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Waste management stock hits upper circuit after receiving order from Dhandhuka Nagarpalika
Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more hits 2 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 70.80 Lakhs to provide waste management services to Dhandhuka Nagarpalika. Price Action With a market capitalization of Rs. 278 Crores, the [...]
Will this Chinese company enter Indian market with the help of Reliance?
E-fashion, especially in the clothing segment, has experienced tremendous growth in India, driven by platforms like Myntra, Amazon, and offline stores like Zudio. Myntra and Amazon dominate the online retail space, offering a wide range of fashion options across various price points. Myntra, with its focus on premium and trendy brands, has solidified its position, [...]
Ashish Kacholia stock jumps 9% after receiving orders worth ₹9.76 Cr from domestic clients
The shares of the leading manufacturers of PVC & UPVC gained up to 9 percent after the company bagged three prestigious work orders from domestic clients for Rs 9.76 crore. With a market capitalization of Rs 416.73 crore, the shares of Dhabriya Polywood Ltd were trading at Rs 385.00 per share, increasing around 6 percent [...]
Pharma stock in focus after acquiring 51% stake in Trident Mediquip
This Microcap Pharma stock which deals in the business of pharma formulations under its own brands, loan license, and contract manufacturing model is in focus after the acquisition of 51% stake approval of Trident Mediquip. Price Action With a market capitalization of 310.48 Crores on Tuesday, the shares of Trident Lifeline Ltd fell by 1.82 [...]
Transformer stock jumps 3% after receiving approval as a vendor for Kerala State Electricity Board
Transformer stock engaged in the business of manufacturing, upgrading, and renovating various types of transformers jumps 3 percent in the day’s trade upon being approved as a vendor for the supply of power and distribution transformers to the Kerala State Electricity Board. Price Action With a market capitalization of Rs. 555 Crores, the shares of [...]
TATA Group stock jumps 12% after its subsidiary likely to launch its IPO
The Non-Banking Financial Company (NBFC) sector in India plays a significant role in providing financial services, particularly in underserved markets where traditional banks may not be present. NBFCs offer various financial products, including loans, investments, and insurance, catering to a diverse customer base. With rapid urbanization, digitalization, and increasing demand for credit, the NBFC sector [...]
4 Stocks forming the bullish Golden Cross pattern to keep an eye on
A golden crossover is used in technical analysis of financial markets to describe a bullish move that occurs when a shorter-term moving average crosses above a longer-term moving average. The most common moving averages used are the 50-day moving average (short-term) and the 200-day moving average (long-term). This crossover is considered a positive signal, indicating [...]
Auto reseller stocks to be affected after Govt increases GST tax from 12% to 18%
The GST Council has raised the Goods and Services Tax (GST) on old and used vehicles from 12 percent to 18 percent. This increase applies to businesses selling these vehicles at a margin and claiming depreciation, while individual transactions remain taxed at the lower 12 percent rate. The hike covers all used vehicles, including electric [...]
Bank stocks to buy now for an upside of more than 20%; Do you own any?
The banking sector plays a crucial role in driving economic growth, especially after key events like the Federal Reserve's interest rate cut. Lower interest rates globally can impact capital flows, influencing investment in emerging markets like India. In India, banks are essential for fostering economic development by providing access to capital, enabling businesses to expand, [...]
Solar stock hits 5% upper circuit after plans to invest in gigafactory for battery energy storage in UP
This Microcap stock which is engaged in the business of manufacturing and trading of solar plants or panels and trading of electronic equipment and solar equipment hit a 5 percent upper circuit after the company plans to invest in a gigafactory for Battery Energy Storage in Uttar Pradesh. Price Action With a market capitalization of [...]
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Indian economy is relatively well positioned on path of recovery but it cannot be immune to global situation, says Governor Das. PTI DP NKD ANZ DP ANS ANS
NEWSALERT
Globally, economies are opening up, activities level are reaching pre-pandemic level: Governor Das. PTI DP NKD ANZ DP ANS ANS
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RBI to permit banks to infuse capital in overseas branches, repatriate profit without its prior permission, says Governor Das. PTI DP NKD ANZ DP ANS ANS
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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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
Govt proposes penalty of up to Rs 500 cr for data breach under Data Protection Bill
The government has raised the penalty amount to up to Rs 500 crore for violating the provisions proposed under the draft Digital Personal Data Protection Bill 2022 issued on Friday. The draft personal data protection bill in 2019 proposed a penalty of Rs 15 crore or 4 per cent of the global turnover of an [...]
LIC decreases its stake from 7.2% to 5.2% in this large cap Auto stock
The Life Insurance Corporation of India (LIC) disclosed that it has decreased its stake in Bajaj Auto from 7.203% to 5.200%. Following this, the shares of Bajaj Auto were trading at ₹ 3561.00 apiece, down 1.17% at 11:33 AM on the National Stock Exchange (NSE). LIC sold 56,68,366 shares, or 2.003% equity, at an average [...]
