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Midcap stock with businesses in semiconductor, defence, smart meters and kavach systems to keep an eye on in 2025
The EMS (Electronic Manufacturing Services) industry in India has shown robust growth and is expected to maintain a positive outlook, driven by increasing demand for electronics, government support, and global shifts in supply chains. The EMS market is expected to grow at a CAGR of over 20 percent in the next 5-7 years. with the [...]
Hitachi vs GE Vernova T&D India: Which one should you choose?
Transmission companies in India are set to expand significantly, driven by increasing electricity demand and renewable energy integration. Investments in smart grid technologies and HVDC systems will improve efficiency and reliability. Regulatory support and public-private partnerships will further bolster growth, positioning these companies as crucial players in India's energy transition. In this article, we will [...]
EV stock with revenue guidance of 50% from EV Charger business to keep on your radar
India's EV charger market is projected to grow at a remarkable CAGR of 46.5 percent until 2030, driven by increasing electric vehicle adoption and significant investments. The market is expected to surpass 9,00,000 units annually by the decade's end, with a strong focus on fast chargers and government initiatives improving infrastructure, aiming for a balanced [...]
BHEL and 3 other power stock to benefit as India’s atomic power capacity to triple by 2031
Union Minister Jitendra Singh commented that India's atomic power capacity has almost doubled in the past decade from 4,780 megawatts to 8,081 megawatts and it would be tripled by 2031 reaching ~22,480 MW. He further added that capacity developed in the last 10 years equals what was achieved over the previous 60 years. Listed below [...]
Indian listed company whose creditworthiness is one notch higher than India’s sovereign grade
In the dynamic landscape of the Indian corporate world, a leading conglomerate has achieved a remarkable milestone - its creditworthiness has surpassed that of the country it operates in. This unprecedented development highlights the company's robust financial standing and its ability to navigate challenges, even as the broader economic landscape faces uncertainties. As the company [...]
5 Green energy stocks trading at discount up to 45%; Do you own any?
Stock trading at a discount presents an opportunity for investors to acquire quality assets below their intrinsic value. This occurs when market prices don't fully reflect a company's robust financial health, growth potential, or competitive advantages, offering the potential for significant long-term gains as the market corrects itself. Here are the Green energy trading at [...]
Transformers and Rectifiers India VS Voltamp Transformers: Who will dominate the Transformer Industry?
The transformer sector in India is a vital part of the country’s power infrastructure, catering to the growing demand for electricity across industrial, commercial, and residential sectors. With the government's push for renewable energy, smart grids, and infrastructure development, the sector has strong growth potential. Increasing urbanization, electrification of rural areas, and the expansion of [...]
Stock that jumped 5400% in 12 months hits upper circuit after company’s board sets record date for 1:2 bonus
The company operates in the wellness and healthcare sector, focusing on providing natural and organic products aimed at enhancing overall health and well-being. With a growing demand for wellness solutions, particularly in the post-pandemic era, the company is strategically positioned to capture the increasing shift towards natural health supplements, skincare, and fitness products. The wellness [...]
Cement Stock with robust valuations to buy now for an upside of more than 20%
The cement sector is a cornerstone of India’s economy, playing a crucial role in infrastructure development, housing, and construction. With the government’s strong push for infrastructure projects like roads, railways, and housing under schemes such as PMAY (Pradhan Mantri Awaas Yojna), the sector has immense growth potential. Although the sector witnessed modest growth of 2-3% [...]
Defence stock falls 3% after promoters sold 5% stake in the company
In Friday’s trading session, the shares of one of the leading Defence companies in India specialising in the design and manufacturing of high-precision products for sectors, including aerospace, nuclear, defense, and clean energy declined by upto 3 percent following promoters exiting by selling majority of their stakes i.e., upto 5 percent in the company Price [...]
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Serum Institute says it has resumed exports of Covishield vaccine; 1st batch of consignment left Pune facility on Friday. PTI ANZ ABM ABM
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India to resume scheduled international flights from December 15 after coronavirus-induced suspension: Aviation Ministry. PTI DSP SMN SMN
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RBI panel favours hiking the minimum holding of promoters in pvt banks to 26 pc after 15 years from the present 15 pc. PTI BEN MR MR
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Top Editor’s Pick
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
Saregama India Q1 Results: Consolidated net profit up 51.6% to Rs 41.43 cr
Music label Saregama India Ltd on Tuesday reported a 51.59 per cent increase in its consolidated net profit to Rs 41.43 crore for the first quarter ended June 30, 2022. It had posted a net profit of Rs 27.33 crore in the April-June quarter last fiscal, Saregama said in a regulatory filing. Saregama's total income [...]
High taxation limiting growth of super luxury cars in India: Lamborghini chairman
High taxation is limiting the growth of super luxury car sales in India and the market will remain small although the growth rate will be high, according to Automobili Lamborghini Chairman and CEO Stephan Winkelmann. The Italian super sports carmaker, which on Tuesday reported a 4.9 per cent increase in its global deliveries at 5,090 [...]
