#TradeBrainsNews

Trade Brains News - Find Trending Stock Market News

Stay updated with what’s happening in Stock Market and stay ahead of the crowd with Trade Brains News. Download our app to read Top Stock Market News!

News Alert

Corporate Actions

Company Results

IPO News

Kotak Securities Banner on Trade Brains 500x500

Commodity Market

Economy

Trending News

Bharat Forge and IGL Lead Intra day Gains on Friday on strong Q1 results

It is raining profits on Dalal Street as the companies roll out strong Q1FY23 results. So far the June quarter results of most the companies are positive with some giving excellent figures. This has uplifted the market sentiment and translated into good returns for shareholders of the companies. Bharat Forge The shares of Bharat Forge [...]

Sensex extends gains for 2nd day ahead of IIP, inflation data

Benchmark BSE Sensex gained 130 points on Friday after gains in index majors Reliance Industries, ICICI Bank and Tata steel ahead of the release of inflation and factory output data. Recovering from its early losses, the 30-share BSE index ended 130.18 points or 0.22 per cent higher at 59,462.78 in a range-bound trade. The broader [...]

Adani Group Stock to replace Shree Cement in upcoming NIFTY 50 rebalance

The Nifty 50 index is generally rebalanced every quarter and semi-annually. As a part of its periodic review, the next rebalancing of Nifty is about to take place in August 2022 which will be effective from September 30th, 2022.  These changes will take into account the average Free Float (FF) market capitalisation for the period [...]

Amusement park operator stock jumps 25% in 2 days on robust Q1 Results

The shares of Wonderla Holidays, a small-cap amusement parks operator hit the upper circuit of 20% on Thursday. The stock advanced Rs. 55.80 or 19.99% to touch hits 52-week high of Rs. 334.95 per share. The company declared its results at 1:30 PM IST after which the stock surged to hit its upper circuit limit. [...]

Shares of Oil India gain 3.56% on strong June qtr numbers

Shares of Oil India Ltd (OIL) gained 3.56 per cent in morning trade on Friday after the nation's second-largest state explorer reported strong June quarter results. On BSE, shares of OIL opened on a strong note at Rs 190, then gained more ground to touch Rs 194.65, registering a jump of 3.56 per cent over [...]

Page Industries shares hit 52 week high on strong Q1 earnings

Shares of Page Industries hit a 52-week high in morning trade on Friday after the apparel manufacturer reported a multi-fold jump in the first quarter net profit. Shares of Page Industries opened on a strong note on BSE at Rs 49,799.95, then gained momentum to touch its 52-week high of Rs 50,338.05, registering a jump [...]

Sensex drops 155 pts in early trade; Nifty tests 17,600

Equity benchmark Sensex fell 155 points in early trade on Friday, tracking losses in index-heavyweights TCS, Infosys and Maruti amid a mixed trend in global markets. The 30-share BSE index was trading 155.21 points or 0.26 per cent lower at 59,177.39 in initial deals. Similarly, the broader NSE Nifty slipped 37.25 points or 0.21 per [...]

JSW Energy soars 17% in five days, here’s why!

JSW Energy on Wednesday said that its wholly owned subsidiary, JSW Neo energy has agreed to acquire solar and wind power assets from Mytrah Energy (India) Pvt Ltd. The deal was struck at an enterprise value of approximately ₹ 10,530 crores for assets totalling 1753 megawatts (MW). KPMG India Services LLP was the transaction advisor [...]

Avalon Technologies files Rs 1,025 cr IPO papers with Sebi

Electronic manufacturing services firm Avalon Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,025 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders, [...]

Tata Stock jumps 9% on robust Q1 performance

The shares of Tata Chemicals opened on a bullish note at Rs 999.95, then gained further ground to touch Rs 1,043, registering a jump of 8.96 per cent over its previous close. In the past month, the stock has gained more than 24%. From the beginning of 2022, the stock has been volatile and has [...]

