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IT stocks jumps 3% after iShares Cybersecurity bought stake worth ₹90 Cr in the company
In Monday’s trading session, the shares of one of the leading IT stocks specialized in digital governance, e-governance services, and IT infrastructure jumps upto 3 percent after iShares Cybersecurity and Tech ETF buys stake in it worth ~Rs. 90.23 crores. Price action With a market capitalization of 8,130.57 Crores on Monday, the shares of Protean [...]
Pharma stock jumps 5% after receiving supply order worth ₹18 Cr from UNFPA for condoms
In Monday’s trading session, the shares of one of the leading Pharma stocks specialised in the manufacturing of female condoms, personal lubricant, and IVD kits jumps upto 5 percent upon receiving new work order worth ~Rs. 18.20 crores from United Nations Population Fund (UNFPA). Price action With a market capitalization of 2,114.45 Crores on Monday, [...]
Infra stock jumps 5% after receiving order worth ₹106 Cr from NHAI
Infra stock primarily engaged in the construction of roads, bridges, tunnel works, and many more jumped upto 5 percent in the day’s trade upon receiving a new work order worth ~Rs.106 Crores from NHAI. Price action With a market capitalization of Rs. 872 Crores, the shares of SRM Contractors Limited were trading at Rs. 592 [...]
Stock jumps 7% after company announces 1:5 stock split
Shares of this micro-cap seafood export company which is in the business of sourcing, processing, and packaging Shrimps for the international market is up 7 percent to Rs.272 per share, following the board of directors approved share split in the ratio of 1:5. Price Variation In Monday’s session, Coastal Corporation Limited's share price jumped 7 [...]
EV stock jumps 5% after receiving ₹1,800 Cr order for supply of electric buses
In Monday’s trading session, the shares of one of the leading electric bus manufacturers specialized in the manufacturing of EV’s, automotive components and providing integrated solutions jumps upto 5 percent upon receiving new work orders from Ahmedabad Janmarg Limited and others worth ~Rs. 1,800 crores. Price action With a market capitalization of 19,384 Crores on [...]
Pharma stock jumps after getting approval from UK’s MHRA for its cancer drug
Cancer drug pharmaceutical companies play a crucial role in developing innovative therapies to combat the rising incidence of cancer globally. As India faces a significant increase in cancer cases, experts predict it may become the "cancer capital of the world." Factors such as lifestyle changes, environmental pollution, and genetic predisposition contribute to this alarming trend. [...]
Nuclear energy stock jumps 3% after JV with Abu Dhabi based firm for seals repairs and maintenance
Nuclear energy stock engaged in designing and manufacturing high-precision & heavy-duty mechanical seals widely employed in various nuclear & thermal projects jumped upto 3 percent in the day’s trade following the incorporation of JV in Abu Dhabi. Price action With a market capitalization of Rs. 526 Crores, the shares of Sealmatic India Limited were trading [...]
Pharma stock in focus after it acquired 56% stake in NJ Bio Inc for $64 Mil.
India is often referred to as the "Pharma Capital of the World" due to its dominant position in the global pharmaceutical market, particularly in generic drugs and Contract Development and Manufacturing Organizations (CDMOs). India supplies over 40% of the global demand for generics, making it the largest producer of affordable medicines worldwide. The country’s robust [...]
Penny stock hits 5% upper circuit after receiving order from BEML for seat kit
Penny stock engaged in manufacturing Metro Rail Rolling Stock Products, Railway Signaling Products, Infrastructure Products, and many more related to it, hit a 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 2.28 from BEML Limited. Price Action With a market capitalization of Rs. 86.13 Crores, the shares [...]
JSW Group stock with capex plans of ₹30,000 Cr for capacity expansion
Check out this JSW Group stock engaged in the business of developing, operating, and maintaining port and other infrastructures, which has guidance regarding future plans for growth that involves capex plans of Rs. 30,000 Crores and many more. Price Action With a market capitalization of Rs. 66,328 Crores, the shares of JSW Infrastructure Limited were [...]
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RBI would endeavour to broaden growth impulses, encourage credit flow to productive sectors: Governor Das. PTI DP NKD ANZ DP ANS ANS
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RBI Governor Das says central bank would continue to manage liquidity in a manner to maintain financial stability. PTI DP NKD ANZ DP ANS ANS
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Price stability remains cardinal principle of RBI as it fosters growth, stability: Governor Das while announcing monetary policy. 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
32 lakh weddings in India during Nov 4-Dec 14 to generate Rs 3.75 lakh crore business: CAIT
Around 32 lakh weddings are expected to be solemnised in India between November 4 and December 14, which will generate businesses to the tune of Rs 3.75 lakh crore for the country's trading community, CAIT said on Monday. The Confederation of All India Traders (CAIT) based its assessment on a survey conducted by its research [...]
Brookfield India REIT Q2 net operating income up 48% at Rs 241.3 cr; to distribute Rs 171 cr to unitholders
Brookfield India Real Estate Trust on Monday reported a 48 per cent rise in its net operating income to Rs 241.3 crore for the quarter ended September 30 and announced a distribution of Rs 170.89 crore to unitholders. Its net operating income (NOI) stood at Rs 162.8 crore in the year-ago period. In a regulatory [...]