Sensex, Nifty close marginally up amid geopolitical concerns; extend gains to 5th day
The benchmark BSE Sensex and Nifty closed marginally higher in a volatile trade on Tuesday as gains in FMCG, power and energy stocks helped the indices extend gains for a fifth straight day. The 30-share BSE benchmark ended 20.86 points or 0.04 per cent higher at 58,136.36 with 16 of its constituents ending in the [...]
Adani says will use spectrum to support data centres, businesses
Richest Indian Gautam Adani's group on Tuesday said the Rs 212 crore worth of spectrum it has bought in a millimetre wave band will be used to create a private network to support its businesses and data centres. Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd, acquired the right to use 400MHz [...]
Banks write off loans worth Rs 10 lakh crore in last 5 years
Banks have written off loans worth about Rs 10 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year, Minister of State for Finance Bhagwat K Karad said in a written reply [...]
There is no collapse in Indian rupee, asserts FM Sitharaman
Amid concerns over the decline in the value of the rupee against the US dollar, Finance Minister Nirmala Sitharaman on Tuesday asserted there is no collapse of the unit and it is actually finding its natural course. Sitharaman informed the Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if [...]
4 popular stocks in ASM List; Are you holding any of these stocks?
The Securities and Exchange Board of India (SEBI) and the stock exchanges have introduced various pre-emptive surveillance measures to enhance market integrity and safeguard the interest of investors. Some of these measures include the reduction in price band, periodic call auction and transfer of securities to the Trade for Trade segment from time to time. [...]
2 Large cap Stocks at 52-week high to pay dividends in August; Do you own any?
Dividends are considered important while investing in the stock market as they prove to be a reliable source of income even if the markets are volatile. Here are two large cap stocks that have reached their new 52-week high on Tuesday and are coming up with dividends in August. Varun Beverages Limited The shares of [...]
Zomato jumps more than 17% after Q1 results; Check the latest stock targets
The shares of Zomato rallied by more than 17% in the early trading session on Tuesday and were trading at Rs 54 levels. In the last five days, the stock has added more than 28%. Despite the rally, the stock is still down by 61% YTD. The rally comes after Zomato published its quarter one [...]
Will the markets remain bullish or will they enter a bear phase again?
The Nifty 50 has surged by 9.50% and the Sensex has advanced 9.17% in the past month, especially after a strong rally in the past week. Benchmark Indices closed at their highest levels since April 2022. At this point, market participants wonder if the bear phase is over for Indian equities. Analysts said that the [...]
5G Auction: Record Rs 1.5 lakh cr bids; Jio top bidder
India's biggest ever auction of telecom spectrum received a record Rs 1.5 lakh crore of bids, with Mukesh Ambani's Jio cornering nearly half of all the airwaves sold with an Rs 88,078 crore bid. Richest Indian Gautam Adani's group, whose entry in the auction was billed by some as another flash point in the rivalry [...]
Multibagger Penny stocks that will turn Ex-rights issue this week
multibagger
ICICI Bank, Indian Bank hike lending rates
ICICI Bank, the second-largest private sector lender and state-owned Indian Bank on Monday raised their lending rates across all tenors in anticipation of a rate hike by the RBI later this week. The rates have been increased across all tenors under the marginal cost of funds-based lending rate (MCLR) system, a move that will make [...]
Three brokerages see more than 65% upside in this stock; Do you own it?
Foodservice platform, Zomato Ltd’s share price reached a record low of ₹ 40.60 last week. The shares have been on a downtrend since the company acquired Blinkit. Experts believe that this acquisition will delay the profitability of the company. The shares are currently trading at ₹ 46.50. Three brokerages see huge upside potential in the [...]
4 stocks to pay a dividend of more than 1000% this week; Are you holding any?
The first trading day of August started on a positive note. The benchmark indices are trading in green and the market sentiments seems to be optimistic. Amid this here is a list of companies that are about to pay dividends of more than 1000% this week. Investors can buy shares before the ex-date so as [...]
Sensex advances for 4th day, reclaims 58,000 mark as RIL, auto stocks shine
Equity indices darted up for the fourth straight session on Monday to close at over three-month highs, boosted by robust buying in market heavyweight Reliance Industries and auto stocks amid firm global trends. Strong macroeconomic data and a sustained recovery in the rupee on the back of foreign fund inflows also buoyed sentiments, traders said. [...]
Barbeque Nation Hospitality Q1 Result: Net profit at Rs 16.02 cr
Barbeque-Nation Hospitality Ltd, which operates one of the leading casual dining chains, on Monday reported a net profit of Rs 16.02 crore for the first quarter ended June 30, 2022. The company had clocked a net loss Rs 43.85 crore in the April-June period a year ago, Barbeque-Nation Hospitality said in a regulatory filing. Its [...]
Bajaj Consumer Care Q1 Results: Consolidated net profit dips 30.7% o Rs 33.9 cr
FMCG firm Bajaj Consumer Care Ltd on Monday reported a decline of 30.69 per cent in its consolidated net profit at Rs 33.89 crore for the first quarter ended June 30, 2022. The company had reported a net profit of Rs 48.90 crore in the April-June quarter a year ago, said Bajaj Consumer Care, a [...]