FPIs turn buyers; Check in which sector they are buying

Foreign Portfolio Investors (FPIs) are returning to Indian equities after relentlessly selling over ₹ 2 trillion in the past nine months. However, they bought shares close to ₹ 5,000 crores in July and this has lifted market sentiments, and the Sensex escalated 8.5% in July after going through a contraction in the past three months. [...]

mStock Banner on Trade Brains Right Side

News Alert

NEWSALERT

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

NEWSALERT

Plane in China skids off runway, catches fire; casualties feared: Official media. PTI KJV CPS AKJ CPS

NEWSALERT

LIC IPO subscribed 2.95-times at close of subscription period: Exchange data. PTI DP DP ABM ABM

IPO Alert

Avalon Technologies files Rs 1,025 cr IPO papers with Sebi

Electronic manufacturing services firm Avalon Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,025 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders, [...]

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 [...]

Top Editor’s Pick

Multibagger stock slips 20% after Lok Sabha passed Energy Conservation Bill

The shares of EKI Energy plunged almost 20% in the past three days after the Lok Sabha passed the Energy Conservation (Amendment) Bill to establish the carbon credit market in India, on August 08, 2022. Its shares are currently trading at ₹1,706.95 apiece. Prime Minister Narendra Modi’s Government is seeking changes to the energy conservation [...]

Apparel Stock crosses ₹50,000 mark after MRF on robust Q1; Brokerages see more upside

Apparel manufacturer Page Industries Ltd on Friday became the second stock on the Indian bourses to cross the share price of ₹ 50,000 apiece on Friday’s early deals after it reported a multi-fold jump in the first quarter net profit. Its shares reached an all-time high of ₹ 50,350. Apart from Page Industries, MRF has [...]

3 Rakesh Jhunjhunwala stocks reach 52 week high; Check their latest targets

The Indian indices opened in green on Thursday. The Sensex was up 585.21 points or 0.99% and opened at 59402.50, and the Nifty was up 161.40 points or 0.92% at 17696.20.  With the rising markets, here are two Rakesh Jhunjhunwala stocks that have reached their 52-week high and analysts see a further upside of up [...]

₹ 2.8 to ₹ 31.5: This Multibagger stock has given returns of more than 1,000% a year!

The shares of Alliance Integrated Metaliks Limited opened in the green on Thursday. They surged by 29.38% in the last five days. In fact, they rose 9.97% on Wednesday’s intraday trade and got locked at an upper circuit amid a choppy session. The company manufactures a wide range of metal structures and parts of metal [...]

Multibagger chemical stock which gave returns of 124% in a year, Jumps 15% today

Multibagger Stock: A year ago the shares of Fine Organic Industries Ltd were trading at Rs 2992 a piece on NSE. From there it has climbed up to the current levels of Rs 6,774 thereby giving a multibagger return of 124% in just a year.  On Wednesday the stock opened at Rs 6,800 up 16% [...]

Latest Market News

Reliance Infra Q1 Results: Consolidated net loss narrows to Rs 66.11 cr

Reliance Infrastructure (RInfra) on Saturday reported a narrowing of its consolidated net loss to Rs 66.11 crore for the quarter ended on June 30, 2022. The company had clocked a consolidated net loss of Rs 95.15 crore in the corresponding period of the previous fiscal, it said in a regulatory filing to the BSE. Its total [...]

Corporate tax mop up grows 34% between Apr-July

The income tax department on Friday said corporate tax collections in the first four months of the current fiscal have grown 34 per cent over the year-ago period. During 2021-22 fiscal, corporate tax collections stood at Rs 7.23 lakh crore, a 58 per cent growth over 2020-21 mop up. Even when compared to collections of [...]

No timeline from govt for selling IDBI stake, says LIC chairman

Life Insurance Corporation has said it has not received any timeline from the government for the stake sale in its subsidiary IDBI Bank. LIC owns 49.2 per cent of the lender and the government and public own the remaining shareholdings in the bank which was on the verge of collapse before it was forced into [...]

LIC Q1 Results: Net profit jumps to Rs 683 crore on record policy sales

Driven by a record premium income, Life Insurance Corporation in its maiden earnings after going public has reported a multi-fold jump in net profit at Rs 682.89 crore from the paltry Rs 2.94 crore a year ago. The nation's largest financial powerhouse that manages assets in excess of Rs 41 lakh crore had gone public [...]

