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Bharat Forge and IGL Lead Intra day Gains on Friday on strong Q1 results

It is raining profits on Dalal Street as the companies roll out strong Q1FY23 results. So far the June quarter results of most the companies are positive with some giving excellent figures. This has uplifted the market sentiment and translated into good returns for shareholders of the companies. Bharat Forge The shares of Bharat Forge [...]

Sensex extends gains for 2nd day ahead of IIP, inflation data

Benchmark BSE Sensex gained 130 points on Friday after gains in index majors Reliance Industries, ICICI Bank and Tata steel ahead of the release of inflation and factory output data. Recovering from its early losses, the 30-share BSE index ended 130.18 points or 0.22 per cent higher at 59,462.78 in a range-bound trade. The broader [...]

Adani Group Stock to replace Shree Cement in upcoming NIFTY 50 rebalance

The Nifty 50 index is generally rebalanced every quarter and semi-annually. As a part of its periodic review, the next rebalancing of Nifty is about to take place in August 2022 which will be effective from September 30th, 2022.  These changes will take into account the average Free Float (FF) market capitalisation for the period [...]

Amusement park operator stock jumps 25% in 2 days on robust Q1 Results

The shares of Wonderla Holidays, a small-cap amusement parks operator hit the upper circuit of 20% on Thursday. The stock advanced Rs. 55.80 or 19.99% to touch hits 52-week high of Rs. 334.95 per share. The company declared its results at 1:30 PM IST after which the stock surged to hit its upper circuit limit. [...]

Shares of Oil India gain 3.56% on strong June qtr numbers

Shares of Oil India Ltd (OIL) gained 3.56 per cent in morning trade on Friday after the nation's second-largest state explorer reported strong June quarter results. On BSE, shares of OIL opened on a strong note at Rs 190, then gained more ground to touch Rs 194.65, registering a jump of 3.56 per cent over [...]

Page Industries shares hit 52 week high on strong Q1 earnings

Shares of Page Industries hit a 52-week high in morning trade on Friday after the apparel manufacturer reported a multi-fold jump in the first quarter net profit. Shares of Page Industries opened on a strong note on BSE at Rs 49,799.95, then gained momentum to touch its 52-week high of Rs 50,338.05, registering a jump [...]

Sensex drops 155 pts in early trade; Nifty tests 17,600

Equity benchmark Sensex fell 155 points in early trade on Friday, tracking losses in index-heavyweights TCS, Infosys and Maruti amid a mixed trend in global markets. The 30-share BSE index was trading 155.21 points or 0.26 per cent lower at 59,177.39 in initial deals. Similarly, the broader NSE Nifty slipped 37.25 points or 0.21 per [...]

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 [...]

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 [...]

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 & [...]

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Jio Q4 profit up 24 pc to Rs 4,173 cr; revenue rises to Rs 20,901 cr: BSE filing. PTI PRS MBI PRS ABM ABM

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In all-share deal, L&T Infotech to offer 73 shares for every 100 shares of Mindtree: Co statement. AA MBI MBI ABM ABM

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L&T Infotech, Mindtree announce merger; combined entity to be called 'LTIMindtree'. PTI AA MBI MBI ABM ABM

IPO Alert

Inox Green Energy Services files fresh draft papers with Sebi for Rs 740-cr IPO

Inox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter [...]

Deltatech Gaming files Rs 550 cr IPO papers with Sebi

Deltatech Gaming Ltd, a digitally native, technology-led gaming platform, has filed preliminary papers with the markets regulator Sebi to raise Rs 550 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) of Rs 250 crore by promoter -- Delta [...]

PhonePe prepping for IPO; seeks valuation of USD 8-10 billion

PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering to raise funds through an initial public offering for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday. The digital payment company is seeking a valuation of USD 8-10 billion, they added. According [...]

