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Stocks to Buy: 5 Stocks to buy now for an upside of up to 80%; Are you holding any?
Indian benchmark indices ended lower on December 18 with Nifty around 24,198.85. At close, the Sensex was down 502.25 points or 0.62 percent at 80,182.20, and the Nifty was down 137.15 points or 0.56 percent at 24,198.85. Here are the five stocks with upside potential of up to 79%; Solar Industries Solar Industries India Limited [...]
4 Fundamentally strong stocks trading at a discount of up to 35%; Are you holding any?
After the recent correction in the Indian stock market, identifying fundamentally strong stocks that are trading at a discount presents an enticing opportunity for savvy investors. These established companies often boast solid financial health, consistent revenue growth, and robust management teams, yet may be undervalued due to market fluctuations or temporary setbacks. As a smart [...]
Stocks trading above 200 daily moving average to keep in your radar
The 200-day moving average (200 DMA) is a key technical indicator in stock analysis, often viewed as a critical support or resistance level. It represents the average closing price of a stock over the last 200 trading days, smoothing out short-term volatility and reflecting the stock’s long-term trend. When prices approach the 200 DMA during [...]
Auto ancillary stocks held by Vijay Kedia, Ashish Kacholia and other ace investors to keep in your watchlist
The Indian automobile ancillary industry is set for robust growth, driven by increasing vehicle demand, rapid adoption of EVs, export expansion, and government support through initiatives like the PLI scheme and FAME-II, and it is expected to grow at a CAGR of 8-10 percent and reach $100 billion by FY30 Ace investors are renowned individuals [...]
Value Buy: Is Reliance Industries a golden opportunity to invest right now?
Reliance Industries Limited (RIL), founded by Dhirubhai Ambani in 1966, is one of India's largest conglomerates, with a diverse portfolio spanning petrochemicals, refining, oil & gas exploration, retail, telecommunications, and digital services. Headquartered in Mumbai, RIL is a key player in India’s economy and has a significant global presence. Its subsidiaries, including Jio Platforms and [...]
Will cancer drug manufacturing companies get affected after Russia announces free cancer medicines?
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. [...]
Solar stocks to watch out for after India targets 1 Cr solar installations by FY26
Addressing at CII International Energy Conference & Exhibition 2024, Union New & Renewable Energy Minister Pralhad Joshi said that the government is transforming the entire energy sector as this transformation is driven by a strong belief that a Viksit Bharat by 2047, is closely linked to sustainable and green growth, and the roadmap for this [...]
Market leading stocks trading at a discount of 30%; Do you own it?
In Friday’s trading session, the shares of one of the leading Auto ancillary stocks specialized manufacturing of automotive air conditioning and thermal management solutions, are in focus after trading at a discount of more than 30 percent from 52 week high. Price action With a market capitalization of 4,175.41 Crores on Friday, the shares of [...]
3 Transformer stock with PE less than industry average to keep in your radar
In the dynamic landscape of the transformer industry, identifying stocks with a price-to-earnings (P/E) ratio below the industry average can present valuable investment opportunities. These stocks often indicate undervaluation relative to their peers, potentially offering higher returns as market conditions improve. Investors typically seek such stocks to capitalize on growth while mitigating risk. Analyzing transformer [...]
Mini Ratna stock in focus after company to invest ₹5,500 Cr in renewable energy sector in Bihar
In Friday’s trading session, the shares of one of the Mini-Ratna stocks specialized in the generation of hydroelectric power, in focus following plans to invest Rs. 5,500 crores in the renewable energy sector in Bihar. Price action With a market capitalization of 84,840 Crores on Friday, the shares of National Hydroelectric Power Corporation (NHPC) Ltd [...]
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RBI retains CPI inflation projection at 5.3% in 2021-22: Governor Das. PTI DP NKD ANZ DP ANS ANS
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Cut in excise duty on petrol, diesel to bring down inflation rate on durable basis: Reserve Bank Governor Das. PTI DP NKD ANZ ANS ANS ANS ANS
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RBI retains GDP growth target at 9.5% in FY22: RBI Governor Shaktikanta 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
Dolly Khanna buys stake in this multibagger smallcap stock; Check the details
The shares of J Kumar Infraprojects increased by 8 percent to close at Rs 244 on Thursday. Continuing the rally, the stock was trading 2 percent higher at Rs 248 levels till the afternoon on Friday. In the past month, the stock has shed 13 percent. However, on a YTD basis, the stock has added [...]
Multibagger Stock jumps 6% after declaring its quarterly result; Announces dividend
The shares of Vaibhav Global Ltd zoomed 8.17% on Friday’s early trades to reach an intraday high of ₹ 370.00 apiece on the National Stock Exchange (NSE). This happened after the company reported its quarterly results and declared a dividend. Its shares were trading at ₹ 362.30 apiece, up 5.92% at 01:44 PM on Friday. [...]
Stock jumps 20% on receiving RBI approval for payment aggregator business
Shares of Infibeam Avenues shot up 19.72% on Friday’s early trades to reach a high of ₹ 17.30 on the National Stock Exchange. This happened after the company received a payment aggregator license from the Reserve Bank of India. Infibeam Avenues is a fintech company that provides software development services, maintenance, web development, payment gateway [...]