Ujjivan SFB posts highest-ever quarterly profit at Rs 294 cr in Sept qtr
Ujjivan Small Finance Bank (SFB) on Monday reported its highest-ever quarterly profit at Rs 294 crore in the September quarter, led by a strong disbursal growth and fall in bad loans. The bank had posted a net loss of Rs 274 crore in the year-ago period. However, compared sequentially, the net profit was up by [...]
Multibagger smallcap stock surges 16% after Ashish Kacholia buys stake via bulk deal
According to bulk deals data available on the Bombay Stock Exchange (BSE), 'Big Whale', Ashish Kacholia has bought a fresh stake in Raghav Productivity Enhancers Ltd, a stock that has given multibagger returns. Raghav Productivity Enhancers, formerly Raghav Ramming Mass, manufactures quartz-based ramming mass, quartz powder and tundish board. It is a producer of ramming [...]
FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue
The shares of Britannia Industries Limited reached its new 52-week high of Rs 4,190 in the early hours of Monday. Till the afternoon, the stock was trading 9 percent higher at Rs 4,147 levels. The rally in the shares led the company’s market capitalization to cross the Rs 1 lakh crore mark. The stocks jumped [...]
5 Stocks that will start trading Ex-dividend this week; Do you own any?
When a company announces the payment of dividends, the board decides on two important dates i.e, the Record date and the ex-dividend date. To be eligible for receiving the dividends, the investor must hold the stock on the ex-date. Followed by this comes the record date on which the company will check its record to [...]
India Cements Q2 Results: Consolidated net loss at Rs 113.26 cr, Revenue up 7.46%
India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022. The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing. Its revenue from operations was up 7.46 per [...]
Inox Green IPO to open on Nov 11; sets price band at Rs 61-65 per share
Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its Rs 740-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 11 and conclude on November 15, and the bidding for anchor investors will open on November 10, the [...]
Tirupati temple richer than Wipro, Nestle, ONGC
Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC. Tirumala Tirupati Devasthanams, keeper of the temple dedicated to Tirupati's presiding deity, for the [...]
Stock jumps up 12% after acquiring a stake in a US-based consulting group
Leading skills and talent development corporation, NIIT’s share price rose by a whopping 12.87% to reach an intraday high of ₹ 331.90 apiece on the National Stock exchange. Its shares were trading at ₹ 324.50 apiece, up 10.36% at 11:53 AM on Monday. The company on Saturday announced that it has acquired 100% membership interest [...]
PSU stock reaches new highs post strong Q2; Analysts see 32% upside
The shares of the largest bank in India, SBI scaled to a new 52-week high of Rs 622.70 as soon as the markets opened on Monday. The PSU bank became the most profitable firm in the September quarter in India after it reported its highest quarterly net profit of Rs 13,264 crore which was an [...]
Reliance set to acquire METRO Cash & Carry India in 500 million euros deal
Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going [...]
Top Stock Picks: 6 Stocks to BUY for an upside of more than 60%
Indian benchmark indices closed in green amid mixed global cues on Friday. The NSE Nifty 50 rose over 64.45 points or 0.36% to close at 18,117.15, whereas BSE Sensex was up over 113 points or 0.19% to end the week at 60,950 levels. With the rising optimism in the market, here are 6 stocks with [...]
Weekly Recap: Bulk deal in Axis Bank, Airtel 5G customers increase and More!
Equity benchmark indices made a positive start on Monday. Benchmark indices were in the green during early trades amid firm global market trends and fresh foreign fund inflow. The BSE Sensex climbed 563.09 points to quote at 60,522.94 points, while the NSE Nifty 50 advanced 161.55 points to quote at 17,948.35 points On Friday, the [...]
Triveni Engineering Q2 Results: Consolidated profit jumps 1,408%
Sugar firm Triveni Engineering & Industries Ltd on Saturday reported a multi-fold jump in its consolidated profit to Rs 1,387.76 crore for the quarter ended September on one-off gains. Its net profit stood at Rs 92.47 crore in the year-ago period. Total income rose to Rs 1,483.33 crore in the second quarter of this fiscal [...]
Bank of Baroda Q2 Results: Net profit rises 59% to Rs 3,313 cr
State-owned Bank of Baroda on Saturday reported a jump of 59 per cent in its net profit to Rs 3,313 crore for the second quarter ended September on the back of a decline in bad loans and rise in interest income. The lender had posted a net profit of Rs 2,088 crore in the corresponding [...]
DCB Bank Q2 Results: Net profit jumps 73% to Rs 112 cr
Private sector DCB Bank on Saturday posted a 73 per cent jump in net profit at Rs 112 crore for the quarter ended September 2022 on the back of reduction in bad loans. The bank had reported a profit of Rs 63 crore in the year-ago period. Total income of the lender during the July-September [...]
Go Fashion (India) Q2 Results: PAT at Rs 19.3 cr
Go Fashion (India) Ltd which owns the popular women's wear brand 'Go Colors' has recorded a 3.76 per cent rise on its profit after tax for the second quarter ending September 30, 2022 at Rs 19.3 crore, the company said on Saturday. The company had registered profit after tax at Rs 18.6 crore during corresponding [...]
