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3 Stocks in which FIIs have increased their stake by up to 5% in Q3; Do you own any?
Foreign Institutional Investors are key entities in the financial market industry that invest their funds in a country outside of the one in which it is headquartered or registered. FIIs can include various market players such as hedge funds, insurance companies, pension funds, investment banks, and mutual funds. Here are 3 stocks in which FIIs [...]
Stocks to Watch: Wipro, BPCL and 3 other stocks that will trade ex-dividend next week
Dividends represent a portion of a company's profits distributed to its shareholders as a reward for their investment. These regular payments provide investors with a steady income stream and signal a company's financial health and stability. Understanding dividend policies and trends is crucial for investors seeking income and long-term wealth accumulation. Here are the five [...]
Stocks in which Vanguard Group bought fresh stakes in Q3
Vanguard Group with an AUM of about $10.1 trillion in global assets owns stakes in some Indian Listed companies. In the third quarter of fiscal year 2025 (Q3FY25), they made notable investments by acquiring fresh stakes in a variety of stocks. Vanguard’s strategic moves offer insights into market trends and investor sentiment. By adding new [...]
Alcohol stocks with PE less than industry average to keep on your radar
The Price-to-Earnings (P/E) ratio of a stock is a metric that compares a company's current share price to its Earnings per Share (EPS). It is commonly used to assess whether a company's stock is undervalued or overvalued by comparing its P/E ratio to the average P/E ratio of its industry. According to reports, India's alcohol [...]
Market leader stock with revenue guidance of ₹600 Cr for FY25 to keep an eye on
This Auto Component Market Leader stock deals in the business of manufacture, designs, and supply of Steel Wheel Rims and Alloy Wheels. The company has provided an update on revenue guidance and the order book for FY25. In this article, we will look at Steel Strips Wheels businesses, Business segments, financials, and outlook. Price Movement [...]
Are you paying more simply because you’re an iPhone user?
The initial discussion on price difference started when the price for an Auto ride was compared by an Uber user in Chennai and the photo was posted on X. Another X user from Mumbai showed the price for an auto ride for an iPhone user was Rs.342 and for Android, it was Rs.290 for the [...]
EMS stock to buy now for an upside of more than 30%; Do you own it?
The shares of one of the leading EMS companies in India specialized in the manufacturing of consumer durables, in focus after brokerage company Motilal Oswal initiated a Buy Target on it with a 33 percent Upside Potential. Price action With a market capitalization of Rs. 92,997 crores, the shares of Dixon Technologies (India) Limited are [...]
Pharma Stock jumps 4% after company’s net profit increases by 260% YoY
The shares of this mid-cap pharmaceutical company engaged in developing and manufacturing Active Pharmaceutical Ingredients (APIs) and Intermediates jumped 3 percent on Friday after the announcement of its Q3 results with a 259 percent rise in net profits year on year. Price Action With a market capitalization of Rs 32,969.59 crore, Laurus Labs Ltd rose [...]
EV stock under ₹100 jumps 3% after receiving approval to manufacture EVs
This EV stock which deals in the business of manufacturing and trading Electronic Vehicles, other related auto parts, and accessories including other renewable energies was up by 2 percent after the company received approval from NATRAX for Vehicle Manufacturing. Share Price Movement With a market capitalization of Rs. 1,638.52 Crores, the shares of Mercury EV-Tech [...]
NBFC stock jumps 13% after reporting 88% YoY increase in net profits
The shares of one of the Finance stocks specializing in offering a range of financial products and services including retail and corporate lending, investment banking, and asset management, jumped by 13 percent following the Q3 Results with an 88 percent rise in Profit YoY. Price action With a market capitalization of Rs. 14,979 crores on [...]
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Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
5paisa.com appoints former Google executive Narayan Gangadhar as CEO
Discount brokerage firm 5paisa Capital on Thursday said it has appointed former Google executive Narayan Gangadhar as Chief Executive Officer with immediate effect. Gangadhar has over two decades of experience, mostly with global technology companies like Google, Uber and Amazon. He is a Bachelor of Engineering from Mumbai University and a Master in Computer Science [...]
Strong performance of Indian banks to continue: S&P
S&P Global Ratings on Thursday said Indian banking sector profitability will stabilise at a healthy level, and asset quality will continue to improve. "Indian banks' earnings will likely remain healthy. The sector has improved substantially in the past seven years, from a period when many public-sector lenders were grappling with bad loans," S&P Global Ratings [...]
SBI penalised for sending bills to man despite credit card’s expiry
A Delhi consumer forum has directed the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him bill even after his card's expiry and blacklisting him for non-payment of the charges. The New Delhi District Consumer Disputes Redressal Forum comprising its president Monika A Srivastava and [...]
Kolte-Patil Developers Q4 Results: Consolidated net profit jumps over 4-fold YoY
Realty firm Kolte-Patil Developers Ltd on Thursday reported a more than four-fold jump in its consolidated net profit to Rs 120.8 crore for the March 2023 quarter on higher income. Its net profit was Rs 26.68 crore in the year-ago period. The total income also jumped over two-fold to Rs 804.42 crore in the fourth [...]