Varun Beverages Q1 Results: Consolidated PAT at Rs 802 cr
Varun Beverages, PepsiCo's largest franchise bottler, on Monday reported a two-fold rise in consolidated profit after tax at Rs 802.01 crore for June quarter on growth in revenue from operations and improvement in margins. The company, which follows January-December financial year, had posted a PAT of Rs 318.80 crore in April-June 2021. Varun Beverages Ltd's [...]
Eveready Industries Q1 Results: Consolidated net profit down 27.5%
Battery and flashlights maker Eveready Industries India Ltd on Monday reported a decline of 27.48 per cent in its consolidated net profit at Rs 21.85 crore for the quarter ended June 30, 2022. The company had posted a net profit of Rs 30.13 crore in the April-June period a year ago, Eveready Industries said in [...]
ATF price cut by steep 12%; commercial LPG reduced by Rs 36
Jet fuel (ATF) prices on Monday were cut by the steepest ever 12 per cent, the second reduction in as many weeks, on softening international oil prices amid recessionary fears. Aviation turbine fuel (ATF) prices were cut by Rs 16,232.36 per kilolitre, or 11.75 per cent, to Rs 121,915.57 per kl in the national capital, [...]
GST collections rises 28% to Rs 1.49 lakh cr in July
GST collections rose 28 per cent to Rs 1.49 lakh crore on an annual basis in July on the back of economic recovery and measures taken to curb tax evasion, the government said on Monday. In July, 2021, Goods and Services Tax (GST) collections stood at Rs 1,16,393 crore. The collections in July this year [...]
RBI likely to raise key policy rate by at least 35 bps to check inflation: Experts
Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 35 basis points to check high retail inflation, experts said. The central bank has already announced to gradually withdraw its accommodative monetary policy stance. The Reserve Bank of India's rate-setting panel [...]
Yes Bank shares climb nearly 6% in early trade
Shares of Yes Bank climbed nearly 6 per cent in Monday morning trade after the announcement that private equity funds Carlyle and Advent International will invest USD 1.115 billion in the lender. The stock jumped 5.75 per cent to Rs 15.80 on the BSE. On the NSE, it advanced 5.68 per cent to Rs 15.80 [...]
Bajaj Group stock declares bonus and stock spilt; Check the details
The shares of Bajaj Finserv Limited opened at Rs 15,199 on Monday as against the previous close of Rs 15,047. Till 10.30 am the share slid by 0.18% and was trading at Rs 15,019 levels. In the last two trading sessions, the stock has added 13% and in the previous five days, the stock has [...]
Stocks to BUY: 5 stocks which can give returns of up to 45%
Domestic Benchmark indices have bounced back and have breached the 1% gain mark. On Friday’s closing bell, the BSE Sensex was quoting at 57,570.25 points, up 1.25% or 712.46 points, while the NSE Nifty 50 has climbed 228.65 points or 1.35% and was quoting at 17,158.25 points. These headline gauges were at their 3-month high. [...]
6 Midcap Stocks in which Mutual Funds have increased their stake
Domestic Mutual Funds have bought shares worth Rs 2.22 lakh crore in the past year after selling shares worth ₹90,000 crores in the previous year. For the last few quarters, mutual funds have increased their holdings in Mid-cap stocks. Here are a few stocks that mutual fund houses have been buying consistently for the last [...]
EVs going mainstream, fire incidents help industry mature: Ather Energy CEO
Electric two-wheelers are going mainstream and the fire incidents will only help manufacturers to focus on quality, thus helping the industry mature, according to Ather Energy cofounder and CEO Tarun Mehta. The Hero MotoCorp-backed firm expects that by the end of this decade up to 30 million electric two-wheelers would be sold in India and [...]
Indian Oil Corporation sold petrol at Rs 10 a litre loss, diesel at Rs 14
Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June, leading to the firm reporting its first quarterly net loss in over two years, a report said. The nation's largest oil refining and fuel retailing firm reported a net loss of Rs 1,992.53 [...]
Harshad Mehta stocks that turned into multibaggers in the long run
Multibagger Stocks: The late Big Bull of Indian stock markets- Harshad Mehta’s name resurfaced on the internet earlier this month. It was when his wife Jyoti Mehta launched a website https://www.harshadmehta.in with the aim to defend her late husband. The purpose was to publicly share the alleged harassment that she and her family have been [...]
India Pharma exports log 8% jump in Q1 to USD 6.26 bn
Indian pharma exports registered a growth of eight per cent during the first quarter of the current financial year to USD 6.26 billion, as officials hope for a 10 per cent growth by the end of the fiscal. Udaya Bhaskar, Director General of Pharmaceuticals Export Promotion Council of India (Pharmexcil), a body under the Department [...]
Over 5 crore ITRs filed so far as deadline ends Sunday
More than 5 crore income tax returns have been filed till late Saturday evening, the department said, a day before the ITR filing time for the financial year 2021-22 ends. The department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due [...]