Multibagger smallcap stock to trade Ex-split on Monday; Check the details
The shares of TD Power Systems Limited were trading 1.4 per cent lower on Friday morning at Rs 616 levels. In the past four months, the stock has zoomed by approximately 33 per cent. In a year, it has gained 82 per cent. TD Power Systems is one of the leading manufacturers of AC Generators [...]
Parag Agrawal’s 11-month tenure as Twitter CEO ends as Elon Musk takes control
When Parag Agrawal was appointed CEO of Twitter in November 2021, the IIT graduate joined a steadily growing club of executives from India rising to the top of global corporations, but the 38-year-old executive's brief tenure at the helm of the social media giant was challenging and chaotic. Less than a year into his job [...]
Indus Towers Q2 Results: Consolidated net profit slumps 44%
Telecom infrastructure company Indus Towers on Thursday reported about 44 per cent fall in its consolidated net profit for September quarter at Rs 872 crore, and said profits remained under pressure due to collection challenges from one of the major customers. The second quarter consolidated revenue at Rs 7,967 crore was up 16 per cent [...]
Fusion Microfinance IPO to open on Nov 2
The initial share sale of microlender Fusion Microfinance, backed by global private equity major Warburg Pincus, will open for public subscription on November 2. The initial public offering (IPO) will conclude on November 4. The bidding for anchor investors will open on November 1, according to the red herring prospectus (RHP). The IPO comprises fresh [...]
RBI to hold special MPC meet on Nov 3 on preparing inflation report
The Reserve Bank has called a special meeting of the Monetary Policy Committee on November 3 to prepare a report on its failure to keep retail inflation below 6 per cent for three consecutive quarters. "Under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act ...an additional meeting of the MPC [...]
This Monopoly stock is down 47% this year; Do you own it?
The shares of Indian Energy Exchange Limited reached its new 52-week low of Rs 133.85 in the early hours of Tuesday. After a day off, the shares started on a weak note again on Thursday and were trading at Rs 139 levels. The shares declined after the company reported a decline of 7 percent in [...]
Why did shares of NMDC fall 20% today? Check the reason
Navratna company National Mineral Development Corporation’s (NMDC) shares were in a free fall on Thursday. They tanked 20% on the bourses to touch a new 52-week low of ₹ 92.25 on the National Stock Exchange (NSE). This happened because the shares started trading ex-steel business, due to a demerger. NMDC Demerger NMDC’s demerger of its [...]
Tamilnad Mercantile Bank Q2 Results: Net profit jumps 37%
Tamilnad Mercantile Bank (TMB) on Thursday reported a 37 per cent rise in net profit at Rs 262 crore for the July-September quarter for FY23 on growth in income and fall in bad loans. The bank had earned a net profit of Rs 191 crore for the year-ago period. This is the first quarterly results [...]
PNB Housing Finance Q2 Results: Net profit rises 12% at Rs 263 cr
PNB Housing Finance on Thursday reported 11.7 per cent rise in net profit at Rs 262.63 crore for September quarter 2022-23 on a modest rise in core income. The non-banking finance company had logged a net profit of Rs 235.21 crore in the year-ago period. Total income increased to Rs 1,683.43 crore from Rs 1,586.41 [...]
Tata Group stock near 52 week high; Analysts see further upside of 17%
The shares of Titan Company, a tata group stock, opened at Rs 2,699 on Thursday and climbed by 2 per cent to reach a high of Rs 2,757 in the early hours. The stock is trading near its 52-week high of Rs 2,768 which it reached in September this year. In the past four months, [...]
Multibagger petroleum stock tanks 11% after sharp decline in net profit
IndianOil’s group company, Chennai Petroleum Corporation’s shares tanked after the company reported its quarterly results for the September quarter (Q2FY23). The company’s shares were trading at ₹ 208.00 apiece at 11:47 AM on Thursday. This is an 11.22% fall as compared to its closing price of ₹ 234.30 apiece on Tuesday’s closing bell. On a [...]
3 Multibagger smallcap stocks in which Ashish Kacholia has invested this quarter
Ashish Kacholia, commonly known as the ‘Big Whale’ of the Indian stock market is followed by many investors as he is popular for picking multibagger stocks from various industries. As per the latest corporate shareholdings filed, Ashish Kacholia publicly holds 42 stocks with a net worth of over Rs. 1,884.3 Crores. Out of them, here [...]
Dabur Q2 Results: Consolidated net profit slips 2.8%; revenue up 6%
Homegrown FMCG major Dabur India on Wednesday reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30 due to high inflation impacting consumption. The company had posted a net profit of Rs 505.31 crore in the July-September quarter a year ago, Dabur India [...]
Gland Pharma Q2 Results: Consolidated net profit dips 20.14%
Gland Pharma Ltd on Wednesday reported a 20.14 per cent decline in consolidated net profit at Rs 241.24 crore for the second quarter ended September 30, on lower sales and higher expenses. The company had posted a consolidated net profit of Rs 302.08 crore in the same period last fiscal, Gland Pharma said in a [...]