Penny stock jumps more than 10% after receiving orders worth ₹ 155 million
Shares of Vikas Lifecare climbed 10.91% by Thursday’s closing bell to reach an intraday high of ₹ 3.05 apiece, after the company received a huge order. Vikas Lifecare is engaged in the business of polymer, rubber compounds and additives for plastics, synthetic and natural rubber. Additionally, it is also a del-credere agent of ONGC (Oil [...]
4 BSE 500 stocks that made a new 52 week high today; Are you holding any?
Introduction The benchmark indices closed in the green today, with the Sensex gaining 98 points, equating to 0.16 percent, currently standing at Rs 61,872.62 and the BSE 500 index closed in the green by gaining 66 points, or 0.27 percent. Over the last year, BSE 500 index has returned 13 percent, and these four companies [...]
Multibagger stock hits all time high after company announces robust results and 2:5 bonus
Shares of Aptech Ltd surged 9 percent on Thursday’s Early Trades to reach a record high of ₹ 528.00 apiece on the Bombay Stock Exchange (BSE), after the company reported robust results for the quarter and year ended on March 31, 2023 and declared a bonus issue. At 01:15 PM, its shares were trading 6.41 [...]
Textile stock falls nearly 9% company reports net profit decline of 28% in Q4
The shares of Trident Ltd. fell as much as 9% during the first half of the trading session on Thursday, touching a low of Rs 32.10 apiece. The decline in share price comes on the back of weak results announced by the company for the quarter ending March 2023. The company reported a net profit [...]
Stock jumps more than 7% after company turns profitable after incurring losses in 3 Qtr’s
Shares of Piramal Pharma Ltd., surged 13% on Thursday to reach an intraday high of ₹ 83.95 apiece from the previous close price of ₹73.90. At 14.00 am, the stock was trading at Rs 79.75 on the BSE, up 7.84 percent from its previous close. One of the probable reasons for the stock to hit [...]
Pricol moves Madras HC challenging validity of Minda’s application to CCI to buy 24.5% stake
Auto components maker Pricol Ltd on Thursday said it has moved the Madras High Court challenging the validity of the application of rival Minda Corporation to the Competition Commission of India to acquire a 24.5 per cent stake in it. Minda Corporation had earlier this month decided to approach the CCI to increase its stake [...]
Fundamentally strong stock to buy now for an upside of more than 20%
PI Industries is engaged in the business of - Agri inputs, fine chemicals, and (CRAMS) contract research and manufacturing services. and it is a leading player in the agrochemicals space, having a solid presence in domestic and export markets. Shares of PI Industries Ltd. were trading at ₹ 3455.10 gaining 1.06 % on Thursday’s trading [...]
Stock jumps up to 7% after company reports 312% increase in net profit; Here are the details
Shares of Wonderla Holidays, India’s largest amusement park, gained 7.07 percent on Thursday’s early trades to reach an intraday high of ₹ 498.00 apiece after the company reported robust results for the quarter and year ended on March 31, 2023. Wonderla Holidays is primarily engaged in the business of amusement parks and resorts. Some of [...]
Pharma stock jumps 7% after company announces 462.50% dividend and 1:2 stock split
With a market capitalization of Rs 15,993 crore, J B Chemicals and Pharmaceuticals Ltd. shares surged 8% on Thursday to reach an intraday high of ₹ 2080 apiece from the previous close price of ₹1923. At 12.16 am, the stock was trading at Rs 2053.50 on the BSE, up 7 percent from its previous close. [...]
3 Small cap stocks with a high Dividend Yield of more than 4%; Do you hold any?
The ‘Dividend Yield’ is a ratio that portrays how much income is earned by way of dividends per year for every dollar that is invested in a stock, an exchange-traded fund (ETF), or a mutual fund. Listed below are 4 Small-cap stocks with a Dividend Yield of more than 4 percent: National Aluminium Company Limited [...]
BSNL 4G to go live in next 2 weeks; 5G by December: Vaishnaw
BSNL has started rolling out of 4G network with 200 sites, and after a three-month trial, it will launch an average of 200 sites per day, Union IT and Communications Minister Ashwini Vaishnaw said on Wednesday. The minister said the 4G network of BSNL will be upgraded to 5G by November-December. "The 4G-5G telecom stack [...]
Bank of Maharashtra tops PSU lenders chart in profit and loan growth in FY23
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23. The Pune-headquartered lender also recorded highest growth in profitability with bottomline growing almost 126 per cent to Rs 2,602 crore during the year. However, all the 12 public [...]
APM Terminals Pipavav Q4 Results: Consolidated net profit rises 31% YoY
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on Wednesday reported a 31 per cent rise in consolidated net profit at Rs 98.13 crore for the fourth quarter of the year ended March 2023. The company had reported a profit of Rs 75.09 crore in the corresponding period a year ago. According to a company statement, revenue from [...]