Paradeep Phosphates Q2 Results: Consolidated net profit down 71% to Rs 51 cr
Paradeep Phosphates Ltd's consolidated net profit declined 71 per cent to Rs 51.10 crore in the quarter ended September 2022 on higher expenses. Its net profit stood at Rs 175.19 crore in the year-ago period. Total income, however, rose to Rs 2,869.81 crore in the quarter from Rs 1,937.61 crore in the corresponding period of [...]
SBI Q2 Results: Net profit jumps 74% YoY
State Bank of India on Saturday reported the highest-ever quarterly profit at Rs 13,265 crore, up 74 per cent year-on-year, for the September quarter of FY23, buoyed by robust loan sales, higher interest income and lower provisions. The country's largest lender said its total income increased to Rs 88,734 crore during the quarter under review [...]
EKI Energy Services Q2 Results: Standalone net profit rises to Rs 95 crore
EKI Energy Services on Friday posted a 17.7 per cent increase in its standalone net profit to Rs 95.2 crore in the September quarter, mainly on the back of higher revenues. The standalone net profit of the company was Rs 81.2 crore in the same quarter preceding fiscal, a company statement said. Total income (standalone) [...]
SBI Mutual Fund increases stake in this blue-chip IT stock; Are you holding it?
The shares of Infosys Limited were trading 1 per cent lower and closed at Rs 1,516 on Friday. The stock, like its peers in IT companies, has been on a downtrend for the last few months. Recently SBI Mutual Fund bought an additional stake in the company. During the July to September 2022 quarter, they [...]
Elgi Equipments Q2 Results: Standalone PAT at Rs 72.7 crore
Air compressors manufacturer Elgi Equipments reported a standalone profit after tax (PAT) of Rs 72.7 crore for the second quarter that ended on September 30 this financial year, a company release said here on Friday. The standalone PAT for the same quarter in the previous fiscal was Rs 56.9 crore, it said. Consolidated sales for [...]
Shipping Corp Q2 Results: Consolidated net profit drops 49% to Rs 124 cr
Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a 48.81 per cent decline in its consolidated net profit to Rs 124 crore for the second quarter ended September 30, 2022. The shipping company had reported a net profit of Rs 243 crore in the corresponding quarter of the previous fiscal, it said in [...]
TVS Motor Q2 Results: Consolidated net profit rises 59% to Rs 373 crore
TVS Motor Company on Friday said its consolidated net profit increased by 59 per cent to Rs 373 crore for the second quarter ended September 2022, riding on the back of strong sales across markets. The company had reported a net profit of Rs 234 crore in the July-September period of previous fiscal. Revenue from [...]
Multibagger midcap stock approves ₹ 190 crore share buyback
Triveni Turbine, a mid-cap company that manufactures and supplies power-generating equipment and solutions has announced a ₹ 190 crore buyback. Buybacks are tax-efficient ways to return money to shareholders. Companies buy their own shares to improve their ratios or if they believe that the markets have discounted their shares deeply. The company’s board in a [...]
3 Banks in which the President of India holds more than 90% stake
The President of India holds a stake in various companies. As per the data available for the September quarter (Q2FY23), the President publicly holds 73 stocks and has a net worth of over ₹ 20,14,334 Crores. The filings of a few companies for the latest quarter are awaited A few companies in which the President [...]
TVS Credit reports highest ever quarterly profit at Rs 96 cr in Sep’22 on strong consumer demand
TVS Credit, the financial services arm of the TVS group, has reported an all-time high quarterly net profit of Rs 96.24 crore in three months to September 2022, on strong consumer demand. The company had reported a net profit of Rs 26.41 crore in the year-ago period. Total income during the July-September period of 2022-23 [...]
SPIC Ltd Q2 Results: Profit after tax at Rs 108.88 cr
Southern Petrochemical Industries Corporation Ltd (SPIC) Ltd has reported a profit after tax for the quarter ending September 30, 2022 at Rs 108.88 crore, the company said on Friday. The city-based company had reported PAT at Rs 53.64 crore during corresponding quarter previous year. For the year ending March 31, 2022 the profit after tax [...]
Multibagger smallcap stock with 270% returns has announced a stock split; Check the details
A small-cap metals and mining company, Arfin India, has fixed the record date for the purpose of determining the eligibility of Shareholders for the purpose of sub-division/ split of its equity shares. Arfin India Limited is in the business of manufacturing, trading and selling various non-ferrous metal products in the domestic and international markets. The [...]
Multibagger Adani Group stock reports strong Q2 results; Do you own it?
The shares of Adani Enterprise were trading in green till the afternoon on Friday at Rs 3,616 levels. In the past five days, the stock has gained approximately 9 percent. In the past four months, the stock has appreciated by 62 percent. In January 2022, the stock was trading at Rs 1,717 a piece. From [...]
Smallcap Ashish Kacholia stock surges 12% today; Are you holding it?