Godrej Industries Q1 Results: Consolidated net profit up 38%

Godrej Industries on Friday reported 38 per cent rise in consolidated net profit at Rs 257.60 crore for the quarter ended June 30, 2022. The company had posted a net profit of Rs 185.99 crore for April-June period a year ago, Godrej Industries said in a BSE filing. Revenue from operations was Rs 4,024.55 crore [...]

Paytm loan distribution touches annual run rate of around Rs 25,000 cr

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday said its loan distribution business reached an annual run rate of Rs 25,000 crore in July. The company had reported an annual run rate of around Rs 24,000 crore for the loan distribution business in June. Annual run rate gives an [...]

Wockhardt Ltd Q1 Results: Consolidated net loss at Rs 75 crore

Pharmaceutical firm Wockhardt Ltd on Friday reported a widening of consolidated net loss at Rs 75 crore in the first quarter ended June as revenue from key markets of the UK and the US declined. The company had posted a consolidated net loss of Rs 7 crore in the same quarter last fiscal, Wockhardt Ltd [...]

GMDC Q1 Results: Consolidated PAT jumps to Rs 345 crore

Gujarat Mineral Development Corporation (GMDC) on Friday posted a steep rise in consolidated profit after tax to Rs 344.94 crore in the June quarter, mainly on account of higher income from operations. The consolidated profit after tax was at Rs 37.71 crore in the year-ago period, it said in a filing to BSE. The company's [...]

Muthoot Finance Q1 Results: Consolidated net profit drops 16%

Muthoot Finance reported a 16 per cent decline in consolidated net profit to Rs 825 crore in the June quarter due to lower yields on low-interest rate teaser loans. Total income during the April-June quarter of 2022-23 fell by 5 per cent to Rs 2,804 crore as against Rs 2,963 crore in the same period [...]

NLC India Q1 Results: Consolidated profit rises 59%

NLC India Ltd on Friday reported a 59 per cent rise in consolidated profit at Rs 568.83 crore for the quarter ended June on the back of higher income. The company had posted consolidated profit of Rs 357.59 crore in the year-ago period, NLC India said in a regulatory filing. The consolidated revenue from operations [...]

ONGC Q1 Results: Net profit triples to Rs 15k cr on bumper oil, gas prices

India's top oil and gas producer ONGC on Friday reported a tripling of net profit in the June quarter as it earned record prices before the government slapped a tax on windfall profits arising from a global rally in energy rates. Oil and Natural Gas Corporation's (ONGC) standalone net profit at Rs 15,205.85 crore, or [...]

Zee Entertainment Q1 Results: Consolidated net profit down 49%

Zee Entertainment Enterprises Ltd on Friday reported 48.94 per cent fall in consolidated net profit at Rs 106.60 crore for June quarter 2022-23 on account of challenging macroeconomic conditions. The company had reported a net profit of Rs 208.78 crore in April-June period a year ago, Zee Entertainment Enterprises Ltd (ZEEL) said in a BSE [...]

The India Cements Q1 Results: Consolidated net profit rises to 79.98 crore

The India Cements Ltd on Friday reported an 86 per cent increase in consolidated net profit to Rs 79.98 crore for the first quarter ended June. The company had posted a net profit of Rs 43.05 crore during the April-June quarter of the previous fiscal, The India Cements said in a regulatory filing. Its revenue [...]

Apollo Tyres Q1 Results: Consolidated net profit rises 49%

Apollo Tyres Ltd on Friday reported 49.21 per cent increase in consolidated net profit at Rs 190.68 crore for June quarter 2022-23 riding on higher sales. The company, which had posted a net profit of Rs 127.78 crore for the year-ago period, said its board has approved raising Rs 1,000 crore through issuance of non-convertible [...]

Multibagger stock slips 20% after Lok Sabha passed Energy Conservation Bill

The shares of EKI Energy plunged almost 20% in the past three days after the Lok Sabha passed the Energy Conservation (Amendment) Bill to establish the carbon credit market in India, on August 08, 2022. Its shares are currently trading at ₹1,706.95 apiece. Prime Minister Narendra Modi’s Government is seeking changes to the energy conservation [...]

Bharat Forge and IGL Lead Intra day Gains on Friday on strong Q1 results

It is raining profits on Dalal Street as the companies roll out strong Q1FY23 results. So far the June quarter results of most the companies are positive with some giving excellent figures. This has uplifted the market sentiment and translated into good returns for shareholders of the companies. Bharat Forge The shares of Bharat Forge [...]

