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Green energy stock jumps 6% after expanding its solar module manufacturing capacity in Gujarat
Green Energy stock, an integrated solar energy solutions provider engaged in offering EPC and O&M services for power plants, solar systems, pumping systems, and many others jumped upto 6 percent in the day’s trade following the commencement of operations of its new solar module manufacturing line. Price Action With a market capitalization of Rs. 1,232 [...]
Ethanol stock hits 10% upper circuit after receiving approval to expand its production capacity
India's sugar industry is one of the largest in the world, ranked as the second-largest exporter of sugar globally. With over 500 sugar mills across the country, India is a significant player in the global sugar market, producing more than 30 million tons annually. The industry is expected to grow further due to favorable climatic [...]
Stock jumps after company sets record date for 1:10 stock split
India's market for tax consultancy, management advisory, and legal services is witnessing rapid growth, driven by economic expansion, globalization, and regulatory complexities. With businesses navigating evolving tax laws like GST and international taxation, demand for professional tax advisory services has surged. The rise of startups and MSMEs has further fueled the need for management advisory [...]
Waste management stock hits 5% upper circuit after receiving order from Saoner Municipal Council
Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more hits 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 1.94 Crores to provide waste management services to Saoner Municipal Council. Price Action With a market capitalization of Rs. 288 Crores, [...]
Stock jumps 10% after receiving supply order worth ₹52 Mil from Livpure for air coolers
The shares of Original Equipment Manufacturers gained up to 10 percent after the company received a prestigious work order from Livpure Private Limited for Rs 52.6 Million. With a market capitalization of Rs 90.35 crore, the shares of Comrade Appliances Ltd were trading at Rs 120.00 per share, increasing around 5.26 percent as compared to [...]
Auto ancillary stock jumps 19% after securing order worth ₹118 Cr from KIA
India's automotive industry is one of the largest and fastest-growing globally, driven by a burgeoning middle class and rising disposable incomes. As the fourth-largest automobile market, India offers immense growth potential with increasing demand for passenger and commercial vehicles. The government's focus on initiatives like "Make in India" and faster adoption of Electric Vehicles (EVs) [...]
5 Infra stocks to benefit after Modi’s Govt announces road projects worth ₹30,000 Cr in Rajasthan
Union Minister Nitin Gadkari announced nine new road projects worth Rs. 30,000 crore for Rajasthan, totaling 800 km of road construction. These include the Rs 6,500 crore Northern Jaipur Ring Road and the Rs 6,800 crore Kotputli-Agra Expressway. Gadkari urged the Chief Minister to allocate 40 percent of developed land near the North Jaipur bypass [...]
2 Auto & auto ancillary stocks to buy now for an upside of up to 30%; Do you own any?
India's auto and auto ancillary industry is experiencing robust growth, driven by rising incomes, urbanization, and increasing aspirations of the middle class. As one of the world's largest automotive markets, India benefits from growing domestic demand for passenger and commercial vehicles, along with exports of components. The government's initiatives, such as the PLI (Production Linked [...]
Stocks to Buy: 6 Stocks to buy now for an upside of more than 40%; Do you own any ?
The Indian Benchmark Indices closed in green on Friday with the Sensex gaining around 843.16 points ending the week at 82,133.12 and the Nifty 50 index gaining around 219.60 points ending the week at 24,768.30. In the last five trading sessions, the Sensex gained by approximately 0.71 percent while the Nifty 50 index gained by [...]
Wind energy stock with capex plans for solar cell manufacturing to keep on your radar
India's solar manufacturing sector is poised for significant growth, with projections indicating module production capacity will exceed 150 GW and cell capacity will reach 75 GW by 2026. In 2023, India added 20.8 GW of solar modules and 3.2 GW of solar cells, reflecting a robust expansion driven by domestic demand and export opportunities. India [...]
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Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr: Official statement. PTI JD ABM ABM
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RBI supersedes board of Reliance Capital; appoints administrator: Statement. PTI NKD DP NKD ABM ABM
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BSE Sensex advances by 153.43 pts to end at 57,260.58; Nifty edges up 27.50 pts to 17,053.95. PTI MR MR ABM ABM
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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
Indiabulls Housing Finance Q1 Results: Profit after tax up 1.8%
Mortgage financier Indiabulls Housing Finance on Wednesday reported a marginal 1.8 per cent rise in its profit after tax (PAT) to Rs 287 crore for the April-June quarter due to lower net interest income (NII). The lender had reported a profit after tax of Rs 282 crore in the same quarter of the previous fiscal. [...]
PE/VC investments plummet by 69% in July to USD 3 bn: Report
Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to USD 3 billion during July, a report said on Wednesday. The investments in July are the lowest for any month in a year, and lower than the USD 4.9 billion recorded across 118 deals in the preceding month [...]