Cummins India Q4 Results: PAT grows 61% YoY
Engine maker Cummins India on Wednesday reported a 61 per cent jump in consolidated profit after tax to Rs 348.91 crore in the March 2023 quarter. The Pune-based company and a part of the Cummins Group had posted a PAT of Rs 216.27 crore in the quarter ended March 2022, according to a regulatory filing. [...]
ACC and Ambuja Cement launches Cement & Concrete Research Development facility
Adani Group-owned ACC and Ambuja Cement have launched a Cement and Concrete Research & Development facility at Kalamboli, Navi Mumbai. The newly established R&D facility will help Ambuja and ACC drive progress, enhance cost optimization, and create sustainable solutions to shape the future of the cement industry, said a statement. A focus on new product [...]
Markets fall in early trade; turn volatile later
Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows. The 30-share BSE Sensex fell 75.1 points to 61,698.68 in early [...]
LIC Q4 Results: Consolidated net profit surges over 5-fold YoY
Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. The insurer had earned a profit of Rs 2,409 crore in the same quarter a year earlier. However, the total income of the insurer during the March quarter declined [...]
Energy stock jumps 7% after company secures order to develop wind power project from Torrent Power
Shares of Suzlon Energy soared 8 percent on Wednesday after the renewable energy solutions provider announced that it has bagged its largest order for the new Suzlon 3 MW series from Torrent Power. In a press release, Suzlon said that it won a major order for its 3 MW series of wind turbines, to develop [...]
Govt working to reduce logistics cost to 9% of GDP : Gadkari
The government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister Nitin Gadkari said on Wednesday. Speaking at an event organised by industry chamber CII, the Road, Transport and Highways Minister further said India's exports will increase when [...]
Seven of ten Adani Group stocks end lower after 3 days of rally; Adani Enterprises falls nearly 6%
Seven of the ten Adani Group stocks ended the day in the negative territory, with Adani Enterprises falling nearly 6 per cent, after rallying for the past three days as a Supreme Court-appointed panel found no evidence of stock price manipulation in the group companies. Adani Enterprises stock tumbled 5.90 per cent on the BSE. [...]
India Cements on the ‘verge’ of monetising some assets: N Srinivasan
Cement manufacturer The India Cements Ltd was in discussions with interested parties and "on the verge" of monetising its assets in Tamil Nadu, part of the proceeds of which would go towards reducing its total debt by Rs 500 crore, a top official said on Wednesday. The company's Vice-Chairman and Managing Director N Srinivasan said [...]
Market value of LIC investment in Adani stocks hits Rs 44,670 cr
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose from the lows seen in the aftermath of the Hindenburg report. The country's largest insurer and leading institutional investor in the Adani group has seen [...]
Brigade Enterprises Q4 Results: Consolidated net profit at Rs 63 cr
Realty firm Brigade Enterprises Ltd on Wednesday reported a consolidated net profit of Rs 63 crore for the quarter ended March 2023. The company posted a net loss of Rs 11.63 crore in the year-ago period. Total income fell to Rs 872.11 crore in the fourth quarter of the last fiscal from Rs 964.72 crore [...]
Hitachi Energy Q4 Results: Net profit dips 1.68% YoY
Hitachi Energy on Wednesday said its net profit dipped 1.68 per cent to Rs 50.81 crore in March quarter 2022-23. The company reported a net profit of Rs 51.68 crore for the year-ago period, according to a BSE filing. Total income rose to Rs 1,336.30 crore from Rs 1,142.13 crore in the same period a [...]
Small Cap stock jumps after company announces a 1:1 bonus issue; Check the details
With a market capitalization of ₹ 1,624 crores, Vardhman Special Steels is a small-cap stock. The company is engaged in manufacturing billets, steel bars & rods and bright bars of various categories of special and alloy steels. It has announced a bonus issue of equity shares to investors in the ratio of 1:1. This means [...]
India Cements posts Q4 Results: Standalone net loss of Rs 217.79 cr
Cement manufacturer The India Cements Ltd has reported a standalone net loss at Rs 217.79 crore for the fourth quarter ending March 31, 2023, which the company attributed to the record increase in the cost of fuel and power. The city-based company had registered a standalone net loss of Rs 23.71 crore during the corresponding [...]
Stock markets halt three-day gaining streak on weak global trends
Benchmark stock indices closed lower on Wednesday, snapping their three-day gaining streak following profit-taking in financials, metal and oil shares amid a bearish trend in the global markets. The 30-share BSE Sensex fell 208.01 points or 0.34 per cent to settle at 61,773.78 in volatile trade. The index opened lower but bounced back in late-morning [...]
Penny stock jumps more than 9% after FIIs increase stake by 1.28%; Check the details
Shares of Mishtann Foods jumped 9.6% on Wednesday’s intraday trades to reach a high of ₹ 7.78 per share on the Bombay Stock Exchange (BSE) amid multiple factors driving the rally. The company wants to expand its footprint in Africa and has plans to launch new products. Moreover, FIIs increased their stake in the company, [...]
