade; Nifty above 17,400

Equity benchmark Sensex advanced over 110 points in opening trade on Monday, tracking gains in index majors M&M, Reliance Industries and HDFC twins amid a mixed trend in global markets. After opening on a weak note, the 30-share BSE benchmark rose 111.88 points or 0.19 per cent to 58,499.81 in morning deals. The broader NSE [...]

Rupee falls 22 paise to 79.46 against US dollar in early trade

The rupee depreciated 22 paise to 79.46 against the US dollar in early trade on Monday, tracking subdued sentiment in the domestic equities. However, persistent foreign fund inflows into the capital market restricted the rupee's fall, forex traders said. At the interbank foreign exchange, the rupee opened weak at 79.50 against the US dollar and [...]

Tata Motors inks pact to acquire Ford India Sanand plant for Rs 726 crore

Tata Motors on Sunday said its subsidiary has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 725.7 crore. Tata Passenger Electric Mobility Ltd (TPEML), a subsidiary of Tata Motors and Ford India Pvt Ltd (FIPL), have signed a Unit Transfer Agreement (UTA) for the acquisition of the Gujarat-based plant. As part [...]

Vodafone Idea says industry needs tariff increases at regular intervals

Struggling telecom operator Vodafone Idea Ltd says the industry needs to raise mobile tariffs at regular intervals as the sector still operates at unsustainably low prices and revisions will allow it to generate reasonable returns and support future investments. The joint venture of Aditya Birla Group and Vodafone Group, which last year got a fresh [...]

Top Stock Picks: 4 Stocks to buy for huge potential upside of up to 70%

After a volatile trading session on Friday, the headline gauges managed to close in the green. The BSE Sensex closed at 58,387 points, up 0.15% or 89 points, while the NSE Nifty settled at 17,397 after adding 15.5 points or 0.09%. However, here are a few stocks with huge upside potential. Gail (India) Limited ICICI [...]

IOC, HPCL, BPCL post Rs 18,480 cr loss in Q1 on holding petrol, diesel prices

State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost. According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin [...]

28 cos secure Sebi clearance to float IPOs worth Rs 45,000 cr in FY23

Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator's clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of [...]

Steel players expect govt to withdraw export duty; to go ahead with capex plans

The export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation. On May 21, the government hiked the duty on exports of iron ore by up to 50 per cent and for a [...]

IOB Q1 Results: Net profit rises 20% to Rs 392 cr

State-owned Indian Overseas Bank (IOB) on Saturday posted a 20 per cent rise in net profit to Rs 392 crore for the first quarter of the current financial year, helped by a decline in bad loans. The Chennai-based lender had reported a net profit of Rs 327 crore in the April-June quarter of 2021-22. The [...]

Birla Corp Q1 Results: Consolidated net profit down 52%; revenue rises 26%

M P Birla Group firm Birla Corporation Ltd on Saturday reported a decline of 56.24 per cent in its consolidated net profit at Rs 61.92 crore for the quarter ended June on account of higher power, fuel and freight costs. It had posted a net profit of Rs 141.51 crore in the April-June period a [...]

BPCL Q1 Results: Net Loss at Rs 6,291 cr

Bharat Petroleum Corporation Ltd (BPCL) on Saturday reported a net loss of Rs 6,291 crore in the first quarter of current fiscal on holding fuel prices despite rise in cost. Net loss of Rs 6,290.8 crore in April-June compared with Rs 3,192.58 crore in the same period a year back, the company said in a [...]

Earnings, global cues to set market trend this week: Analysts

Quarterly earnings and global developments would be the major factors driving equity markets in the holiday-shortened week ahead, analysts said. Foreign fund movement will also play a crucial role in deciding the trend, they added. Markets will remain closed on Tuesday for Muharram. "This week market will deal with the last batch of Q1 earnings [...]

Mahanagar Gas Q1 Results: Net profit falls 9% on higher gas cost

Mahanagar Gas Ltd, which retails CNG and piped cooking gas in Mumbai and other cities, on Saturday reported a 9 per cent drop in its June quarter net profit as higher gas cost negated a rise in sales. Net profit of Rs 185.20 crore in April-June compared with Rs 204.08 crore in the same period [...]

Weekly Recap: Adani stock crosses ₹3 lakh crores Mcap, 5G spectrum auction and More!