Rainbow Children's Medicare, an Ashish Kacholia Portfolio stock, climbed 12.26% during early trades on Friday, on the back of good quarterly results. The company’s shares were trading at ₹ 811.05 apiece at 11:30 AM. They closed at 723.25 apiece on Thursday. Rainbow Children's Medicare operates a multi-speciality paediatric, obstetrics, and gynaecology hospital chain in India. [...]
3 Stocks that hit upper circuit of 20% today; Do you own any?
On weekly F&O expiry, the Indian stock market remained subdued, weighed down by weak global sentiment as the US Fed raised interest rates by another 75 basis points. The Indian key indices NSE Nifty 50 declined by 30 points or 0.17% to close at 18051 while the BSE Sensex fell 70 points or 0.11% to [...]
Blue Star Q2 Results: Consolidated net profit rises 35.58% to Rs 42.64 crore
Air conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported a 35.58 per cent rise in consolidated net profit to Rs 42.64 crore for the second quarter that ended September 30 on higher sales. The company had posted a consolidated net profit of Rs 31.45 crore in the same period last fiscal, Blue [...]
UCO Bank Q2 Results: Net profit more than doubles to Rs 504.52 cr
State-owned UCO Bank on Thursday reported a more than two-fold jump in its net profit at Rs 504.52 crore for the quarter ended September 2022 as fall in bad loans resulted in lesser provisioning requirement. The bank had reported a net profit of Rs 205.39 crore in the corresponding quarter a year ago. Total income [...]
Adani Total Gas Q2 Results: Net profit drops 12%
Adani Total Gas Ltd (ATGL) on Thursday reported a 12 per cent drop in its September quarter net profit as higher gas price hurt margins. Net profit of Rs 139 crore in July-September compared with Rs 159 crore profit a year back, the company said in a statement. Gas sales increased 9 per cent to [...]
Apple product distributor’s shares gained 16% in two days after good Q2 results
Redington Ltd, a company that distributes products of Apple in India reported a 26% jump in its profit for the September quarter (Q2FY23). As a result, its share price has climbed 16% in the past two days. Redington's shares were trading at ₹ 157.25 apiece, up 6.39%, at 12:39 PM on Thursday. Redington is a [...]
Ajanta Pharma Q2 Results: Consolidated net profit dips 20% to Rs 156.6 cr
Ajanta Pharma on Thursday reported a 20 per cent decline in consolidated net profit at Rs 156.6 crore in the second quarter ended September 30, impacted by higher expenses and lower sales in the US generics market. The company had posted a consolidated net profit of Rs 195.94 crore in the same period last fiscal, [...]
3 Stocks in which Dolly Khanna has increased her stake; Do you own any?
Ace investor Dolly Khanna is known for picking lesser-known small-cap stocks that tend to outperform the market. Her portfolio is managed by her husband Rajiv Khanna and she has been investing in stocks since 1996. As per the latest corporate filing, Dolly Khanna holds 23 stocks publicly and has a net worth of over ₹ [...]
HPCL reports back-to-back quarterly losses; posts Rs 2,172 cr loss in Q2
Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported Rs 2,172.14 net loss in July-September after losses arising from freezing petrol and diesel prices couldn't be made up by accounting for a one-time government grant that came after the quarter had ended. Standalone net loss of Rs 2,172.14 crore in the second quarter of the current [...]
Indian Bank Q2 Results: Net profit up 13% at Rs 1,225 cr
Indian Bank on Thursday reported 13 per cent rise in net profit at Rs 1,225 crore for September quarter 2022-23 as provisions for bad loans fell. The bank had posted a net profit of Rs 1,089 crore for the year-ago period. Total income in the quarter increased to Rs 12,538 crore from Rs 11,440.42 crore [...]
HDFC Ltd Q2 Results: Consolidated net profit rises 24%
Mortgage lender HDFC Ltd on Thursday said its consolidated net profit increased by 24 per cent to Rs 7,043 crore in the September 2022 quarter. It had reported a Rs 5,670 crore net profit in the year-ago period, HDFC said in a regulatory filing. Its total income on a consolidated basis rose to Rs 43,927 [...]
Adani Wilmar Q2 Results: Consolidated PAT falls 73%
Adani Wilmar on Thursday reported a 73 per cent decline in consolidated Profit After Tax (PAT) at Rs 49 crore during the quarter ending September 30, following a challenging environment. The company's PAT stood at Rs 182 crore in the year-ago period, Adani Wilmar said in a statement. Revenue of the company grew by a [...]
LIC increases stake in this Tata group stock; Analysts see up to 30% upside potential
The largest Insurance company, Life Insurance Corporation (LIC) of India has increased its stake in the Tata group automobile company. In the last quarter, it held 16,59,48,741 shares which represented a 4.997 per cent stake in the company. As per the latest shareholding pattern of Tata Motors, the state insurer has increased its holding to [...]
Mahindra Group stock jumps 11% despite weak Q2 results; Here’s why
The shares of Mahindra & Mahindra Financial Services gained 11.31% to reach an intraday high of ₹ 215.50 apiece on the National Stock Exchange (NSE), even though its consolidated net profit declined by 555.41% in September 2022. Its shares were trading at ₹ 215.15 apiece at 01:00 PM on Thursday. The Mumbai-based non-banking finance company [...]