Pidilite Industries Q1 Results: Consolidated net profit up 64% to Rs 358 cr
Pidilite Industries on Wednesday reported 64.27 per cent rise in consolidated net profit at Rs 357.52 crore for June quarter 2022-23, led by growth in sales and volume. The company which manufactures adhesives, sealants and construction chemicals had logged a profit of Rs 217.64 crore in April-June period a year ago. Revenue from operations was [...]
Will the markets touch a new high in August? Check what analysts have to say
The markets have rallied in the past few weeks, with the benchmark indices rising by more than 14% since their lows in June. FPIs have been selling relentlessly since November 2021 and July 2022 turned out to be an excellent month for the Indian markets, as they started turning into net buyers. The stock markets [...]
Trident Ltd down 4% after Q1 Results; Check the future plans of the company
The shares of Trident Ltd opened at Rs 35.50 per share on Wednesday as against the previous close of Rs 39.75. In the past five days, the stock has dipped by 5.5%. So far this year in 2022, the stock has lost approximately 29%. The stock was trading at Rs 19.95 a piece a year [...]
Max Healthcare Q1 Results: Consolidated net profit up 12% at Rs 229 cr
Max Healthcare on Wednesday said its consolidated net profit increased by 12 per cent to Rs 229 crore for the June quarter driven by annual price revision and normalisation of patient footfalls. The healthcare provider had reported a net profit of Rs 205 crore in the June quarter of last fiscal. Net revenue during the [...]
Avalon Technologies files Rs 1,025 cr IPO papers with Sebi
Electronic manufacturing services firm Avalon Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,025 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders, [...]
Brokerages see up to 79% upside in this IT Stock; Are you holding it?
IT service provider Zensar Technologies Limited’s shares touched their 52-week low on Wednesday’s early trades. Its share price dropped by 11.81% in the past five days to reach its 52-week low of ₹ 221.75 apiece. The company’s revenue jumped 28.46% from ₹ 936.80 crores in June 2021 to ₹ 1203.40 crores in June 2022. However, [...]
Tata Stock jumps 9% on robust Q1 performance
The shares of Tata Chemicals opened on a bullish note at Rs 999.95, then gained further ground to touch Rs 1,043, registering a jump of 8.96 per cent over its previous close. In the past month, the stock has gained more than 24%. From the beginning of 2022, the stock has been volatile and has [...]
FPIs turn buyers; Check in which sector they are buying
Foreign Portfolio Investors (FPIs) are returning to Indian equities after relentlessly selling over ₹ 2 trillion in the past nine months. However, they bought shares close to ₹ 5,000 crores in July and this has lifted market sentiments, and the Sensex escalated 8.5% in July after going through a contraction in the past three months. [...]
Reliance Capital Q1 Results: Consolidated net loss at Rs 491 cr
Reliance Capital on Tuesday reported a narrowing of its consolidated net losses to Rs 491.40 crore in the quarter ended June 2022. The company which is undergoing an insolvency process had reported a net loss of Rs 1,006 crore in the year-ago quarter ended June 2021. Reliance Capital had reported losses of Rs 4,249.20 crore [...]
Tata Tele loss narrows to Rs 295 crore in April-June
Loss-making telecom operator Tata Teleservices(Maharashtra) on Tuesday reported narrowing of loss to Rs 295.1 crore in the first quarter of the current financial year. The company had posted a loss of Rs 318.45 crore in the same period a year ago. Revenue from operations of Tata Teleservices (Maharashtra) Limited (TTML) declined marginally to Rs 266.48 [...]
Shree Renuka Sugars Q1 Results: Consolidated loss narrows to Rs 114 crore
Shree Renuka Sugars, a subsidiary of Wilmar Sugar Holdings Pte Ltd Singapore, on Tuesday reported narrowing of its consolidated loss to Rs 113.9 crore during the quarter ending June. The company had posted a loss of Rs 241 crore during the corresponding quarter of the previous financial year, Shree Renuka Sugars said in a regulatory [...]
Dish TV Q1 Results: Consolidated net profit falls 64%; revenue down 17%
Direct-to-home firm Dish TV India on Tuesday reported a 63.67 per cent decline in consolidated net profit at Rs 17.85 crore in the April-June quarter of FY 23, citing impact of inflation on subscribers. The company had reported a net profit of Rs 49.14 crore in the same quarter a year ago, Dish TV said [...]
Indraprastha Gas Ltd Q1 Results: Net profit up 72%
Indraprastha Gas Ltd, the firm that retails CNG and piped cooking gas in the national capital, on Tuesday reported a 72 per cent rise in the June quarter net profit on the back of a rise in sales volume. Net profit of Rs 420.86 crore in April-June compared with Rs 244.29 crore in the corresponding [...]