Domestic equities started on a positive note on Monday. The thirty-share index (BSE Sensex) extended its gaining spree and was trading at 57,898.02 levels, up 0.58 per cent. On the other hand, the fifty-share index (NSE Nifty 50) was trading at 17,261.10 levels, up 0.61 per cent Among sectors, the auto index was up more [...]

CAMS Q1 Results: Profit after tax up 2.4% to Rs 65 cr

Registrar and transfer agent for mutual funds Computer Age Management Services on Saturday reported a 2.4 per cent growth in profit after tax to Rs 64.78 crore for the April-June quarter of this fiscal. The company had posted a PAT of Rs 63.24 crore in the same quarter of the last fiscal, Computer Age Management [...]

HPCL Q1 Results: Reports record loss of Rs 10,196 cr on petrol, diesel price freeze

Hindustan Petroleum Corporation Ltd (HPCL) on Saturday reported its highest ever quarterly net loss of Rs 10,196.94 crore in the June quarter as a freeze on petrol and diesel price revision wiped away record refining margins. A standalone net loss of Rs 10,196.94 crore during April-June compares with a net profit of Rs 1,795 crore [...]

Marico Q1 Results: Consolidated net profit rises 3% to Rs 377 cr; sales up 1.3%

FMCG firm Marico Ltd on Saturday reported a 3.28 per cent increase in its consolidated net profit to Rs 377 crore for the first quarter ended June. The company had posted a net profit of Rs 365 crore in the April-June period a year ago, Marico said in a BSE filing. Its revenue from operations [...]

SBI Q1 Results: Standalone net profit dips 7%

The country's biggest lender State Bank of India (SBI) on Saturday posted a 7 per cent decline in standalone net profit at Rs 6,068 crore for the first quarter of the current financial year due to fall in income. The bank had reported a net profit of Rs 6,504 crore in the April-June quarter of [...]

Fundamentally strong stocks at 52 week low with an upside of up to 45%

On Friday, the BSE Sensex was up 89.13 points or 0.15 per cent and closed at 58,387.93, while the Nifty50 was up 15.5 points or 0.09 per cent and ended at 17,397.5. However, there are certain stocks that have gone sideways as they announced their quarterly results.  Here are three stocks with good fundamentals which [...]

Fortis Healthcare Q1 Results: Consolidated net profit falls 69%

Fortis Healthcare has reported 69 per cent decline in consolidated net profit at Rs 134 crore for the first quarter ended June 30. The healthcare major had logged a net profit of Rs 431 crore, which included an exceptional gain of Rs 306 crore, in April-June 2021-22. Revenues in the period under review stood at [...]

Crompton Greaves Consumer Electricals promoter sells shares worth Rs 751 cr

A promoter entity of Crompton Greaves Consumer Electricals Ltd on Friday offloaded the firm's shares worth Rs 751 crore through an open market transaction. Those who picked up the shares of the Mumbai-based home appliances company were Copthall Mauritius Investment Ltd and Ghisallo Master Fund LP. According to bulk deal data available with the National [...]

Shipping Corp Q1 Results: Consolidated net profit falls 27.97%

State-owned Shipping Corporation of India Ltd (SCI) on Friday reported a 27.97 per cent decline in consolidated net profit to Rs 114.17 crore for the first quarter of this fiscal. The company had clocked a consolidated net profit of Rs 158.51 crore in the corresponding period a year earlier, it said in a regulatory filing. [...]

Paytm Q1 Results: Consolidated net loss widens to Rs 644.4 crore

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday said its consolidated loss widened to Rs 644.4 crore in the first quarter ended June 30. The company had recorded a net loss of Rs 380.2 crore a year ago. Paytm said its contribution profit, which excludes taxes and marketing expenses [...]

Raymond Q1 Results: Consolidated net profit at Rs 82 crore

Raymond Ltd on Friday reported a consolidated net profit of Rs 81.93 crore for the first quarter ended June helped by an increase in sales. The company had posted a net loss of Rs 157.10 crore during the April-June quarter of the previous fiscal, Raymond said in a regulatory filing. Its revenue from operations was [...]

MapMyIndia Q1 Results: Consolidated net profit up 18%

Digital map company CE Info Systems, which operates under MapMyIndia brand name, on Friday posted nearly 18 per cent increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23. The company had recorded a profit of Rs 20.6 crore in the same period a year ago. The revenue from operations [...]