Multibagger defence stock delivers more than 250% returns in a year
The stock of Axiscades Technologies Ltd. has gained 19.77% in the past five days. It hit a fresh 52-week high of ₹ 303.70 per share on Thursday’s early trades. The present price level gives the Bangalore-headquartered company a market cap of Rs. 1,084 crores making it a small-cap company. Axiscades Technologies is a leading product [...]
Archean Chemical Industries IPO to open on Nov 9; sets price band at Rs 386-407/share
Archean Chemical Industries, a speciality marine chemical manufacturer, on Thursday said it has fixed a price band of Rs 386-407 a share for its Rs 1,462-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 9 and conclude on November 11. The bidding for anchor investors will open on November [...]
Important details about Bikaji Foods IPO; Should you subscribe?
Bikaji Foods International is one of India’s largest fast-moving consumer goods (“FMCG”) brands with an international footprint. It is engaged in selling Indian snacks and sweets and is among the fastest-growing companies in the Indian organized snacks market. Here are some key details about the IPO that retail investors should know about: IPO Size: The [...]
Manali Petrochemicals Q2 Results: Standalone PAT at Rs 11.71 crore
Petrochemical manufacturing firm Manali Petrochemicals Ltd reported a standalone profit after tax (PAT) at Rs 11.71 crore for the second quarter ending September 30, 2022, the company said on Wednesday. The city-based company which is a part of the AM International, Singapore, had reported standalone PAT at Rs 119.62 crore during the corresponding quarter in [...]
Orient Green Power Q2 Results: Consolidated net profit falls 43%
Orient Green Power Company Ltd (OGPL) on Wednesday reported a 43 per cent decline in its consolidated net profit at Rs 33.80 crore in the July- September quarter of FY23. The consolidated net profit of the company was Rs 59.65 crore in the quarter ended on September 30, 2021, a BSE filing stated. Total income [...]
Dalmia Bharat Q2 Results: Consolidated net profit falls 77%
Cement maker Dalmia Bharat Ltd on Wednesday reported a 76.84 per cent decline in consolidated net profit at Rs 47 crore for the quarter that ended September. The company had posted a net profit of Rs 203 crore during the July-September quarter a year ago, Dalmia Bharat said in a regulatory filing. Its revenue from [...]
AirAsia sells remaining stake in AirAsia India to Air India
Malaysia's AirAsia on Wednesday said it has entered into a pact with Air India to sell its remaining stake in budget carrier AirAsia India. Tata group and the Malaysian entity-owned AirAsia India started flying in June 2014. In a statement, AirAsia Aviation Group Ltd said it has entered into a share purchase agreement to sell [...]
2 Stocks that hit 52 week high after strong Q2 results; Are you holding any?
The Indian markets ended in red ahead of the US Federal Reserve meeting outcome later tonight. The BSE Sensex ended 215 points lower at 60,906. The broader index NIfty50 lost 62 points to settle at 18,083. Amid the volatile markets, here are two stocks that hit 52 weeks high after strong Q2 results: Sun Pharmaceutical [...]
Adani Group stock gets a BUY call with an upside of more than 30% after strong Q2 results
The shares of Adani Ports and Special Economic Zone Limited were trading marginally lower at Rs 834 levels till the afternoon on Wednesday. In the past five days, the stock has gained approximately 4 per cent. The Adani group company reported a strong quarterly result. In Q2FY23, their revenue from operations grew by 32.8 per [...]
Adani Transmission Q2 Results: Consolidated net profit falls 32%
Adani Transmission on Wednesday reported a 32 per cent dip in its consolidated net profit at Rs 194 crore in September quarter compared to year ago, mainly due to adverse forex movement adjustment. The company explained in a statement that in the second quarter of FY23, consolidated PAT (profit after tax) or net profit of [...]
Airtel says crossed 1 million customers on 5G network amid network build-up
Telecom operator Bharti Airtel on Wednesday said it has surpassed 1 million customers on 5G network within 30 days of its commercial launch even while the network is being built. Earlier, Airtel had announced phase wise roll-out of its 5G services in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi. The services in these [...]
Mahindra Holidays Q2 Results: Consolidated PAT declines 30%
Mahindra Holidays & Resorts India Ltd on Wednesday reported a 30 per cent decline in consolidated profit after tax to Rs 41.39 crore for the second quarter ended September 30, impacted by higher expenses. The company had posted a consolidated profit after tax of Rs 59.76 crore in the same period last fiscal, Mahindra Holidays [...]
Akasa Air to start Bengaluru-Pune flights from Nov 23
Akasa Air will start flights from Bengaluru to Pune from November 23, making the city the ninth destination in the new airline's network. The carrier, which started operations on August 7, expects to cross some 58 daily flights and 400 weekly flights by the end of November, a release said on Wednesday. Owing to rising [...]