Next print of inflation likely to be lower than 4.7%; no room for complacency: RBI Governor
Reserve Bank Governor Shaktikanta Das on Wednesday said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency and the war on inflation will continue. Retail inflation fell to an 18-month low of 4.7 per cent in April, mainly due to cooling [...]
Hindalco Industries Q4 Results: Consolidated net profit falls 37% YoY
Hindalco Industries Ltd on Wednesday reported a 37 per cent fall in its consolidated net profit to Rs 2,411 crore for the March quarter. The company had posted a net profit of Rs 3,860 crore during the January-March quarter of 2021-22, the company said in a regulatory filing. Total income of the company was Rs [...]
Airlines stock rise over 8% after falling for six straight sessions; Here’s why
Shares of Spicejet Ltd. surged 8% on Wednesday to Rs 26.09 apiece from the previous close price of ₹ 24.20. One of the probable reasons for the stock price to surge today is the company's positive announcements, to restore four of the 25 grounded aircraft by June 15, as well as the announcement of a second pay [...]
Pausing interest rate hike not in my hands, depends on on-ground situation: RBI Guv Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Wednesday said the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground. In April, the Reserve Bank in a surprise move hit the pause button and decided to keep the key benchmark policy rate at 6.5 per [...]
Small cap stock falls up to 8.5% after promoters plans to sell a stake of 24.28%
Multinational packaging firm and leading PET film manufacturer Polyplex Corporation’s shares tanked 8.52 percent on Wednesday’s trades to reach an intraday low of ₹ 1389.90 apiece on the National Stock Exchange (NSE), after its profits nose-dived and its promoters agreed to sell more than a 24 percent stake in the company. At 12:39 PM, the [...]
JSW Ventures sells part of its holding in e-commerce firm Purplle to Abu Dhabi Investment Authority
JSW Ventures on Wednesday said it has sold a part of its holding in e-commerce firm Purplle to Abu Dhabi Investment Authority (ADIA). "The partial exit in Purplle has generated 18x return on the capital invested," JSW Ventures said in a statement. The company, however, did not disclose any financial details of the transaction. In [...]
Stock to Buy: Mid cap stock that can deliver returns of more than 40%
Crompton Greaves Consumer Electricals Limited is engaged in the business of manufacturing, trading, selling, and distributing fans, lighting, pumps, and appliances. The company is a public limited company incorporated and domiciled in India and has its registered office in Mumbai, India. Shares of Crompton Greaves Consumer Electricals Ltd. were trading at ₹ 277.10 gaining 4.13 [...]
Mid cap stock jumps 9% after robust results and reappointment of director for 2nd term
Shares of Dixon Technologies zoomed 9.38% on Wednesday’s early trades to reach an intraday high of ₹ 3583.00 apiece after the company reported its results for the last quarter of the financial year 2022-23. In the past five days, its share price increased by 19.15%. Dixon Technologies (India) Ltd is one of the largest home-grown [...]
Stock jumps more than 8% after company reports 62,750% increase in net profit
Shares of Schneider Electric Infrastructure Ltd. (SEIL) surged 8% on Wednesday to Rs 205.55 apiece from the previous close price of ₹ 188.50. One of the probable reasons for the stock price to surge today is the company's recent announcement of strong Q4 FY 22-23 earnings. The company reported a 62750 percent increase in net [...]
Large Cap stock gets a buy call with an upside of 22% after company’s net profit jumps 168%
Shares of Bharat Petroleum Corporation Ltd (BPCL) were in the green after the company reported robust results for the quarter and year ended on March 31, 2023. Its shares were trading at ₹ 366.50 apiece on Wednesday’s early trades. Surprising the street, BPCL posted better-than-expected results for the March quarter. On a consolidated basis, it [...]
4 Multibagger Mid cap stocks with high Promoter Holding to add to your watchlist
What are ‘Mid-cap’ stocks? As per the latest reclassification of the threshold market capitalization of small, mid, and large-cap companies, Mid-cap stocks represent the stocks of companies having a market capitalization between Rs 16,800 crores to Rs 48,900 crores. In the past few years, mid-cap stocks have proven to be significantly better than the remaining [...]
JSW Energy Q4 Results: Consolidated net down over 68% YoY
Private power producer JSW Energy on Tuesday reported over 68 per cent dip in its consolidated net profit to Rs 272 crore in the March quarter of 2022-23 compared to the year-ago period. JSW Energy had reported a consolidated net profit of Rs 864 crore in the quarter ended on March 31, 2022, mainly due [...]
Dynamic Cables Q4 Results: Consolidated net profit grows 18% YoY
Dynamic Cables on Tuesday said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing. The company's total [...]
NMDC Q4 Results: Consolidated net profit grows 22% YoY
NMDC Ltd on Tuesday said its consolidated net profit rose over 22 per cent to around Rs 2,276.94 crore during the quarter ended March. It had clocked a net profit of Rs 1,862.09 crore in the January-March quarter of FY22, the company said in a regulatory filing. However, the company's total income fell to Rs [...]
