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Cement stock jumps 7% after it beats market estimates in Q3 earnings
India’s largest cement company with a market capitalization of 326,000 Crores is up 7% after announcing its Q3FY25 Results. The stock rallied as it beat street estimates, despite reporting a 14% decline in net profits YoY. Q3FY25 Results Ultratech Cement reported a 3% year-on-year increase in total revenue from 16,880.45 Cr in Q3FY24 to 17,437.62 [...]
PSU stock falls 4% after the company announce Q3 results; Should you buy or sell?
The shares of one of the leading PSU stocks specializing in the refining, marketing, and distribution of petroleum products fell by 4 percent following the Q3 Results with 1.91 percent decline in Income YoY. Price action With a market capitalization of 1,20,480 Crores on Thursday, the shares of Bharat Petroleum Corporation Limited is down by [...]
Waste management stock jumps 3% after receiving ₹514 Mil contract from Jaipur Development Authority
The shares of one of the Waste Management stocks specializing in infrastructure projects jumped 3 percent, upon receiving a contract of Rs. 513.99 million from Jaipur Development Authority. Price action With a market capitalization of Rs. 3,117.97 crores on Thursday, the shares of Vishnu Prakash R Punglia Limited is up by 2.86 percent making a [...]
Tata group stock jumps after company announces to restructures its commercial vehicle segment
The commercial vehicle (CV) segment of India’s auto sector plays a crucial role in the country's logistics, infrastructure, and industrial development. With the growing demand for freight transportation, e-commerce, and infrastructure projects, the sector is expected to witness substantial growth. Major companies operating in this space include Tata Motors, Ashok Leyland, Eicher Motors, and Mahindra [...]
Realty stock to buy for an upside potential of more than 40%; Are you holding it?
In Thursday’s trading session, the shares of one of the leading real estate development companies in the country, jumped nearly 5 percent after Axis Direct initiated a Buy target with a 45 percent upside potential. Price action With a market capitalization of Rs 66,208.33 crores, the shares of Oberoi Realty Limited jumped 4.9 percent to [...]
Nifty 50 stocks with low violatility and beta less than 1 to add to your watchlist
Beta is a financial metric that measures the volatility or risk of an individual stock or asset in relation to the overall market. It indicates how much a stock’s price is expected to change in response to market movements. A beta of 1 means the stock moves in line with the market, while a beta [...]
3 Fundamentally strong stocks jumps after taking support at key Fibonacci retracement levels
To trade using Fibonacci retracement, identify a strong price movement (uptrend or downtrend) on the chart. Draw the Fibonacci retracement levels between the swing high and the swing low. Common levels to watch are 38.2%, 50%, 61.8%, and 78.6% as these often act as support or resistance. When the price approaches these levels, look for [...]
Adani Group stock jumps 3% after its net profit increases by 80% YoY
This Adani Group stock which deals in the business of various energy domains such as power transmission, distribution, cooling solutions, and smart metering was up by 2 percent after announcing a net profit jump of 79 percent year on year. Price Movement In Thursday’s trading session, Adani Energy Solutions Ltd's share price touched a day’s [...]
Pharma Stock jumps 10% after reporting 707% YoY increase in net profit
The shares of one of the Pharma stock specializes in the manufacturing and marketing of a wide range of pharmaceutical products jumps 10 percent, upon following their Q3 Results with 707 percent rise in profit YoY Price action With a market capitalization of Rs. 1,515.44 crores on Thursday, the shares of Jagsonpal Pharmaceuticals Limited is [...]
Bank stock to buy now for an upside of up to 40%; Do you own it?
Banks play a pivotal role in the economic development of a country, acting as intermediaries between savers and borrowers. They facilitate capital flow, promote savings, and provide loans, thereby stimulating business activities, consumption, and investment. With the rise of digital banking, banks have evolved to offer a range of services, including payments, wealth management, and [...]
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Sharp rebound in economy reflected in 2021-22, growth expected at 9.2%, says Finance Minister Nirmala Sitharaman. PTI JD ANZ MR MR
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Speed in coverage of vaccination has helped in economic recovery, says FM. PTI DP ANZ DP MR MR
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Tata Motors Q3 consolidated net loss at Rs 1,451 cr, revenue from operations at Rs 72,229 cr. PTI MSS RKL MR
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Top Editor’s Pick
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
Debt MFs attracts Rs 1.06 lakh cr in FY23; liquid funds account 60% inflow
After massive outflow in March, debt-oriented mutual funds witnessed a sharp turnaround in April as they attracted Rs 1.06 lakh crore with liquid schemes accounting for 60 per cent of the inflow. Barring credit risk and banking and PSU fund categories, all the other segments witnessed net inflows and expectedly, categories having shorter maturity profiles [...]
Kalyan Jewellers Q4 Results: Consolidated net profit dips 3.11% YoY
Kalyan Jewellers India Ltd on Monday posted a 3.11 per cent drop in its consolidated net profit at Rs 697.99 crore during the fourth quarter of the 2022-23 fiscal, largely due to higher expenses. The company had clocked a net profit of Rs 720.40 crore in the quarter ended March 31, 2022, according to a [...]