Scary November for Paytm, Nykaa and few other stocks as investor lock-in period ends soon
There might be a huge sell-off in November on Dalal Street as a large supply of recently-listed companies will see their lock-in periods ending this month. The list has even high-profile names such as Paytm’s One 97 Communications, Nykaa’s FSN E-commerce, and PolicyBazaar’s parent PB Fintech. The IPO lock-in period is the time span during [...]
LIC Housing Finance declines 10% despite good Q2 results; Here’s why
The shares of LIC Housing Finance Limited saw a free fall on Wednesday after the stock declined by as much as 10 per cent in the early hours. Till 12.15 the stock was trading at Rs 365 levels. The stock declined despite the company reporting an increase in net profit in the latest quarter. The [...]
Multibagger Bank Stock hits 20% upper circuit on robust Q2 earnings
The shares of Karnataka Bank Limited were locked in an upper circuit of 20 per cent in the early hours of Wednesday. The shares soared after the company reported robust Q2 results. In Q2FY23, the Net Interest Income (NII) of the bank increased for the quarter by 26 per cent to Rs 802.73 crore from [...]
Bain Capital sells 0.54% stake in Axis Bank for Rs 1,487 cr
US-based private equity major Bain Capital on Tuesday divested 0.54 per cent stake in private sector lender Axis Bank for Rs 1,487 crore through an open market transaction. According to bulk deal data available with BSE, the private equity firm sold 1,66,80,000 shares, amounting to 0.54 per cent stake in the company. The shares were [...]
UPL Ltd Q2 net profit rises 25.19%; founder Rajju Shroff steps down as CMD
UPL on Tuesday said its consolidated net profit rose 25.19 per cent to Rs 969 crore in the second quarter of FY23 on strong sales, and also announced that founder Rajju Shroff has stepped down as CMD. The agro-chemical company had posted a consolidated net profit of Rs 774 crore during the second quarter previous [...]
Tejas Networks to invest Rs 750 crore under design-led PLI scheme for telecom
Tata Group firm Tejas Networks will invest over Rs 750 crore under design-led Production Linked Incentive (PLI) scheme for manufacturing of telecom and networking products, the company said on Tuesday. Tejas Networks is one of the 42 companies selected for the scheme. "In its application, the company has committed to make a minimum cumulative capital [...]
Infosys to take shareholders’ nod during Nov 3 – Dec 2 for Rs 9,300-cr share buyback
Infosys will seek shareholders' nod for its proposed Rs 9,300 crore share buyback between November 3 to December 2 through postal ballot, the company said in a regulatory filing. The Infosys board on October 13 had announced a share buyback of Rs 9,300 crore via the open market route, for a price not exceeding Rs [...]
Top Stock Picks: 7 Stocks to BUY for an upside of up to 85%
The Indian benchmark indices opened on a positive note on Tuesday. The BSE Sensex was up 363.80 points or 0.60% at 61,110.39, and NSE Nifty 50 jumped 99.50 points or 0.55% to open at 18,111.70. As the markets are on the track to regaining their highs, here are 7 stocks recommended by analysts for an [...]
Sun Pharma Q2 Results: Consolidated net profit rises 10.51%
Sun Pharmaceutical Industries Ltd on Tuesday reported a 10.51 per cent increase in consolidated net profit at Rs 2,262.22 crore for the second quarter ended September 30, 2022. The company had posted a consolidated net profit of Rs 2,047.01 crore in the same period last fiscal, Sun Pharma said in a regulatory filing. Consolidated total [...]
2 Small-cap debt free stocks to add to your watchlist; Are you holding any?
Small-cap stocks tend to provide superior returns as compared to mid-cap or large-cap stocks, however, they tend to be very risky. When chosen incorrectly, they have the tendency to wipe away the capital invested. However, a few small-cap companies are fundamentally strong and end up giving multibagger returns in the long run. Investors should always [...]
LIC shareholding in Tata Motors crosses 5% as per latest Filings
Shareholding by Life Insurance Corporation (LIC) in Tata Motors Ltd has crossed 5 per cent as the insurer stepped up shareholding over the past ten months, investing Rs 11.39 crore in the auto company. LIC said its shareholding in Tata Motors Ltd has increased from 16,59,48,741 to 16,61,98,741 equity shares increasing its shareholding from 4.997 [...]
Varun Beverages’ profit up 53% to Rs 395.48 crore in September quarter
Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 53.34 per cent jump in consolidated profit after tax at Rs 395.48 crore for the September quarter, helped by revenue growth and transition to lower tax rate in India. The company, which follows January-December financial year, had posted a profit after tax of Rs [...]
Tech Mahindra Q2 Net Profit falls to Rs 1,285 crore; 4% decline in consolidated PAT
Tech Mahindra on Tuesday reported a 4 per cent decline in consolidated profit after tax at Rs 1,285 crore in the September quarter. The country's fifth largest IT services exporter had reported a net profit of Rs 1,339 crore in the year-ago period. The company's overall revenue rose 20.7 per cent to Rs 13,129 crore [...]
M&M reports 60% rise in domestic passenger vehicle sales at 32,298 units in Oct
Mahindra & Mahindra Ltd on Tuesday reported a 60 per cent rise in domestic passenger vehicle sales at 32,298 units in October 2022. The company had sold 20,130 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement. Utility vehicle sales were at 32,226 units, as against 20,034 units in [...]