Tata Group plans to merge all its airline brands in to Air India
India’s largest conglomerate, Tata group, recently announced its plan to integrate the four airline brands- Air India, Vistara, Air India Express, and AirAsia India, under Air India Ltd. In addition to that, it is also considering scrapping the Vistara brand, which is Singapore Airlines’ local affiliate in India. Vistara brand is a joint venture between [...]
7 Stocks that will trade ex-dividend on monday; Do you hold any?
The Indian benchmark indices opened higher amid mixed global cues and softened crude oil prices. The NSE Nifty 50 climbed over 30 points to trade above 18,350 levels, whereas BSE Sensex rose over 50 points to trade at 61,833 levels on Friday. For investors looking for a passive source of income, here are 7 stocks [...]
Goldman Sachs India has bought over 17.45 lakh shares of this newly listed company
Newly listed company Bikaji Foods gained close to 6 per cent on Thursday after Goldman Sachs Fund bought a stake in it. Its shares reached an intraday high of ₹ 334.70 apiece and were trading at ₹ 321.25 apiece at 01:05 PM on Thursday. Bikaji Foods International is India’s third-largest ethnic snack company. Its product [...]
Paytm shares crashed by more than 9% after a huge block deal
The shares of One 97 Communications Ltd the parent company of Paytm crashed by more than 8 per cent on Thursday after the opening bell to trade at Rs 549 levels. The shares trembled on the news of a large block deal. SoftBank which holds 17.45 per cent of Paytm through SVF India Holdings, is [...]
₹ 300 Stock has declared a dividend of ₹ 15.5; Check the details
The shares of Hindustan Zinc, a subsidiary of Vedanta Limited, were trading 1.7 per cent higher at Rs 324 levels till the afternoon on Thursday. In the past week, the shares have gained 10 per cent and in the span of a month, it has gained approximately 18 per cent. The company recently announced a [...]
Shares of Bearings manufacturer surge 19% on positive news
Buoyed by an announcement the shares of Timken India rose 19.31% and were trading at ₹ 3486.00 apiece at 01:47 PM on Thursday. Timken India is a part of the global Timken group. It manufactures, distributes and sells anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. In [...]
Adani group is in a race with DLF Ltd and Naman Group to for a project worth over Rs 20,000 crore
Adani Realty, the real estate arm of the Adani group, along with DLF and the Naman Group have submitted their bids for the redevelopment of Asia’s largest slum, Dharavi, situated in Maharashtra. The project is estimated to cost over Rs 20,000 crore. In October, the Maharashtra authority floated the tender for the redevelopment project. The [...]
Tata Motors bags order for 1,000 buses from Haryana govt
Tata Motors on Thursday said it has bagged an order for 1,000 buses from Haryana Roadways. The auto major said it will supply 52-seater fully built BS VI diesel buses in a phased manner, as per the contract. "The delivery of these buses will further fortify our partnership with the Haryana government and help in [...]
Smallcap IT stock jumps 20% after Blackstone buys 52% stake; Plans to delist it
U.S. investment fund Blackstone Inc on Thursday said that it would buy a 52 per cent stake from the promoters of a smallcap Indian IT company for $ 359 million or ₹ 2904 crores. It has signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems [...]
2 SME IPOs that have delivered multibagger returns of up to 600% in just 4 months
The Initial Public Offering (IPO) market in India was muted in the first half of 2022. However, in the last few months the market has picked up and multiple companies have listed in the market. Out of the Mainboard IPOs and Small and medium enterprises (SME) IPOs, the latter has delivered higher returns this year. [...]
Metal stock with a 12% dividend yield jumps 8% as it considers a second interim dividend
The shares of Hindustan Zinc are on an uptrend and have gained 8% in the past three days. Its shares closed at ₹ 319.15 apiece on Wednesday. The company informed the exchanges that its board will be meeting on Wednesday to consider and approve a second interim dividend, if any, for the financial year 2022-23. [...]
CBI books Rotomac Global in Rs 750 crore bank fraud case
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas [...]
TCS jumps 5% in five days after it bags multiple projects; Check the details
The shares of Tata Consultancy Services Limited (TCS) were trading in green at Rs 3,349 levels till the afternoon on Wednesday. In the past five days, the stock has gained approximately 5 per cent. The Tata group IT giant became the lone bidder for the much-awaited Bharat Sanchar Nigam Limited (BSNL) 4G rollout soon. TCS [...]
Tata Consumer and Tata Coffee Merger; How many shares will investors get?
The shareholders of Tata Consumer Products Ltd (TCPL), Tata Coffee Ltd, and TCPL Beverages approved the reorganisation scheme on November 12th. Under the scheme, the business of Tata Coffee ltd will be merged with the other two companies. Under the scheme, Tata Coffee (TCL) will be merged with Tata Consumer Products and its wholly-owned subsidiary. [...]
LIC’s move to sell Reliance Capital’s debt to ARC upsets lenders, bidders
Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders. The last date for submitting binding bids for Reliance Capital Ltd (RCL) and its subsidiaries is November [...]
2 Large cap stocks to BUY that have huge upside potential; Do you own any?
Gains across IT and financial shares, amid choppy trade, pulled benchmark indices higher on Wednesday. Reversing initial losses, the BSE Sensex and the NSE Nifty 50 touched their respective 52-week highs. Investors, especially those with conservative risk profiles usually invest in large-cap stocks to meet their long-term goals. These stocks are ideal for stable and [...]