HDFC hikes lending rate by 25 bps; home loan to be costlier
Mortgage lender HDFC Ltd on Saturday increased its benchmark lending rate by 25 basis points, a move that will make loans dearer for both existing and new borrowers. The rate hike comes ahead of the RBI's Monetary Policy Committee (MPC) meeting later next week. It is widely expected that MPC would hike interest rates to [...]
Godfrey Phillips India Q1 Results: Consolidated net profit rises 16.6%
Cigarette maker Godfrey Phillips India Ltd on Saturday reported a 16.6 per cent rise in its consolidated net profit to Rs 131.05 crore for the first quarter ended June 30. The company had posted a net profit of Rs 112.40 crore during the April-June quarter of the preceding fiscal, Godfrey Phillips India said in a [...]
Utkarsh Small Finance Bank files fresh draft papers; cuts IPO size
Utkarsh Small Finance Bank has refiled preliminary papers with capital market regulator Sebi and reduced its initial public offering (IPO) size to Rs 500 crore from Rs 1,350 crore planned earlier. The company filed the paper afresh as the regulator's one-year approval given to the Varanasi-headquartered small finance bank (SFB) to launch IPO expired last [...]
Stocks that might witness selling pressure, as one year lock-in period is about to end soon
Zomato Limited’s shares plunged to clock a new 52- week low after they witnessed selling pressure this week, due to the end of the one-year lock-in period post listing. For a period of one year after the IPO, promoters, founders, employees and other shareholders who held Zomato’s shares before the IPO was not allowed to [...]
Zee Media Corporation Q1 Results: Consolidated net profit at Rs 4.55 crore
Zee Media Corporation Ltd (ZMCL) on Friday reported a consolidated net profit of Rs 4.55 crore for the first quarter ended June. The company had posted a net profit of Rs 218.08 crore during the April-June quarter of the previous fiscal, helped by gains from exceptional items, Zee Media Corporation Ltd (ZMCL) said in a [...]
Cipla Q1 Results: Profit after tax dips 4%
Drug major Cipla on Friday posted a 4 per cent decline in its consolidated profit after tax to Rs 686 crore for the April-June quarter of this fiscal. The Mumbai-based company had reported a profit after tax of Rs 715 crore in the April-June quarter of the last fiscal. Total revenue from operations declined to [...]
JK Paper Q1 Results: Consolidated net profit rises to Rs 264 crore
JK Paper on Friday reported a two-fold increase in consolidated net profit at Rs 264.23 crore for the quarter ended June, helped by higher sales volume and enhanced sales realisation. The company had logged a net profit of Rs 104.22 crore in the April-June period a year ago, JK Paper said in a regulatory filing. [...]
Deepak Fertilisers Q1 Results: Consolidated net profit jumps over 3 fold to Rs 435 cr
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Friday posted an over three-fold jump in consolidated net profit to Rs 435.66 crore in the June quarter on strong sales. Its net profit stood at Rs 130.63 crore in the year-ago period, according to a regulatory filing. Total income increased by 59.45 per cent on a [...]
Stocks to Watch: 5 stocks in which FIIs have increased their stake
As per data, foreign investors own about 18-20 per cent of the Indian stock market. Among them, the Foreign Institutional Investors (FIIs) are tracked the most to get a consensus about the sentiments of the foreign investors. The Foreign Institutional Investors were on a selling spree at the beginning of the year. However, they have [...]
Emami Q1 Results: Profit after tax down 7% to Rs 73 cr
Homegrown FMCG firm Emami Ltd on Friday reported 6.55 per cent decline in June quarter profit after tax (PAT) at Rs 72.69 crore. The company had posted a PAT of Rs 77.79 crore in April-June 2021-22, Emami said in a regulatory filing. However, revenue from operations was up 17.75 per cent to Rs 778.29 crore [...]
Sensex, Nifty spurt over 1%, extend rally to 3rd straight day
Benchmark BSE Sensex and Nifty spurted over 1 per cent to extend their winning run to a third day on Friday following buying in index majors Reliance Industries, Infosys and HDFC twins. A largely buoyant global trends also helped indices continue their gaining streak. The 30-share BSE barometer jumped 712.46 points or 1.25 per cent [...]
Sun Pharma Q1 results: Consolidated net profit up 43%
Sun Pharma on Friday reported 43 per cent rise in consolidated net profit at Rs 2,061 crore for June quarter, riding on robust sales across markets. The Mumbai-based company had posted a net profit of Rs 1,444 crore in April-June 2021-22. Total revenue from operations rose to Rs 10,762 crore in the period under review [...]
Ashok Leyland Q1 Results: Consolidated net profit at Rs 96 cr
Commercial vehicles maker Ashok Leyland on Friday reported a consolidated net profit of Rs 96 crore for June quarter 2022-23 riding on higher sales. The company had incurred a net loss of Rs 324 crore in the same period last fiscal year, Ashok Leyland said in a regulatory filing. Revenue from operations more than doubled [...]