Patel Engineering Q4 Results: Consolidated net profit grows to Rs 84.3 crore
Patel Engineering on Monday posted a four-fold jump in its consolidated net profit at Rs 84.3 crore during the March 2023 quarter, boosted by higher revenues. It had clocked Rs 21.2 crore net profit during January-March quarter of preceding 2021-22 fiscal, the company said in a statement. The company's revenues from operations also surged to [...]
Stock markets climb for 2nd day on continuous foreign fund inflows
Benchmark indices Sensex and Nifty gained around half a per cent to close at nearly five-month high levels on Monday following continuous foreign fund inflows and firm trends in Asian and European markets. Rising for a second straight day, the 30-share BSE Sensex climbed 317.81 points or 0.51 per cent to settle at 62,345.71, the [...]
WPI inflation eases to 34-month low of (-) 0.92% in April
Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation has been on a declining trend for 11 months in a row and entered the negative zone in April. In June 2020 WPI was at [...]
BSE relaunches Sensex, Bankex derivative contracts
BSE on Monday relaunched Sensex and Bankex derivative contracts in its bid to boost derivative trading at the country's premier bourse. The relaunch of derivative contracts comes with a reduced lot size of futures and options and a new expiry cycle of Friday from Thursday earlier, BSE said. Derivatives are considered to be high-risk-reward financial [...]
Multibagger stock with 2000% returns announces 1:5 stock split; Check the details
With a market capitalization of Rs 1,140 crores, the shares of Gujarat Themis Biosyn Limited are currently trading at Rs 784. In the last 5 trading sessions, the stock prices have moved down around 2 percent ranging from Rs 799 to the current levels. Through a recent filing with the BSE, the company announced its [...]
Pharma stock to BUY now for an upside of 28% after Morgan Stanley upgrades it to overweight
Shares of Lupin Ltd currently trading at the price of ₹788.65 surged 2.78 percent on Monday by hitting a 52-week high of ₹800 or 16.77 percent. 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. Based on an earnings call [...]
Gaming stock gains 24% in 3 days; Brokerage sees further upside of 21%
Shares of Zensar Technologies climbed 10.72% on Monday to reach a fresh 52-week high of ₹ 375.90 apiece after the company’s results beat analyst expectations. At 01:25 PM, its shares were trading at ₹ 368.55 apiece, up 8.56%. In the past three days, its share price increased by 23.35%, rising from ₹ 304.75 apiece. Zensar [...]
Real Estate stock gains 8% after declaring residential sales booking of more than ₹ 15,000 Cr
Real estate major DLF Ltd’s share price rose 8.25 per cent on Monday’s intraday trades to reach a fresh 52-week high of ₹ 464.00 apiece on the National Stock Exchange (NSE). At 2:17 PM, its shares quoted at ₹ 472.45 apiece, up 8.25 per cent. DLF is primarily engaged in the business of colonisation and [...]
RK Damani stock falls 4% after the company’s results failed to meet market expectations
Stocks of Avenue Supermarts Limited are in the red today with a downside of approximately 4 percent and currently trading at Rs 3,535. In the last 5 trading sessions, the stock has moved down almost 5 percent, from Rs 3,713 to the current price levels. The company, a couple of days back, announced its financial [...]
Stock jumps after FII purchased 5.93 lakh shares of the company via bulk deal
Shares of Nazara Technologies Ltd currently trading at Rs 569.95 gained 1.35 % on Monday’s trading session from the previous close price of Rs 560. In the past month, the stock has jumped around 7.17 percent ranging from Rs 524.75 to the current price levels. On May 12, French-based investment company Societe General bought a 0.89% [...]
Auto stock jumps 13% after company’s PAT increases by more than 100% QoQ
Shares of VST Tillers Tractors Limited zoomed 13 percent today and currently trades at Rs 2,832. Year-To-Date, the stock has gained almost 21.5 percent ranging from Rs 2,330 to the current price levels. Such a sharp movement in the stock prices today is observed after the company, through a regulatory filing over the BSE, announced [...]
Ashish Kacholia stock hits 20% upper circuit after company’s revenue increases by 46% YoY
Shares of Repro India shot up on Monday’s early trades and hit the 20% upper circuit on the back of robust Q4 results. Its shares were locked at ₹ 499.30 apiece on the National Stock Exchange (NSE). Ace investor Ashish Kacholia holds 4,60,528 shares or a 3.62% stake in the company. His holdings are worth [...]
CCI opens inquiry against Google for non-compliance with directions in Play Store case
Competition Commission on Friday opened an inquiry into alleged non-compliance with the order passed by the regulator in October last year with respect to Play Store policies, according to a source. The watchdog has issued a show cause notice with specific questions and has asked the internet major to submit its response in four weeks. [...]