Sensex extends gains for 2nd day ahead of IIP, inflation data

Benchmark BSE Sensex gained 130 points on Friday after gains in index majors Reliance Industries, ICICI Bank and Tata steel ahead of the release of inflation and factory output data. Recovering from its early losses, the 30-share BSE index ended 130.18 points or 0.22 per cent higher at 59,462.78 in a range-bound trade. The broader [...]

Grasim Industries Q1 Results: Consolidated net profit up 13%

Aditya Birla Group firm Grasim Industries Ltd on Friday reported 12.7 per cent increase in consolidated net profit at Rs 2,758.75 crore for the quarter ended June 30, 2022. The company had posted a net profit of Rs 2,447.97 crore for April-June 2021-22, Grasim Industries said in a regulatory filing. Revenue from operations was up [...]

SJVN Q1 results: Consolidated net profit jumps over 78%

State-owned power producer SJVN Ltd on Friday posted an over 78 per cent jump in consolidated net profit to Rs 609.23 crore in the June quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 342.13 crore in the year-ago period, according to a BSE filing. The company's [...]

Bajaj Electricals Q1 Results: Consolidated net profit at Rs 41.19 cr

Bajaj Electricals Ltd on Friday reported a consolidated net profit of Rs 41.19 crore for the first quarter ended June 30. The company had posted a net loss of Rs 24.97 crore during the April-June quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing. Its net sales rose 42.25 per cent to [...]

Aster DM Healthcare Q1 Results: Consolidated net profit rises 34%

Aster DM Healthcare on Friday reported a 33.84 per cent rise in consolidated net profit at Rs 79.77 crore for the first quarter ended June 30, on the back of higher revenue from the hospitals and retail pharmacies segment. The company had posted a consolidated net profit of Rs 59.6 crore in the same period [...]

Apparel Stock crosses ₹50,000 mark after MRF on robust Q1; Brokerages see more upside

Apparel manufacturer Page Industries Ltd on Friday became the second stock on the Indian bourses to cross the share price of ₹ 50,000 apiece on Friday’s early deals after it reported a multi-fold jump in the first quarter net profit. Its shares reached an all-time high of ₹ 50,350. Apart from Page Industries, MRF has [...]

Adani Group Stock to replace Shree Cement in upcoming NIFTY 50 rebalance

The Nifty 50 index is generally rebalanced every quarter and semi-annually. As a part of its periodic review, the next rebalancing of Nifty is about to take place in August 2022 which will be effective from September 30th, 2022.  These changes will take into account the average Free Float (FF) market capitalisation for the period [...]

Amusement park operator stock jumps 25% in 2 days on robust Q1 Results

The shares of Wonderla Holidays, a small-cap amusement parks operator hit the upper circuit of 20% on Thursday. The stock advanced Rs. 55.80 or 19.99% to touch hits 52-week high of Rs. 334.95 per share. The company declared its results at 1:30 PM IST after which the stock surged to hit its upper circuit limit. [...]

Tata Elxsi brings new age solutions for driverless cars, connected vehicles and more: Tata Elxsi CMO Nitin Pai

Equipped with new-age technology, design and tech service provider Tata Elxsi is helping customers reimagine products and services in the three key verticals of transportation, media and telecom and healthcare, says the company’s Chief Marketing Officer Nitin Pai. The result is product engineering services to help customers transform their products, and our own platforms such [...]

Shares of Oil India gain 3.56% on strong June qtr numbers

Shares of Oil India Ltd (OIL) gained 3.56 per cent in morning trade on Friday after the nation's second-largest state explorer reported strong June quarter results. On BSE, shares of OIL opened on a strong note at Rs 190, then gained more ground to touch Rs 194.65, registering a jump of 3.56 per cent over [...]

Page Industries shares hit 52 week high on strong Q1 earnings

Shares of Page Industries hit a 52-week high in morning trade on Friday after the apparel manufacturer reported a multi-fold jump in the first quarter net profit. Shares of Page Industries opened on a strong note on BSE at Rs 49,799.95, then gained momentum to touch its 52-week high of Rs 50,338.05, registering a jump [...]