Akzo Nobel India Q4 Results: Consolidated net profit rises 27% to Rs 95.4 cr
Paints and coatings maker Akzo Nobel India Ltd on Tuesday reported a 27.7 per cent increase in its consolidated net profit to Rs 95.4 crore for the fourth quarter ended on March 31, 2023, helped by softening of raw material prices and cost management initiatives. The company had posted a net profit of Rs 74.7 [...]
Dixon Technologies Q4 Results: Consolidated net profit climbs 27.7% YoY
Dixon Technologies (India) Ltd on Tuesday reported a 27.7 per cent rise in consolidated net profit at Rs 80.62 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 63.13 crore for the January-March period a year ago, the electronic manufacturing services firm said in a BSE [...]
Biocon Q4 Results: Consolidated net profit rises 31% YoY
Biotechnology major Biocon on Tuesday said its consolidated net profit increased 31 per cent to Rs 313 crore for the March quarter on the back of robust sales. The company had reported a net profit of Rs 239 crore in the January-March quarter. Total revenue increased to Rs 3,929 crore in the fourth quarter of [...]
Dish TV CEO Atul Dua to quit, Co proposes Manoj Dobhal new chief
Dish TV on Tuesday proposed to appoint Manoj Dobhal as the new CEO of the company as incumbent Anil Dua has decided to quit the direct-to-home company. Dobhal is the current Chief Operating Officer (COO) of the company. Dish TV is embroiled in a tussle between its largest shareholder Yes Bank Ltd (YBL) and the [...]
Adani Green Energy board meet cancelled for 2nd time
Adani Green Energy on Tuesday said that its board meeting scheduled for May 24 to has been cancelled due to non-availability of directors. The board meeting to consider fundraising proposals has been cancelled for the second time this month. The company in a filing stated that on account of the non-availability of Directors, the meeting [...]
Fortis Q4 Results: Consolidated net profit rises 59% YoY
Fortis Healthcare on Tuesday said its consolidated net profit increased 59 per cent to Rs 138 crore for the March quarter, on the back of strong performance in the hospital business. The healthcare major had reported a net profit of Rs 87 crore in the January-March quarter of 2021-22 fiscal. Total income rose to Rs [...]
Stock markets fall in early trade on weak global trends
Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes. Halting a three-day rally, the 30-share BSE Sensex fell 251.26 points to 61,730.53. [...]
Ashok Leyland Q4 Results: Consolidated net profit jumps 5 folds YoY
Commercial vehicles maker Ashok Leyland on Tuesday reported an over five-fold jump in consolidated net profit at Rs 802.71 crore for the fourth quarter ended March 31, 2023 riding on robust sales. The company had posted a consolidated net profit of Rs 157.85 crore for the same quarter previous fiscal, Ashok Leyland said in a [...]
Large cap stock declares dividend of 1850% and sets record date; Are you holding it?
Mining Major Vedanta Ltd said that its board of directors has approved the first interim dividend for the financial year 2023-24. Its shares closed at ₹ 288.60 apiece on the National Stock Exchange (NSE). The Mumbai-based company’s board on Monday approved a dividend of ₹ 18.50 per equity share. This dividend is equal to 1850% [...]
Sansera Engineering Q4 Results: Consolidated net profit dips 5% YoY
Sansera Engineering on Tuesday said its consolidated net profit dipped five per cent to Rs 35.42 crore in the March quarter. The consolidated net profit of the company was Rs 37.36 crore in the quarter ended on March 31, 2022, a company statement said. Total income increased to Rs 623.04 crore in the quarter under [...]
Infosys announces AI-first offering Topaz to accelerate business value for global enterprises
India's second-largest IT services company Infosys on Tuesday launched Topaz, an AI-first set of services, solutions and platforms using generative Artificial Intelligence technologies, and said the 'responsible by design' approach ensures uncompromising ethics, trust, privacy, security and compliance. Topaz leverages Infosys applied AI framework to build an AI-first core that empowers people to deliver cognitive [...]
Stock markets settle with marginal gains amid weak global cues
Benchmark indices Sensex and Nifty eked out gains in volatile trade to extend the winning streak to a third straight day on Tuesday amid weak trends in global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes. Fag-end volatility dragged the [...]
NBFC stock hits 52 week high after company’s net profits increases by 1,660%
Shares of Fusion Micro Finance Limited closed today at a price of Rs 493, gaining around 3 percent as compared to the previous closing price of Rs 479.60. The scrip touched its 52-week high mark at a price of Rs 519.80. In the last one-month period, the stock has moved up nearly 22 percent ranging [...]
Garware Technical Fibres Q4 Results: Consolidated PAT up 11% YoY
Technical textiles manufacturer Garware Technical Fibres on Tuesday reported an 11 per cent growth in consolidated profit after tax (PAT) at Rs 59.6 crore during the quarter ended March 31. The company's PAT stood at Rs 53.9 crore during the corresponding quarter of the previous fiscal, Garware Technical Fibres said in a regulatory filing. Revenue [...]