Trident founder Rajinder Gupta to step down
Textile major Trident on Tuesday said its founder and chairman Rajinder Gupta has expressed his intention to step down as director and non-executive chairman of the company due to health issues and family commitments. Respecting the request received from Gupta to relieve him from his duties, the company's board commended the unparalleled contribution of the [...]
ABB India net profit more than doubles to Rs 147 cr in Jun qtr
ABB India on Tuesday said its net profit more than doubled to Rs 147 crore in the June quarter, mainly on the back of higher revenues. The company had reported a profit of Rs 68 crore in the quarter ended June 30, 2021, according to a company statement. Its total revenues rose to Rs 2,053 [...]
Tata Chemicals Q1 Results: Consolidated net profit jumps 86%
Tata Chemicals on Tuesday reported an 86.25 per cent increase in consolidated net profit at Rs 637 crore during the quarter ending June. The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, Tata Chemicals said in a regulatory filing. Revenue from operations of the company went up [...]
Natco Pharma Q1 Results: Consolidated net profit rise multifold to Rs 320.4 cr
Natco Pharma Ltd on Tuesday reported a multifold rise in consolidated net profit to Rs 320.4 crore for the first quarter ended June 30, on higher revenue from the pharmaceutical vertical. The company had posted a consolidated net profit of Rs 75 crore in the same period last fiscal, Natco Pharma said in a regulatory [...]
Multibagger stocks with high ROCE to watch; Are you holding any?
Before investing in a stock, it is important to understand the financials of the company. One of the metrics that should be looked at is the Return on capital employed (ROCE). The ratio helps to understand how well a company is generating profits from its capital as it is put to use. In other words, [...]
6 Stocks that will trade Ex-dividend this week; Check the details
The Indian benchmarks have started the second week of august in green. The S&P BSE settled at 58,853, up 465 points or 0.8 per cent. The Nifty50, on the other hand, gained 128 points, or 0.73 per cent, to close at 17,525. Investing in dividend stocks exposes the investor to additional income in the form [...]
Power Grid Corporation of India Q1 Results: Net profit falls 36% to Rs 3,801 cr
State-owned Power Grid Corporation of India (PGCIL) on Monday said its consolidated net profit dipped over 36 per cent to Rs 3,801.19 crore in the April-June quarter of FY23. The consolidated net profit of the company was Rs 5,998.28 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of [...]
Ircon International Q1 Results: Consolidated profit after tax rises to Rs 145 crore
Ircon International Ltd on Monday reported a 62.46 per cent rise in consolidated profit after tax at Rs 144.57 crore in the first quarter ended June. The company had posted consolidated profit after tax of Rs 88.99 crore in the year-ago period, Ircon International said in a statement. The consolidated revenue of the company during [...]
Defence stock jumps 7.85% and reaches new 52 week high before its Q1 results
The shares of Hindustan Aeronautics Ltd (HAL) surged 7.85% on Monday and surpassed their 52-week high of ₹ 2075 apiece that they touched on August 02, 2022. They reached a fresh 52-week high of ₹ 2174 apiece. The company’s shares surged by 74.60% in 2022 (year-to-date). This means that if an investor would have invested [...]
HPCL shares fall nearly 5% after disappointing June quarter earnings
Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Monday dropped nearly 5 per cent after the firm reported its highest-ever quarterly net loss of Rs 10,196.94 crore in the June quarter. The stock fell 4.65 per cent to end at Rs 239.05 apiece on the BSE. During the day, the stock declined 6.22 per cent [...]
Hyundai Motor India expects semiconductor shortage issue to improve next year
Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata [...]
Sensex climbs 465 points; Nifty above 17,500
Equity benchmark Sensex jumped over 465 points on Monday, tracking gains in index majors HDFC twins and Reliance Industries amid positive global market trends. The 30-share BSE gauge climbed 465.14 points or 0.80 per cent to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93 per cent to 58,934.90. The broader NSE [...]
Equity mutual funds inflow drops 43% to Rs 8,898 cr in July
Equity mutual funds attracted Rs 8,898 crore in July, a sharp decline of 43 per cent from the preceding month, amid volatile market conditions. Although, this was the 17th straight month of positive inflow in equity schemes. The net inflows in July were lower compared to the net inflow of Rs 15,495 crore seen in [...]
Adani Ports Q1 Results: Consolidated net profit drops 17%
Adani Ports and Special Economic Zone (APSEZ) on Monday reported a 16.86 per cent decline in consolidated net profit to Rs 1,091.56 crore for the first quarter of the current financial year. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,312.9 crore in the corresponding period a year ago, [...]
Fincare Small Finance Bank refile draft IPO papers with Sebi
Fincare Small Finance Bank has refiled preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO). This fresh filing comes as the capital markets regulator's one-year approval given to the lender to launch an IPO expired last month. Under the rules, a firm gets one year to hit the primary market after [...]