Sri lankan Airlines reports loss of 168 billion LKR in 2022: Official
Sri Lankan Airlines, the loss making national carrier of the island nation, has recorded losses of 163.58 billion Sri Lankan Rupees (approximately 4,000 crore INR) in 2022, more than three times it recorded in 2021, according to an official statement. Sri Lankan Airlines in 2021 witnessed a loss in revenues of 49.7 billion Sri Lankan [...]
Top stock picks: 6 Stocks to BUY now that can deliver returns of up to 65%
The Benchmark Indices were in the green on Friday with Sensex gaining 123 points and closing at Rs 62,028 and Nifty 50, staying flat, gaining just 18 points and closing at Rs 18,315. Listed below are 6 stocks to buy now for an upside of up to 65 percent: Multi Commodity Exchange Of India Limited [...]
Stocks to Watch: 10 Stocks that will trade ex-dividend next week
A ‘Dividend’ is usually defined as the distribution of a company's earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company. Moreover, an [...]
Tata Group stock announces dividend after 7 years; Profit After Tax jump 80% QoQ
Shares of Tata Motors Limited, the second-largest company in the Auto sector in India, closed at a price of Rs 513.80 which is around 0.45 percent up from the last trading levels of Rs 511.60. The company has a market capitalization of Rs 171,368 crores. The stock hit a new 52-week high level on each [...]
Weekly Recap: Mauritius Minister refutes Hindenburg Allegations on Adani, Q4 results and more
Domestic benchmark indices opened in the green on Monday and continued to gain, led by financial and auto shares. The Sensex opened at 61,166 points and the Nifty opened at 18,120 points. FPIs pumped more than ₹ 10,000 crores in Indian equity so far this month. Strong buying in auto and financial shares pushed the [...]
Bank Nifty on its way to cross 44,150 mark and reach an all time high; Check the details
Bank Nifty is an index that tracks the performance of the banking sector in India. The movement of Bank Nifty is influenced by various factors, including economic indicators, global events, and company-specific news. Despite the crisis in the banking sector and the increase in interest rates in US markets, the Indian banking sector has managed [...]
Foreign institutional inflow in real estate jumps over 3-fold to USD 26.6 bn in 2017-22: Colliers
The Indian real estate sector received USD 26.6 billion as foreign institutional investment during 2017-22 period, a three-fold jump from the previous six years, driven by inflows from USA and Canada with a share of 70 per cent, according to Colliers India. Real estate consultant Colliers India on Friday released a report "High on Investors’ [...]
Vedanta Q4 Results: Consolidated net profit falls 57% YoY
Mining giant Vedanta on Friday reported 57 per cent drop in March quarter net profit on weakness in aluminium business and write-offs. Consolidated net profit of Rs 3,132 crore in January-March is compared with Rs 7,261 crore net earning in the same period a year back, according to a stock exchange filing by the company. [...]
India’s H1 vegetable oil imports up 21%; rising refined palm oil shipments cause of concern: SEA
India's vegetable oil imports rose by 21 per cent to 81.10 lakh tonnes in the first six months of the current oil year, driven by increased shipments of refined palm oil which is a cause of concern, industry body SEA said on Friday. Vegetable oil imports stood at 67.07 lakh tonne in the same period [...]
Sensex rises 123 points to close above 62,000-mark on gains in banking, auto shares
Benchmark BSE Sensex recovered from early lows to close at a five-month high on Friday, riding on gains in banking and auto stocks ahead of the release of key inflation data. The 30-share index gained 123.38 points or 0.20 per cent to settle at 62,027.90, the highest closing level since December 12, 2022. The barometer [...]
Cipla Q4 Results: Consolidated net profit up 45% YoY
Drug major Cipla on Friday said its consolidated net profit increased by 45 per cent to Rs 526 crore for the fourth quarter ended March 31, 2023, driven by robust sales across the domestic business and US market. The Mumbai-based company had reported a net profit of Rs 362 crore for the January-March quarter of 2021-22 [...]
DLF Q4 Results: Consolidated net profit up 40% YoY
Realty major DLF on Friday reported a 40 per cent increase in its consolidated net profit at Rs 569.60 crore in the quarter ended March 2023 on lower expenses. Its net profit stood at Rs 405.54 crore in the year-ago period. Total income fell to Rs 1,575.70 crore in the fourth quarter of this fiscal [...]
TP Saurya, Tata Power Trading Company ink pact to set up 200 MW solar project in Rajasthan
TP Saurya has signed a power purchase agreement with Tata Power Trading Company Ltd (TPTCL) to set up a 200 MW solar project at Bikaner in Rajasthan. TP Saurya Ltd (TPSL) is a subsidiary of Tata Power Renewable Energy Limited (TPREL), which is an arm of Tata Power. With the latest win, the total renewable [...]
3 Fundamentally strong Nifty 50 stocks that are trading at a discount of up to 33%
Over the year Nifty 50 has given a 15% return, however, some stocks have underperformed the index which is trading lower than their expected prices and they are unable to outreach the index. Here are three stocks widely influenced by financial and economic downturns. Adani Ports and Special Economic Zone Ltd The shares of Adani [...]