Multibagger stock delivers 23,894% returns and turns ₹ 1 lakh to ₹ 2.39 Cr in 3 years
With a market capitalization of ₹ 2547 crores, SG Finserv (formerly Moongipa Securities Ltd) is engaged in the business of investing activities, investment research, investment banking and wealth management. The company’s share price increased from ₹ 65.75 to ₹ 647.85 in the past year, delivering multibagger returns of 885.32 percent. Therefore, if an investor had [...]
Stock slips up to 5% on after company reports 76% drop in Profit After Tax; Check the details
Stocks of Finolex Industries Limited are in the red today and currently trade at Rs 181.35, slipping 5 percent as compared to the previous closing price of Rs 190.90. The company, through a regulatory filing with the BSE, announced its financial results for Q4 as well as for FY2022-23. Facts and figures of the same [...]
Ashish Kacholia buys 5% stake in this multibagger stock with 133% returns
With a market capitalization of ₹ 291.00 crores, DU Digital Global is a micro-cap company listed on the National Stock Exchange (NSE). Incorporated in 2007, the company is engaged in the business of Visa Processing Services to embassies of various countries. It manages the human interface between the visa applicant and the technical visa processing [...]
Bajaj Electricals Q4 Results: Consolidated net profit rises 34% YoY
Bajaj Electricals on Tuesday reported 34.08 per cent rise in consolidated net profit at Rs 51.85 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 38.67 crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Revenue from operations was up at Rs 1,473.54 [...]
2 Penny stocks that delivered multibagger returns of up to 4,425% in 6 months
Penny stocks are relatively inexpensive. While they lack liquidity in their stocks, they also have low market capitalizations. Such stocks are more susceptible to market-changing conditions. Many investors avoid these stocks due to their poor fundamentals and unreliable businesses. Some penny stocks, on the other hand, are recognized for producing multi-bagger returns. Here are the [...]
Small cap stock falls up to 6.5% after company posts 14% dip in standalone net profit in Q4
Shares of HEG Limited opened its trading hour at Rs 1,190.20 and currently trades at Rs 1,182, slipping nearly 6.5 percent as compared to the previous closing price of Rs 1,260.90. The company has a market capitalization of Rs 4,556 crores. Yesterday, the company announced financial results for Q4 as well as for FY22-23. Details [...]
Stocks to Watch: 3 Mid cap stocks with a High Piotroski score of 9
The Piotroski score is a discrete score between zero and nine, that is used to determine the strength of a company’s financial position. It considers parameters such as profitability, liquidity, operating efficiency, cash flows, and debt situation. The score is used to screen stocks and find value stocks. One point is awarded for every parameter [...]
NBFC stock gains more than 7% after company reports 55% increase in net profit and revenue
Shares of Capri Global a Non-Banking Financial Company (NBFC) appreciated to the tune of 7.34% on Tuesday’s early trades to reach an intraday high of ₹ 725.00 apiece on the National Stock Exchange (NSE) following its strong results. At 12:11 Pm, its shares were trading 5.16% higher at ₹ 710.25 apiece. On a consolidated basis, [...]
Agrochemical stock jumps up to 18% after company’s net profit jumps 120% in Q4
Shares of Nacl Industries Ltd. surged 18% on Tuesday to reach an intraday high of ₹ 102.00 apiece from the previous close price of ₹ 86.55. One of the probable reasons for the stock price to surge today is the company's recent announcement of strong Q4 FY 22-23 earnings. The company's net profit for the [...]
Venus Remedies gets GMP certification from Kenya for production facilities in Baddi
Pharma major Venus Remedies on Tuesday said it has secured a good manufacturing practices (GMP) certification from Kenya for all its production facilities at Baddi, in Himachal Pradesh. The Pharmacy and Poisons Board (PPB) of the Kenyan Health Ministry granted the certification following a rigorous audit of the company's production facilities in Baddi, a company [...]
Kalpataru Power Transmission rechristened as Kalpataru Projects International
Kalpataru Power Transmission Ltd (KPTL) on Tuesday announced changing its name to Kalpataru Projects International Ltd. The name was changed after the receipt of approvals from shareholders and regulatory authorities including Ministry of Corporate Affairs, a company statement said. The name change is effective from May 22, 2023 and the company will henceforth operate under [...]
JSW Steel to acquire 100% stake in NSAIL for Rs 621 cr
JSW Steel on Monday said NCLT-Mumbai has approved Rs 621-crore resolution plan submitted by its subsidiary JSW Steel Coated Products Ltd (JSWSCPL) for debt-laden National Steel and Agro Industries Ltd (NSAIL). "We now inform you that the written order of NCLT approving the resolution plan has been received," JSW Steel said in a BSE filing. [...]
ABFRL Q4 Results: Consolidated net loss at Rs 194.54 cr
Aditya Birla Fashion and Retail Ltd on Monday reported a consolidated net loss of Rs 194.54 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 31.90 crore during the January-March quarter of the previous fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. [...]