Bajaj Auto’s total sales fall 10% to 3,95,238 units in October
Bajaj Auto Ltd on Tuesday reported a 10 per cent decline in total sales at 3,95,238 units in October. The company had sold a total of 4,39,615 units in the same month last year, Bajaj Auto Ltd (BAL) said in a statement. Total domestic sales were up 11 per cent at 2,42,917 units last month [...]
Byju’s CEO says job cuts necessitated due to macroeconomic developments
Byju's founder and chief executive Byju Raveendran has apologised to the firm's employees for the clumsy layoffs in India's largest education technology company, saying 2,500 job cuts were necessitated to avoid role duplication and reduce redundancies. In a message to employees, Raveendran said Byju's has been compelled to focus on sustainability and capital-efficient growth because [...]
Registration of properties in Mumbai city falls 3% to 8,276 units in Oct
Registration of properties in Mumbai municipal region stood at 8,276 units in October, down 3 per cent from the year-ago period, as sales momentum moderated despite festive demand, according to Knight Frank India. In October 2021, as many as 8,576 units were registered in Mumbai city (BMC area). Real estate consultant Knight Frank India said [...]
TCI Express Q2 Results: Profit after tax grows 12% to Rs 38 cr
Logistics firm TCI Express on Monday posted an about 12 per cent rise in profit after tax (PAT) at Rs 38 crore in the September quarter on account of higher income. The company's PAT stood at Rs 34 crore in the corresponding quarter of the previous financial year, TCI Express said in a BSE filing. [...]
Walmart India FY22 loss widens to Rs 299 crore; revenue up 7% to Rs 5,350 crore
Wal-Mart India Pvt Ltd, which operates Best Price Flipkart wholesale stores, has witnessed its loss widening to Rs 299.01 crore in FY22 despite its revenue from operations going up, according to financial data accessed by business intelligence platform Tofler. Wal-Mart India, in which Flipkart acquired 100 per cent interest in July 2020, had reported a [...]
Tata Steel Q2 Results: Net profit plunges 90% to Rs 1,297 cr
Domestic steel giant Tata Steel on Monday reported a nearly 90 per cent drop in consolidated net profit to Rs 1,297 crore for the July-September quarter of 2023-23, dragged by higher expenses. The company's net profit stood at Rs 12,547.70 crore in the corresponding period of the previous financial year, Tata Steel said in a [...]
LIC picks up over 2% additional stake in Capri Global for Rs 257 cr
Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of Rs 257.37 crore. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of [...]
Airtel Q2 Results: Consolidated net profit jumps 89% to Rs 2,145 crore
India's second largest telecom operator Bharti Airtel on Monday posted an 89 per cent year-on-year rise in consolidated net profit for second quarter ended September 2022 to Rs 2,145 crore, amid improved average realisation per subscriber. The total revenue rose 22 per cent year on year to Rs 34,527 crore during the just-ended quarter, according [...]
Multibagger defence stock with strong order book hits 52 week high
The shares of Avantel Limited opened at Rs 394 on Monday and climbed up by 15 per cent to reach its new 52-week high of Rs 459.90 in the early trading hours. In the past five days, the stock has climbed up by 25 per cent. In a month, it has climbed up by 4 [...]
2 Stocks tank almost 12% post Q2 results; Brokerages see huge upside
Benchmark indices opened in the green as they extended gains to the third session in a row. Strong global cues and steady foreign flows kept the markets higher. The Nifty 50 was at 18000 levels, while the Sensex was at 60740 levels. However, two stocks took a downturn as they missed expectations in terms of [...]
Saregama India Q2 Results: Consolidated net profit up 36%; revenue rises 30%
Music label Saregama India Ltd on Monday reported a 36.42 per cent increase in its consolidated net profit to Rs 46.11 crore for the second quarter ended September 30, 2022. It had posted a net profit of Rs 33.80 crore in the July-September quarter last fiscal, Saregama said in a regulatory filing. Saregama's total income [...]
Motherson Sumi Wiring Q2 Results: Net profit rises 2% to Rs 116.45 crore
Auto component maker Motherson Sumi Wiring India Ltd on Monday reported a 2 per cent rise in net profit at Rs 116.45 crore in the second quarter ended September 30, 2022. The company had posted a net profit of Rs 114 crore in the same period last fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said [...]
Stock hits upper circuit of 20% as company plans to issue bonus shares
The shares of Gloster Limited got locked in an upper circuit of 20 per cent at Rs 1,385 levels till the afternoon on Monday. The stock skyrocketed after the board announced that it will consider a bonus issue of shares. “This is to inform you that a Meeting of the Board of Directors of the [...]
Bikaji Foods sets price band at Rs 285-300/share
Manufacturer of snacks and sweets Bikaji Foods International Ltd on Monday said it has fixed a price band of Rs 285-300 a share for its Rs 881-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 3 and conclude on November 7, the company announced. The IPO will be a [...]