Century Textiles Q2 Results: Consolidated net profit rises 59%
Century Textiles and Industries, a part of the Aditya Birla Group, on Wednesday reported 59.38 per cent rise in consolidated net profit at Rs 69.97 crore for September quarter 2022-23. In the year-ago period, the profit stood at Rs 43.9 crore, the company said in a regulatory filing. Total income from operations rose to Rs [...]
Zee-Sony merger: Groups agree to sell 3 Hindi channels to address anti-competition concerns
Media groups Sony and Zee have voluntarily agreed to sell three Hindi channels -- Big Magic, Zee Action and Zee Classic -- to address possible anti-competition concerns arising out of their proposed mega-merger deal. They submitted their proposal to the Competition Commission of India (CCI), which cleared the deal, subject to certain modifications on October [...]
Fundamentally strong bank stock near 52-week high; Analysts see a 35% upside in it
The shares of ICICI Bank Limited inched marginally higher to touch its new 52-week high of Rs 943.25 in the early hours of Tuesday. Till afternoon, the stock was trading at Rs 931 levels. The shares rallied after the bank posted a robust Q2 result. The Net Interest Income (NII) of the bank stood at [...]
Play Store policies: CCI slaps Rs 936.44 crore penalty on Google for unfair biz ways
The Competition Commission on Tuesday slapped a penalty of Rs 936.44 crore on Google for abusing its dominant position with respect to Play Store policies and directed the company to cease and desist from unfair business practices. In a release, the Competition Commission of India (CCI) said it has also directed to modify its conduct [...]
New Reliance company to list on exchanges soon after demerger; Check the details
Mukesh Ambani-led Reliance Industries Ltd (RIL) recently announced that it is set to demerge its financial services arm and list it on the Indian stock exchanges. The demerge will be done through a share-swap agreement. This means that the company will issue one equity share of the newly listed Jio Financial Services Ltd (JFSL) for [...]
Multibagger stock coming up with a bonus issue sets record date as 28 October
The shares of Sikko Industries Limited are trading 2.15 per cent higher till 11.45 on Tuesday at Rs 133 levels. In the past five days, the stock has shed approximately 7 per cent. However, the stock price has surged from Rs Rs 43.30 around the same time in July to the current levels logging a [...]
CDSL Q2 Results: Consolidated net profit falls 7% to Rs 80 crore
Leading depository CDSL has reported a 7 per cent decline in its consolidated net profit to Rs 80 crore in three months ended September 2022. In comparison, the depository had posted a net profit of Rs 86 crore in the year-ago period, Central Depository Services (India) Limited (CDSL) said in statement. The company's total income [...]
Top Stock Picks: 9 Stocks to BUY for a potential upside of up to 140%
Domestic headline gauges started in the green on Tuesday but were dragged to the red tracking losses in oil & gas, and FMCG stocks. The Sensex shrunk by 0.33% by 11:56 AM on Tuesday and was quoting at 59,634.70 points, while the Nifty declined 0.28% to quote at 17,680.85 points. As markets fluctuate, here are [...]
Rishi Sunak’s wife Akshata earned Rs 126.6 cr dividend income from Infosys in 2022
Akshata Murty, wife of Britain's incoming Prime Minister Rishi Sunak, earned Rs 126.61 crore (USD 15.3 million) in dividend income in 2022, from her shareholding in India's second-largest IT firm Infosys. Murthy, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to [...]
Pharma Stock tanks 14% in 3 days; Analysts see an upside of up to 39%
Laurus Labs, a pharmaceutical company has been on the losing run for three sessions in a row. Its shares fell by 5.56% on Tuesday’s early trades and were quoting at ₹ 453 levels. Its shares were at ₹ 525 levels on October 21, 2022, and the current share price indicates a fall of 13.71% in [...]
5 Stocks that will start trading Ex-dividend this week; Are you holding any?
The corporate earnings season has already started. October marks the beginning of the third quarter, but with Q2 results being announced, come announcements of dividends. Investors eagerly hope for corporate actions like dividends that help them make extra money during the festive season. The ex-date and the record date are two significant dates when it [...]
Multibagger stock with 677% returns to trade Ex-split soon; Check the details
The shares of Kshitij Polyline Ltd were locked in an upper circuit of 5 percent and reached its new 52-week high of Rs 264.65 in the early hours of Tuesday. The stock has been on an uptrend for the last five days and has gained approximately 22 percent. Kshitij Polyline Ltd is one of the [...]
₹ 0.5 to ₹ 293: This multibagger logistics stock turned ₹ 1 lakh to ₹ 5.4 crores
The shares of Aegis Logistics Limited have delivered 52,430 per cent returns as they have zoomed from Rs 0.5 to the current levels of Rs 293 a piece in twenty years. This shows the power of compounding which can be achieved by long-term investments. If an investor would have invested Rs 1 lakh in Aegis [...]