Titan Q1 Results: Consolidated net profit rises to Rs 790 crore

Jewellery and watches maker Titan Ltd on Friday reported a multi-fold increase in consolidated net profit at Rs 790 crore in the first quarter ended June on the back of strong festive demand. The company had posted a consolidated net profit of Rs 18 crore in the year-ago period, Titan Ltd said in a regulatory [...]

Minda Corp Q1 Results: Profit after tax rises over six-fold to Rs 52.5 cr

Auto-parts maker Minda Corporation's profit after tax (PAT)  increased more than six-fold to Rs 52.5 crore in the June quarter, the company said on Friday. It recorded a profit after tax of Rs 7.1 crore in the year-ago quarter, the company said in a statement. Its operating revenue for the reporting quarter grew 80.8 per [...]

Airline stocks gain more than 25% in a month, should you Buy, Sell or Hold?

The shares of Interglobe Aviation Ltd and SpiceJet Limited surged by 25.17% and 27.37% respectively in the past month, led by positive developments.  Interglobe Aviation Ltd The shares of Interglobe Aviation Limited (Indigo), surged 5.93% on Friday to an intraday high of ₹ 2103.95 apiece. The scrip closed at ₹2,080.55 apiece on Friday. This happened [...]

Nykaa Q1 Results: Consolidated net profit rises 42% to Rs 5 crore

FSN E-commerce, which operates under Nykaa brand, on Friday said its consolidated net profit rose nearly 42 per cent to Rs 5 crore in the April-June quarter of FY23. The company had recorded a net profit of Rs 3.52 crore in the same period a year ago. The consolidated revenue from operations of Nykaa increased [...]

Petronet LNG Q1 Results: Net profit up 10%

Petronet LNG Ltd, India's largest liquefied natural gas importer, on Friday reported a 10 per cent rise in first-quarter net profit on processing larger volumes of imported fuel. Net profit in April-June at Rs 700.9 crore compared with Rs 635.67 crore in the same period a year back, Petronet CEO A K Singh said on [...]

SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with mutual funds

Japan's SoftBank Investment Advisers and US-based JP Morgan hosted a meeting between large mutual fund houses and 10 unicorns, including Swiggy, and Unacademy, which are keen on going public within 3 years, sources said. Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4. "Indian [...]

Multibagger Ashish Kacholia chemical stock reaches 52 week high

The shares of Fineotex Chemical Ltd gained more than 8% in the early trading hours on Friday and reached their new 52-week high of Rs 252.90. Till afternoon, the stocks were trading at Rs 247.  A year ago the scrip was trading at Rs 115 a piece on NSE. From there it has scaled up [...]

ED freezes over Rs 64 cr bank deposits of crypto exchange WazirX

The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs 64.67 crore as part of a money laundering probe against cryptocurrency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative". [...]

Motherson Sumi Wiring India Q1 Results: Net profit rises to Rs 126 crore

Motherson Sumi Wiring India Ltd (MSWIL) on Friday reported close to two-fold increase in net profit at Rs 126 crore for the first quarter ended June 2022. The company had posted a net profit of Rs 79 crore in the April-June period of last fiscal. Total revenue from operations rose to Rs 1,671 crore compared [...]

Markets bounce back after a day’s breather post RBI policy

Equity benchmarks ended modestly higher on Friday after the Reserve Bank raised the key interest rate in an effort to cool stubbornly high inflation and defend the rupee. Continuous foreign fund inflows into the capital markets and softening crude oil prices also helped the bourses regain momentum, traders said. The 30-share BSE Sensex ended 89.13 [...]

EMIs to rise as RBI hikes interest rate again

Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation. The increase in lending rate or the repurchase rate (repo) by 50 bps to 5.40 per cent [...]

PSU stock slips 3.8% after bonus issue announcement of 2:1

State-owned Bharat Electronics Limited (BEL) on Thursday announced a bonus issue of its equity shares in the ratio of 2:1. Eligible shareholders of BEL will receive two shares for every one share held by them. "The proposal to increase authorized share capital, alteration of the memorandum of association of the company, and the issue of [...]

HDFC raises Rs 8,700 cr as ‘social loan’ to finance affordable housing segment

Mortgage lender HDFC Ltd on Friday said it has raised USD 1.1 billion (around Rs 8,700 crore) from a clutch of investors under 'Syndicated Social Loan Facility' to cater to the affordable housing segment in the country. The country's largest mortgage lender by asset size said it has raised the amount by way of external [...]