LIC sells 2% stake in this large cap Auto Stock; Check the details here
State-owned Life Insurance Corporation of India (LIC) sold a 2.015% stake in India’s largest car manufacturer, Maruti Suzuki on Friday. According to an exchange filing, the LIC sold 60.88 lakh shares worth ₹ 5,400 crores in the open market. With this, its stake in the auto manufacturer reduced from 6.22% to 4.2%. Maruti Suzuki’s shares [...]
Paytm rises 5% and crosses Rs 800; Does it have more upside left?
With the rising markets, the shares of One 97 Communications Ltd (Paytm) have also risen by 5.3% till 11.30 am on Monday and were at Rs 826 levels. In the last five days, the stock has been volatile and has zoomed by approximately 10%. In the past month, the stock price has added 18%. The [...]
5G mobile services likely to be rolled out in about a month: MoS Telecom
The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union's Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to deploy indigenously developed and manufactured 5G [...]
Stocks to BUY: 3 Midcap Debt free to buy for long term
Industry experts say that mid-cap stocks are able to produce better returns because they are financially stable as compared to small-cap stocks and are quicker to act as compared to large-cap stocks. The amount of debt that a company has gives key insights into a company’s capital position. The debt-equity ratio is one such ratio [...]
Multibagger Tata Stock rallies 10% in 5 days to reach a new record high; Are you holding it?
Tata Elxsi Limited scaled new heights as its shares surged 3.46% on Monday’s early trades to reach a record high of ₹ 9631.00 apiece on the National Stock Exchange (NSE). The company’s share price increased by 9.94% in the past five days due to a strong growth outlook and its shares are currently trading at [...]
SBI shares fall over 3% after Q1 earnings
Shares of State Bank of India (SBI) on Monday fell over 3 per cent in the morning trade after it posted a 7 per cent decline in standalone net profit for the first quarter of the current financial year. The stock declined 3.13 per cent to Rs 514 on the BSE. At the NSE, it [...]
Mukesh Ambani draws nil salary for second year in row
Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil". [...]
Tata Motors inks pact to acquire Ford India Sanand plant for Rs 726 crore
Tata Motors on Sunday said its subsidiary has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 725.7 crore. Tata Passenger Electric Mobility Ltd (TPEML), a subsidiary of Tata Motors and Ford India Pvt Ltd (FIPL), have signed a Unit Transfer Agreement (UTA) for the acquisition of the Gujarat-based plant. As part [...]
Top Stock Picks: 4 Stocks to buy for huge potential upside of up to 70%
After a volatile trading session on Friday, the headline gauges managed to close in the green. The BSE Sensex closed at 58,387 points, up 0.15% or 89 points, while the NSE Nifty settled at 17,397 after adding 15.5 points or 0.09%. However, here are a few stocks with huge upside potential. Gail (India) Limited ICICI [...]
28 cos secure Sebi clearance to float IPOs worth Rs 45,000 cr in FY23
Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator's clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of [...]
Steel players expect govt to withdraw export duty; to go ahead with capex plans
The export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation. On May 21, the government hiked the duty on exports of iron ore by up to 50 per cent and for a [...]
Birla Corp Q1 Results: Consolidated net profit down 52%; revenue rises 26%
M P Birla Group firm Birla Corporation Ltd on Saturday reported a decline of 56.24 per cent in its consolidated net profit at Rs 61.92 crore for the quarter ended June on account of higher power, fuel and freight costs. It had posted a net profit of Rs 141.51 crore in the April-June period a [...]
BPCL Q1 Results: Net Loss at Rs 6,291 cr
Bharat Petroleum Corporation Ltd (BPCL) on Saturday reported a net loss of Rs 6,291 crore in the first quarter of current fiscal on holding fuel prices despite rise in cost. Net loss of Rs 6,290.8 crore in April-June compared with Rs 3,192.58 crore in the same period a year back, the company said in a [...]
Earnings, global cues to set market trend this week: Analysts
Quarterly earnings and global developments would be the major factors driving equity markets in the holiday-shortened week ahead, analysts said. Foreign fund movement will also play a crucial role in deciding the trend, they added. Markets will remain closed on Tuesday for Muharram. "This week market will deal with the last batch of Q1 earnings [...]
Mahanagar Gas Q1 Results: Net profit falls 9% on higher gas cost
Mahanagar Gas Ltd, which retails CNG and piped cooking gas in Mumbai and other cities, on Saturday reported a 9 per cent drop in its June quarter net profit as higher gas cost negated a rise in sales. Net profit of Rs 185.20 crore in April-June compared with Rs 204.08 crore in the same period [...]
