A company is said to be “Fundamentally Strong” when the company portrays a certain set of attributes including strong and consistent numbers, high profitability metrics, low leverage ratios, and many more. Listed below is one such fundamentally strong stock under the ‘Large-cap’ category with a potential upside of more than 25 percent to add to [...]
Foreign Institutional Investors (FIIs) are considered as market movers. They are institutional investors from outside the country who invest in the stock market of a specific nation. Market players, analysts, and investors closely monitor FII purchase activity because it can give insight into wider market sentiments and investor interest in individual nation stocks. When FIIs [...]
Life Insurance Corporation of India (LIC) on Thursday reported a multifold jump in its April-June quarter net profit to Rs 9,544 crore. The state-run life insurance behemoth had a net profit of Rs 683 crore in the year-ago period. The total income increased to Rs 1,88,749 crore for the June quarter as against Rs 1,68,881 [...]
Aditya Birla Group flagship Hindalco Industries, and Texmaco Rail & Engineering on Thursday entered into a strategic alliance and announced a Rs 200 crore investment to develop and manufacture aluminum rail wagons and coaches that will help the Railways achieve emission goals and boost operating efficiency. The companies are identifying land in the Eastern region [...]
In the rapidly evolving and intricate realm of finance, combating financial crimes stands as a paramount concern for both institutions and regulatory bodies. A vital solution that has emerged to tackle this challenge is Risk-Based Transaction Monitoring (RBTM). Diverging from conventional KYT compliance methods that treat all transactions uniformly, RBTM emphasises resource optimization by giving [...]
Torrent Power on Thursday posted over six% year-on-year rise in consolidated net profit at Rs 532.28 crore in the June quarter, mainly on the back of higher revenues. The company had reported consolidated net profit of Rs 502.01 crore a year ago, a regulatory filing said. Total income of the company rose to Rs 7,413.32 [...]
Aditya Birla Group firm Grasim Industries on Thursday reported a decline of 6.61 per cent in consolidated net profit at Rs 2,576.35 crore for the June quarter, impacted by softening of realisations in domestic business and its subsidiary UltraTech Cement. The company had posted a net profit of Rs 2,758.75 crore during the April-June quarter [...]
Hinduja Global Solutions' net profit more than halved to Rs 16.63 crore in just ended June quarter, compared to the year-ago period, hurt by reduction in other income. The total income stood at Rs 1,247.6 crore during the first quarter ended June 2023, compared to Rs 1,321.33 crore in the same period of the previous [...]
Analysts of various Brokerage houses are continuously tracking the basic financial metrics of companies every quarter, and one of the most important parameters under coverage is the “Net Profit Margin” as it showcases the company’s potential in operations. Listed below are four Multibagger stocks that have reported net profit margins of up to 45 percent [...]
Fast moving consumer goods major Godrej Consumer Products Ltd will invest Rs 515 crore in Tamil Nadu to set up a manufacturing facility and signed a memorandum of understanding with the state government on Thursday. "We aspire to develop this factory as a lighthouse unit and strive to be among the first few factories in [...]
Shares of a Non-Banking Financial Company (NBFC) witnessed a substantial surge of 9% following a good performance in the first quarter of the fiscal year. This surge was further amplified by news of a significant stake hike by Axis Bank, a prominent player in the banking sector. The company shares trading above the 50-day and [...]
Benchmark equity indices declined on Thursday post the RBI monetary policy, dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. Investors also remained on the sidelines ahead of the US inflation data announcement. The Reserve Bank of India (RBI) on Thursday left its key interest rates unchanged for [...]
Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening to Rs 3,082 crore in 2021-22, according to financial data accessed by business intelligence platform Tofler. The company's losses have more than doubled on a year-over-year basis, the data showed. "Ani Technologies Pvt Ltd, an online transportation network company (popularly [...]
India’s second-largest paint manufacturer recently announced a stock split and its result for the April to June quarter (Q1FY24) of the financial year 2023-24. Its shares settled at ₹ 693.00 apiece on Thursday’s closing bell. According to an exchange filing, Berger Industries’ consolidated profit after tax came in at ₹ 354.91 in Q1FY24, up 39.89 [...]
Shares of this Multibagger stock in two Ace Investor’s portfolio hit the 5 percent upper circuit after the company released financial results for the quarter ended June 2023. The stocks of Repro India Limited, with a market capitalization of Rs 1,036 crores, traded in the green on Thursday and closed at Rs 782 apiece. The [...]
NIIT Learning Systems on Thursday reported a consolidated net profit of Rs 55.17 crore for the first quarter ended June 30, 2023. NLSL had posted profit after tax (PAT) of Rs 55.2 crore in the same period a year ago, the company said in a regulatory filing. The revenue from operations grew 22 per cent [...]
Mr. Ashish Kacholia, a well-known ace investor based in India and fondly called the “Big Whale” by the media houses, holds a total of 41 stocks in his portfolio and has a net worth of more than Rs 2,300 crores. Listed below are the top five stocks, in terms of holding value, that are included [...]
The S&P BSE Smallcap stock hit 52W high, rising 9.7% earlier on Thursday, and its momentum is sustained, indicated by its volumes that are still rising which stand at 4.2 million today, way up from yesterday's 2.5 million and the weekly and monthly averages of 3.2 million and 1.6 million respectively. The stock is trading [...]
CarTrade Tech Limited, one of India's largest online auto platforms, announced its unaudited financial results for the quarter ended June 30th, 2023, today. The Company reported a revenue of Rs. 106.91 crores for the quarter, an Adjusted EBITDA (adjusted for ESOP) for the quarter of Rs. 30.95 crores and PAT for the quarter of Rs.13.51 [...]
Shares of this small-cap stock providing travel services jumped up to 15 percent on Thursday after the company announced results for Q1FY23-24. In the last one month period, the company’s scrip rose nearly 38 percent from Rs 76.90 to the current price level. With a market capitalization of Rs 5,000 crores, the stocks of Thomas [...]