UCO Bank Q1 Results: Net profit rises 22% to Rs 123.61 cr

State-owned UCO Bank on Friday posted a 22 per cent rise in its net profit at Rs 123.61 crore for the first quarter ended June 30, helped by fall in bad loans. The bank had reported a net profit of Rs 101.81 crore in the same quarter of financial year 2021-22. However, the total income [...]

REC Q1 Results: Consolidated net rises 8% to Rs 2,454 cr

State-owned REC Ltd has posted an 8 per cent increase in its consolidated net profit at Rs 2,454.16 crore for the first quarter ended June 30, on the back of reduced expenses. The company had clocked a net profit of Rs 2,268.66 crore during the April-June quarter of financial year 2021-22, the company said in [...]

10 Stocks in which Rakesh Jhunjhunwala has reduced his stake recently

The Big Bull of the Indian stock markets, Rakesh Jhunjhunwala had a major reconstruction of his portfolio in the June quarter. He has added just one stock to his portfolio which is Escorts Kubota Limited.  Here are the stocks in which he has offloaded or trimmed his stake:  D B Realty Limited  Rakesh Jhunjhunwala held [...]

4 Stocks touch 52 week high as markets remain bullish

Domestic benchmark indices started the last session of the week in green. The Sensex gained 220.93 points to touch 58519.73 points, and the Nifty50 climbed to as high as 17,437.90 points, up 222.95 points from its previous close. Here are a few shares that reached their respective 52-week highs as the markets escalated: Mahindra & [...]

M&M Q1 Results: Consolidated profit after tax at Rs 2,360.70 cr

Mahindra & Mahindra Ltd on Friday reported a consolidated profit after tax of Rs 2,360.70 crore in the first quarter ended June 30, driven by strong performance of its automotive and farm sector segments. The company had posted a consolidated loss after tax of Rs 331.74 crore in the year-ago period, M&M said in a [...]

RBI retains FY23 inflation projection at 6.7%

The RBI on Friday retained its retail inflation forecast for current fiscal year at 6.7 per cent amid geopolitical developments and higher global commodity prices, hoping inflationary pressures to ease further. In its previous monetary policy review in June, it had projected retail inflation for 2022-23 at 6.7 per cent, up from 5.7 per cent [...]

RBI hikes interest rate by 50 bps to pre pandemic level

The Reserve Bank on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation and defend the rupee. The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo [...]

RBI hikes benchmark lending rate by 50 basis points to curb inflation

The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation. With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent. This is the third consecutive [...]

Welspun Corp Q1 Results: Standalone net profit grows 37% to Rs 80.50 cr

Welspun Corp Limited (WCL) on Thursday said its standalone net profit rose by 37 per cent to Rs 80.50 crore for the three months to June 2022 on the back of higher income. The company's standalone net profit stood at Rs 58.73 crore in the year-ago period, according to a regulatory filing. Its total income [...]

Dalmia Bharat Q1 Results: Consolidated net profit down 26.8% at Rs 205 cr

Cement maker Dalmia Bharat Ltd on Thursday reported a 26.78 per cent decline in its consolidated net profit to Rs 205 crore for the first quarter ended June 30. The company had posted a net profit of Rs 280 crore during the April-June quarter a year ago, Dalmia Bharat said in a regulatory filing. Its [...]

NDTV Q1 Results: Consolidated net profit up 55.8%

Media firm New Delhi Television Ltd (NDTV) on Thursday reported a 55.85 per cent rise in its consolidated net profit to Rs 25.81 crore for the first quarter ended June 30. The company had posted a net profit of Rs 16.56 crore during the April-June quarter a year ago, NDTV said in a BSE filing. [...]

Adani Enterprises Q1 Results: Consolidated profit rises 76% to Rs 469 crore

Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 265.60 crore in the year-ago period, AEL said in a regulatory filing. [...]

Bayer CropScience Q1 Results: Net profit up 19% at Rs 302.6 cr

Global pharma and chemicals major Bayer CropScience on Thursday reported a 19.27 per cent growth in profit at Rs 302.6 crore for the quarter ended June. The company's profit stood at Rs 253.7 crore during the corresponding quarter of the previous fiscal, Bayer CropScience said in a BSE filing. Revenue from operations went up by [...]

Manappuram Fin Q1 Results: Net profit declines 35%

Manappuram Finance on Thursday posted an over 35 per cent decline in its net profit at Rs 282 crore for the quarter ended June 2022 as income from operations fell. The non-banking financial company had posted a net profit of Rs 437 crore in the corresponding quarter of the previous fiscal. Its income from operations [...]