Small cap stock jumps 13% after robust Q4 results; Net profit increases 45%
Stocks of Intellect Design Arena Limited zoomed 13 percent today and currently trade at Rs 526. In the last 5 trading sessions, the stock has gained around 16 percent ranging from Rs 454 to the current levels. The company’s stock prices hiked after it announced its Q4 as well as annual results for FY22-23. Moreover, [...]
2 Large cap auto stocks that jumped more than 25% in just four months
The automobile sector is a fast-paced, ever-changing industry. Any economic cycle will have a direct impact on the sector, and companies will strive to maximize earnings and remain competitive in both good and bad times. The auto industry has changed significantly over the last decade with automobile prices leveling out as the sector transforms into [...]
₹ 30 to ₹ 2254: Multibagger stock turns 1 lakh to 86 Lakhs in just 10 years
Shares of Alkyl Amines Chemicals Limited are currently trading at a price of Rs 2,554 and has a market capitalization of Rs 13,041 crores. The scrip has given multibagger returns of approximately 8,600 percent during a long-term period of ten years ranging from Rs 30 in May 2013 to the current levels. It means that [...]
Multibagger small cap stock zooms 10% after Profit After Tax jumps 1622% YoY
Shares of South Indian Bank Limited spiked 10 percent today and currently trade at a price of Rs 17.95. In the last one-month period, the stock has been able to generate around 18 percent returns for its stakeholders. One of the prime causes leading the stock prices to jump today is after the Bank, through [...]
Magicpin records multi-fold growth in daily orders on ONDC in 5 weeks
Hyperlocal startup magicpin on Friday said has recorded 200-fold growth in daily orders to 20,000 per day within the first five weeks of joining the government-supported Open Network for Digital Commerce (ONDC). Magicpin said it has reached 20,000 per orders day on the ONDC platform in the week ending May 7. "Within the first four [...]
Passenger vehicle dispatches rise 13% in April: SIAM
Domestic passenger vehicle dispatches witnessed a 13 per cent year-on-year rise in April as demand remained robust across segments, industry body SIAM said on Friday. The total passenger vehicle dispatches from companies to dealers rose to 3,31,278 units last month compared to 2,93,303 units in April 2022. Market leader Maruti Suzuki India dispatched 1,37,320 units [...]
Large cap Pharma stock falls more than 7% in two days; Check here to know why
The shares of Dr. Reddy's Laboratories Ltd opened at the price of ₹4,543.30 on Friday, logging over a 7.60 percent downfall from two trading sessions from a price of ₹ 4,869 on Wednesday. One of the probable reasons for the low stock price movement is the company's recent announcement of Q4 FY 22-23 earnings. The [...]
Adani Total Gas, Adani Transmission to move out of MSCI India Index; shares fall
Shares of Adani Total Gas and Adani Transmission fell in morning trade on Friday after MSCI announced that the two companies will move out of the MSCI India Index with effect from May 31. The stock of Adani Total Gas tumbled 5 per cent to Rs 812.60 -- its lower circuit limit -- on the [...]
ONGC discovers oil, gas in Arabian Sea blocks
State-owned Oil and Natural Gas Corporation (ONGC) has discovered crude oil and natural gas in two blocks in Mumbai offshore, the company said on Thursday without giving details of reserves found. The discoveries, which have been named 'Amrit' and 'Moonga', were made in the blocks that the company won in recent open acreage licensing rounds. [...]
Nexus Select Trust REIT IPO subscribed 5.45 times on last day of offer
The initial public offering (IPO) of Nexus Select Trust, the first REIT backed by rent-yielding retail real estate assets, was subscribed 5.45 times on the last day of subscription on Thursday. The Rs 3,200-crore share sale received bids for 101.03 crore units against 18.52 crore units on offer, according to an update available with the NSE. [...]
Eicher Q4 Results: Consolidated net profit rises 49% YoY; lines up Rs 1K cr capex in FY24
Eicher Motors on Thursday said its consolidated net profit increased by 49 per cent to Rs 906 crore for the fourth quarter ended March 31, 2023, on the back of robust sales across domestic and global markets. The company, which had reported a net profit of Rs 610 crore a year ago, said it has [...]
Gillette India Q3 Results: PAT surges 48.2% YoY
Shaving products maker Gillette India Ltd on Thursday reported a 48.17 per cent rise in profit after tax (PAT) to Rs 102.70 crore for the third quarter ended March 2023, helped by tax gains and premiumisation of products. The company, which follows the July-June financial year, had reported a profit of Rs 69.31 crore in [...]
BSE Q4 Results: Net profit rises 24% YoY
Leading stock exchange BSE on Thursday reported a 24 per cent jump in net profit to Rs 88.61 crore for the three months ended March. The exchange had posted a net profit of Rs 71.52 crore in the same quarter of the preceding the fiscal, BSE said in a regulatory filing to the National Stock [...]