Sensex drops 155 pts in early trade; Nifty tests 17,600

Equity benchmark Sensex fell 155 points in early trade on Friday, tracking losses in index-heavyweights TCS, Infosys and Maruti amid a mixed trend in global markets. The 30-share BSE index was trading 155.21 points or 0.26 per cent lower at 59,177.39 in initial deals. Similarly, the broader NSE Nifty slipped 37.25 points or 0.21 per [...]

Rupee falls 9 paise to 79.71 against US dollar in early trade

The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil prices. At the interbank foreign exchange, the rupee opened at 79.67 against the US dollar and lost further ground to 79.71, registering a decline [...]

Apollo Hospitals Q1 Results: Consolidated net profit falls 35%

Healthcare chain Apollo Hospitals Enterprise on Thursday reported a 35.33 per cent decline in consolidated net profit at Rs 323.78 crore in the first quarter of FY23 amid higher expenses and marginal revenue growth. The company had posted a consolidated net profit of Rs 500.68 crore in the same period last fiscal, Apollo Hospitals Enterprise [...]

Adani to invest Rs 57,575 crore in alumina mill in Odisha

Adani group will invest Rs 57,575 crore in setting up an alumina refinery in Odisha as the conglomerate run by richest Indian Gautam Adani adds one more business. In a press statement, the group said it will set up a 4-million tonnes a year alumina refinery near bauxite mines as well as an iron ore [...]

Aurobindo Pharma Q1 Results: Consolidated net profit down by 32%

Pharmaceutical company Aurobindo Pharma on Thursday said its consolidated net profit for the quarter ended June 30 was down by 32.4 per cent to Rs 520.5 crore compared to Rs 770 in the first quarter of the last fiscal. Revenues from operations were up by 9.4 per cent to Rs 6,236 crore during the quarter [...]

#Zerodhadown: Investors lose money due to technical glitch; ask for compensation

Many users of the online brokerage app Zerodha, took to Twitter to report that they have issues accessing the portal. They said that they were unable to access the app and that the prices were not being updated on a day when the markets were volatile. According to downdetector.com, 65 per cent of the users [...]

3 Rakesh Jhunjhunwala stocks reach 52 week high; Check their latest targets

The Indian indices opened in green on Thursday. The Sensex was up 585.21 points or 0.99% and opened at 59402.50, and the Nifty was up 161.40 points or 0.92% at 17696.20.  With the rising markets, here are two Rakesh Jhunjhunwala stocks that have reached their 52-week high and analysts see a further upside of up [...]

Oil India Q1 Results: Net profit triples on oil, gas price boost

Oil India Ltd (OIL), the nation's second-largest state explorer, reported a tripling of its net profit in the June quarter on record oil and gas price realisation. Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period [...]

Bharat Forge Q1 Results: Consolidated net profit at Rs 160.37 crore

Auto components maker Bharat Forge Ltd on Thursday reported a consolidated net profit of Rs 160.37 crore for the first quarter ended June 30. The company had posted a consolidated net profit of Rs 152.75 crore in the same quarter last fiscal, Bharat Forge said in a regulatory filing. Its consolidated revenue from operations during [...]

JSW Energy soars 17% in five days, here’s why!

JSW Energy on Wednesday said that its wholly owned subsidiary, JSW Neo energy has agreed to acquire solar and wind power assets from Mytrah Energy (India) Pvt Ltd. The deal was struck at an enterprise value of approximately ₹ 10,530 crores for assets totalling 1753 megawatts (MW). KPMG India Services LLP was the transaction advisor [...]

Allcargo Logistics Q1 Results: Consolidated PAT rises over two fold to Rs 280 cr

Allcargo Logistics has reported over two-fold growth in its consolidated profit after tax (PAT) to Rs 280 crore for the June quarter. The company had posted a PAT of Rs 106 crore in the first quarter of the previous fiscal, Allcargo said in a release on Thursday. Its consolidated revenue during the first quarter of [...]

Shares of Eicher Motors rise 3% to hit 52 week high on strong Q1 numbers

Shares of Eicher Motors jumped over 3 per cent to hit a 52-week high in morning trade on Thursday after the company posted strong earnings for the quarter ended June 30. On BSE, the stock opened strong at Rs 3,249 and gained further ground to touch its 52-week high level of Rs 3,260.85, registering a [...]