Q2 Preview of L&T, Tata Steel and Bharti Airtel; Check what analysts are expecting
A slew of companies is lined up on Monday to declare their quarterly results. Benchmark indices made a strong opening on Monday, extending gains to the third session in a row. The BSE Sensex and the NSE Nifty 50 jumped more than 1 per cent in early trades. Companies declaring their result today include Larsen [...]
Multibagger Tata Group stock jumps 5% to reach its 52 week high; Do you own it?
The shares of Trent Limited, a tata group stock opened at Rs 1,463 on Monday and climbed by 5 per cent to reach its new 52-week high of Rs 1,542 in the early hours. In the past four months, the stock has climbed by approximately 42 per cent. In October 2020, the stock was trading [...]
Future Enterprises defaults on principal amount of Rs 126.13 cr in Sep
Debt-ridden Future Enterprises has defaulted on a principal amount of Rs 126.13 crore in September, which includes payment obligation of Rs 98.35 crore for NCDs and Rs 27.78 crore to banks, under a one-time restructuring (OTR) scheme. Future Enterprises Ltd (FEL) had entered into the OTR scheme for COVID-hit companies with its consortium of banks [...]
UBL plans Rs 350 cr capex in 2023 to meet expected volume growth
Beer maker United Breweries Ltd, controlled by Dutch multinational brewing company Heineken, plans to infuse around Rs 350 crore as capital expenditure in 2023 to meet the expected volume growth in the country, according to a top company official. The company has "good capex plans" in place for its breweries to meet anticipated volume growth [...]
₹21 to ₹4,944: Multibagger Stock turns 1 lakh to 2.2 crores in just 4 years
National Standard (India) Limited shares have returned 22,479.68% in just four years, rising from Rs 21 to the current level of Rs 4,944 per share on BSE. This demonstrates the power of compounding that can be obtained through long-term investments. If an investor would have invested Rs 1 lakh in the company in October 2019, [...]
4 Fundamentally strong stocks to BUY for an upside of more than 50%
A company that has strong business tends to have robust fundamentals. These companies tend to survive even when they hit turmoil. Here are four fundamentally strong stocks to add to your watchlist for an upside of up to 52%: Jindal Steel & Power Limited The shares of Jindal Steel & Power were trading 3 per [...]
Stocks to BUY: 2 Stocks in which analysts sees up to 94% upside potential
Many newly listed companies are reeling under pressure amid the volatility in the markets. The BSE Sensex closed marginally higher at 59,960 points, up 0.34% on Friday, while the Nifty was quoting at 17,787 points, up 0.28%. Here are two stocks in which CITI sees an upside of up to 94%: Life Insurance Corporation of [...]
Weekly Recap: Reliance’s demerger, Rishi Sunak’s wife’s dividend income and More!
The week started on the auspicious day of Diwali and the beginning of Samvat 2079. The markets were closed on Monday, except for the one-hour-long Muhurat trading session. The markets traded with great positivity and the headline gauges were in the green. The BSE Sensex was at 59830 levels, up 524 points, while the NSE [...]
Blue Dart Express Q2 Results: Consolidated net profit rises marginally by 3%
Domestic courier company Blue Dart Express on Friday reported a marginal rise of 3.4 per cent in its consolidated net profit at Rs 93.6 crore for the quarter ended September 30, 2022. The company had posted consolidated net profit of Rs 90.5 crore in the year-ago period, it said in a BSE filing. The company's [...]
3 Midcap Stocks That Fit The Coffee Can Investing Criteria; Do you own any?
Coffee can investing is the “buy and forget” approach to investing. It is a low-risk strategy to build enormous wealth over a period of time. Investors buy a variety of stocks that have performed consistently and stay invested in them for a long period, say ten years, to be able to generate multibagger returns. The [...]
Dr Reddy’s Q2 Results: PAT up 12% at Rs 1,113 cr
Dr Reddy's Laboratories Ltd on Friday said its consolidated profit after tax (PAT) for the quarter ended September 30, 2022 was up by 12 per cent at Rs 1,112.80 crore as against Rs 992 crore in the same quarter a year ago. Revenues during the quarter under discussion were up by nine per cent to [...]
Nykaa hits all-time low; What should investors do?
The shares of FSN E-Commerce Ventures Ltd Nykaa have reached a new All time low of Rs 975 after it declined by 5 percent till the afternoon on Friday. In the past five days, the stock price has shed approximately 15 percent. In the past month, the stock has shed approximately 22 percent and so [...]
Tata Power Q2 Results: Consolidated net profit rises 85%
Tata Power on Friday reported about an 85 per cent rise in its consolidated net profit to Rs 935.18 crore in the September 2022 quarter, mainly on the back of higher revenue. The consolidated net profit of the company was Rs 505.66 crore in the quarter ended September 30, 2021, a BSE filing stated. The [...]
Vedanta Q2 Results: Consolidated net profit declines 61% to Rs 1,808 crore
Vedanta Ltd on Friday reported a 60.8 per cent decline in consolidated net profit at Rs 1,808 crore for the quarter ended September 30 on the back of higher expenses. The company had posted a consolidated net profit of Rs 4,615 crore in the year-ago period, Vedanta Ltd said in a regulatory filing. The company's [...]
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