Best Agrolife Q2 Results: Consolidated net profit jumps five fold to Rs 129.81 cr
Agro chemicals firm Best Agrolife Ltd has clocked an over five-fold jump in its consolidated net profit at Rs 129.81 crore for the quarter ended September on higher sales. Its net profit stood at Rs 25.18 crore in the year-ago period, the company said in a statement. Total income also more than doubled to Rs [...]
Weekly Recap: Tata Elxsi’s shares tanked, Why MakeMyTrip was penalized? and more
Domestic Benchmark indices displayed a strong showing on Monday, as they added around 0.8%. The thirty-share index (BSE Sensex) jumped 500 points and ended at 58410 points, while the thirty-share index (NSE Nifty 50) climbed 126 points to end at 17,311 points On Friday, the markets ended marginally higher amid volatility. The BSE Sensex quoted [...]
8 Stocks in which LIC has recently decreased its holding; Do you own any?
Life Insurance Corporation of India invests in other companies and many investors like to keep a tab on the changes in the investments of the insurance behemoth. In accordance with SEBI’s regulations, all listed firms must disclose any change in shareholding of more than 2%. Here are a few companies in which LIC has decreased [...]
Flipkart founder buys 2.73% stake in this multibagger paper stock
Established in 1955, West Coast Paper Mills Limited (WCPM) is one of India’s oldest and largest manufacturers of paper for printing, writing, and packaging. Based out of Dandeli, Karnataka, it is a small-cap company with a market capitalization of Rs. 3,850 crores. A new name has emerged in the share shareholding pattern for July to [...]
Yes Bank Q2 Results: Standalone net profit falls 32% to Rs 153 cr
Yes Bank on Saturday reported 32 per cent decline in standalone net profit at Rs 152.82 crore for September quarter 2022 on higher provisions. The bank had posted a net profit of Rs 225.50 crore for the year-ago same period. In preceding June quarter 2022, the net profit stood at Rs 310.63 crore. Total income [...]
Kotak Mahindra Bank Q2 Results: Net profit rises 27% to Rs 2,581 cr
Kotak Mahindra Bank on Saturday reported an about 27 per cent rise in net profit at Rs 2,581 crore for the quarter ended September 2022. The private sector lender had posted a net profit of Rs 2,032 crore in the same quarter of the previous fiscal year. Total income during July-September period of 2022-23 grew [...]
IRB Infrastructure Q2 Results: Consolidated net profit rises 102%
IRB Infrastructure Developers on Friday reported a 101.65 per cent jump in consolidated net profit to Rs 85.30 crore for the second quarter ended September 2022. The company had clocked a consolidated net profit of Rs 42.30 crore in the corresponding quarter of the previous fiscal, it said in a statement. Total income during the [...]
Karur Vysya Bank Q2 Results: Net profit jumps 52% to Rs 250 cr
Private sector lender Karur Vysya Bank on Friday reported a 52 per cent jump in its net profit at Rs 250 crore for the quarter ended September 30, on the back of a double-digit growth in net interest income and fall in bad loans. The South-based lender had posted a net profit of Rs 165 [...]
Laurus Labs Q2 Results: Consolidated net profit up 14% at Rs 233 cr
Drug firm Laurus Labs on Friday said its consolidated net profit increased 14 per cent to Rs 233 crore in the second quarter ended September 30, 2022. The company had reported a net profit of Rs 204 crore in July-September period a year ago. Revenue from operations rose to Rs 1,576 crore in the quarter [...]
IDBI Bank Q2 Results: Net profit up 46% at Rs 828 cr
IDBI Bank on Friday reported a 46 per cent rise in its net profit to Rs 828 crore for the second quarter ended September 30. The bank had posted a net profit of Rs 567.12 crore in the year-ago period. The total income in the September 2022-23 quarter rose to Rs 6,065.51 crore from Rs [...]
J&K Bank Q2 Results: Net profit doubles to Rs 243 cr
Jammu & Kashmir Bank on Friday reported over two-fold jump in net profit at Rs 243.49 crore for September quarter 2022-23 on a healthy growth in interest income and fall in bad loans. The bank had posted a net profit of Rs 111.09 crore for the year-ago period. Total income during the quarter rose to [...]
Motilal Oswal Financial Q2 Results: PAT up 11% to Rs 509 crore
Motilal Oswal Financial Services Ltd on Friday reported an 11 per cent growth in Profit After Tax (PAT) at Rs 509 crore for three months ended September 2022 driven by robust growth across the segments. This was the highest quarterly profit posted by the company. In comparison, the company had a PAT of Rs 458 [...]
2 Large cap stocks to BUY that have huge upside potential; Do you own any?
Till the afternoon on Friday, the BSE Sensex was up by 360.75 points or 0.61% at 59563.65, and the Nifty 50 had inched up 89.30 points or 0.51% to be at 17653.30. Amid the rising market, here are two large-cap stocks that brokerages are bullish on post their quarterly results for an upside of up [...]
Reliance Industries Q2 Preview: Here’s what analysts are saying
Nifty heavyweight Reliance Industries shares are in focus as it is scheduled to release its September quarter (Q2FY23) results today. According to analysts, the Mukesh Ambani-controlled conglomerate is likely to report strong year-on-year growth in consolidated net revenue and profit for the said quarter. The company’s results usually lack an element of surprise, however, quite [...]