Weekly Recap: Adani stock crosses ₹3 lakh crores Mcap, 5G spectrum auction and More!
Domestic equities started on a positive note on Monday. The thirty-share index (BSE Sensex) extended its gaining spree and was trading at 57,898.02 levels, up 0.58 per cent. On the other hand, the fifty-share index (NSE Nifty 50) was trading at 17,261.10 levels, up 0.61 per cent Among sectors, the auto index was up more [...]
HPCL Q1 Results: Reports record loss of Rs 10,196 cr on petrol, diesel price freeze
Hindustan Petroleum Corporation Ltd (HPCL) on Saturday reported its highest ever quarterly net loss of Rs 10,196.94 crore in the June quarter as a freeze on petrol and diesel price revision wiped away record refining margins. A standalone net loss of Rs 10,196.94 crore during April-June compares with a net profit of Rs 1,795 crore [...]
Fundamentally strong stocks at 52 week low with an upside of up to 45%
On Friday, the BSE Sensex was up 89.13 points or 0.15 per cent and closed at 58,387.93, while the Nifty50 was up 15.5 points or 0.09 per cent and ended at 17,397.5. However, there are certain stocks that have gone sideways as they announced their quarterly results. Here are three stocks with good fundamentals which [...]
Crompton Greaves Consumer Electricals promoter sells shares worth Rs 751 cr
A promoter entity of Crompton Greaves Consumer Electricals Ltd on Friday offloaded the firm's shares worth Rs 751 crore through an open market transaction. Those who picked up the shares of the Mumbai-based home appliances company were Copthall Mauritius Investment Ltd and Ghisallo Master Fund LP. According to bulk deal data available with the National [...]
Shipping Corp Q1 Results: Consolidated net profit falls 27.97%
State-owned Shipping Corporation of India Ltd (SCI) on Friday reported a 27.97 per cent decline in consolidated net profit to Rs 114.17 crore for the first quarter of this fiscal. The company had clocked a consolidated net profit of Rs 158.51 crore in the corresponding period a year earlier, it said in a regulatory filing. [...]
MapMyIndia Q1 Results: Consolidated net profit up 18%
Digital map company CE Info Systems, which operates under MapMyIndia brand name, on Friday posted nearly 18 per cent increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23. The company had recorded a profit of Rs 20.6 crore in the same period a year ago. The revenue from operations [...]
Minda Corp Q1 Results: Profit after tax rises over six-fold to Rs 52.5 cr
Auto-parts maker Minda Corporation's profit after tax (PAT) increased more than six-fold to Rs 52.5 crore in the June quarter, the company said on Friday. It recorded a profit after tax of Rs 7.1 crore in the year-ago quarter, the company said in a statement. Its operating revenue for the reporting quarter grew 80.8 per [...]
Airline stocks gain more than 25% in a month, should you Buy, Sell or Hold?
The shares of Interglobe Aviation Ltd and SpiceJet Limited surged by 25.17% and 27.37% respectively in the past month, led by positive developments. Interglobe Aviation Ltd The shares of Interglobe Aviation Limited (Indigo), surged 5.93% on Friday to an intraday high of ₹ 2103.95 apiece. The scrip closed at ₹2,080.55 apiece on Friday. This happened [...]
SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with mutual funds
Japan's SoftBank Investment Advisers and US-based JP Morgan hosted a meeting between large mutual fund houses and 10 unicorns, including Swiggy, and Unacademy, which are keen on going public within 3 years, sources said. Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4. "Indian [...]
Multibagger Ashish Kacholia chemical stock reaches 52 week high
The shares of Fineotex Chemical Ltd gained more than 8% in the early trading hours on Friday and reached their new 52-week high of Rs 252.90. Till afternoon, the stocks were trading at Rs 247. A year ago the scrip was trading at Rs 115 a piece on NSE. From there it has scaled up [...]
ED freezes over Rs 64 cr bank deposits of crypto exchange WazirX
The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs 64.67 crore as part of a money laundering probe against cryptocurrency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative". [...]
Motherson Sumi Wiring India Q1 Results: Net profit rises to Rs 126 crore
Motherson Sumi Wiring India Ltd (MSWIL) on Friday reported close to two-fold increase in net profit at Rs 126 crore for the first quarter ended June 2022. The company had posted a net profit of Rs 79 crore in the April-June period of last fiscal. Total revenue from operations rose to Rs 1,671 crore compared [...]
Markets bounce back after a day’s breather post RBI policy
Equity benchmarks ended modestly higher on Friday after the Reserve Bank raised the key interest rate in an effort to cool stubbornly high inflation and defend the rupee. Continuous foreign fund inflows into the capital markets and softening crude oil prices also helped the bourses regain momentum, traders said. The 30-share BSE Sensex ended 89.13 [...]
