The Shares of Indiabulls real estate Ltd opened at Rs 68.50 on Tuesday's trading session, declining by 20 percent and ending at Rs 55.40. One of the probable reasons for the stock prices to hit a lower circuit today is the recent announcement of the company regarding the delay in the merger of NAM Estates and [...]
Billionaire Gautam Adani's group on Tuesday said it will prepay USD 130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as USD [...]
Benchmark indices ended flat on Tuesday, paring their intra-day gains, as investors resorted to profit-taking after the recent upsurge amid weak trends in global equities. Even after trading with gains for most part of the day, the 30-share BSE Sensex failed to hold on to the momentum and skidded 2.92 points to settle at 61,761.33 [...]
Shares of Kansai Nerolac Paints spiked 10% on Tuesday’s early trades to reach an intraday high of ₹ 444.20 apiece on the National Stock Exchange (NSE). This happened after the company announced its quarterly and annual results, a dividend and a bonus issue. At 01:34 PM, its shares were trading at ₹ 405.00 apiece. Kansai [...]
It Was a Golden Shooting Star – Make a Wish! Gold price formed a weekly shooting star reversal candlestick, which is a powerful bearish confirmation. And that, my friends, is the key thing that happened based on the entire week’s price/volume data. Volume – yes – is also an important part of the equation. If the [...]
Shares of Birlasoft Limited gained approximately 7 percent today and closed at a price of Rs 308. Ace Investor Mr. Ashish Dhawan holds 2,764,615 shares equating to a 1.01 percent stake in the company. The holding value of the investment sums up to around Rs 85 crores. The surge in stock prices is observed after [...]
T D Power Systems on Tuesday posted over 43 per cent jump in its consolidated net profit at Rs 35.35 crore in the March 2023 quarter year-on-year, mainly on the back of higher revenues. The company had recorded a consolidated net profit of Rs 24.66 crore in the quarter ended on March 31, 2022, a [...]
Stocks of Sterling Tools Limited are in the red today witnessing a deep fall in prices. The scrip currently trades at Rs 369, nearly 13 percent down as compared to the previous closing levels of Rs 423.30. In the last month, the stock has fallen approximately 15 percent ranging from Rs 432 to the current [...]
Shares of Vedanta Ltd were at Rs 285.90 levels after gaining 3.06 percent on Tuesday's trading session from the previous close price. In the past month, the stock has jumped around 5.89 percent ranging from Rs 203.65 to the current price levels. In the last three years, the stock has rallied around 269.51 percent ranging [...]
Marking the biggest domestic market listing so far this year, shares of Mankind Pharma debuted at a premium of 20.37% at ₹ 1,300.00 apiece on the bourses, against an issue price of ₹ 1080.00. Its shares continued to climb and reached a high of ₹ 1414.00 apiece, up 30.93%. The stellar listing was expected, particularly [...]
Shares of Mahanagar Gas Limited, with a market capitalization of Rs 10,719 crores, hiked nearly 9 percent and currently trade at Rs 1,085. The stock hit its 52-week high mark today at a price of Rs 1,097.70. Such movements in the stock prices of the company are observed after the company announced its Q4 as [...]
Shares of IndusInd Bank were trading higher on Tuesday at ₹ 1144.45 apiece, despite the resignation of its chief risk officer, after brokerages reaffirmed faith in the stock. According to an exchange filing Ramaswamy Meyyappan, the Chief Risk Officer of the Bank tendered his resignation on May 05, 2023. He was associated with the bank [...]
Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore in the January-March quarter a year ago, VIP Industries Ltd (VIL) said in a BSE filing. However, [...]
Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge. India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August 2006. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) [...]
Shares of Mankind Pharma made a remarkable debut on the stock exchanges on Tuesday, listing with a premium of over 20 per cent against the issue price of Rs 1,080. The stock began the trade at Rs 1,300, up 20.37 per cent on the BSE. It further zoomed 24.53 per cent to Rs 1,366. At [...]
Pharma major Venus Remedies Ltd on Tuesday said it has further consolidated its position in the oncology space with marketing authorisation from Philippines and Iraq for two more widely used cancer drugs. While Venus Remedies has secured marketing approval for bleomycin from Philippines, the second largest market in the Association of Southeast Asian Nations (ASEAN) [...]
Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company's revenue rose 21.13 per cent to about Rs 1,433 crore for the fourth quarter [...]
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75. Among the Sensex firms, Bajaj Finserv, Tata [...]
State-owned Canara Bank on Monday reported a 74 per cent jump in March quarter consolidated net profit to Rs 3,336.51 crore, helped by higher core income and lower provisions. The Bengaluru-based lender had reported a net profit of Rs 1,918.80 crore in the year-ago period. For FY23, its post tax profit grew to Rs 11,254.75 [...]
With a market capitalization of ₹ 452.00 crores and a share price of ₹ 21.75 apiece, SBC Exports is a penny stock. The company is engaged in the trading and manufacturing of garments, IT & manpower services and tour operator services. Its promoters hold a 65.81% stake in it, while retail investors hold a 34.19% [...]