Religare Enterprises Q4 Results: Standalone net profit at Rs 20 cr
Religare Enterprises on Thursday posted Rs 20 crore profit on a standalone basis for the fourth quarter ended March 2023. The company had registered a net loss of Rs 7 crore in the January-March quarter of the preceding fiscal. The total income increased to Rs 41 crore against Rs 8 crore in the same quarter [...]
Ujjivan SFB Q4 Results: Net profit up 144% YoY
Ujjivan Small Finance Bank on Thursday reported a more than two-fold jump in its March quarter net profit to Rs 309.50 crore, helped by higher core income and a write-back in provisions. The Bengaluru-headquartered lender posted a net profit of Rs 1,099 crore for FY23 as against a loss of Rs 414 crore in the [...]
Jio, Airtel add 19.8 lakh mobile subscribers in Feb, Voda Idea loses 20 lakh customers: Trai
Telecom operators Reliance Jio and Bharti Airtel added 19.8 lakh mobile subscribers month-on-month in February, even as Vodafone Idea lost 20 lakh customers, according to data released by Trai on Thursday. India's largest telecom player Reliance Jio added the maximum number of mobile subscribers at about 10 lakh, taking its wireless subscriber tally to 42.71 [...]
BLS International Q4 Results: Consolidated net profit jumps 2-fold YoY
BLS International on Thursday reported a more than two-fold jump in its consolidated net profit at Rs 76.73 crore for the quarter ended March. Its net profit stood at Rs 35.20 crore in the year-ago period, the company said in a statement. BLS International is into visa and consular services. The company's operational revenue rose [...]
Aditya Birla Capital Q4 results: Consolidated net profit rises 35% YoY
Aditya Birla Capital on Thursday reported a 35 per cent increase in consolidated net profit to Rs 609 crore in the fourth quarter ended March 2023. The holding company for the financial services businesses of the Aditya Birla Group had earned a net profit was Rs 450 crore in the year-ago period. During the quarter, [...]
Markets fall in early trade on weak global trends
Equity benchmark indices Sensex and Nifty fell in early trade on Friday amid weak trends in global markets and as investors preferred to stay on the sidelines ahead of the release of domestic inflation data. The 30-share BSE Sensex fell 244.01 points to 61,660.51. The NSE Nifty declined 77.95 points to 18,219.05. Among the Sensex [...]
Stock to Buy: Fundamentally strong stock gets a BUY call with a potential upside of 43%
A company is said to be ‘Fundamentally Strong’ when it is equipped with strong margins and stable financial numbers. Moreover, such firms have the ability to survive during financial distress in the industry. Herein this article, we will analyze one of such fundamentally strong stocks: Aarti Industries Limited Aarti Industries Limited is engaged in manufacturing [...]
Siemens Results: Consolidated net profit jumps 62% to Rs 516 cr in Mar qtr
Siemens on Thursday posted a 61.9 per cent rise in its consolidated net profit from continuing operation to Rs 516 crore in the March quarter, mainly on the back of higher revenues. The company follows October to September financial year. "Profit after Tax (consolidated net profit) from continuing operations was at Rs 516 crore, an [...]
South Indian Bank Q4 results: Net profit climbs nearly 23% YoY
Private sector lender South Indian Bank on Thursday reported a 22.74 per cent increase in net profit at Rs 333.89 crore in the March 2023 quarter. The bank's net profit was Rs 272.04 crore in the year-ago period. The operating profit increased by more than 95 per cent to Rs 561.55 crore during the fourth [...]
METRO completes Rs 2,850 cr deal with Reliance Retail to sell its India Cash & Carry business
German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio (6 [...]
Adani looks to raise USD 2-2.5 bn in first share sale since Hindenburg
Billionaire Gautam Adani's conglomerate is looking to raise USD 2-2.5 billion through an equity share sale in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short seller. Boards of two group companies will meet on May 13 to consider fundraising, according to stock exchange filings. [...]
Eicher Motors Q4 results: Consolidated net profit rises 49% YoY
Eicher Motors on Thursday said its consolidated net profit increased by 49 per cent to Rs 906 crore for the fourth quarter ended March 31, 2023, on the back of robust sales across domestic and global markets. The company reported a net profit of Rs 610 crore a year ago. Total revenue from operations rose [...]
Pharma stock hits 20% upper circuit after company’s net profit increases by 174% QoQ
Stocks of Neuland Laboratories Limited started its trading session at a price of Rs 2,110.15. The stock remained flat during the first trading half, but, during the last couple of hours, the scrip saw a sharp increase in its stock prices and closed at a price of Rs 2,538.30, which also marked the new 52-week [...]
Auto stock hits 5% upper circuit for 3rd day in a row; What’s causing the rally?
The shares of Shriram Pistons & Rings Ltd shot up by a 5 percent upper circuit, from the last two trading sessions, reaching a 52-week high of ₹1,427.75 on Thursday. One of the probable reasons for today's record-high stock prices is the company's recent announcement of Q4 FY 22-23 earnings. As per Consolidated financials of [...]