LIC shares tumble nearly 6%; down over 29% from issue price

Shares of Life Insurance Corporation of India (LIC) continued to fall for the tenth day running on Monday and tumbled nearly 6 per cent. The stock tanked 5.85 per cent to settle at Rs 668.20 apiece on the BSE. During the day, it plunged 6 per cent to Rs 666.90. On the NSE, it tumbled [...]

Foxconn Bharat FIH gets Sebi nod to float Rs 5,000 cr IPO

Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has received capital markets regulator Sebi's go ahead to raise Rs 5,000 crore through an Initial Public Offering (IPO). The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to [...]

Tamilnad Mercantile Bank gets nod from Sebi to float IPO

Private sector lender Tamilnad Mercantile Bank has received capital markets regulator Sebi's go ahead to mop-up funds through an initial share sale. The Initial Public Offer (IPO) comprises a fresh issue of 1,58,27,495 equity shares and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders, according to the Draft Red Herring [...]

Top Editor’s Pick

Multibagger stock slips 20% after Lok Sabha passed Energy Conservation Bill

The shares of EKI Energy plunged almost 20% in the past three days after the Lok Sabha passed the Energy Conservation (Amendment) Bill to establish the carbon credit market in India, on August 08, 2022. Its shares are currently trading at ₹1,706.95 apiece. Prime Minister Narendra Modi’s Government is seeking changes to the energy conservation [...]

Apparel Stock crosses ₹50,000 mark after MRF on robust Q1; Brokerages see more upside

Apparel manufacturer Page Industries Ltd on Friday became the second stock on the Indian bourses to cross the share price of ₹ 50,000 apiece on Friday’s early deals after it reported a multi-fold jump in the first quarter net profit. Its shares reached an all-time high of ₹ 50,350. Apart from Page Industries, MRF has [...]

3 Rakesh Jhunjhunwala stocks reach 52 week high; Check their latest targets

The Indian indices opened in green on Thursday. The Sensex was up 585.21 points or 0.99% and opened at 59402.50, and the Nifty was up 161.40 points or 0.92% at 17696.20.  With the rising markets, here are two Rakesh Jhunjhunwala stocks that have reached their 52-week high and analysts see a further upside of up [...]

₹ 2.8 to ₹ 31.5: This Multibagger stock has given returns of more than 1,000% a year!

The shares of Alliance Integrated Metaliks Limited opened in the green on Thursday. They surged by 29.38% in the last five days. In fact, they rose 9.97% on Wednesday’s intraday trade and got locked at an upper circuit amid a choppy session. The company manufactures a wide range of metal structures and parts of metal [...]

Multibagger chemical stock which gave returns of 124% in a year, Jumps 15% today

Multibagger Stock: A year ago the shares of Fine Organic Industries Ltd were trading at Rs 2992 a piece on NSE. From there it has climbed up to the current levels of Rs 6,774 thereby giving a multibagger return of 124% in just a year.  On Wednesday the stock opened at Rs 6,800 up 16% [...]

Latest Market News

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 [...]

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 [...]

ITC Q1 Results: Consolidated net profit rises 33%

ITC Ltd on Monday reported an increase of 33.46 per cent in consolidated net profit to Rs 4,462.25 crore for the first quarter ended June. The company had posted a net profit of Rs 3,343.44 crore during the April-June quarter of the previous fiscal, it said in a regulatory filing. Its revenue from operations was [...]

UPL Q1 Results: Consolidated net profit jumps 34.17%

Agrochemical major UPL Ltd on Monday reported a 34.17 per cent rise in consolidated net profit to Rs 1,005 crore for the quarter ending June 30 compared to the same period of the previous financial year. The company's consolidated net stood at Rs 749 crore during the April-June quarter of 2021-22, UPL said in a [...]

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 [...]

Arvind Ltd Q1 Results: Consolidated net profit at Rs 101.62 cr, Net sales up 64%

Leading textile manufacturer Arvind Ltd on Monday reported a consolidated net profit of Rs 101.62 crore for the first quarter that ended on June 30, 2022. The company had posted a net loss of Rs 11.42 crore during the April-June quarter of the previous fiscal, Arvind said in a regulatory filing. Its revenue from operations [...]