Adani Group stock gets a BUY call with an upside of 29% after firm bags huge order
Part of the Adani Group, Adani Transmission Ltd. (ATL) announced on Thursday that it has secured an order to install and maintain 10.8 lakh smart meters for BEST Mumbai, a civic transport and electricity provider public body. Gujarat-headquartered ATL is one of India’s largest private-sector power transmission companies. It establishes, commissions, operates and maintains electric [...]
BSE, NSE to conduct one hour ‘muhurat trading’ on Diwali
Leading stock exchanges BSE and NSE will conduct a one-hour special muhurat trading session on Monday, marking the beginning of a new Samvat 2079 -- the Hindu calendar year that starts on Diwali. The symbolic trading session would be held between 1815 hrs and 1915 hours, the stock exchanges said in separate circulars. It is [...]
ITC near 52-week high will the shares climb even higher; Check the latest targets
The shares of ITC Limited started the last trading day of the week on a positive note as the stock rallied and reached its 5-year high of Rs 353.20 in the early hours. In the past five days, the stock has gained approximately 6 per cent. On a year-to-date basis, the stock price has increased [...]
Axis Bank shares climb over 6.5% post earnings announcement
Shares of Axis Bank climbed over 6.5 per cent in morning trade on Friday, after the firm reported a 66.29 per cent jump in consolidated net profit for the September quarter. The stock jumped 6.50 per cent to its 52-week high of Rs 879.95 on the BSE. At the NSE, it rallied 6.53 per cent [...]
₹1 Lakh to ₹3 Crores: Analysts see a 24% upside in this multibagger stock
With a market capitalization of ₹ 41,101 crores, Astral Limited is a large-cap company, primarily engaged in the plumbing and drainage systems business in India. The movement of its share price over the years is an example of how staying invested in a company for the long term can give multibagger returns to its investors. [...]
United Breweries Q2 Results: Consolidated net profit rises 67%, revenue up 11.5%
Beer maker United Breweries Ltd has reported a 66.94 per cent growth in its consolidated net profit at Rs 134.12 crore in the second quarter ended September 30, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 80.34 crore in [...]
Asian Paints announces Rs 2,400 crore CAPEX plans for two manufacturing units
Asian Paints on Thursday announced Rs 2,100 crore of phased investment to set up a new plant to produce vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) in the country. The company also announced another Rs 550 crore of investment to set up a white cement plant in the UAE in partnership with [...]
L&T Finance Q2 Results: Net income surges 81% to Rs 406 crore on record loan sales
L&T Finance Holdings on Thursday reported an 81 per cent jump in net income at Rs 406 crore for the September quarter, helped by better asset quality and record high retail advances. The leading non-banking credit company said it logged the highest-ever quarterly retail disbursements in the September quarter, and the retail book has crossed [...]
Infosys allows employees to take up gig work with managers’ prior consent
Infosys has allowed employees to take up 'gig' jobs on the side with prior consent of managers provided such an engagement does not compete with the company, its clients or pose conflict of interest. The company, in an internal communication to employees, detailed how staff can take up 'gig' work. Analysts say, the move may [...]
ITC Q2 Results: Consolidated net profit rises 24%; revenue up 25.35%
ITC Ltd on Thursday reported a 24.08 per cent increase in consolidated net profit at Rs 4,670.32 crore in the second quarter of FY23, led by a strong performance across segments including cigarettes and agri business. The company had posted a net profit of Rs 3,763.73 crore during the July-September quarter of the previous fiscal, [...]
Coforge Q2 Resullts: Consolidated profit after tax rises 37% to Rs 201 crore
IT company Coforge on Thursday reported about 37 per cent increase in consolidated profit after tax to Rs 201.1 crore in the second quarter ended September 30, 2022. The company had recorded profit after tax of Rs 146.7 crore in the same period a year ago. The consolidated revenue from operations of Coforge increased by [...]
7 Stocks to BUY this Muhurat Trading Session for an upside of more than 50%
The Indian stock exchanges – BSE and NSE will conduct a one-hour special Muhurat trading session on the occasion of Diwali on Monday, October 24, 2022. This will mark the beginning of the new Samvat 2079 – which is an ancient Hindu calendar year that starts on the day of Diwali. The trading session would [...]
Axis Bank Q2 Results: Standalone net profit jumps 70% at Rs 5,330 crore
Axis Bank on Thursday reported a jump of 70 per cent in its standalone net profit at Rs 5,329.77 crore in quarter ended September 2022 on healthy core income aided by trimming of bad loans. The country's third largest private sector lender had posted a net profit of Rs 3,133.32 crore in the year ago [...]
Dixon Technologies Q2 Results: Consolidated net profit up 23%
Dixon Technologies (India) Ltd on Thursday reported 23.11 per cent rise in consolidated net profit at Rs 77.12 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 62.64 crore for July-September period a year ago, the electronic manufacturing services firm said in a BSE filing. Revenue [...]