PB Fintech Q1 Results: Consolidated loss widens to Rs 204 crore

PB Fintech, the parent firm of online insurance broker Policybazaar, on Wednesday reported a widening of consolidated loss to Rs 204.33 crore in the first quarter ended June 30, 2022, according to a BSE filing. The company had posted a loss of Rs 110.84 crore in the same period a year ago. The consolidated revenue [...]

Kirloskar Pneumatic’s promoter entities sell company’s 14% share for Rs 432 crore

Kirloskar Pneumatic's promoter entities on Wednesday divested over 14 per cent stake in engineering firm Kirloskar Pneumatic Company Ltd for Rs 432 crore through open market transactions. The promoter and promoter group who offloaded shares included Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. The shares were picked up by a clutch of [...]

LIC offloads 2% stake in Mahindra & Mahindra for Rs 2,222.49 cr

Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022, according to a regulatory filing. After the sale, the LIC [...]

Suzlon Net jumps multi fold to Rs 2432 cr in June quarter

Suzlon Energy posted a multi-fold rise in its net profit to Rs 2,432.55 crore in the June quarter compared to the year-ago period, helped by exceptional gains. The consolidated net profit of the company was Rs 3.64 crore in the quarter ended June 30, 2021, a BSE filing said. Total income of the company rose [...]

SAIL Q1 Results: Consolidated net profit falls 79% to Rs 804 cr

State-owned SAIL on Wednesday posted a 79 per cent fall in its consolidated net profit to Rs 804.50 crore during the June quarter dragged by higher expenses. It had clocked Rs 3,897.36 crore in the April-June period of 2021-22 fiscal, Steel Authority of India Limited (SAIL) said in a regulatory filing. The company's total income [...]

Coal India Q1 Results: Consolidated net profit almost triples to Rs 8,833 cr

Coal India Ltd on Wednesday reported almost three-fold rise in consolidated net profit at Rs 8,832.86 crore for June quarter 2022-23 on the back of higher sales. The company had posted a net profit of Rs 3,169.86 crore in the year-ago period, Coal India Ltd (CIL) said in a filing to BSE. Revenue from operations [...]

Indiabulls Housing Finance Q1 Results: Profit after tax up 1.8%

Mortgage financier Indiabulls Housing Finance on Wednesday reported a marginal 1.8 per cent rise in its profit after tax (PAT) to Rs 287 crore for the April-June quarter due to lower net interest income (NII). The lender had reported a profit after tax of Rs 282 crore in the same quarter of the previous fiscal. [...]

Tata Consumer Products Q1 Results: Consolidated net profit up 38%

Tata Consumer Products Ltd (TCPL) on Wednesday reported 38.2 per cent rise in consolidated net profit at Rs 276.72 crore for June quarter 2022-23. The company had posted a net profit of Rs 200.24 crore for April-June period a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a BSE filing. Revenue [...]

Eicher Motors Q1 Results: Consolidated net profit jumps twofold to Rs 611 cr

Eicher Motors on Wednesday reported over twofold increase in consolidated net profit to Rs 611 crore for the first quarter ended June 30, driven by robust sales in the international markets. The company had posted a net profit of Rs 237 crore in the June quarter of the last fiscal. Revenue from operations rose to [...]

PE/VC investments plummet by 69% in July to USD 3 bn: Report

Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to USD 3 billion during July, a report said on Wednesday. The investments in July are the lowest for any month in a year, and lower than the USD 4.9 billion recorded across 118 deals in the preceding month [...]

Zydus Lifesciences Q1 Results: Consolidated net profit falls 13%

Zydus Lifesciences on Wednesday reported a 13 per cent decline in consolidated net profit at Rs 518 crore for the first quarter ended June on account of lower sales in the domestic market. The Gujarat-based firm had posted a net profit of Rs 597 crore in the April-June quarter of the last fiscal. Revenue from [...]

Pidilite Industries Q1 Results: Consolidated net profit up 64% to Rs 358 cr

Pidilite Industries on Wednesday reported 64.27 per cent rise in consolidated net profit at Rs 357.52 crore for June quarter 2022-23, led by growth in sales and volume. The company which manufactures adhesives, sealants and construction chemicals had logged a profit of Rs 217.64 crore in April-June period a year ago. Revenue from operations was [...]