EMIs to rise as RBI hikes interest rate again
Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation. The increase in lending rate or the repurchase rate (repo) by 50 bps to 5.40 per cent [...]
PSU stock slips 3.8% after bonus issue announcement of 2:1
State-owned Bharat Electronics Limited (BEL) on Thursday announced a bonus issue of its equity shares in the ratio of 2:1. Eligible shareholders of BEL will receive two shares for every one share held by them. "The proposal to increase authorized share capital, alteration of the memorandum of association of the company, and the issue of [...]
HDFC raises Rs 8,700 cr as ‘social loan’ to finance affordable housing segment
Mortgage lender HDFC Ltd on Friday said it has raised USD 1.1 billion (around Rs 8,700 crore) from a clutch of investors under 'Syndicated Social Loan Facility' to cater to the affordable housing segment in the country. The country's largest mortgage lender by asset size said it has raised the amount by way of external [...]
UCO Bank Q1 Results: Net profit rises 22% to Rs 123.61 cr
State-owned UCO Bank on Friday posted a 22 per cent rise in its net profit at Rs 123.61 crore for the first quarter ended June 30, helped by fall in bad loans. The bank had reported a net profit of Rs 101.81 crore in the same quarter of financial year 2021-22. However, the total income [...]
10 Stocks in which Rakesh Jhunjhunwala has reduced his stake recently
The Big Bull of the Indian stock markets, Rakesh Jhunjhunwala had a major reconstruction of his portfolio in the June quarter. He has added just one stock to his portfolio which is Escorts Kubota Limited. Here are the stocks in which he has offloaded or trimmed his stake: D B Realty Limited Rakesh Jhunjhunwala held [...]
4 Stocks touch 52 week high as markets remain bullish
Domestic benchmark indices started the last session of the week in green. The Sensex gained 220.93 points to touch 58519.73 points, and the Nifty50 climbed to as high as 17,437.90 points, up 222.95 points from its previous close. Here are a few shares that reached their respective 52-week highs as the markets escalated: Mahindra & [...]
RBI hikes interest rate by 50 bps to pre pandemic level
The Reserve Bank on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation and defend the rupee. The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo [...]
Welspun Corp Q1 Results: Standalone net profit grows 37% to Rs 80.50 cr
Welspun Corp Limited (WCL) on Thursday said its standalone net profit rose by 37 per cent to Rs 80.50 crore for the three months to June 2022 on the back of higher income. The company's standalone net profit stood at Rs 58.73 crore in the year-ago period, according to a regulatory filing. Its total income [...]
Dalmia Bharat Q1 Results: Consolidated net profit down 26.8% at Rs 205 cr
Cement maker Dalmia Bharat Ltd on Thursday reported a 26.78 per cent decline in its consolidated net profit to Rs 205 crore for the first quarter ended June 30. The company had posted a net profit of Rs 280 crore during the April-June quarter a year ago, Dalmia Bharat said in a regulatory filing. Its [...]
LIC Housing Finance Q1 Results: Net profit rises multifold to Rs 925.48 cr on lower provisioning
Mortgage financier LIC Housing Finance (LICHFL) reported a multifold rise in its profit after tax at Rs 925.48 crore for the quarter ended June 30 on lower provisioning and higher loan growth. The company had reported a profit after tax of Rs 153.44 crore in the same quarter of the previous fiscal. "In Q1 of [...]
Adani Enterprises Q1 Results: Consolidated profit rises 76% to Rs 469 crore
Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 265.60 crore in the year-ago period, AEL said in a regulatory filing. [...]
Blue Star Q1 Results: Consolidated net profit rises to Rs 74 crore
Air conditioning and commercial refrigeration maker Blue Star Ltd on Thursday saw its consolidated net profit jump to Rs 74.35 crore in the June quarter on higher demand. The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing. Its [...]
India’s most expensive stock jumps 24% to reach its new 52 week high
The shares of MRF Limited, the costliest in India, reached a new 52-week high on Thursday of Rs 89,499.90. In fact, in the last five days, the stock has gained more than 6%. In the past month, the stock has added 24%. In the month of January this year, the stocks were trading at Rs [...]
Adani Group to acquire Macquarie Asia’s toll road portfolio in AP, Gujarat for Rs 3,110 cr
Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore. The portfolio of 972 lane km has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India, the group said in a [...]
Berger Paints Q1 Results: Consolidated net profit rises 81%; revenue up 53%
Berger Paints India Ltd on Thursday reported an increase of 80.60 per cent in consolidated net profit to Rs 253.71 crore for the first quarter ended June 30, 2022. The company had posted a net profit of Rs 140.48 crore in the April-June period a year ago, Berger Paints said in a regulatory filing. Its [...]