Blue Star Q1 Results: Consolidated net profit rises to Rs 74 crore

Air conditioning and commercial refrigeration maker Blue Star Ltd on Thursday saw its consolidated net profit jump to Rs 74.35 crore in the June quarter on higher demand. The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing. Its [...]

India’s most expensive stock jumps 24% to reach its new 52 week high

The shares of MRF Limited, the costliest in India, reached a new 52-week high on Thursday of Rs 89,499.90. In fact, in the last five days, the stock has gained more than 6%. In the past month, the stock has added 24%.  In the month of January this year, the stocks were trading at Rs [...]

Berger Paints Q1 Results: Consolidated net profit rises 81%; revenue up 53%

Berger Paints India Ltd on Thursday reported an increase of 80.60 per cent in consolidated net profit to Rs 253.71 crore for the first quarter ended June 30, 2022. The company had posted a net profit of Rs 140.48 crore in the April-June period a year ago, Berger Paints said in a regulatory filing. Its [...]

Active Demat accounts on CDSL cross 7-cr mark

Central Depository Services on Thursday said the number of active Demat accounts on its platform has crossed the 7-crore mark. Central Depository Services (India) Ltd or CDSL began operations in 1999. It facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges, according to a statement. CDSL MD [...]

BHEL Q1 Results: Consolidated net loss narrows to Rs 188 cr

State-owned Bharat Heavy Electricals Limited (BHEL) on Thursday reported a narrowing of its consolidated net loss to Rs 187.99 crore for the quarter ended June 30, 2022. The consolidated net loss of the company stood at Rs 448.20 crore in the year-ago period, according to a regulatory filing. Its total income from operations was at [...]

Block Deal: Real Estate Stock drops 8% after Ivanhoe sold 1.5% stake

The shares of Macotech Developers (Lodha) tanked 8% to ₹1010 on the Bombay Stock Exchange on Thursday’s intraday trade. This happened after Ivanhoe, the real estate arm of the Canadian pension fund CDPQ, sold a 1.5 per cent stake via block deals.  Macrotech Developers is one of the biggest real estate developers and it takes [...]

ICRA Q1 Results: Consolidated net dips 11% to Rs 21.6 cr

Domestic rating agency Icra on Thursday reported an 11 per cent decline in its June quarter consolidated net at Rs 21.6 crore. Icra, which is majority owned by global rating agency Moody's Group, had reported a post-tax net of Rs 24.3 crore in the year-ago period and Rs 33.7 crore in the preceding March quarter. [...]

Dolly Khanna portfolio stock announces record date for dividend

The shares of Chennai Petroleum Corporation were trading at Rs 103 a piece in January this year. From there it has spiked up to the current level of Rs 267 thereby giving a multi-bagger return of 158.08% YTD. In the past six months, the stock has given 135% returns to its shareholders.  On Thursday the [...]

Markets halt 6-day rally; end marginally lower

Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, [...]

Dabur Q1 Results: Consolidated net profit marginally rises to Rs 441 crore

Homegrown FMCG major Dabur India Ltd on Thursday reported a marginal increase in consolidated net profit at Rs 441.06 crore for the first quarter ended June 2022. The company had posted a net profit of Rs 438.30 crore in the April-June quarter a year ago, Dabur India said in a regulatory filing Its revenue from [...]

Balrampur Chini Mills Q1 Results: Consolidated net profit down 84% to Rs 12 crore

Balrampur Chini Mills Ltd on Thursday reported 84 per cent fall in consolidated net profit at Rs 12.38 crore for the quarter ended June. Its net profit stood at Rs 76.92 crore in the year-ago period. Total income fell to Rs 1,094.58 crore in the quarter from Rs 1,145.68 crore in the corresponding period of [...]

Adani Total Gas Q1 Results: Net Profits at 138 crore

Adani Total Gas Ltd on Thursday reported a flat net profit for June quarter as higher gas prices ate into increased CNG and piped cooking gas sales volumes. Net profit of Rs 138 crore in April-June was unchanged from the year-ago period, the company said in a statement. The firm, which is a city gas [...]

Top Stock Picks: 5 Stocks to buy with huge upside potential

On Thursday, The Sensex was up 334.22 points or 0.57% and opened at 58,684.75, and the Nifty was up 91.60 points or 0.53% at 17,479.80.  Amid the rising markets, here are a few stocks recommended by top brokerages: Godrej Agrovet Ltd  Recommended by: Motilal Oswal  CMP: Rs 495 Target: Rs 670 Upside: 36% Rating: Buy  Dwarikesh Sugar Industries [...]