Startups must look for biz opportunities in mining sector: Mines Secy Vivek Bharadwaj
There are a lot of business opportunities for startups in the domestic mining sector where production worth around USD 7 billion happens annually, Mines Secretary Vivek Bharadwaj said on Thursday. The sector faces several technological challenges, and the startups can explore these issues as a business opportunity for them, the official said while addressing the [...]
ABB India expands Bengaluru facility for production of energy-efficient drive modules
Electrification and automation major ABB India on Thursday announced the expansion of its facility at Peenya factory in Bengaluru by setting up a new line for the production of variable speed drive modules. Variable speed drive modules are used to control the speed of electric motors to match the actual demands of the process to [...]
Stock markets in choppy waters, L&T drags Sensex to close lower
Benchmark indices Sensex and Nifty pared early gains to close marginally lower in highly volatile trade on Thursday due to losses in Larsen & Toubro and cautious trading ahead of the release of domestic inflation data. The 30-share BSE Sensex declined 35.68 points or 0.06 per cent to settle at 61,904.52 after hitting the crucial [...]
Bosch Q4 Results: Consolidated net profit up 14% YoY
Auto components major Bosch has reported a 14 per cent increase in its consolidated net profit at Rs 399 crore for the fourth quarter ended March 2023. The company posted a net profit of Rs 350 crore in the January-March quarter of 2021-22. Its revenue from operations rose to Rs 4,063 crore in the fourth [...]
SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn
Budget carrier SpiceJet on Thursday said it has no plans to file for insolvency proceedings and has also started the process of reviving its grounded fleet with USD 50 million. The statement from SpiceJet comes at a time when a lessor has filed an insolvency resolution plea against the airline and crisis-hit rival Go First [...]
Hindustan Copper plans to raise around Rs 548 crore
State-owned Hindustan Copper on Thursday said it plans to raise around Rs 548 crore through various financial routes. A proposal in this regard will be taken up at the company's board meeting next week on May 19, 2023. In a regulatory filing, the company said its board will consider the "recommendation for seeking approval of [...]
FIR against BharatPe co-founder Ashneer Grover, his wife, family
The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been [...]
4 Tata Group stocks that will be trading Ex-Dividend this month; Are you holding any?
A ‘Dividend’ is usually defined as the distribution of a company's earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company. Moreover, an [...]
Adani Group stocks jump up to 5% after Mauritius Minister refutes Hindenburg Allegations
All the Adani Group stocks are trading in the green today with the parent company, Adani Enterprises Limited, moving the most witnessing a gain of around 5.1 percent currently available for Rs 1,989. In the last one-month period, the stock has gained more than 10 percent ranging from Rs 1,803.15 to the current levels. One [...]
Metal stock surges 10% to reach a new 52 week high after Q4 earnings
The shares of Ratnamani Metals & Tubes Ltd shot up by 10%, reaching a 52-week high of ₹ 2463.65 on Thursday. One of the probable reasons for today's record-high stock prices is the company's recent announcement of Q4 FY 22-23 earnings. Having a quick walkthrough of the financials of the previous quarter, their operating revenues [...]
Small cap stock hits 10% upper circuit after company reports 400% increase in PAT in Q4
Shares of Shemaroo Entertainment Limited are locked in the 10 percent upper circuit today at a price of Rs 143.05. In the last 5 trading sessions, the stock has gained around 17 percent ranging from Rs 122.35 to the current price level. One of the prime reasons for the stock prices to surge is the [...]
Bullish on India, expanding in the US, Middle East: Apollo Tyres VC & MD Neeraj Kanwar
Apollo Tyres is bullish on India, which is performing better than the rest of the world, and the company is making the country its export hub as it looks to expand further in the US and the Middle East, according to company's vice chairman and managing director Neeraj Kanwar. The Indian tyre major, which has [...]
Dr Reddy’s Q4 Results: PAT zooms nine fold YoY
Reddy’s Laboratories Ltd on Wednesday reported multifold growth (996 per cent) in its consolidated profit after tax to Rs 959.2 crore due to low base during the same quarter previous year. It was 87.5 crore in the January-March period of FY22. Parag Agarwal, Chief Financial Officer of Dr Reddy's, said Revenues for the quarter under [...]
L&T profit Q4 results: Consolidated net profit rises 10% YoY; AM Naik to step down as non-exec chairman
Engineering and construction giant Larsen & Toubro (L&T) on Wednesday reported a 10 per cent rise in its consolidated net profit to Rs 3,987 crore for the quarter ended in March 2023 and announced the stepping down of non-executive chairman A M Naik from the post. A M Naik has decided to step down as [...]
FM Sitharaman leaves for Japan to attend G 7 meeting
Finance Minister Nirmala Sitharaman on Wednesday embarked on an official two-day visit to Niigata, Japan, to attend a G7 meeting. India is an invitee to G 7 Finance Ministers and Central Bank Governors meeting. "During her visit, FM Smt.@nsitharaman will also have multilateral and bilateral engagements with her counterparts, besides a roundtable meeting with business [...]