Block Deal: Real Estate Stock drops 8% after Ivanhoe sold 1.5% stake
The shares of Macotech Developers (Lodha) tanked 8% to ₹1010 on the Bombay Stock Exchange on Thursday’s intraday trade. This happened after Ivanhoe, the real estate arm of the Canadian pension fund CDPQ, sold a 1.5 per cent stake via block deals. Macrotech Developers is one of the biggest real estate developers and it takes [...]
Dolly Khanna portfolio stock announces record date for dividend
The shares of Chennai Petroleum Corporation were trading at Rs 103 a piece in January this year. From there it has spiked up to the current level of Rs 267 thereby giving a multi-bagger return of 158.08% YTD. In the past six months, the stock has given 135% returns to its shareholders. On Thursday the [...]
Markets halt 6-day rally; end marginally lower
Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, [...]
Balrampur Chini Mills Q1 Results: Consolidated net profit down 84% to Rs 12 crore
Balrampur Chini Mills Ltd on Thursday reported 84 per cent fall in consolidated net profit at Rs 12.38 crore for the quarter ended June. Its net profit stood at Rs 76.92 crore in the year-ago period. Total income fell to Rs 1,094.58 crore in the quarter from Rs 1,145.68 crore in the corresponding period of [...]
Adani Total Gas Q1 Results: Net Profits at 138 crore
Adani Total Gas Ltd on Thursday reported a flat net profit for June quarter as higher gas prices ate into increased CNG and piped cooking gas sales volumes. Net profit of Rs 138 crore in April-June was unchanged from the year-ago period, the company said in a statement. The firm, which is a city gas [...]
Top Stock Picks: 5 Stocks to buy with huge upside potential
On Thursday, The Sensex was up 334.22 points or 0.57% and opened at 58,684.75, and the Nifty was up 91.60 points or 0.53% at 17,479.80. Amid the rising markets, here are a few stocks recommended by top brokerages: Godrej Agrovet Ltd Recommended by: Motilal Oswal CMP: Rs 495 Target: Rs 670 Upside: 36% Rating: Buy Dwarikesh Sugar Industries [...]
Kalyan Jewellers Q1 Results: Consolidated PAT at Rs 108 cr
Jewellery retailer Kalyan Jewellers India on Thursday reported a consolidated profit after tax (PAT) of Rs 107.77 crore for the quarter ended June on the back of robust momentum in both footfalls and revenue across markets. Kalyan Jewellers had posted a loss of Rs 51.30 crore during the corresponding quarter of the previous financial year, [...]
2 Multibagger stocks are coming up with stock split next week; Check the details
Companies split their stocks to alter their share price and outstanding shares without making changes in their operating performance or market capitalization. There are two multibagger stocks that are going to start trading ex-split this week. Inventors who are interested in corporate actions can take a look at the shares of Variman Global Enterprises Ltd and [...]
Rakesh Jhunjhunwala Stock surges 47% in a month; Analysts see an upside of 26%
The shares of Star Health and Allied Insurance Company Limited have been on the rise in the past month. They climbed from ₹ 497.95 to ₹ 732.90 apiece levels, up 47.18%. Ace Investor Rakesh Jhunjhunwala has significant holdings in the company apart from his holdings in Titan Company Ltd. Currently, the big bull holds 100,753,935 [...]
Auto retail sales dip 8% in July on lower registrations of passenger vehicles, 2 wheelers
Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors. As per data released by the automobile dealers' body FADA on Thursday, the overall automobile retail sales last month stood at 14,36,927 units, as compared with 15,59,106 units [...]
Inox Leisure Q1 Results: Net profit at Rs 57 cr
Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net profit of Rs 57.09 crore for the quarter ended June, led by rising footfalls at cinema halls. The company had posted a net loss of Rs 122.28 crore in the April-June period a year ago, said Inox Leisure in a BSE filing. Its [...]
Paradeep Phosphates Q1 Results: Profit after tax rises by 5%
Paradeep Phosphates has declared an income of Rs 2,435 crore from operations for the first quarter of 2022-2023 fiscal, up by 85 per cent as compared to the corresponding period of the previous year. The earnings before interest, taxes, depreciation, and amortisation was Rs 167 crore, an increase of 56 per cent as compared to [...]
Stocks to Watch: 3 Midcap low PE stocks with an upside of up to 98%
As per the Industry experts, mid-caps are able to produce better returns because they are quicker to act than large caps and more financially stable than small caps. An important metric used to analyze whether a stock is overvalued or undervalued is the Price-to-Earnings (PE) Ratio. It measures a stock's current share price relative to [...]
Indigo Q1 Results: Net loss narrows down to Rs 1,064 cr on higher income
Private airline IndiGo on Wednesday reported a net loss of Rs 1,064 crore for the quarter ending June due to high fuel prices and a weak rupee. The Q1 loss was 66.5 per cent less than the loss incurred by the airline in the corresponding period a year ago, IndiGo said in a statement. The [...]