HDFC Ltd Q1 Results: Standalone net profit rises 22% to Rs 3,669 cr
Mortgage lender HDFC Ltd on Friday reported a 22.2 per cent rise in its standalone net profit to Rs 3,668.92 crore for the first quarter ended June 30, on higher income driven by robust loan disbursements. The company's net profit in the same quarter a year ago stood at Rs 3,001 crore. Its total income [...]
Zydus Wellness Q1 Results: Consolidated net profit up 4.75%
Zydus Wellness on Friday reported a 4.75 per cent rise in consolidated net profit to Rs 137.01 crore in the first quarter ended June 30, impacted by higher expenses and a one-time outgo for plant closure. The company had posted a consolidated profit after tax at Rs 130.8 crore in the same period last fiscal, [...]
Apple India revenue almost doubles in June 2022 quarter
Technology giant Apple, which recorded 83 billion dollars in revenue for the third quarter ended June 2022, has reported a "near doubling" of revenue in India. Announcing financial results for its fiscal 2022 third quarter ended June 25, Apple on Thursday said it has achieved a revenue record of USD 83 billion, up 2 per [...]
PNB Q1 Results: Standalone net profit falls 70%
State-owned Punjab National Bank (PNB) on Thursday reported a 70 per cent decline in standalone net profit to Rs 308.44 crore in the three months ended June. The bank had posted a net profit of Rs 1,023.46 crore in the year-ago period. In the March quarter, the same stood at Rs 201.57 crore. Total income [...]
Top Stock Picks: 6 Stocks to BUY for an upside of more than 55%
Benchmark indices ended higher for the second consecutive day. The Sensex was up 1,041.47 points or 1.87% and closed at 56,857.79, and the Nifty was up 287.80 points or 1.73% and ended at 16,929.60. With the rising markets Here are some of the stocks that are recommended by the analysts for an upside of up [...]
Olectra Greentech Q 1 Results: Net profit jumps more than 800% YoY
Electric mobility company Olectra Greentech on Thursday posted a multi-fold jump year-on-year in its net profit to Rs 18.8 crore for the June quarter, mainly on the back of higher revenues. Olectra had reported a net profit of Rs 2 crore in the quarter ended June 30, 2021, the company said in a statement. Its [...]
Mahindra Finance Q1 Results: Consolidated net profit at Rs 240 cr
Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations. The company had posted a net loss of Rs 1,573.40 crore in April-June 2021-22. The loss in the year-ago period was due to the impact [...]
Markets rally for 2nd day, climb nearly 2%
Benchmark indices rallied on Thursday with the Sensex and Nifty climbing nearly 2 per cent, helped by heavy buying in Bajaj Finance shares amid a mixed trend in the global equity markets. The 30-share BSE benchmark jumped 1,041.47 points or 1.87 per cent to settle at 56,857.79. During the day, it rallied 1,097.9 points or [...]
Brokerages bullish on this Tata Group Stock; Are you holding it?
The shares of Tata Motors plunged 3.75% to hit an intraday low of ₹ 427.40 on the NSE. Its consolidated losses for the first quarter ended June 2022 deepened. This happened due to semiconductor woes, coupled with a lockdown in China and volatile foreign exchange, dented earnings at Jaguar Land Rover (JLR) Automotive — its [...]
Jubilant FoodWorks Q1 Results: Consolidated net profit rises 63%; revenue up 40.5%
Jubilant FoodWorks, operator of fast-food chains Domino's Pizza and Dunkin' Donuts, on Thursday reported a 63.01 per cent increase in its consolidated net profit at Rs 112.58 crore in the April-June quarter. The company had posted a consolidated net profit of Rs 69.06 crore in the same quarter of the previous fiscal, Jubilant FoodWorks Ltd [...]
Bajaj Finserv Q1 Results: Net profit jumps 57% to Rs 1,309 cr
Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies. In the year-ago period, the company had posted a net profit of Rs 833 crore. Company's consolidated total income during April-June period of 2022-23 [...]
SpiceJet shares down 5%; Stock plunges to 2 year low
The Directorate General of Civil Aviation (DGCA), on Wednesday, in an unprecedented action ordered low-cost carrier SpiceJet to operate only 50% of its flights for eight weeks. Several planes of the airline reported technical malfunction recently. The airline’s shares plunged by nearly 10% during early trades on Thursday, to reach their two-year low of ₹ [...]
LIC and Government to sell up to 65% stake in this Bank Stock
The government and the Life Insurance Corporation of India (LIC) may sell up to 65% of their stake in IDBI Bank before the end of the current financial year. These majority stakeholders will have to do a basic benchmark in terms of ceding ownership in the bank. The process may start with 51% odd and [...]
Nestle India Q2 Results: Net profit falls 4.3%, net sales up 15.7%
FMCG major Nestle India Ltd on Thursday reported a decline of 4.31 per cent in its net profit at Rs 515.34 crore for the second quarter ended June 30, 2022. The company, which follows the January-December financial year, had posted a net profit of Rs 538.58 crore in the corresponding period a year ago, Nestle [...]