GQG Partners buys Max Healthcare shares for Rs 415 crore
GQG Partners on Monday acquired shares of hospital chain Max Healthcare Institute for Rs 415 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), GQG Partners Emerging Markets Equity Fund bought 75,50,000 lakh shares of the firm. The shares were purchased at an average price [...]
Muthoot Capital Services Q4 Results: Net profit at Rs 25.96 cr
Non-bank lender Muthoot Capital Services has reported a profit of Rs 25.96 crore for the March quarter. The listed entity of Muthoot Pappachan Group had reported a loss of Rs 151.83 crore in the year-ago period. The total income grew 7 per cent to Rs 115.6 crore in the reporting quarter, as against Rs 109.16 [...]
Spencer’s Retail Q4 Results: Consolidated net loss widens YoY to Rs 61.22 cr
RP-Sanjiv Goenka Group arm Spencer’s Retail Ltd on Monday said its consolidated net loss widened to Rs 61.22 crore for the fourth quarter ended March 2023. The company had posted a net loss of Rs 42.47 crore in the January-March period a year ago, Spencer’s Retail said in a regulatory filing. Its revenue from operations [...]
EIH Q4 Results: PAT jumps multi-fold YoY to Rs 92 cr
Hospitality firm EIH Limited on Monday said its consolidated profit after tax in the fourth quarter ended March grew multifold to Rs 92 crore over the year-ago quarter. Profit after tax grew to Rs 329 crore in FY23 as against the previous year, the company said in a statement. Its consolidated revenue stood at Rs [...]
BPCL Q4 Results: Standalone net profit more than doubles on higher refining, marketing margins
Bharat Petroleum Corporation Ltd on Monday said its net profit more than doubled in the March quarter on the back of a recovery in fuel marketing margins and better refining margins. The company's standalone net profit at Rs 6,478 crore in the January-March quarter compares to Rs 2,501 crore in the same period a year [...]
Indiabulls Housing finance Q4 Results: Consolidated net profit declines 14% YoY
Indiabulls Housing Finance Limited on Monday posted a 14 per cent decline in consolidated net profit to Rs 263 crore for the March quarter. This company had earned a net profit of Rs 307 crore in the year-ago period. Its revenue from operation fell to Rs 2,077 crore for the March quarter as compared to [...]
Govt cuts FAME-II subsidy on electric 2-wheelers from June
The government has reduced the subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1, 2023. The Heavy Industries Ministry notified the changes. For electric two-wheelers, the demand incentive will be Rs 10,000 per kWh. The cap on incentives for electric [...]
ITC sets up consumer goods manufacturing unit in Odisha’s Khurda, CM inaugurates
Odisha Chief Minister Naveen Patnaik on Monday inaugurated ITC's integrated consumer goods manufacturing and logistics facility at Khurda. Congratulating ITC CMD Sanjeev Puri, Patnaik urged him to expand the company's footprint in the state. He reiterated the state government's commitment to making Odisha the next industrial hub in the country. The Industrial Policy Resolution (IPR) [...]
Markets rally for 3rd day running; Sensex climbs over 62,000 level in early trade
Benchmark indices began the trade on a positive note on Tuesday, rallying for the third day running, amid fresh foreign fund inflows and continuous buying in IT counters. The 30-share BSE Sensex climbed 187.61 points to 62,151.29 in early trade. The NSE Nifty advanced 69.35 points to 18,383.75. Among the Sensex firms, Infosys, Bajaj Finserv, [...]
SJVN Q4 Results: Consolidated net profit grows over two fold YoY to Rs 17 cr
State-owned SJVN's consolidated net profit jumped over two-fold to Rs 17.21 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 7.49 crore in the January-March quarter of the preceding financial year (FY22), the company said in a regulatory filing on Monday. The company's total income [...]
Welspun Corp’s associate firm gets steel pipe supply order from Saudi Aramco
East Pipes Integrated Company for Industry (EPIC), an associate company of homegrown Welspun Corp Ltd (WCL), has secured an order worth SAR (Saudi riyal) 1.8 billion from Saudi Aramco. "This is one of the single largest orders for EPIC from Saudi Aramco and represents the major share of the first package of the Master Gas [...]
JSW Steel, Japan’s JFE Steel ink agreement to manufacture electrical steel in India
JSW Steel and JFE Steel have signed an agreement to set up a JV company to manufacture the entire range of cold rolled grain-oriented electrical steel (CRGO) products at Vijaynagar in Karnataka. In 2021, JSW Steel and Japan's JFE Steel signed a memorandum of understanding (MoU) to conduct a joint feasibility study to establish a [...]
Stocks to Buy: 5 PSU Bank stocks to Buy now with an upside of up to 35%
Bringing back demonetisation memories, the Reserve Bank of India (RBI) withdrew ₹ 2,000 notes from circulation, in line with its Clean Note Policy. People can exchange or deposit them in their bank accounts by September 30, 2023, however, they will continue to remain a legal tender. "On a net basis, it is likely that deposits [...]