Passenger vehicle sales could hit over 38 lakh units in FY23: Tata Motors MD
Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles [...]
Reliance, Tata, and Nykaa among others in the race to buy a stake in this retail company
The shares of TCNS Clothing Co Ltd gained more than 8 per cent in the early hours of Wednesday and were trading at Rs 605 levels. The stocks rallied after a media report suggested that some of the big players in the retail segment such as Reliance Retail, Aditya Birla Fashion, Trent Ltd, and Nykaa [...]
Why are ace investors like Mukul Agrawal buying the shares of Dish TV? Is a turnaround happening?
The shares of India’s third-largest satellite TV provider surged 9% on Wednesday to reach an intraday high of ₹ 16.35. Ace investors are picking the company’s shares, while retail investors are offloading them. This increase comes after a change in the leadership of Dish TV. Dish TV has faced challenges both on the corporate and [...]
Stock jumps 12% to reach 52 week high after good Q2 results; Do you own it?
The shares of Housing and Urban Development Corporation Limited (HUDCO) opened at Rs 42.35 on Wednesday and spiked by approximately 12 per cent to reach a new 52-week high of Rs 47.35 in the early trading hours. The stock rallied after the company posted its quarterly results. Their revenue from operations in the period stood [...]
Bikaji Foods shares debut at nearly 8% premium
Shares of Bikaji Foods International Ltd made its market debut at a premium of nearly 8 per cent against the issue price of Rs 300 on Wednesday. The stock listed at Rs 321.15, reflecting a gain of 7 per cent against the issue price on the BSE. It further rallied 11.66 per cent to Rs [...]
Smallcap Multibagger Stock with 490% returns is Ashish Kacholia’s next pick
The shares of Knowledge Marine & Engineering Works Ltd were locked in an upper circuit of 5 per cent after they reached a new 52-week high of Rs 874 on Tuesday. On Wednesday, the stock was trading 1.8 per cent higher at Rs 890 levels. Knowledge Marine & Engineering Works Ltd is an established player [...]
Nifty 50 Stock sets record date for a 135% dividend; Check the details
The shares of Oil and Natural Gas Corporation (ONGC) Limited hit a four-month high of ₹ 143.35 apiece on the National Stock Exchange (NSE), even though the market was trading sideways. Its shares were trading at ₹ 142.75 apiece at 12:14 PM on Tuesday. ONGC is a Nifty 50 stock. It is the largest crude [...]
L&T Infotech and Mindtree merger: How many shares will investors get?
The biggest merger in the Indian Information Technology (IT) sector has received approval from the Securities and Exchange Board of India (SEBI). L&T Infotech and Mindtree announced their plans for the merger in May 2022. The merged entity will get the name ‘LTIMindtree’ and will be listed on the Indian stock exchanges on November 24th, [...]
ONGC Q2 Results: Net profit tumbles 30% to Rs 12,826 cr on windfall tax woes
India's top oil and gas producer ONGC reported a 30 per cent fall in September quarter net profit after the government brought a new tax on windfall profits arising from a spurt in international energy prices. Net profit of Rs 12,825.99 crore, or Rs 10.20 a share, in July-September 2022-23 is compared with Rs 18,347.73 [...]
Largecap PSU stock gets a BUY call with a 38% upside; Do you own it?
The shares of the largest insurance company, Life Insurance Corporation of India opened at Rs 665 on Tuesday. However, till the afternoon the stock declined by 1 percent to trade at Rs 657 levels. This came after the stock rallied by more than 8 percent on Monday after the insurer reported robust growth in its [...]
Stock to Sell: Analysts expect a 57% downside in this PSU stock; Do you own it?
The shares of Bharat Heavy Electricals Limited (BHEL), a public sector undertaking (PSU) nose-dived after reporting a marginal increase in its net profit for the quarter that ended September 2022 (Q2FY23). Its share price declined to the tune of 7% in the past two days. They were trading at ₹ 70.65 apiece, at 11:23 AM [...]
Stock hits upper circuit of 5% as SEBI approves Adani Group’s open offer
The shares of New Delhi Television Limited (NDTV) hit an upper circuit of 5 percent on Tuesday at Rs 383.05. The stock has been in news for the last few months after the Adani group made a bid to acquire the company in an attempt to gain a larger footprint in the Indian media sector. [...]
Miniratna stock delivers 55% returns in a month, on the back of huge projects and orders
The shares of Rail Vikas Nigam Ltd (RVNL) are on an uptrend and gained 8% during early trades on Tuesday. They were trading at ₹ 58.90 apiece at 11:33 AM on Tuesday and reached a fresh 52-week high. This happened after the miniratna company bagged a ₹ 1544 crore project in Maldives and after it [...]
SpiceJet shares decline over 4% after Q2 loss
Shares of SpiceJet on Tuesday fell over 4 per cent in morning trade after the firm reported widening of net loss to Rs 837.8 crore in the three months ended September. The stock after a weak beginning, further declined 4.24 per cent to Rs 37.20 on the BSE. SpiceJet on Monday reported widening of net [...]