Kalyan Jewellers Q1 Results: Consolidated PAT at Rs 108 cr

Jewellery retailer Kalyan Jewellers India on Thursday reported a consolidated profit after tax (PAT) of Rs 107.77 crore for the quarter ended June on the back of robust momentum in both footfalls and revenue across markets. Kalyan Jewellers had posted a loss of Rs 51.30 crore during the corresponding quarter of the previous financial year, [...]

GAIL Q1 Results: Net profit jumps 51% on marketing margins

GAIL (India) Ltd, the nation's largest gas utility, on Thursday reported a 51 per cent jump in its June quarter net profit on the back of bumper margins from gas marketing. GAIL posted a consolidated net profit of Rs 3,250.95 crore, or Rs 7.34 per share, in April-June compared to Rs 2,157.15 crore, or Rs [...]

Tiger Global sells 2.34% stake in Zomato

Zomato on Thursday said investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 per cent by selling over 18.45 crore shares in the open market. Tiger Global's Internet Fund VI Pte Ltd had a holding of 5.11 per cent in the online food delivery platform before the sale. [...]

2 Multibagger stocks are coming up with stock split next week; Check the details

Companies split their stocks to alter their share price and outstanding shares without making changes in their operating performance or market capitalization. There are two multibagger stocks that are going to start trading ex-split this week. Inventors who are interested in corporate actions can take a look at the shares of Variman Global Enterprises Ltd and [...]

Rakesh Jhunjhunwala Stock surges 47% in a month; Analysts see an upside of 26%

The shares of Star Health and Allied Insurance Company Limited have been on the rise in the past month. They climbed from ₹ 497.95 to ₹ 732.90 apiece levels, up 47.18%. Ace Investor Rakesh Jhunjhunwala has significant holdings in the company apart from his holdings in Titan Company Ltd. Currently, the big bull holds 100,753,935 [...]

Auto retail sales dip 8% in July on lower registrations of passenger vehicles, 2 wheelers

Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors. As per data released by the automobile dealers' body FADA on Thursday, the overall automobile retail sales last month stood at 14,36,927 units, as compared with 15,59,106 units [...]

Inox Leisure Q1 Results: Net profit at Rs 57 cr

Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net profit of Rs 57.09 crore for the quarter ended June, led by rising footfalls at cinema halls. The company had posted a net loss of Rs 122.28 crore in the April-June period a year ago, said Inox Leisure in a BSE filing. Its [...]

Paradeep Phosphates Q1 Results: Profit after tax rises by 5%

Paradeep Phosphates has declared an income of Rs 2,435 crore from operations for the first quarter of 2022-2023 fiscal, up by 85 per cent as compared to the corresponding period of the previous year. The earnings before interest, taxes, depreciation, and amortisation was Rs 167 crore, an increase of 56 per cent as compared to [...]

Stocks to Watch: 3 Midcap low PE stocks with an upside of up to 98%

As per the Industry experts, mid-caps are able to produce better returns because they are quicker to act than large caps and more financially stable than small caps.  An important metric used to analyze whether a stock is overvalued or undervalued is the Price-to-Earnings (PE) Ratio. It measures a stock's current share price relative to [...]

Indigo Q1 Results: Net loss narrows down to Rs 1,064 cr on higher income

Private airline IndiGo on Wednesday reported a net loss of Rs 1,064 crore for the quarter ending June due to high fuel prices and a weak rupee. The Q1 loss was 66.5 per cent less than the loss incurred by the airline in the corresponding period a year ago, IndiGo said in a statement. The [...]

NHAI debt stands at Rs 3.49 lakh crore

The total outstanding debt of state-owned National Highways Authority of India (NHAI) stood at around Rs 3.49 lakh crore as of March 31, 2022, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the fund required by NHAI for debt servicing in 2022-23, [...]

Adani Wilmar Q1 Results: Consolidated net profit up 10%

Edible oil major Adani Wilmar Ltd (AWL) on Wednesday reported a 10 per cent growth in consolidated net profit at Rs 193.59 crore for the quarter ended June on higher sales. Its net profit stood at Rs 175.70 crore in the year-ago period. Total income rose to Rs 14,783.92 crore in the first quarter of [...]

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