A mid-cap firm, the company has a market value of Rs. 26,534 Cr. Tuesday's stock price touched a 20% upper circuit at Rs. 1,611.05 per share after starting the day at Rs. 1500. The explanation for these Q1 FY24 outcomes. Gland Pharma's revenue rose by 33% YoY from Rs. 931.3 Cr in Q1 FY23 to [...]
The shares of this pharma stock under the ‘small-cap’ category rose up to 12 percent today after the entity announced Q1FY23-24 results. In the past six months, the scrip has gained close to 40 percent from Rs 705.40 to the current price level. With a market capitalization of Rs 7,400 crores, the stocks of Caplin [...]
On Tuesday, shares of one of India's leading FMCG company jumped 4 percent to Rs 14 per share after a Singapore-based FPI increased its stake in the company. At 12:05 p.m. on the Bombay Stock Exchange, Mishtann Foods Ltd shares were trading at Rs 13.75 a share, up 1.48 percent from the previous close price. [...]
Every investor in the securities market is in continuous find of stocks that have the capability of giving multi-fold returns to them. Listed below are three multibagger stocks in well-known ace investor Mr. Ashish Kacholia’s portfolio: Knowledge Marine & Engineering Works Limited With a market capitalization of Rs 1,425 crores, the shares of Knowledge Marine [...]
Fundamentally strong companies that have robust financials, such as significant profit growth, a low debt-to-equity ratio, and continuous cash flow. Penny stocks belong to the inexpensive category, with low market capitalizations and limited liquidity in their stocks. Those stocks are more volatile in the market. Listed below are two fundamentally strong Penny Stocks International Conveyors [...]
The company's total market capitalization is Rs. 8,137 Cr, which placed it in the small-cap category. The company share closed 2.20% down at Rs. 403.60 on Monday. In FY 23, the income from the sugar segment was Rs. 4,339 Cr, the revenue from the distillery segment was Rs. 1,164 Cr, and the revenue from other [...]
The initial public offer of Concord Biotech was subscribed 2.03 times on the second day on Monday. Kotak Mahindra Capital Company, Citigroup Global Markets India and Jefferies India are the managers to the offer. The Rs 1,550.59-crore public offering received bids for 2,34,03,680 shares against 1,15,13,609 shares on offer, according to NSE data. The portion [...]
India Cements Ltd on Monday reported a consolidated net loss of Rs 73.58 crore in the April-June quarter mainly due to reduction in selling price and loss of volume. The company had posted a net profit of Rs 83.83 crore during the April-June quarter a year ago, India Cements Ltd (ICL) said in a regulatory [...]
Shares of online food delivery platform Zomato zoomed nearly 18 percent in a time span of two days, after the company announced its result for the latest quarter. The company reported its first-ever profit after tax of ₹ 2 crore in the April to June quarter (Q1FY24), as compared to a net loss of ₹ [...]
Realty firm Keystone Realtors Ltd on Monday reported an over 9-fold jump in its consolidated net profit at Rs 46.97 crore for the June quarter on higher income. Its net profit stood at Rs 4.97 crore in the year-ago period. Total income increased to Rs 282.82 crore during the April-June period of 2023-24 fiscal from [...]
Central Depository Services (CDSL), which is the only publicly traded depository in Asia, on Monday reported a marginal 4% on-year growth in net income at Rs 92 crore in the April-June quarter FY24. Total income of the city-based company, which was also the first in the category to go public, rose 8% on-year to Rs [...]
Driven by robust growth, FMCG player Emami Limited on Monday said its consolidated net profit for the first quarter of FY'24 surged by 88 per cent to Rs 136.75 crore, compared to Rs 72.69 crore in the corresponding quarter of the previous year. The company's consolidated revenues grew by 7 per cent to Rs 826 [...]
The Indian government planned to redevelop 1300 major railway stations across the country under the Amrit Bharat Station Scheme. Redevelopment of 508 railway stations began on August 6,2023 after Prime Minister Narendra Modi laid the foundation stone for the projects, which are estimated to cost $3 billion (Rs 24,470 crore). Under the redevelopment project, 508 [...]
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global provider of AI-powered SaaS solutions for the hospitality and travel industry, today announced its financial results for Q1 FY24 ending on June 30, 2023, reporting robust revenue growth and improving profitability as the companies continue to build on a record year last year. For Q1FY24, the quarter [...]
The board of directors of a small-cap company in the telecom sector recently announced the record date for a 1:5 stock split. At 02:30 PM, its shares were trading at ₹ 868.00 apiece on the Bombay Stock Exchange (BSE). Avantel in an exchange filing said that its board has fixed August 16, 2023, as the [...]
During Q1 FY24, TCIEXPRESS achieved its revenue of Rs. 306 crores, registering a growth of 4.8% on a year-on-year basis. EBITDA for the quarter was Rs. 48 crores, representing a sequential growth of 7.0% with a margin of 15.6%. Profit after tax was Rs. 32 crores with a margin of 10.6%, up by 4.2% from [...]
An NBFC Stock with a market capitalization of Rs 2,184 crore surged 10.5 percent on Monday to reach a 52 week high price of Rs 369 apiece following the company's outstanding June Quarter financial results. Repco Home Finance Ltd. shares were trading at Rs. 349.20 a share on the National Stock Exchange at 2:18 p.m., [...]
“Dividend” is a regular profit-sharing payment that is made between a company and its stakeholders. A company's Board of Directors is the decision-making authority when it comes to the determination of dividends to be paid on each share. Dividend stocks are potential sources of a stream of income, especially during inflationary periods. Listed below is [...]
TVS Supply Chain Solutions, part of TVS Mobility Group, on Monday, said it has fixed a price band of Rs 187-197 per share for its Rs 880 crore Initial Public Offering (IPO). The initial share sale will be open for public subscription during August 10-14 and the bidding for anchor investors will open on August [...]
Shares of a Miniratna company pared 5.17 percent on Monday to reach an intraday low of ₹ 213.85 apiece on the National Stock Exchange (NSE) after the company said that it will be stopping production at its Mangalore plant. KIOCL informed the exchanges that the company has stopped pellet production at its manufacturing unit in [...]