CESC board approves raising Rs 300 cr via NCDs
Power utility CESC on Tuesday said its board has approved a proposal to raise Rs 300 crore through issuance of non-convertible debentures (NCDs). "Committee of the Board at its meeting held today... approved the issue of 3,000 secured, unlisted, redeemable, rated NCDs having a face value of Rs 10 lakh each for cash at par [...]
Multibagger Smallcap stock sets record date for stock split; Check the details
Mafatlal Industries is a small-cap company that operates in the textile industry. It has been in existence for 117 years. It has given multibagger returns in the past six months and its board has announced a stock split. The board of directors of the company has fixed Friday, November 25, 2022, as the record date [...]
Amazon plans to lay off 10,000 people in coming days: NYT
Technology giant Amazon plans to lay off 10,000 people in the coming days, adding to the bloodbath being witnessed in the technology world after Twitter and Facebook parent Meta significantly trimmed their workforces. The New York Times said in a report Monday that Amazon plans to lay off approximately 10,000 people in “corporate and technology [...]
DCM Shriram Industries sees steep fall in Q2 net profit at Rs 93 lakh
DCM Shriram Industries Ltd on Monday posted a sharp decline in consolidated net profit at Rs 93 lakh during the second quarter of the 2022-23 fiscal on higher expenses. The company had posted a net profit of Rs 12.64 crore in the same quarter previous financial year, according to a regulatory filing. The total income [...]
Brigade Enterprises posts Rs 52 cr profit in July-Sept
Realty firm Brigade Enterprises on Monday said its consolidated net profit stood at Rs 52 crore for the quarter ended in September against a net loss of Rs 14 crore in the year-ago period. The revenue in the second quarter of this fiscal stood at Rs 912 crore as against Rs 776 crore in the [...]
Stock jumps 7% as company’s PAT rises 244%; Dividend of ₹ 7.20 per share declared
The shares of Great Eastern Shipping Company Ltd (GE Shipping) surged 7.6% on Monday’s early trades to reach an intraday high of ₹624.50 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 610.60 apiece, up 5.22% at 11:29 AM. GE Shipping is a mid-cap company that operates in the Indian shipping [...]
Bharat Forge Q2 Results: Consolidated net profit dips 48%
Bharat Forge on Monday reported a 48 per cent decline in its consolidated net profit to Rs 141 crore for the second quarter that ended September 30, 2022. The company had posted a net profit of Rs 270 crore in the July-September period of last year. Revenue from operations rose to Rs 3,076 crore in [...]
Small Cap Mutual Fund increases stake in this Vijay Kedia stock; Check the details & latest target
Canara Robeco Small Cap Fund has raised a stake in Cera Sanitaryware Ltd, a Vijay Kedia portfolio stock. The company’s shares were trading at ₹ 5331.00 apiece at 01:12 PM on Monday. Cera Sanitaryware manufactures and sells a variety of building products. In addition, it has non-conventional wind & solar power for captive use in [...]
Nifty IT climbed 5.43% in two days; is the worst over?
The Nifty IT Index inched higher on Monday after it gained a whopping 4.30% on Friday. In the last two days, it has gained 5.43% to reach 29945.15 points. The Indian, as well as global markets strengthened after inflation from the US, showed signs of cooling, coupled with a weaker dollar. The Nifty IT Sector [...]
Stocks to Watch: 6 Stocks that will trade Ex-dividend this week
Benchmark indices slipped slightly into the red by 11:45 AM on Monday. The NSE Nifty 50 was trading at 18,342.60 points, down 7.10 points or 0.039 per cent, while the BSE Sensex was trading at 61,665.15 points, up 129.89 points or 0.21 per cent at 11:45 AM on Monday. Dividends have been a passive source [...]
Mukesh Ambani VS Gautam Adani; Who will end up buying this company?
Mukesh Ambani and Gautam Adani are set to lock horns again. The two business moguls have been in the race to become the richest man in India. However, this time the two are in the fight to acquire Future Retail. Kishore Biyani’s Future Retail is undergoing insolvency proceedings. This means that the bankrupt enterprise is [...]
Travel Stock fixes record date for stock split and bonus issue; Check the details
Leading travel services provider Easy Trip Planners has announced Tuesday, November 22, 2022, as the record date for a stock split and the issue of bonus shares. Its shares were trading at ₹ 407.70 apiece at 11:35 AM on Monday. Rationale behind the split and bonus Easy Trip Planners mentioned in an exchange filing that [...]
Apple rolls out beta programme for 5G on Apple devices
Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software. This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said. Apple Users have to enrol for the Beta [...]
Aurobindo Pharma shares tumble nearly 7% in early trade; hit 52-week low after Q2 earnings
Shares of Aurobindo Pharma on Monday fell nearly 7 per cent in early trade after the company reported a 41 per cent decline in its consolidated net profit for the second quarter ended September 30, 2022. The company's shares plunged 6.52 per cent to its 52-week low of Rs 457.20 on the BSE after a [...]
