Finance minister Nirmala Sitharaman is expected to meet heads of public sector banks (PSBs) on Thursday and review the financial performance of as many as 12 lenders. This is going to be the first review meeting after the 2022-23 financial results. In the last fiscal, PSBs together posted a record profit of Rs 1.04 lakh [...]
Shares of this Mid-cap Private Bank slipped more than 6 percent today after a filing mentioning a change in the Key Managerial Personnel (KMP) of the Bank. In the last one month period, the scrip has fallen nearly 15 percent from Rs 263.75 at the start of June 2023 to the current price levels. With [...]
On Wednesday, the shares of a well-known Indian brand for affordable cancer treatments globally and one of the world's top ten fixed-dosage injectable producers rose 4%. Venus Remedies Ltd ended at Rs 261.50 a share, up over 4%, after the company received marketing approval from four markets for the expansion of the Oncology products. As [...]
Consumer demand in the domestic market remained 'steady' in the April-June quarter and the company expects 'robust performance with double-digit volume growth" in the organic business, Godrej Consumer Products Ltd said on Wednesday. The performance was broad-based with double-digit volume growth in home care and higher than mid-single-digit volume growth in personal care, the Godrej [...]
Ratan Tata is one of India's most recognized industrialists. He is Renowned as one of the most humble persons in the business world, and he is credited for bringing automobiles like the Nano and the Indica to the world. Mr. Tata is a car companion who owns a range of vehicles. Ratan Tata, the former [...]
Private sector lender HDFC Bank on Wednesday said it has registered a 15.8 per cent rise in loans to Rs 16,15,500 crore in the first quarter of current fiscal year. The credit book was Rs 13,95,000 crore as of June 30 last year. Gross transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances [...]
Equity benchmark indices ended flat on Wednesday with Sensex sliding 33 points and Nifty gaining 9 points after an unabated record-breaking rally in the last few trading sessions. Weak global market trends and fall in HDFC twins also spoiled markets party. The 30-share BSE Sensex dipped 33.01 points or 0.05 per cent to settle at [...]
The stocks of this small-cap brewery stock jumped nearly 5 percent and touched its 52-week high levels today. The scrip has been able to deliver multibagger returns of over 300 percent in the past one year. Shares of Som Distilleries & Breweries Limited started their trading session at Rs 294 and are currently trading at [...]
India's biggest player in the power metering solutions sector, with a 27 percent market share, hit a 20 percent upper circuit in the first half session on Wednesday, reaching an all-time high price of Rs 169.05. The stock rose after the company signed a $2 billion agreement with Gem View Investments to set up a [...]
The stocks of this auto ancillary stock jumped up to 10 percent to reach its 52-week high levels today. From the price levels at the start of January, the scrip has gained more than 15 percent. Shares of Samvardhana Motherson International Limited (SAMIL) are currently trading at Rs 90.25. The scrip witnessed intra-day high levels [...]
Shares of One of India’s largest vertically integrated energy company and leading Solar Panel Manufacturer with a capacity of 12GW gained after the company commenced a solar plant project. On Wednesday's first half session, Waaree Renewable Technologies Ltd shares rose 2.3 percent to Rs 1,159 apiece and reached a 52-week high price. The stock price [...]
The IMF's executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund (IMF) [...]
Shares of India's leading producer of dyes, dye intermediates, and fertilisers as well as its top 5 manufacturer of single super phosphate climbed by 7% on Wednesday. With a market capitalization of Rs 627 crore, Shree Pushkar Chemicals & Fertilisers Ltd gained after the company started Sulphur Chemistry production in the new facility. As per [...]
The stocks of this Real Estate stock touch record high numbers after a well-known brokerage house initiates coverage on the same and provides a target price with a decent upside. The stock, in the last six months, has gained over 30 percent. Shares of Ahluwalia Contracts (India) Limited zoomed more than 10 percent today and [...]
Small-cap company with a 40% market share in vehicle access control systems and one of India's leading auto suppliers, its shares climbed 2.8% on Wednesday session. Shares of Minda Corporation Ltd jumped a day after financial services group Societe Generale bought 17.28 lakh shares in the company. As per the report, Societe Generale, a European [...]
Construction and hospitality firm PKH Ventures has withdrawn its initial share sale amid disappointing participation from investors, particularly from institutional buyers, over a three-day period. The initial share sale of PKH Ventures was subscribed just 65 per cent on the last day of subscription on Tuesday. The Initial Public Offering (IPO) received bids for 1,67,25,800 [...]
Companies with a ‘fundamentally strong’ nature portray various characteristics including low debt-to-equity levels, strong financials, etc. Herein this article, we will have a glance at one such fundamentally strong stock in the gas distribution business. Refex Industries Refex Industries Limited is engaged in the process of manufacturing as well as refilling refrigerant gases. The company [...]
Drones, also known as unmanned aerial vehicles, or UAVs, have become increasingly popular in recent years for a variety of reasons, including commercial, military, and defence. Eventually, investment in the drone business has increased. The Indian government has developed the Digital Sky platform, to manage unmanned aircraft system activities in India and the government intends [...]
State-owned REC Ltd on Tuesday said it will provide a loan of Rs 4,785 crore to HRRL's project in Rajasthan. HRRL is a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Rajasthan government. HPCL holds 74 per cent equity stake in HRRL. "REC extends Rs 4,785 crore for HPCL Rajasthan Refinery's project in Barmer. [...]
Realty firm Macrotech Developers on Tuesday reported a 17 per cent growth in its sales bookings at Rs 3,350 crore in the first quarter of this fiscal year, mainly on better housing demand. Macrotech Developers, which sells properties under Lodha brand, had sold properties worth Rs 2,860 in the year-ago period. In a regulatory filing, [...]