United Breweries Q1 Results: Consolidated net profit rises more than 400%
Beer maker United Breweries Ltd on Wednesday reported a five-fold jump in its consolidated net profit to Rs 162.50 crore in the June quarter, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 30.94 crore in the year-ago period, according [...]
Shriram City Q1 Results: Net profit rises 63%
Non-bank lender Shriram City Union Finance on Wednesday reported a 63 per cent rise in its June quarter net profit to Rs 345.35 crore. The company had reported a total comprehensive income of Rs 211.68 crore on a consolidated basis in the year-ago period. On a standalone basis, the total comprehensive income rose to Rs [...]
Welspun India Q1 Results: Consolidated net profit down 90.4%
Home textiles major Welspun India Ltd on Wednesday reported a decline of 90.41 per cent in its consolidated net profit to Rs 21.36 crore for the June 2022 quarter, mainly on account of high input costs. The company had posted a consolidated net profit of Rs 222.90 crore in the April-June quarter a year ago, [...]
SKF India Q1 Results: Consolidated net profit rises 63%
Auto component maker SKF India on Wednesday reported a 63 per cent increase in its consolidated profit after tax at Rs 129.12 crore in the April-June quarter of the current financial year. SKF India had recorded a consolidated PAT (Profit After Tax) of Rs 79.12 crore in the same quarter of the previous fiscal, according [...]
Sebi clears change in ownership of HDFC Ltd subsidiary HDFC Property Ventures
Markets regulator Sebi has granted the in-principle approval for the change in control of HDFC Ltd's wholly-owned subsidiary HDFC Property Ventures Ltd. The change in control will happen pursuant to the merger of HDFC Ltd with HDFC Bank. In April, HDFC Bank and its parent company Housing Development Finance Corporation (HDFC) got approvals from their [...]
Schaeffler India Q1 Results: Net profit rises 76%
Industrial and automotive component supplier Schaeffler India on Wednesday reported a 76 per cent year-on-year growth in net profit at Rs 225.75 crore in the April-June quarter of this year. In the same quarter of the previous year, the company's net profit stood at Rs 128.13 crore, as per the regulatory filing. The company follows [...]
Pharma stock announces a dividend of 1930% or ₹ 193 per share; Do you own it?
Pharma Company, Sanofi India’s board of directors have recommended a special dividend of ₹ 193 against a face value of ₹ 10 per equity share (1930% of its face value), for the financial year ending December 2022. The company’s board announced this decision after its scheduled board meeting held on July 26, 2022. "The Board [...]
Bajaj Finance Q1 Results: Consolidated net profit more than doubles to Rs 2,596 cr
Bajaj Finance Ltd on Wednesday reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for the June quarter, helped by robust income due to brisk loan growth. The company had reported a net profit of Rs 1,002 crore in the year-ago period. Total income rose by 38 per cent to Rs 9,283 crore [...]
Maruti Suzuki Q1 Results: Consolidated net profit jumps two-fold to Rs 1,036 cr
Maruti Suzuki India (MSI) on Wednesday reported over two-fold jump in its consolidated net profit to Rs 1,036 crore for the first quarter ended June 30, mainly due to a low base in the year-ago period. The auto major had posted a net profit of Rs 475 crore in the COVID-hit April-June quarter of the [...]
Markets bounce back after 2 day decline; Sensex, Nifty climb 1 nearly%
Benchmark indices bounced back on Wednesday after a two-day decline, with the Sensex and Nifty climbing nearly 1 per cent each, tracking a positive trend in European markets. Buying in IT and bank stocks also supported the recovery in equities. The 30-share BSE benchmark jumped 547.83 points or 0.99 per cent to settle at 55,816.32. [...]
Tata Group Stock gains 8.8% on reporting a 72% jump in its Q1 profit
The shares of Tata Investment Corporation jumped 8.8% during early trades on Wednesday after the company posted robust results in the latest quarter. The shares are currently trading at ₹ 1491.00 apiece, up 5.48%. The company’s total income increased by 64.69% to ₹ 102.08 crores in Q1FY23 (June quarter) as against ₹ 61.98 crores in [...]
Multibagger BSE stock with 197% returns in a year gets listed on NSE today
On Wednesday, the shares of Dynamic Cables Ltd were trading up by 1.5% till 12 pm and were trading at Rs 142 levels. The stock has been rallying for the last few days and added more than 19%. A year ago, the stock was trading at Rs 47 a piece. From there it has escalated [...]
5G spectrum: Fifth round of bidding underway, auctions may conclude today
After a better-than-expected response from players on the opening day, the 5G spectrum auctions entered the second day on Wednesday, with the fifth round of bidding currently underway. Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea had put in bids of about Rs 1.45 lakh crore [...]
Does Yes Bank have the potential to become a multibagger stock?
On Wednesday, The shares of Yes Bank Limited jumped by 4.3% till 11.30 am and were trading at Rs 14.30. The stock has added approximately 4% in a week. Within the span of a month, the stock has scaled by more than 11%. Yes Bank Limited is a private sector bank engaged in providing banking [...]