₹ 2.25 to ₹ 252: This Multibagger stock has converted ₹ 1 lakh to ₹ 1.13 Cr in just 4 years
The Shares Authum Investment & Infrastructure have delivered 11,115% in just four years, as the share price has risen from Rs 2.25 in November 2018 to the current level of Rs 252.35 on BSE. If an investor would have invested Rs 1 lakh in the company in November 2018, the total value of their holdings [...]
Top Stock Picks: 7 Stocks to BUY that can deliver up to 70% returns
Bulls took over Dalal Street amid strong global cues coupled with a weaker dollar. The NSE Nifty 50 rallied over 320 points to trade above 18,350 levels, closing at 18,349. Meanwhile, BSE Sensex advanced over 1180 points to touch the 61,800 mark intraday, ending at 61,795. With the markets soaring, here are 7 stocks recommended [...]
Weekly Recap: LIC stake increase in this Tata Stock, Flipkart burns USD 3.7 billion cash in a year and More!
Domestic benchmark indices continued to rise on Monday, led by gains in financial and FMCG shares, tracking strength across global markets amid optimism that major central banks may moderate the pace of COVID-era interest rates. The BSE Sensex climbed 451.2 points and was quoting at 61,401.5 points during early trades on Monday, while the Nifty [...]
Tata Group Hospitality stock gets a buy call post good Q2 results; Check the latest target
The shares of the Tata group stock, Indian Hotels Company Ltd reached a new 52-week high of Rs 349 on Friday. However, till the afternoon the shares trembled and were trading down by 7.5 percent at Rs 313 levels. The company reported a 69 percent increase in its revenue which stood at Rs 1,232.61 crore [...]
Reliance Capital swings to black with net profit of Rs 215 crore in September quarter
Reliance Capital (RCap), which is undergoing insolvency process, on Friday swung back to the black and posted a consolidated net profit of Rs 215.23 crore for the quarter ended September 2022. The non-banking finance company had posted a consolidated net loss of Rs 1,115.56 crore in the year ago quarter ended September 2021. Also, there [...]
Adani Power Q2 Results: Consolidated net profit at Rs 696 cr
Adani Power on Friday posted a consolidated net profit of Rs 696 crore for September quarter 2022-23, mainly due to higher one-time income. In the year-ago period, it incurred a net loss of Rs 231 crore, a company statement said. Total income was 52 per cent higher at Rs 8,446 crore as against Rs 5,572 [...]
Nykaa gained 19%, was it a masterstroke or a delayed disaster?
Online cosmetics to fashion retailer, Fsn E-Commerce Ventures Ltd (Nykaa) has been in the news for the past few days. The company’s shares gained 19.22% on Friday’s early trades to reach an intraday high of ₹ 224.45 apiece. They were trading at ₹ 215.50 apiece at 12:17 PM on Friday. Its shares did not witness [...]
BUY this Tata Group Stock for an upside of 36%; ICICI Securities
The shares of Tata Motors Limited inched up by 2.3 per cent on Friday morning and were trading at Rs 421 levels. The shares are trading in the green after the quarterly results of the company improved. In Q2FY23, the Tata group company reported a consolidated net loss of Rs 945 crore compared to Rs [...]
Jefferies has a BUY call on this stock with an upside potential of 45%
The shares of Zomato Ltd soared higher by 9 per cent to trade at Rs 69 levels in the early hours of the last trading day of the week. This came after the company posted strong Q2 results yesterday. In Q2FY23, the company narrowed its losses to Rs 251 crore down from Rs 430 crore [...]
Largecap stock declares a dividend of ₹ 850 per share: Check the details here
The board of 3M India Ltd, the Indian subsidiary of US-based company 3M has announced an interim special dividend for its shareholders. This dividend is a whopping 8500% of the face value of its shares. Its shares were trading at ₹ 23,800.00 apiece at 11:32 AM on Friday. The company informed the bourses that in [...]
Adani Green Energy Q2 Results: Consolidated net profit rises 49% to Rs 149 crore
Adani Green Energy on Thursday posted a 49 per cent rise in its consolidated net profit at Rs 149 crore in September quarter of FY23 compared to a year ago, mainly due to higher revenues. The consolidated net profit of the company was Rs 100 crore in the quarter ended on September 30, 2021, a [...]
IHCL Q2 Results: Consolidated PAT at Rs 130 crore
The Indian Hotels Company (IHCL) on Thursday reported a consolidated profit after tax (PAT) of Rs 129.59 crore for the September quarter following growth in travel demand. The company has posted a loss of Rs 130.92 crore during the corresponding quarter in the previous financial year, IHCL said in a statement. Revenue from operations grew [...]
Ashok Leyland Q2 Results: Profit after tax at Rs 199 cr as sales improve
Hinduja group flagship Ashok Leyland has reported a profit after tax of Rs 199 crore for the second quarter ended September 30, aided by robust sales across segments. It had posted a net loss of Rs 83 crore in the September 2021 quarter, the commercial vehicle major stated in a late-night regulatory filing on Thursday. [...]
