Stocks of this Large-cap metal stock spiked 7 percent after it sets record date pertaining to the payment of interim dividend for FY23-24. In the past year, the stock has delivered returns of 35 percent to its stakeholders. Shares of Hindustan Zinc Limited, a subsidiary of Vedanta Limited, are currently trading at Rs 334. The [...]
Shares of India's top-selling ambulance maker and manufacturer of Light Commercial Vehicles, with a market leader in the industry with over 65% market share, gained 5.8%. Force Motors Limited shares were trading at Rs 2,613, up 4.77 percent, at 2:10 p.m., after the company announced higher sales for the month of June 2023. As per [...]
With a market value of Rs 9,535 crore, shares of one of India's major tyre brand and one of the world's most popular Consumer Cyclical company rose around 20% on Thursday. At 1:28 p.m., Ceat Limited shares were trading at Rs 2,407.50,up 15.01 percent, hitting a 52-week high of Rs 2,499 apiece. This occurred after [...]
Shares of this Small-cap stock surged up to 9 percent and trading near their 52-week high levels after Tata Group company gets RBI’s nod to raise its stake in the company. In the past one year, the scrip has gained around 65 percent. With a market capitalization of Rs 4,000 crores, the stocks of DCB [...]
The Life Insurance Corporation of India (LIC) is the biggest domestic institutional investor (DII) in India and investors closely track the changes that it makes to its portfolio. Recently, LIC reduced its stake in a stock which forms a part of ace investor Radhakishan Damani’s portfolio. In fact, it has gradually been reducing its stake [...]
Shares of an RPG Group company gained nearly 5 percent to reach an intraday high of ₹ 603.80 apiece on the National Stock Exchange (NSE), after it received new orders worth ₹ 1,042 crores. At 12:20 Pm, its shares were trading at ₹ 597.05 apiece. In an exchange filing, KEC International, a global infrastructure EPC [...]
Shares of this Real Estate stock gained up to 17 percent and hit their 52-week high today after bagging multiple orders. The scrip has gained over 50 percent in a period of last six months. The stocks of RPP Infra Projects Limited are currently trading at Rs 64.45. Witnessing an intra-day high price of Rs [...]
Shares of the first Indian company in the world to commercially create safer and greener NHN detonators, as well as a pioneer in producing solid propellants and the manufacturer of popular missiles such as Brahmos and Agni, rose by 7%. Premier Explosives Limited's stock grew after receiving orders from the Ministry of Defence and Bharat [...]
Investing in the stock market may be profitable in the long run if informed choices are adopted. Here are a few key metrics to consider before investing in banking companies. Net Interest Income (NII): It is the difference between the interest a bank earns on loans after subtracting the interest it pays on deposits and [...]
Biocon Biologics on Wednesday said it has completed the integration of the acquired biosimilars business from Viatris Inc in over 70 countries in emerging markets effective July 1, 2023, increasing the scale and scope of its business. Following the deal closure in November 2022, this marks the first wave of countries where Viatris' operations have [...]
The Initial Public Offer (IPO) of jewellery retail player Senco Gold was subscribed 2.68 times on the second day of subscription on Wednesday. The Rs 405 crore-IPO received bids for 2,52,28,190 shares against 94,18,603 shares on offer, as per an update on the NSE. The portion for Retail Individual Investors (RIIs) received 3.67 times subscription, [...]
Small businesses-focused non-bank lender Veritas Finance on Wednesday announced raising Rs 1,200 crore from Multiples Private Equity and other investors. Multiples along with International Finance Corporation (IFC) have put in Rs 1,050 crore while Avendus Future Leaders Fund has deployed Rs 150 crore, according to a statement. The deal comprises a primary issuance of Rs [...]
State-owned Bank of India (BOI) on Wednesday paid the government a dividend of Rs 668.17 crore for the financial year 2022-23. BoI managing director Rajneesh Karnatak presented the dividend cheque to Finance Minister Nirmala Sitharaman in the presence of Vivek Joshi, Financial Services Secretary. The dividend of Rs 2 per equity share (20 per cent) [...]
Adani Wilmar on Wednesday reported a 25 per cent year-on-year volume growth during the quarter ending June 30, mainly on account of robust consumer demand in edible oils and foods. The sale of branded products in edible oils and foods has been much stronger compared to overall sales of respective segments, the company said in [...]
The fast-moving consumer goods (FMCG) sector witnessed a stable demand in the June quarter and gross margins are expected to expand on softening commodity inflation even as the rural demand remained elusive, according to the latest reports of two companies. Two leading FMCG players -- Marico and Godrej Consumer Products Ltd (GCPL) -- in their [...]
The GST Council is likely to discuss the recommendations of a group of state finance ministers regarding levy of 28 per cent tax on online gaming, casinos and horse racing, in its 50th meeting next week. The council is also likely to thrash out a consensus on whether the tax would be levied on the [...]
Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities. The 30-share BSE Sensex climbed 54.09 points to 65,500.13 in early [...]
Shares of the Indian conglomerate ITC Limited closed today at Rs, 475.10, gaining nearly 2 percent compared to the previous closing levels of Rs 466.35. The scrip hits its all-time high level at a price of Rs 480.65. The company has a market capitalization of Rs 5,91,000 crores. Such movements in stock prices are witnessed [...]
Shares of this large-cap IT stock gained up to 3.50 percent today after the merger of HDFC into HDFC Bank paved the way for the company to make an entry into the ‘Nifty 50’ index. In addition to the same, the markets showed positive sentiments leading the scrip to hit its 52-week high mark. With [...]
Bajaj Auto and British motorcycle brand Triumph on Wednesday launched co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India. These motorcycles were unveiled globally in London last week. The two companies formed a global partnership in 2017. Triumph Speed 400 has been priced at Rs 2.33 lakh with the inaugural price of the [...]