Will the markets touch a new high in August? Check what analysts have to say

The markets have rallied in the past few weeks, with the benchmark indices rising by more than 14% since their lows in June. FPIs have been selling relentlessly since November 2021 and July 2022 turned out to be an excellent month for the Indian markets, as they started turning into net buyers. The stock markets [...]

Trident Ltd down 4% after Q1 Results; Check the future plans of the company

The shares of Trident Ltd opened at Rs 35.50 per share on Wednesday as against the previous close of Rs 39.75. In the past five days, the stock has dipped by 5.5%. So far this year in 2022, the stock has lost approximately 29%.  The stock was trading at Rs 19.95 a piece a year [...]

Max Healthcare Q1 Results: Consolidated net profit up 12% at Rs 229 cr

Max Healthcare on Wednesday said its consolidated net profit increased by 12 per cent to Rs 229 crore for the June quarter driven by annual price revision and normalisation of patient footfalls. The healthcare provider had reported a net profit of Rs 205 crore in the June quarter of last fiscal. Net revenue during the [...]

Hindalco Industries Q1 Results: Consolidated PAT rises 47.7%

Hindalco Industries Ltd on Wednesday reported a 47.7 per cent rise in consolidated profit after tax (PAT) at Rs 4,119 crore for the quarter ended June 30, on the back of strong operational efficiencies. The company had posted a consolidated PAT of Rs 2,787 crore in the year-ago period, Hindalco Industries, the metals flagship of [...]

Avalon Technologies files Rs 1,025 cr IPO papers with Sebi

Electronic manufacturing services firm Avalon Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,025 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders, [...]

Brokerages see up to 79% upside in this IT Stock; Are you holding it?

IT service provider Zensar Technologies Limited’s shares touched their 52-week low on Wednesday’s early trades. Its share price dropped by 11.81% in the past five days to reach its 52-week low of ₹ 221.75 apiece.  The company’s revenue jumped 28.46% from ₹ 936.80 crores in June 2021 to ₹ 1203.40 crores in June 2022. However, [...]

Tata Stock jumps 9% on robust Q1 performance

The shares of Tata Chemicals opened on a bullish note at Rs 999.95, then gained further ground to touch Rs 1,043, registering a jump of 8.96 per cent over its previous close. In the past month, the stock has gained more than 24%. From the beginning of 2022, the stock has been volatile and has [...]

FPIs turn buyers; Check in which sector they are buying

Foreign Portfolio Investors (FPIs) are returning to Indian equities after relentlessly selling over ₹ 2 trillion in the past nine months. However, they bought shares close to ₹ 5,000 crores in July and this has lifted market sentiments, and the Sensex escalated 8.5% in July after going through a contraction in the past three months. [...]

Reliance Capital Q1 Results: Consolidated net loss at Rs 491 cr

Reliance Capital on Tuesday reported a narrowing of its consolidated net losses to Rs 491.40 crore in the quarter ended June 2022. The company which is undergoing an insolvency process had reported a net loss of Rs 1,006 crore in the year-ago quarter ended June 2021. Reliance Capital had reported losses of Rs 4,249.20 crore [...]

Tata Tele loss narrows to Rs 295 crore in April-June

Loss-making telecom operator Tata Teleservices(Maharashtra) on Tuesday reported narrowing of loss to Rs 295.1 crore in the first quarter of the current financial year. The company had posted a loss of Rs 318.45 crore in the same period a year ago. Revenue from operations of Tata Teleservices (Maharashtra) Limited (TTML) declined marginally to Rs 266.48 [...]

Shree Renuka Sugars Q1 Results: Consolidated loss narrows to Rs 114 crore

Shree Renuka Sugars, a subsidiary of Wilmar Sugar Holdings Pte Ltd Singapore, on Tuesday reported narrowing of its consolidated loss to Rs 113.9 crore during the quarter ending June. The company had posted a loss of Rs 241 crore during the corresponding quarter of the previous financial year, Shree Renuka Sugars said in a regulatory [...]