Pricol Ltd Q2 Results: Consolidated net profit at Rs 47.52 cr
Pricol Ltd has recorded a consolidated profit for the July-September 2022 quarter at Rs 47.52 crore, the company said on Friday. The city-based automotive technology company had registered consolidated profit at Rs 14.66 crore during corresponding quarter of previous year. For the half year ending September 30, 2022 the consolidated profit grew to Rs 68.12 [...]
Eicher Motors Q2 Results: Consolidated profit after tax up 76%
Eicher Motors on Thursday said its consolidated profit after tax increased 76 per cent to Rs 657 crore in September quarter, aided by brisk sales across domestic and international markets. The company had reported a net profit of Rs 373 crore for July-September 2021-22. Total revenue from operations increased to Rs 3,519 crore from Rs [...]
5 Stocks that hit upper circuit of 20% today; Check the details
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 closed in red on Thursday, the weekly F&O expiry. BSE Sensex fell more than 400 points or 0.6 per cent to trade below 60,650, while NSE Nifty 50 index reclaimed the 18000 level from the bears to end mostly flat. Despite the decline, here are [...]
Stocks in focus: Which companies will be declaring their results this week?
Bulls took a breather on Thursday and the markets took a downturn on Thursday. Benchmark indices halted a two-day winning run. The BSE Sensex was quoting at 60,686 points, down 347 points, while the NSE Nifty 50 was quoting at 18,052 points, down 104 points or 0.57%. After withdrawing funds in the last two months, [...]
MUM BULLION CLOSING RATES
MUMBAI, NOV 10 (PTI) MUMBAI BULLION CLOSING RATES :- CLOSING RATES SILVER SPOT (IN RS PER KILO) : 61200.00 STANDARD GOLD (99.5) : 51308.00 PURE GOLD (99.9) : 51514.00 -------------- PTI MUM SVC SVC
Delhi Excise policy case: ED arrests 2 pvt company executives
Two private company executives were arrested on Thursday by the Enforcement Directorate (ED) in a case related to alleged irregularities in the now-scrapped Delhi excise policy in which Delhi Deputy Chief Minister Manish Sisodia is an accused. The two arrested were Benoy Babu, general manager of liquor company Pernod Ricard, and P Sarath Chandra Reddy, [...]
PFC Q2 Results: Reports highest ever quarterly profit of Rs 5,229 cr
Power Finance Corporation (PFC) on Thursday posted its highest ever quarterly profit after tax of Rs 5,229.33 crore for September quarter 2022-23 mainly due to higher revenues. The consolidated profit is 4 per cent higher as compared to the year-ago period when it logged a profit of Rs 5,023.42 crore, it said in a BSE [...]
Kalyan Jewellers India Q2 Results: Consolidated PAT up 54.02%
Kalyan Jewellers India on Thursday reported a 54.02 per cent growth in consolidated profit after tax (PAT) at Rs 105.92 crore during the quarter ended September 30. The jewellery retailer's PAT stood at Rs 68.77 crore during the corresponding period of the previous financial year, Kalyan Jewellers India said in a regulatory filing. Revenue from [...]
Multibagger sugar stock has announced a buyback of Rs 145 crores; Check the details
The shares of Balrampur Chini Mills Limited were trading 1.5 per cent lower till Thursday afternoon at Rs 324 levels. For the past month, the stock has been volatile and has shed approximately 10 per cent. However, the stock has delivered a multibagger return of 118 per cent in 2 years as the share price [...]
Stock jumps 9% after announcing a dividend of ₹ 50 per share and a 1:1 bonus
The shares of Gloster Ltd gained 9.25% on Thursday’s early trades to reach an intraday high of ₹ 2,024.80 apiece on the Bombay Stock Exchange (BSE). Its shares were trading 5.11% higher at ₹ 1948.00 apiece at 12:12 PM on Thursday. Gloster Ltd is engaged in the business of manufacturing and exporting all kinds of [...]
Flipkart burns over USD 3.7 billion cash in about a year till Sep 2022
E-commerce major Flipkart has burnt cash of USD 3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Flipkart had USD 1 billion in cash in July 2021, which came down to USD 887 million by September 2022. The company, in July 2021, raised USD 3.6 billion (about [...]
LIC buys an additional 2% stake in this Tata Group Stock for ₹ 635 crores
The Life Insurance Corporation of India (LIC) has increased its stake in a Tata group stock, Voltas Limited, by buying an additional 2%. The insurance behemoth also referred to as a Domestic Institutional Investor (DII) said that it has acquired Voltas' shares worth ₹ 634.50 crores through open market transactions during the period from August [...]
Allcargo Logistics Q2 Results: PAT falls 13% to Rs 230 cr
Allcargo Logistics has reported a 13 per cent fall in consolidated Profit After Tax (PAT) at Rs 230 crore for the quarter ended September 30, 2022. The company's consolidated PAT in the year-ago period was Rs 263 crore, as per a regulatory filing. The income from operations rose 6.5 per cent to Rs 5,300 crore [...]
Tata Motors shares fall 4.6% post Sep qtr earnings
Shares of Tata Motors on Thursday fell by 4.6 per cent in morning trade on bourses, a day after the company reported a net loss of Rs 898 crore for the second quarter ended September 30, 2022. The results were announced post market hours on Wednesday. The stock of the homegrown auto major declined 4.68 [...]