Granules India Q2 Results: Consolidated net profit rises 79%
Drug firm Granules India on Thursday said its consolidated net profit increased by 79 per cent to Rs 145 crore for the second quarter ended September 2022, aided by robust sales across segments. The Hyderabad-based company had reported a net profit of Rs 81 crore in the July-September period of the previous fiscal. Revenue from [...]
IDBI Bank privatisation: LIC to recover its investment by time of sale
State-owned insurance behemoth LIC is expected to recover its Rs 21,624 crore investment it had made in IDBI Bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said. The official said that since the commencement of the IDBI Bank privatisation process in May last [...]
Delhivery shares plummet 17% amid inflation concerns
Delivery witnessed its worst day since listing, as its shares tanked 17.05 per cent on Thursday’s trades to ₹ 463.85 apiece on the National Stock Exchange (NSE). Therefore, its shares are trading below their IPO price of ₹ 487 apiece. This happened after the logistics and supply-chain company said that it expects moderate growth in [...]
South Indian Bank Q2 Results: Net profit at Rs 223 cr
South Indian Bank (SIB) on Thursday reported a net profit of Rs 223.10 crore for the quarter ended September 2022 as provisions for bad loans came down significantly. The lender had posted a net loss of Rs 187.06 crore in the same quarter a year ago. Total income during July-September 2022-23 was up 10.6 per [...]
Colgate Palmolive Q2 Results: Net profit rises 3.3%; sales up 2.56%
FMCG major Colgate-Palmolive India Ltd on Thursday reported a 3.28 per cent rise in net profit at Rs 278.02 crore for the second quarter ended on September 30, 2022, helped by improved sales momentum. The company had posted a net profit of Rs 269.17 crore in the July-September period a year ago, Colgate-Palmolive India Ltd [...]
Smallcap Multibagger Chemical Stock gets a BUY call with an upside of up to 60%
Brokerages have a bullish view of a small-cap multibagger stock. The company has a new product pipeline. In addition, it has strong traction in the contract development and manufacturing organisation (CDMO) segment. Jubilant Ingrevia Ltd is a part of the diversified global conglomerate, Jubilant Bhartia Group. The company has a global presence in integrated life [...]
Asian Paints Q2 Results: Consolidated net profit rises 33% to Rs 804 cr
Asian Paints on Thursday reported 32.83 per cent rise in consolidated net profit at Rs 803.83 crore for the second quarter ended September 30, 2022 driven by robust sales. The company had posted a net profit of Rs 605.17 crore in the same quarter last fiscal year, Asian Paints said in a regulatory filing. Revenue [...]
Multibagger Textile Stock delivers 167% returns in a year; Check the stock
The shares of Mahalaxmi Rubtech Ltd were trading marginally lower at Rs 197 levels in the early trading hours of Thursday. Founded 55 years ago, Mahalaxmi Rubtech (MRT) is a small-cap company with a market capitalization of Rs. 210 crores. It is engaged in the business of offset printing of blankets, manufacturing of coated fabrics, [...]
Canara Bank Q2 Results: Net profit jumps 89% to Rs 2,525 cr
State-owned Canara Bank on Thursday reported an 89 per cent rise in its net profit to Rs 2,525 crore for the second quarter ended September of this fiscal. The bank had posted a net profit of Rs 1,333 crore in the same period of the previous fiscal. The total income also rose to Rs 24,932.19 [...]
Multibagger Navratna PSU stock near 52 week high after it bags multiple orders
The shares of Bharat electronics gained 2 per cent to 11.50 on Thursday and were trading at Rs 108 levels on account of the recent developments in the company. The stock is trading near its 52-week high of Rs 115 which it reached last month. On Wednesday, the company announced that it signed a Memorandum [...]
4 Smallcap Debt Free stocks to add to your watchlist
Small-cap stocks have the potential to generate higher returns as these companies are in a growing stage. Thus the growth potential of these companies is huge. However, these stocks are also considered risky in the market. One of the risk factors associated with any company is the amount of long-term external borrowings or Debt that [...]
Satya Nadella receives Padma Bhushan in US; plans to visit India in January
Microsoft CEO Satya Nadella has said it is an honour for him to receive the Padma Bhushan, the third-highest civilian award and he looks forward to continuing to work with people across India to help them use technology to achieve more. Nadella, who plans to visit India next January, formally received the award for distinguished [...]
Tracxn Tech shares climb nearly 6% in debut trade
Shares of Tracxn Technologies climbed nearly 6 per cent in debut trade on Thursday against the issue price of Rs 80. The stock made its debut at Rs 83, registering a rise of 3.75 per cent against the issue price on BSE. It further climbed 23.68 per cent to Rs 98.45. At the NSE, it [...]
HDFC AMC Q2 Results: PAT rises 6% to Rs 364 crore
HDFC Asset Management Company (AMC) on Wednesday reported a 6 per cent growth in profit after tax (PAT) at Rs 364.1 crore for the July-September quarter of the current financial year. In comparison, the asset management firm had a PAT of Rs 344.5 crore in the same quarter of preceding fiscal, HDFC AMC said in [...]