Larsen & Toubro shares climb nearly 4% after June quarter earnings
Shares of Larsen & Toubro (L&T) climbed nearly 4 per cent in morning trade on Wednesday after the company's consolidated net profit increased 44.9 per cent in the June quarter this year. The stock jumped 3.62 per cent to Rs 1,814.30 on the BSE. At the NSE, it advanced 3.58 per cent to Rs 1,814 [...]
Jio, Airtel, Adani pour Rs 1.45 lakh crore bids for 5G spectrum
Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani bid about Rs 1.45 lakh crore to buy fifth-generation (5G) airwaves on the opening day of India's largest-ever spectrum auction on Tuesday. Telecom Minister Ashwini Vaishnaw said the response on the first day of the auction exceeded all expectations and will surpass the [...]
Shoppers Stop Q1 Results: Consolidated net profit at Rs 22.83 cr, sales up to Rs 948.44 cr
Retail chain Shoppers Stop Ltd on Tuesday reported a consolidated net profit of Rs 22.83 crore for the first quarter that ended on June 30, 2022. The company had posted a net loss of Rs 104.89 crore in the April-June quarter a year ago, said Shoppers Stop in a regulatory filing. Its revenue from operations [...]
Ujjivan SFB shares jump nearly 10% after earnings announcement
Shares of Ujjivan Small Finance Bank on Tuesday jumped nearly 10 per cent after the company reported its highest-ever quarterly profit in the June quarter at Rs 203 crore. The stock climbed 9.77 per cent to Rs 19.10 -- its highest trading permissible limit for the day -- on the BSE. On the NSE, it [...]
Tata Power Q1 Results: Consolidated net profit jumps 90%; plans Rs 14000 cr capex in FY23
Tata Power on Tuesday posted a nearly 90 per cent jump in its consolidated net profit to Rs 883.54 crore for the April-June quarter of the current fiscal driven by higher income. The company had posted a net profit of Rs 465.69 crore in the same quarter of 2021-22, Tata Power said in a BSE [...]
IEX power trade volume rises 10% to 23 billion units in Q1
The trade volume on the Indian Energy Exchange (IEX) grew 10 per cent to 23.4 billion units in June quarter mainly due to rise in power consumption in the country during the period. The trade volume in the quarter comprised 20.64 billion units (BU) in the conventional power market, 1.52 BU in the green market [...]
Rakesh Jhunjhunwala stock gets a BUY call with an upside of more than 40%
The shares of Canara Bank Ltd were trading lower by 1.18% at Rs 222.15 a piece till the afternoon of Tuesday's trading session. In the past month, the stock has zoomed by more than 18%. Ace investor Rakesh Jhunjhunwala holds 3,55,97,400 shares in the company which represents a stake of 1.96% in the company with [...]
Sensex, Nifty drop nearly 1% on global recession fears
Benchmark BSE Sensex and Nifty closed lower by nearly 1 per cent on Tuesday amid fresh foreign fund outflows and mixed global trends. The 30-share BSE benchmark fell by 497.73 points or 0.89 per cent to settle at 55,268.49, extending its losses for second straight day. During the day, it tanked 562.79 points or 1 [...]
Time to Accumulate: 2 Blue chip stocks which have huge upside potential
Equity benchmark indices continued to fall for the second day running on Tuesday. The BSE Sensex benchmark fell 282.85 points to open at 55,483.37 while the broader index, NSE Nifty declined 88.8 points to open at 16,542.20. Amid the declining markets, here are two blue-chip stocks that analysts are bullish on after they posted their [...]
Bajaj Auto Q1 Results: Consolidated net profit dips marginally to Rs 1,163 cr
Bajaj Auto on Tuesday reported a marginal decline in consolidated net profit at Rs 1,163 crore for June quarter 2022-23 as chip shortage impacted sales. The Pune-based firm had posted a net profit of Rs 1,170 crore in April-June period a year ago. Total revenue from operations rose to Rs 8,005 crore in the quarter [...]
BUY this IT stock for an upside of 85%; HDFC Securities
The shares of Tanla platforms opened at Rs 869 on Tuesday and sharply declined by 20% to hit the lower circuit. It touched its 52-week low of Rs 730. In the last five days, the stock has declined by more than 26%. This was mainly driven by the excessive selling of shares by the investors [...]
Newly listed stock jumps 28% to reach a fresh 52 week high; Are you holding it?
The shares of eMudhra Limited soared 28% in the last two days and reached a fresh 52-week high of ₹ 327.25 apiece on the National Stock Exchange. This happened after the company reported healthy earnings for the quarter ended June 2022 (Q1FY23). Its margins improved due to higher contribution from Enterprise Solution business and operational [...]
Markets fall for 2nd day in row; Sensex declines 283 points in early trade
Equity benchmark indices continued to fall for the second day running on Tuesday with the BSE Sensex sliding 283 points in early trade amid foreign funds outflow and mixed trends in global markets. The 30-share BSE benchmark fell 282.85 points to 55,483.37. The broader NSE Nifty declined 88.8 points to 16,542.20. Among the Sensex constituents, [...]