Prestige Estates Q2 Results: Consolidated net profit rises 80% to Rs 141 crore
Realty firm Prestige Estates Projects Ltd on Wednesday reported an 80 per cent increase in its consolidated net profit at Rs 140.7 crore in the September quarter of this fiscal year. Its net profit stood at Rs 78.3 crore in the year-ago period, Prestige Estates Projects said in a regulatory filling. Total income rose to [...]
Bayer Cropscience Q2 Results: Net profit rises to Rs 163 crore
Bayer Cropscience Ltd on Wednesday posted a 5.51 per cent increase in net profit at Rs 162.6 crore in the September quarter. The company had a net profit of Rs 154.1 crore in the same quarter previous fiscal, according to a regulatory filing. Total income increased to Rs 1,451.9 crore in the second quarter of [...]
Bajaj Consumer Care Q2 results: Consolidated net profit dips 32%
FMCG firm Bajaj Consumer Care Ltd on Wednesday reported a decline of 31.93 per cent in its consolidated net profit at Rs 31.65 crore for the second quarter ended September. The company had reported a net profit of Rs 46.50 crore in the July-September quarter a year ago, said Bajaj Consumer Care, part of the [...]
Why is taking so long to divest a stake in IDBI?
The government in early October had invited bids for the sale of stake in IDBI Bank, however it first announced a plan to sell the IDBI in 2016. It has taken a while and the government is yet to sell its stake in the bank. IDBI or the Industrial Development Bank of India landed into [...]
The Ramco Cements Q2 Results: Consolidated net profit down 99%
The Ramco Cements on Wednesday reported 99.28 per cent decline in consolidated net profit at Rs 3.71 crore for September quarter 2022-23 on on account of sharp rise in fuel prices and weak cement rates. The company had logged a net profit of Rs 516.77 crore in July-September period a year ago, The Ramco Cements [...]
Nykaa to trade ex-bonus soon; Check the details
The shares of Fsn E-Commerce Ventures Ltd Nykaa declined by approximately 3.16 percent to end at Rs 1,040 on Wednesday. The stock will trade ex-bonus tomorrow i.e, November 10th, 2022. Last month the board of the company approved the issuance of bonus equity shares in the ratio of 1:5. This means that the company will [...]
Tata Motors Q2 Results: Net loss narrows to Rs 898 cr
Tata Motors on Wednesday reported a net loss of Rs 898 crore for the second quarter ended September 30, 2022. The auto major had reported a net loss of Rs 4,416 crore in the July-September period of the last fiscal. Total income, however, increased to Rs 80,650 crore in the period under review, as compared [...]
Cochin shipyard Ltd bags Rs 1000 cr worth international export order
The Cochin Shipyard Ltd has bagged a prestigious international export order with a European client for the construction of Commissioning Service Operation Vessels (‘CSOVs’) for offshore wind farms. The contract is valued at around Rs 1000 crore, with potential for more orders in the series, a CSL statement here said. With the attention turning towards [...]
TVS Motor, Amazon India join hands to boost electric mobility
Amazon India and TVS Motor Company have joined hands to strengthen electric mobility in the country, the companies said in a joint statement on Wednesday. As part of the collaboration, a fleet of electric two-wheelers and three-wheelers from TVS Motor will be deployed for Amazon's last-mile deliveries. In addition, the two companies will work in [...]
Investors lose ₹ 9,000 per share after company announced its Q2 results
Investors lost ₹ 9,000 per share after MRF’s share price plunged 9.48 percent on Wednesday to reach an intraday low of ₹ 85901.65. This happened after the company reported a substantial decline in its margins. Its shares were trading at ₹ 86,724.10 apiece, 8.60 per cent lower at 02:51 PM on Wednesday. The Chennai-based tyre [...]
BEML Q2 Results: Consolidated profit rises 52.5% to Rs 16.26 cr
State-run BEML on Wednesday reported a 52.5 per cent rise in consolidated profit at Rs 16.26 crore for the July-September quarter on lower expenses. The company had posted a consolidated profit of Rs 10.66 crore in the year-ago period, BEML said in a regulatory filing. However, the consolidated total income of the company during the [...]
Stock hits upper circuit of 20% after company reports 764% increase in net profit
The shares of Honda India Power Products Ltd climbed a whopping 20% on Wednesday’s early trades to reach an intraday high of ₹ 2205.35 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 2115.00 a piece, up 15.08%, at 01:03 PM on Wednesday. Honda India Power Products, formerly Honda India Power [...]
Godrej Properties Q2 Results: Consolidated net profit rises 54%
Realty firm Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 54.96 crore for the second quarter ended September on higher income. Its net profit stood at Rs 35.73 crore in the year-ago period. Its total income also rose to Rs 369.20 crore in the second quarter [...]
Why are PSU Banks performing better than private banks? Will they continue to do better?
The Nifty PSU Bank index stole the market’s thunder, as it zoomed to the tune of 11% in the past week to reach 3781.90 points! This move was propelled by the pleasantly surprising results posted by index heavyweights, Bank of Baroda, Canara Bank and the State Bank of India at the beginning of this week. [...]