Adani says committed to open offer for NDTV
Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked SEBI to provide comments on its draft open offer letter. The conglomerate, run by India's richest man Gautam Adani, [...]
KP Energy Q2 Results: Consolidated net profit rises over 49%
KP Energy's consolidated net profit rose over 49 per cent to Rs 6.7 crore in the September quarter. The consolidated net profit of the company was Rs 4.49 crore in the year-ago period, according to a BSE filing. The total income of the company rose to Rs 57.85 crore in the quarter under review from [...]
Inox Leisure Q2 Results: Consolidated net loss at Rs 40.37cr, revenue up at Rs 374.12cr
Multiplex chain operator Inox Leisure Ltd on Wednesday reported a narrowing of its consolidated net loss to Rs 40.37 crore for the second quarter that ended on September 30, 2022, helped by rising footfalls at cinema halls. The company had posted a net loss of Rs 87.66 crore in the July-September period a year ago, [...]
PSU Stock jumps 6.8% as govt starts roadshows, Nomura sees more upside
The shares of Container Corporation of India Ltd. (CONCOR) jumped 6.88% on Wednesday to close at Rs. 771 per share. The surge in CONCOR’s stock price has been attributed to the news of DIPAM initiating roadshows for the divestment of the company. Incorporated in March 1988, CONCOR is a subsidiary of the Ministry of Railways, [...]
Syngene International’s Q2 Results: Consolidated net profit rises to 102 crore
Syngene International on Wednesday reported a 53 per cent rise in consolidated net profit at Rs 102 crore in the second quarter ended September 2022 on the back of higher revenue. The company, which is an integrated research, development and manufacturing services firm, had posted a consolidated net profit of Rs 66.7 crore in the [...]
RBI rate hikes to contain price rise; inflation to fall below 6% next year
RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6 per cent next year. Goyal further said that the policy rate hikes have largely reversed pandemic-time cuts [...]
₹ 1 Lakh to ₹ 53 Lakhs: Ashish Kacholia increases stake in this multibagger stock
The shares of Xpro India Limited had declined marginally and were trading at Rs 749 before the closing hours on Wednesday. In the last five days, the stock has zoomed by approximately 7 per cent. XPRO India Ltd, part of Birla Group, is engaged mainly in the business of polymers processing and stands as a [...]
CG Power Q2 Results: Consolidated net profit falls 11% to Rs 179 cr
CG Power and Industrial Solutions on Wednesday reported 11 per cent decline in consolidated net profit at Rs 178.97 crore for September quarter 2022-23. The company logged a profit of Rs 201.78 crore in the quarter ended September 30, 2021, a BSE filing stated. However, its total income rose to Rs 1,707 crore in the [...]
Piramal Pharma made its debut on stock exchanges after demerger; Check its Fair Value
The shares of Piramal Pharma Limited made a debut in the Indian stock exchanges on October 19th, 2022. The shares were listed at Rs 201.8 apiece on the BSE and Rs 200 per share on the NSE. At 11.50 on Wednesday, the stock had declined by 4.9 per cent and was trading at Rs 191 [...]
UltraTech Q2 results: Consolidated net profit falls 42%; Net sales up 16%
Aditya Birla group firm UltraTech Cement Ltd on Wednesday reported a decline of 42.09 per cent in its consolidated net profit at Rs 758.70 crore for the second quarter that ended on September 30, 2022. The company had posted a net profit of Rs 1,310.34 crore in the July-September period a year ago, UltraTech Cement [...]
DB Corp Q2 Results: Consolidated net profit declines 9.3%, Revenue up 20.5%
Media house DB Corp Ltd on Wednesday reported a 9.28 per cent decline in its consolidated net profit to Rs 48.78 crore for the second quarter ended on September 30, 2022. The company had posted a consolidated net profit of Rs 53.77 crore in the July-September quarter a year ago, DB Corp said in a [...]
LIC increases stake in this Monopoly stock; Are you holding it?
Life Insurance Corporation Of India (LIC) has recently disclosed that it has increased its stake in the monopoly company Indian Railway Catering and Tourism Corporation Ltd (IRCTC). The Insurance company has increased its shareholding from 3,97,76,221 to 4,00,42,625 equity shares which represents a total stake of 5.005 percent up from 4.972 per cent. Till the [...]
Edelweiss Financial Services Ltd raises Rs 415 cr via NCDs
Edelweiss Financial Services Ltd (EFSL) on Wednesday said it has raised Rs 415 crore by issuing secured redeemable non-convertible debentures (NCDs) to fund business growth. The Tranche II issue has seen significant demand in the retail segment with a total collection of Rs 4,155.27 million, EFSL said in a statement. The issue has seen interest [...]
Up 115% in 1 month, Electrical goods stock turns multibagger; Check the stock
The shares of Rexnord Electronics and Controls Ltd. rallied 10% on the bourses during the early hours of trading on Wednesday. The stock of the company rose sharply to reach its upper circuit limit and 52-week high of Rs. 159.50 per share. Rexnord Electronics and Controls Ltd. is a small-cap electrical goods manufacturer with a [...]