Cummins Inc pays Rs 91.22 lakh to settle case with Sebi
Cummins Inc, promoter of Automotive Axles Ltd, has settled with markets regulator Sebi a case pertaining to alleged violation of open offer lapses, after paying Rs 91.22 lakh as settlement charges. The order came after the applicant (Cummins Inc) filed a settlement application for proposing to settle by neither 'admitting nor denying the guilt'. "The [...]
Skies turn less cloudy for Go First as NCLT admits insolvency plea; aircraft lessor challenges ruling
In a major relief for crisis-hit Go First, the National Company Law Tribunal (NCLT) on Wednesday admitted its plea for voluntary insolvency resolution proceedings and declared a moratorium under the insolvency law. The ruling means that lessors are barred from taking back aircraft and creditors are restrained from taking coercive action. The tribunal's ruling, which [...]
Markets trade marginally lower in choppy trade
Equity benchmark indices pared opening gains and were trading marginally lower in a highly volatile trade on Thursday, dragged down by a decline in Larsen & Toubro shares and weak global markets. The 30-share BSE Sensex declined 19.93 points to 61,920.27 points in early trade after hitting the crucial 62,000-mark in opening deals. The NSE [...]
Stocks to Watch : 3 Stocks that showed up to 1900% increase in net profit in Q4
Net Profit is defined as the amount of money a company’s business earns after deducting all the operating costs, interest costs, and tax expenses over a given period of time. It is a crucial part of the decision-making process pertaining to dividend payouts, etc. It has become one of the most important metrics for companies [...]
5 Bluechip stocks in which LIC has increased its stake in Q4; Do you own any?
The Life Insurance Corporation of India (LIC), India’s biggest institutional investor was on a shopping spree in the fourth quarter of FY23. Data from the exchanges showed that it has increased its stake in at least five blue chip companies in the January to March quarter of 2023 (Q4FY23). Tata Power Company Ltd LIC had [...]
Stock to Buy: Fundamentally strong stock that can deliver returns of up to 36%
It is generally said that a ‘Fundamentally Strong’ stock is one that equips itself by conducting operations when the respective industry goes through financial distress. Moreover, such companies enjoy the luxury of operating their business on comparatively lower debt levels, good amounts of retained earnings, and stable margins. Listed below is one such Fundamentally Strong [...]
Ashish Kacholia stocks that gave multibagger returns of up to 300% in a year; Do you own any?
Fondy known as the ‘Big Whale’ ace investor Ashish Kacholia likes his portfolio to speak for itself. He is known for his absence from media cycles and for avoiding interviews and journalists. He has investments in over 20 stocks and has a varied portfolio that includes hospitality, education, infra and manufacturing stocks. Here are three [...]
Real estate stock hits 20% lower circuit after company merger gets delayed
The Shares of Indiabulls real estate Ltd opened at Rs 68.50 on Tuesday's trading session, declining by 20 percent and ending at Rs 55.40. One of the probable reasons for the stock prices to hit a lower circuit today is the recent announcement of the company regarding the delay in the merger of NAM Estates and [...]
Adani group to prepay USD 130 million debt to boost investor confidence
Billionaire Gautam Adani's group on Tuesday said it will prepay USD 130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as USD [...]
Markets end flat in volatile trade amid weak trends in global equities
Benchmark indices ended flat on Tuesday, paring their intra-day gains, as investors resorted to profit-taking after the recent upsurge amid weak trends in global equities. Even after trading with gains for most part of the day, the 30-share BSE Sensex failed to hold on to the momentum and skidded 2.92 points to settle at 61,761.33 [...]
Mid cap stock announces 1:2 bonus issue and dividend after net profit increases by 402%
Shares of Kansai Nerolac Paints spiked 10% on Tuesday’s early trades to reach an intraday high of ₹ 444.20 apiece on the National Stock Exchange (NSE). This happened after the company announced its quarterly and annual results, a dividend and a bonus issue. At 01:34 PM, its shares were trading at ₹ 405.00 apiece. Kansai [...]
Ashish Dhawan stock jumps 7% after company turns profitable in Q4; Do you hold it?
Shares of Birlasoft Limited gained approximately 7 percent today and closed at a price of Rs 308. Ace Investor Mr. Ashish Dhawan holds 2,764,615 shares equating to a 1.01 percent stake in the company. The holding value of the investment sums up to around Rs 85 crores. The surge in stock prices is observed after [...]
T D Power Systems Q4 Results: Consolidated net profit rises over 43% YoY
T D Power Systems on Tuesday posted over 43 per cent jump in its consolidated net profit at Rs 35.35 crore in the March 2023 quarter year-on-year, mainly on the back of higher revenues. The company had recorded a consolidated net profit of Rs 24.66 crore in the quarter ended on March 31, 2022, a [...]
Small cap stock falls up to 13% after company’s net profit reduces by 43% in Q4
Stocks of Sterling Tools Limited are in the red today witnessing a deep fall in prices. The scrip currently trades at Rs 369, nearly 13 percent down as compared to the previous closing levels of Rs 423.30. In the last month, the stock has fallen approximately 15 percent ranging from Rs 432 to the current [...]