Dish TV Q1 Results: Consolidated net profit falls 64%; revenue down 17%

Direct-to-home firm Dish TV India on Tuesday reported a 63.67 per cent decline in consolidated net profit at Rs 17.85 crore in the April-June quarter of FY 23, citing impact of inflation on subscribers. The company had reported a net profit of Rs 49.14 crore in the same quarter a year ago, Dish TV said [...]

Indraprastha Gas Ltd Q1 Results: Net profit up 72%

Indraprastha Gas Ltd, the firm that retails CNG and piped cooking gas in the national capital, on Tuesday reported a 72 per cent rise in the June quarter net profit on the back of a rise in sales volume. Net profit of Rs 420.86 crore in April-June compared with Rs 244.29 crore in the corresponding [...]

Trident founder Rajinder Gupta to step down

Textile major Trident on Tuesday said its founder and chairman Rajinder Gupta has expressed his intention to step down as director and non-executive chairman of the company due to health issues and family commitments. Respecting the request received from Gupta to relieve him from his duties, the company's board commended the unparalleled contribution of the [...]

ABB India net profit more than doubles to Rs 147 cr in Jun qtr

ABB India on Tuesday said its net profit more than doubled to Rs 147 crore in the June quarter, mainly on the back of higher revenues. The company had reported a profit of Rs 68 crore in the quarter ended June 30, 2021, according to a company statement. Its total revenues rose to Rs 2,053 [...]

Tata Chemicals Q1 Results: Consolidated net profit jumps 86%

Tata Chemicals on Tuesday reported an 86.25 per cent increase in consolidated net profit at Rs 637 crore during the quarter ending June. The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, Tata Chemicals said in a regulatory filing. Revenue from operations of the company went up [...]

Natco Pharma Q1 Results: Consolidated net profit rise multifold to Rs 320.4 cr

Natco Pharma Ltd on Tuesday reported a multifold rise in consolidated net profit to Rs 320.4 crore for the first quarter ended June 30, on higher revenue from the pharmaceutical vertical. The company had posted a consolidated net profit of Rs 75 crore in the same period last fiscal, Natco Pharma said in a regulatory [...]

MRF Q1 Results: Consolidated profit declines 25.35%

Tyre maker MRF Ltd on Tuesday reported a 25.35 per cent decline in consolidated profit from continuing operations at Rs 123.6 crore in the first quarter ended June, impacted by higher raw material cost. The company, which had posted a consolidated profit for the period from continuing operations of Rs 165.58 crore in the year-ago [...]

Multibagger stocks with high ROCE to watch; Are you holding any?

Before investing in a stock, it is important to understand the financials of the company. One of the metrics that should be looked at is the Return on capital employed (ROCE).  The ratio helps to understand how well a company is generating profits from its capital as it is put to use. In other words, [...]

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". [...]

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 [...]

Frequently Asked Questions

1. What is Trade Brains News?

Trade Brains News offers fast and reliable business news, equity news, and stock market news for the readers. Trade Brains News is a Free stock news publication and provides daily national, international, and business news, tracks market movements, and detailed coverage of significant business events. 

2. What type of News do you get on Trade Brains News?

Trade Brains News offers a wide range of National and International business news and involves categories like Market Alerts, IPO News and Alerts, Stock & Share News, Corporate Announcements like Dividends News, Bonus Alerts etc, Indian corporate Quarterly & Annual result coverage, Commodity news, Economy news and more.

3. Why should you choose Trade Brains News?

Trade Brains News offers a one-stop solution for reading all the Indian Stock Market-related news. Whether it is daily Share Market movements, corporate announcements, New IPOs, or any other big stock market event, Trade Brains News has got all covered.

4. Where can you find Trade Brains News?

Trade Brains News is currently available on desktop and mobile versions and can be read by visiting the Trade Brains News section. 

5. Is Trade Brains News reliable?

Trade Brains offers fast and regular business news, particularly curated by the Trade Brains Editors. We offer hundreds of news daily so that the readers do not miss out on any significant market event. Trade Brains News is a reliable source for reading market news and the brand is available since 2017 with over half a million monthly readers.

6. How is Trade Brains News different from others?

Trade Brains News is expressly focused on providing Stock Market and Business News and ignoring all the irrelevant ones. By following Trade Brains News, the readers will be able to follow the stock market closely without missing any major event and by quickly accessing all the top news of the day.