Porsche India sales rise 37% in Q3
Luxury car maker Porsche India on Wednesday reported about 37 per cent rise in its sales to 193 units for the third quarter of 2022. The company had retailed a total of 141 cars in the third quarter of 2021, according to Porsche India. Retail sales of 193 units during the third quarter helped Porsche [...]
Analysts see more than 90% upside in this stock which is at 52-week low; Do you own it?
The shares of FSN E-Commerce Ventures Ltd Nykaa have reached a new 52-week low of Rs 1,130 in the early hours of Wednesday. In fact, in the last five days, the stock has shed approximately 10 per cent. The company got listed in the Indian exchanges in November 2021. Soon after listing the shares reached [...]
Prestige Estates Q2 Results: Sales bookings rise 66% to Rs 3,511 cr
Realty firm Prestige Estates Projects Ltd's sales bookings rose 66 per cent year-on-year to Rs 3,511 crore in the second quarter of this fiscal on higher demand despite a rise in home loan interest rates. Prestige Group has registered sales of Rs 3,511 crore in the July-September period against Rs 2,111.9 crore in the year-ago [...]
BEL to manufacture Hydrogen fuel cells with technology from TEV
Navratna defence PSU Bharat Electronics Ltd has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market and mutually agreed export markets. The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various [...]
Tata Steel arm TCIL reports Rs 35 cr loss in Sept-qtr
Tata Steel arm The Tinplate Company of India Limited (TCIL) on Tuesday reported a loss of Rs 35.10 crore for the quarter ended September 30, mainly on account of increased expenses. Its profit during the July-September period of 2021-22 fiscal stood at Rs 74.93 crore, TCIL said in a BSE filing. Its total income fell [...]
Tax refund boosts ICICI Lombard Q2 net by 32% to Rs 591 cr
Private sector non-life player ICICI Lombard General Insurance on Tuesday reported a 32.2 per cent growth in net profit at Rs 591 crore for the September quarter, boosted by a tax reversal of Rs 128 crore. The ICICI Bank group company said excluding this tax reversal, net income inched up by 3.4 per cent. In [...]
Invesco, others sell Zee shares worth Rs 1,396 crore
Investment firm Invesco and OFI Global China along with other entities sold 5.51 per cent in Zee Entertainment Ltd (ZEEL) for more than Rs 1,396 crore through open transactions. A total of 5,29,35,068 shares of the company were offloaded at a price of Rs 263.7 apiece, according to block deal data available with the National [...]
Tata Communications Q2 Results: Consolidated net profit grows 25% to Rs 532 crore
Tata Communications on Tuesday reported a 25 per cent increase in its consolidated net profit at Rs 532.29 crore in the July-September quarter of the current financial year. The company had recorded a net profit of Rs 425.38 crore in the same period a year ago, according to a regulatory filing. Tata Communications' consolidated income [...]
Adani Defence Systems & Technologies to acquire Air Works at enterprise value of Rs 400 cr
Adani Defence Systems & Technologies Ltd (ADSTL) on Tuesday said it will acquire MRO operator Air Works for an enterprise value of Rs 400 crore. The company, in a statement, said it has signed definitive agreements to acquire Air Works, which has developed extensive operational capabilities within the country for key defence and aerospace platforms. [...]
Tata Starbucks opens 1st Reserve store in India
Mumbai, Oct 18 (PTI) Tata Starbucks, which has completed a decade of operations in a checkered manner in terms of profitability and expansion, on Tuesday announced the launch of its first Reserve store here. Tata Starbucks, which currently operates 300 stores across 36 cities in India and is an arm of Tata Consumer Products, has [...]
TV18 Broadcast Q2 Results: Consolidated net profit down 95.5%; revenue up 12.6%
Media firm TV18 Broadcast Ltd on Tuesday reported a 95.55 per cent decline in its consolidated net profit to Rs 10.28 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 231.40 crore for the July-September period of the previous fiscal, TV18 Broadcast said in a regulatory [...]
Polycab India Q2 Results: Consolidated profit up 37% at Rs 270 crore
Wires and cables manufacturer Polycab India (PIL) on Tuesday reported a 36.72 per cent growth in consolidated profit during the September quarter at Rs 270.45 crore. The company's profit stood at Rs 197.80 during the corresponding quarter of 2021-22, it said in a regulatory filing. Revenue from operations of the company during the quarter under [...]
Tata Motors bags order for 200 e-buses; to be deployed in Jammu, Srinagar
Tata Motors on Tuesday said it has received an order for 200 electric buses which will be deployed in Jammu and Srinagar. The Mumbai-based auto major has won the tender of 200 electric buses floated by Jammu Smart City Ltd, it said in a statement. The automaker will supply 150 units of 9-metre and 50 [...]
Eying EBITDA expansion, analysts see up to 61% upside in this PSU
The shares of ONGC inched marginally higher and closed at Rs 128.8 on Tuesday. In the past month, the stock has been volatile and shed approximately 1.5 per cent. A few days ago, Oil & Natural Gas Corporation Limited (ONGC) announced that the company through its offshore arm ONGC Videsh Ltd. is planning to buy [...]
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