Tata Steel Q1 Results: Consolidated net profit falls 21% to Rs 7,714 cr on higher costs
Domestic steel major Tata Steel on Monday posted a 21 per cent fall in its consolidated net profit to Rs 7,714 crore for the April-June quarter due to higher costs of materials and finance costs. The company had reported a net profit of Rs 9,768 crore in the same period of 2021-22, the company said [...]
Future Supply Chain Solutions Q4 Results: Net loss of Rs 624.22 crore
Future Supply Chain Solutions Ltd on Monday reported a net loss of Rs 624.22 crore for the fourth quarter ended March this year. The loss was mainly on account of credit loss from group firm Future Retail Ltd (FRL) which is now facing insolvency proceedings. The company reported a net profit of Rs 47.87 crore [...]
5 Stocks that will start trading ex-dividend this week; Do you own any?
Dividends have been a passive source of income for many. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. Here is a list of companies that are going to start trading ex-dividend this week: MRF Ltd. Ex-dividend date: July 27, 2022Dividend Type: FinalDividend per share: ₹144Face Value: ₹ [...]
Tech Mahindra Q1 Results: Consolidated net profit falls 16.4% to Rs 1,132 crore
Tech Mahindra on Monday reported a 16.4 per cent slide in its consolidated net profit at Rs 1,132 crore for the June 2022 quarter. The Mahindra group company, which is the fifth biggest IT exporter in the country, had posted a net profit of Rs 1,353 crore in the year-ago period. For the reporting quarter, [...]
Markets break six-day rally dragged down by Reliance
Benchmark indices fell on Monday with the BSE Sensex declining 306 points, mainly dragged down by Reliance Industries. Foreign funds outflow also added to the overall bearish trend in equities on Monday. The 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22. During the day, it declined 535.15 points or [...]
Tata group stock to trade ex-split this week; Do you own it?
The shares of Tata Steel will start trading ex-split on Thursday, this week. The company has announced a stock split in the ratio of 1:10 and the record date has been fixed as July 29, 2022. The company's shares have dropped 26.01% in the past year and by 15.94% as per year-to-date data. “The Board [...]
Zomato shares at the price of tomato as they reach all time low
The shares of Zomato Limited plunged more than 14% to reach ₹46 a piece, an all-time low. This happened as the one-year lock-in period for the pre-IPO investors had ended. This has led to a selling rush as per analysts. “As there is no promoter, all shareholders, including the founders, collectively owning 77.87 per cent [...]
ICICI Bank shares rise over 2% after June quarter earnings
Shares of ICICI Bank gained over 2 per cent in morning trade on Monday after the company reported a 55.04 per cent jump in its June quarter consolidated net profit. The stock rose 2.23 per cent to Rs 817.85 on the BSE. At the NSE, it went higher by 2.21 per cent to Rs 817.80 [...]
Policybazar says its IT system compromised; authorities informed
PB Fintech, the parent company of Policybazaar Insurance Brokers Private Ltd, on Sunday said that the IT system of the firm was hacked on July 19 and subsequent corrective action was taken. The company identified certain vulnerabilities on July 19 in a part of Policybazaar Insurance Brokers IT systems leading to illegal and unauthorized access [...]
Infosys Q1 Results: Net Profit up 3.2%, lower than estimates
India's second-largest IT services firm Infosys reported a lower-than-estimated 3.2 per cent rise in June quarter net profit as operating margin declined on rising expenses. Net profit is at Rs 5,360 crore, or Rs 12.78 a share, compared with Rs 5,195 crore, or Rs 12.24 per share, in the same period a year back, the [...]
Stocks to BUY: 6 Stocks which can deliver up to 50% returns
The market rose for the sixth straight day to close at nearly a 3-month high. Indian benchmark indices ended Friday’s session on a higher note with the Nifty 50 surpassing the crucial 16700-mark. The BSE Sensex was up 390.28 points or 0.70% and closed at 56,072.23. While the NSE Nifty 50 was up 114.20 points [...]
Weekly Recap: RBI wants cryptocurrency ban, 5G spectrum auction and More!
Indian equity benchmarks opened in the green on Monday and extended the rally until Wednesday. However, they were flat on Thursday. By Friday’s closing bell, benchmark indices clocked three-month closing highs earlier in the day, continuing to rise for the sixth session in a row, led by financial, oil & gas, FMCG and auto shares. [...]
Buy, Sell or Hold: What should investors do with this IT Stock?
IT major Wipro posted a nearly 21% decline in consolidated PAT, while revenue climbed 18% year on year. Its attrition rate slipped marginally compared to the preceding quarter, however, the company hired 15,446 employees from April to June. Wipro announced a consolidated net profit of ₹ 2,563.6 crores as against ₹ 3,242.6 crores in the [...]
Stocks to Watch: 5 Multibagger penny stocks which are debt free
Debt-free companies are considered self-reliant as they do not have any outstanding financial obligations which need to be repaid over time. Generally, financial liabilities attract a certain type of charges, or interest that is an additional cost for the company. Hence, debt-free companies are generally considered to be low-risk investments. Here is a list of [...]
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