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 [...]

CDSL Q1 Results: Consolidated PAT drops 10% to Rs 58 cr

Leading depository CDSL has reported a 10 per cent decline in consolidated profit after tax (PAT) at Rs 57.61 crore for June quarter 2022-23. It had posted a PAT of Rs 63.99 crore in the year-ago period, the Central Depository Services (India) Ltd or CDSL said in a filing to the NSE. Total income rose [...]

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 [...]

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 [...]

Oriental Hotels Q1 Results: Standalone PAT at Rs 11.09 cr

Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd has reported its highest ever standalone profit after tax at Rs 11.09 crore for the quarter ending June 30, 2022 following a resurgence in travel, the company said on Saturday. The company had reported a standalone net loss at Rs 16.83 crore during [...]

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 [...]

DLF Q1 Results: Consolidated net profit up 39%

Realty major DLF Ltd on Friday reported a 39 per cent increase in its consolidated net profit to Rs 469.57 crore in the first quarter ended June 30, mainly due to better sales. Its net profit stood at Rs 337.10 crore in the year-ago period. Its total income rose to Rs 1,516.28 crore in the [...]

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 [...]

IOC posts Rs 1,992.53 cr net loss in Q1 on petrol, diesel price freeze

Indian Oil Corporation (IOC) on Friday reported a net loss of Rs 1,992.53 crore for the June quarter because of a freeze on petrol, diesel and LPG prices despite rising input costs. Net loss of Rs 1,992.53 crore in April-June compared to Rs 5,941.37 crore of net profit in the same period a year back, [...]

Exide Industries Q1 Results: PAT rises five-fold to Rs 202.44 crore

Battery maker Exide Industries on Friday reported an over five-fold rise in consolidated net profit after tax to Rs 202.44 crore for the first quarter ended June 30, driven by higher revenue. The company had posted a consolidated net profit after tax of Rs 31.81 crore in the same quarter last fiscal, Exide Industries Ltd [...]

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 [...]

Vedanta Q1 Results: Consolidated net profit rises 5%

Vedanta on Thursday reported a marginal 4.6 per cent rise in its consolidated net profit at Rs 4,421 crore in the April-June quarter due to higher sales volume, commodity prices and strategic hedging gains. The diversified natural resources company had posted a consolidated net profit of Rs 4,224 crore in the year-ago period, Vedanta Ltd [...]

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, [...]

Biocon Q1 Results: Consolidated net profit rises 71%

Biotechnology major Biocon on Wednesday reported a 71 per cent increase in consolidated net profit at Rs 144 crore for the June quarter on the back of robust growth across business verticals. The company had posted a net profit of Rs 84 crore in the April-June quarter of the previous fiscal. Total revenue rose to [...]

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 [...]

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 [...]

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, [...]

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 [...]

Axis Bank Q1 Results: Net profit nearly doubles to Rs 4,125 crore

Axis Bank on Monday said its net profit nearly doubled to Rs 4,125 crore in the April-June quarter of FY23, helped by decline in bad loans. The private sector bank had registered a net profit of Rs 2,160 crore in the corresponding quarter of the previous fiscal. Total income of the bank rose to Rs [...]

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 [...]

Reliance Industries shares fall 4% after earnings announcement

Shares of Reliance Industries fell nearly 4 per cent in morning trade on Monday after the company's June quarter earnings failed to enthuse investors. The market heavyweight stock declined 3.95 per cent to Rs 2,404 on the BSE, after a weak start early in the trade. At the NSE, it went lower by 3.98 per [...]

Rupee rises 9 paise to 79.81 against US dollar in early trade

The rupee appreciated 9 paise to 79.81 against the US dollar in early trade on Monday, supported by the fall in crude oil prices. At the interbank foreign exchange, the rupee opened at 79.86 against the American dollar. In initial trade, the local currency witnessed a high of 79.81 and a low of 79.87 against [...]

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