Sensex, Nifty rise for 2nd day on gains in RIL, IT stocks
Benchmark equity indices Sensex and Nifty rallied for a second straight session on Monday following buying in index heavyweight Reliance Industries and IT stocks amid optimism in Asian markets. The 30-share BSE Sensex climbed 234 points or 0.38 per cent to settle at 61,963.68 as 19 of its components closed in green. During the day, [...]
BLS International signs visa outsourcing contract with Spanish govt for another term
BLS International on Monday said Ministry of Foreign Affairs, European Union, and Cooperation (MAEUEC) of Spain has awarded it the global contract for visa application outsourcing for the second time in a row. BLS International is into visa and consular services. The contract covers Europe, the Americas, Latin America, the CIS, Africa, the Middle East, [...]
Keystone Realtors Q4 Results: Consolidated net profit up 82% YoY
Keystone Realtors on Monday reported 82 per cent increase in consolidated net profit at Rs 76.59 crore for March quarter 2022-23 on better income. Its net profit stood at Rs 42.03 crore in the year-ago period. Total income of the Mumbai-based firm rose to Rs 357.63 crore from Rs 247.92 crore in the year-ago period, [...]
CESC Q4 Results: Net profit remains flat at Rs 445 cr
Power utility CESC Ltd on Monday posted a flat consolidated net profit of Rs 445 crore during the quarter ended March 31, 2023. Its profit in January-March 2022 was at Rs 445 crore, the company said in a BSE filing. The company's total income was at Rs 3,208 crore in the quarter, higher than Rs [...]
TCS partners with Google Cloud for generative AI offerings
Tata Consultancy Services has expanded its partnership with Google Cloud for generative AI offerings, the company said on Monday. Under the partnership, TCS will leverage Google Cloud's generative AI services to design and deploy custom-tailored business solutions for the clients. "Our launch partnership with Google Cloud on generative AI enables us to rapidly create value [...]
Reliance Power offers Rs 1,200 cr to settle debt of Butibori power project
Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) proposal to the lenders of its subsidiary Vidarbha Industries Power Ltd (VIPL) to settle its debt, sources aware of the matter said. As per the proposal, the company has offered to pay around Rs 1,200 crore in upfront cash to the lenders which include [...]
ONGC, Oil India in talks for 50% stake in $3.4 bn Kenya oilfield, Chinese firm enters fray
India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 per cent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo [...]
L&T bags orders worth over Rs 2,500 cr in India, abroad
Larsen & Toubro (L&T) on Monday said it has bagged large orders worth over Rs 2,500 crore in the domestic and offshore markets. The power transmission & distribution (PT&D) business of its arm Larsen & Toubro Construction has secured large orders to be set up on engineering, procurement and construction (EPC) basis, it said in [...]
Sri Lanka to complete domestic and external debt reworking by September: President Wickremesinghe
President Ranil Wickremesinghe has said that Sri Lanka's debt restructuring programme will be completed by September this year and its bankrupt economy will be brought to a stable level, a media report said on Monday. Debt-ridden Sri Lanka is still struggling to normalise its crisis-hit economy after it declared its first-ever debt default in April [...]
Sun Pharma Advanced Research Q4 Results: Net loss widens to Rs 81.99 crore
Sun Pharma Advanced Research Company Ltd on Monday said its net loss widened to Rs 81.99 crore in the fourth quarter ended March 2023, impacted by higher expenses. The company had posted a net loss of Rs 71.05 crore in the same period previous fiscal, Sun Pharma Advanced Research Company said in a regulatory filing. [...]
Speciality Chemical stock plunges up to 18.5% after dismal Q4 earnings and CFO’s resignation
Shares of Balaji Amines Ltd a speciality chemical company plunged 18.5% on Monday’s early trades following the resignation of its Chief Financial Officer (CFO), Hemanth Reddy Gaddam on Saturday. Its shares opened at ₹ 2306.50 on Friday and reached a 52-week low of ₹ 1880.00 on Monday. They were trading at ₹ 2089.55 apiece, down [...]
5 Small cap stocks that delivered multibagger returns of up to 200% in a year
Small-cap stocks represent the market's most numerous firms. In fact, small-cap companies dominate large- and mid-cap stocks combined. Small-cap stocks offer distinct risks and benefits for investors compared to their bigger counterparts due to their size. As a result, small-cap stocks may have higher-than-average volatility, which is just another way of saying that they undergo [...]
Suzlon bags 204 MW order from Serentica Renewables
Renewable energy solutions provider Suzlon has bagged a 204 MW wind energy project from Serentica Renewables. "Suzlon Group has bagged a significantly large order for its 3 MW series of wind turbines from Serentica Renewables - a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries," a company statement said. The company, [...]
Healthcare stock jumps up to 11% to reach new 52 week high after company reports strong Q4 results
The shares of Narayana Hrudayalaya Ltd. shot up by 11% for a price of ₹856.00, reaching a 52-week high on Monday's session. One of the probable reasons for the stock to hit a high price is the company's recent announcement of strong Q4 FY 22-23 earnings. The company posted a 29.9 percent growth in revenue [...]
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