Large cap stock jumps after shares worth ₹ 70,444 Cr were unpledged
Shares of Vedanta Ltd were at Rs 285.90 levels after gaining 3.06 percent on Tuesday's trading session from the previous close price. In the past month, the stock has jumped around 5.89 percent ranging from Rs 203.65 to the current price levels. In the last three years, the stock has rallied around 269.51 percent ranging [...]
Pharma stock surges 30% to record the highest listing gains in 2023; Check analysts views on it
Marking the biggest domestic market listing so far this year, shares of Mankind Pharma debuted at a premium of 20.37% at ₹ 1,300.00 apiece on the bourses, against an issue price of ₹ 1080.00. Its shares continued to climb and reached a high of ₹ 1414.00 apiece, up 30.93%. The stellar listing was expected, particularly [...]
Gas stock jumps nearly 9% on robust Q4 numbers; Net profits up 56%
Shares of Mahanagar Gas Limited, with a market capitalization of Rs 10,719 crores, hiked nearly 9 percent and currently trade at Rs 1,085. The stock hit its 52-week high mark today at a price of Rs 1,097.70. Such movements in the stock prices of the company are observed after the company announced its Q4 as [...]
Nifty 50 stock to BUY now for an upside of more than 35%; Check the details
Shares of IndusInd Bank were trading higher on Tuesday at ₹ 1144.45 apiece, despite the resignation of its chief risk officer, after brokerages reaffirmed faith in the stock. According to an exchange filing Ramaswamy Meyyappan, the Chief Risk Officer of the Bank tendered his resignation on May 05, 2023. He was associated with the bank [...]
VIP Industries Q4 Results: Consolidated net loss at Rs 4.26 crore
Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore in the January-March quarter a year ago, VIP Industries Ltd (VIL) said in a BSE filing. However, [...]
Fitch affirms India’s sovereign rating on robust growth outlook, flags weak finances
Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge. India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August 2006. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) [...]
Mankind Pharma shares debut with over 20% premium
Shares of Mankind Pharma made a remarkable debut on the stock exchanges on Tuesday, listing with a premium of over 20 per cent against the issue price of Rs 1,080. The stock began the trade at Rs 1,300, up 20.37 per cent on the BSE. It further zoomed 24.53 per cent to Rs 1,366. At [...]
Venus Remedies gets mkt authorization from Philippines, Iraq for two more cancer drugs
Pharma major Venus Remedies Ltd on Tuesday said it has further consolidated its position in the oncology space with marketing authorisation from Philippines and Iraq for two more widely used cancer drugs. While Venus Remedies has secured marketing approval for bleomycin from Philippines, the second largest market in the Association of Southeast Asian Nations (ASEAN) [...]
HFCL Q4 Results: Consolidated net profit rises 15.5% YoY
Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company's revenue rose 21.13 per cent to about Rs 1,433 crore for the fourth quarter [...]
Markets climb in early trade on continuous foreign fund inflow
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75. Among the Sensex firms, Bajaj Finserv, Tata [...]
Canara Bank Q4 results: Consolidated net profit jumps 74% YoY
State-owned Canara Bank on Monday reported a 74 per cent jump in March quarter consolidated net profit to Rs 3,336.51 crore, helped by higher core income and lower provisions. The Bengaluru-based lender had reported a net profit of Rs 1,918.80 crore in the year-ago period. For FY23, its post tax profit grew to Rs 11,254.75 [...]
Multibagger Penny stock with 280% returns receives multiple orders worth ₹ 3,21,44,032
With a market capitalization of ₹ 452.00 crores and a share price of ₹ 21.75 apiece, SBC Exports is a penny stock. The company is engaged in the trading and manufacturing of garments, IT & manpower services and tour operator services. Its promoters hold a 65.81% stake in it, while retail investors hold a 34.19% [...]
Tata group stock gets a BUY call after net profit increases by more than 1300%; Do you own it?
Tata Power Company Limited, a part of Tata Sons Limited headquartered in Mumbai, Maharashtra, is an integrated power utility engaged in the process of generating, transmitting, and distributing electricity. It supplies power to consumers in bulk which includes ports, railways, municipal corporations, and other major industries. The company conducts business within India and, apart from [...]
Nifty 50 stock dips 2% after QoQ net profits decline 28%; Check the details
Stocks of Coal India Limited closed at Rs 233, 2 percent down as compared to the previous closing price of Rs 237.40. Yesterday, the company announced its Q4 results along with the results for FY22-23, details of the same have been shared later in the piece. The company’s Board also recommended a final dividend of [...]
RK Damani sold a stake in this company which reported a 94% decline in Q4 PAT
With a market capitalization of ₹ 36,981 crores, United Breweries is a mid-cap company that is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. The company recently reported an 11.29 percent increase in its revenue from operations to ₹ 4,092.80 crores for the January to March quarter of 2023, against [...]
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