NHAI debt stands at Rs 3.49 lakh crore
The total outstanding debt of state-owned National Highways Authority of India (NHAI) stood at around Rs 3.49 lakh crore as of March 31, 2022, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the fund required by NHAI for debt servicing in 2022-23, [...]
Adani Wilmar Q1 Results: Consolidated net profit up 10%
Edible oil major Adani Wilmar Ltd (AWL) on Wednesday reported a 10 per cent growth in consolidated net profit at Rs 193.59 crore for the quarter ended June on higher sales. Its net profit stood at Rs 175.70 crore in the year-ago period. Total income rose to Rs 14,783.92 crore in the first quarter of [...]
Adani Power Q1 Results: Consolidated net profit rises to Rs 4,780 crore
Adani Power Limited on Wednesday posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in the quarter ended June 2022, on account of growth in income. The consolidated net profit of the company in the year-ago period was at Rs 278.22 crore, according to a regulatory filing. The company's total income rose [...]
Markets bounce back on fag end buying; log 6th day of gains
Equity benchmarks staged a comeback during the fag-end of trade on Wednesday, with the Sensex climbing over 214 points amid continuous foreign fund inflows and a largely positive trend in global markets. Buying in IT counters and Reliance Industries added to the momentum. In a volatile session, the 30-share BSE benchmark ended 214.17 points or [...]
ICICIdirect acquires investor community based networking platform Multipie
Investment platform ICICIdirect on Wednesday said it has acquired Multipie, a web and app-based networking platform for the investor community, that allows its users to exchange ideas and share views on stocks and other securities. The transaction involves acquisition of Multipie App, technology, brand, domain name, user base and other related matters, ICICIdirect said in [...]
Godrej Consumer Q1 Results: Consolidated net profit down 16.56%, Revenue up 8%
FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 16.56 per cent decline in its consolidated net profit at Rs 345.12 crore for the first quarter ended June 30, 2022, on account of commodity inflation and upfront marketing investments. It had posted a net profit of Rs 413.66 crore in the April-June quarter [...]
Stock price of this company jumps 20% after partnership with Jio Platforms
Jio Platforms, the technological arm of Reliance Industries Limited (RIL) has announced a partnership with Subex Limited for its AI Orchestration Platform, HyperSense. The shares of its new partner, Subex Limited surged 20% to ₹ 33.30 apiece and got locked at an upper circuit on Wednesday. The company’s HyperSense AI will augment Jio’s 5G product [...]
Devyani International Q1 Results: Net profit at Rs 74.76 cr
Quick service restaurant (QSR) operator Devyani International Ltd on Wednesday reported a net profit of Rs 74.76 crore for the first quarter ended June 30, 2022. The company, which is the largest franchisee of Yum Brands in India, having Pizza Hut and KFC, and Costa Coffee, had reported a net loss of Rs 33.41 crore [...]
Multibagger Adani Group stock hits 52 week high before Q1 Results
The shares of Adani Transmission Ltd opened at Rs 3,425 on Wednesday and zoomed by 2% to reach its 52-week high of Rs 3,528. Till 12 pm on Wednesday and were trading at Rs 3,471 levels. In august 2021, the shares of Adani Transmission Ltd were trading at Rs 911 a piece. In a year [...]
Govt cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil
The government has halved the windfall tax on the export of diesel and scrapped the levy on jet fuel (ATF) shipments but raised the tax on domestically produced crude oil. The tax on the export of diesel was cut to Rs 5 per litre from Rs 11, according to an official notification issued on Tuesday [...]
Airline stock takes off and jumps more than 40% in 5 days; Do you own it?
After rising 5% on Tuesday on account of clearing its dues with the Airports Authority of India (AAI), the shares of Spice Jet soared 17.92% higher on Wednesday’s early trades. They reached an intraday high of ₹ 52.30 a piece on the bourses. This happened after the Airport Authority of India said that it will release SpiceJet's [...]
This Smallcap Multibagger stock has given returns of more than 1,100% this year
The shares of S & T Corporation Limited are down by 3.6% and are trading at Rs 285 on Wednesday's session. On May 2nd this year the share was trading at Rs 36 a piece. From there it has spiked up to the current level thereby logging a multibagger return of 685% in just three [...]
Adani Green Energy Q1 Results: Consolidated net profit falls 2% to Rs 214 crore
Adani Green Energy Limited (AGEL) on Tuesday posted a fall of over 2 per cent in consolidated net profit at Rs 214 crore in the April-June quarter of FY23, due to higher expenses. The consolidated net profit of the company in the year-ago period was at Rs 219 crore, according to a regulatory filing. The [...]
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