Agrochemical Stock jumps 11% and reaches all-time high after robust Q2 Results
The shares of PI Industries Ltd gained more than 11 per cent and reached its all-time high of Rs 3,688.15 in the early hours of Wednesday. The company is making new highs after it reported a 31 per cent Year on Year (YoY) growth in its revenue which stood at Rs 1,770 crore in Q2FY23 [...]
Metropolis Healthcare Q2 Results: PAT declines to Rs 40 cr
Diagnostic service provider Metropolis Healthcare on Tuesday reported a consolidated profit after tax of Rs 40.5 crore for the second quarter ended September 30. The company had reported a profit after tax of Rs 58.4 crore in the year-ago period. Its revenue from operations fell marginally to Rs 300.3 crore during the period under review [...]
Multibagger midcap stock approves ₹ 800 crore buyback, divests stake in an associate company
Triveni Engineering and Industries Ltd, a mid-cap company has announced a ₹ 800 crore buyback. Further, it informed the bourses that it has divested its stake in an associate company, Triveni Turbine Ltd, adding to the recognition of its exceptional income. Triveni Engineering and Industries is an integrated sugar manufacturing company, which is also involved [...]
Multibagger stock surges 35.60% in five days after announcing stock split; Check the details
The shares of Chandra Prabhu International Ltd, surged 11.30% on Monday and closed at ₹ 173.30 apiece on the Bombay Stock Exchange (BSE). The company has given multibagger returns and has set the record date for a stock split. Chandra Prabhu International is engaged in the trading of agricultural food products, coal, fertilizers, petroleum products [...]
Welspun India Q2 Results: Consolidated net profit down 96%
Home textiles major Welspun India Ltd on Tuesday reported a 95.86 per cent decline in its consolidated net profit to Rs 8.33 crore for the second quarter ended September 30, mainly due to high input costs. It had posted a consolidated net profit of Rs 201.50 crore in the July-September quarter a year ago, Welspun [...]
Godrej Consumer Q2 Results: Consolidated net profit falls 25%
FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a decline of 25.06 per cent in its consolidated net profit at Rs 358.86 crore for the second quarter ended September. It had posted a net profit of Rs 478.89 crore in the July-September quarter a year ago, GCPL said in a regulatory filing. The [...]
Vijay Kedia increases stake in this multibagger stock that gave 397% returns!
Ace investor, Vijay Kedia, has increased his stake in Elecon Engineering Company, a small-cap stock that has given multibagger returns, according to the latest filings. As per the latest corporate shareholdings, the marquee investor publicly holds 16 stocks with a net worth of over ₹ 771.9 Crore. Elecon Engineering Company is engaged in the design [...]
IOC, HPCL, BPCL loss at Rs 2,749 crore in Q2; total loss in H1 reaches Rs 21,201 crore
State-owned oil marketing companies IOC, BPCL and HPCL posted a second consecutive quarterly loss totalling Rs 2,748.66 crore in July-September as a one-time LPG payout by the government could not mask the losses from petrol and diesel prices freeze. According to stock exchange filings by the three fuel retailers, the losses were due to erosion [...]
₹ 1.44 to ₹ 1232: This Multibagger stock has converted ₹ 1 lakh to ₹ 8.54 crores
This multibagger stock has given 85316 percent returns and ICICI Securities sees further upside in it. Staying invested in shares for a long period of time has investors make fortunes, especially when the fundamentals are strong. Sometimes the share price of companies increases gradually, as a result, patient investors reap multibagger returns. Havells India’s shares [...]
Bikaji Foods IPO subscribed 26.67 times on last day of offer
The initial public offering of Bikaji Foods International was subscribed 26.67 times on Monday, the last day of subscription. The Rs 881.22-crore IPO received bids for 55,04,00,900 shares against 2,06,36,790 shares on offer, as per data available with the NSE. The quota meant for Qualified Institutional Buyers (QIBs) received 80.63 times subscription, while the non-institutional [...]
Sintex Industries Q2 Results: Consolidated Net loss widens to Rs 278 cr
Textiles maker Sintex Industries on Monday reported widening of consolidated net loss to Rs 277.93 crore for September quarter 2022-23. The company had incurred a net loss of Rs 181.92 crore during July-September period a year ago, Sintex Industries said in a regulatory filing. Revenue from operations was up at Rs 692.16 crore from Rs [...]
Smallcap Multibagger stock to trade Ex-right this week; Check the details
The shares of Rungta Irrigation Ltd were locked in the upper circuit of 5 per cent in the early hours on Monday at Rs 43.25 levels. In the past six months, the stock has gained approximately 76 per cent. In November 2021, the shares were trading at Rs 20.85 a piece on BSE. From there [...]
Aditya Birla Capital Q2 Results: Consolidated net profit jumps 30%
Aditya Birla Capital on Monday reported its highest-ever quarterly profit at Rs 488 crore on a consolidated basis for the quarter ended September 2022, up by 30 per cent from a year ago, led by growth momentum across businesses. It had posted a net profit of Rs 377 crore in the same period a year [...]
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