Tata Power Company Limited, a part of Tata Sons Limited headquartered in Mumbai, Maharashtra, is an integrated power utility engaged in the process of generating, transmitting, and distributing electricity. It supplies power to consumers in bulk which includes ports, railways, municipal corporations, and other major industries. The company conducts business within India and, apart from [...]
Stocks of Coal India Limited closed at Rs 233, 2 percent down as compared to the previous closing price of Rs 237.40. Yesterday, the company announced its Q4 results along with the results for FY22-23, details of the same have been shared later in the piece. The company’s Board also recommended a final dividend of [...]
With a market capitalization of ₹ 36,981 crores, United Breweries is a mid-cap company that is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. The company recently reported an 11.29 percent increase in its revenue from operations to ₹ 4,092.80 crores for the January to March quarter of 2023, against [...]
Shares of Capacite Infraprojects Ltd opened higher on Monday and hit an intraday high of ₹144.80 logging over a 12 percent rise. At the end of the session, the stock closed at Rs 138.25 which is about 7.4 percent higher than the previous closing levels of Rs 129.45. In the last year, the stock has [...]
Shares of Zen Technologies Ltd hit an intraday high of ₹324.70 logging over a 13 percent rise on Monday. The stock ended the session at Rs 308.20 levels which is about 8 percent higher than the previous closing level of Rs 285.50. In the past 6 month period, the stock has jumped around 51.39 percent [...]
Shares of Nitin Spinners Limited were down around 3 percent today and currently trades at Rs 243. Ace Investor Ms. Dolly Khanna has invested in the stock and holds 747,793 shares totaling a holding value of approximately Rs 18.2 crores. The company, recently, announced results for the last quarter as well as for FY22-23 and [...]
Shares of One97 Communications (Paytm) were upbeat on Monday, after brokerages projected up to 59% upside in its share price, following an update about its March quarter earnings and business updates for April. Continuing their gaining streak to the 6th session, the company’s shares shot up 5.41% on Monday to reach an intraday high of [...]
Battery maker Exide Industries on Monday posted a consolidated net profit of Rs 181 crore for the fourth quarter ended March 31, 2023. The company had logged a net profit of Rs 3,953 crore in the year-ago period, boosted by one-time income on account of sale of its subsidiary Exide Life Insurance Company Ltd. Revenue [...]
CG Power and Industrial Solutions on Monday said its consolidated profit after tax (PAT) rose multi-fold to Rs 428.22 crore in March quarter 2022-23 on account of increased income. It had reported a PAT of Rs 111.65 crore for the year-ago quarter, the company said in a BSE filing. Total income surged to Rs 1,917.05 [...]
Stocks of Olectra Greentech Limited started its trading session at Rs 688 and currently trades at Rs 675. The scrip, during the early trading hours, witnessed an intra-day high figure of Rs 711.90 representing a gain of approximately 10 percent as compared to the previous closing price of Rs 644.90. Such stock movements have been [...]
Shares of ethnic wear manufacturer TCNS Clothing crashed 20% on Monday and witnessed its biggest single-day drop since its IPO in 2018. Its share price reached an intraday low of ₹ 416.75 apiece on the Bombay Stock Exchange (BSE), after announcing its merger with Aditya Birla Fashion and Retail Limited (ABFRL). TCNS Clothing is the [...]
Investors emphasize foreign institutional investments (FIIs) before investing in the stock marketbecause they have a tendency to pull the market in any direction. The FII data has been crucial inpredicting market sentiments over the years as any increase by them tends to show a positivesentiment about the stock. Having said that, here are three stocks [...]
Shares of D-Link (India) Limited tanked nearly 9 percent today and currently trade at Rs 251. Ace Investor Mr. Ashish Kacholia has invested in the stock and currently holds 7,50,000 shares with a holding value of about Rs 18.8 crores. The company recently announced results for Q4 as well as for FY22-23. Details of the [...]
Godrej Properties expects 14 per cent growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand, a top company official said. In an interview with PTI, Godrej Executive Chairman Pirojsha Godrej highlighted that the company's performance in 2022-23 was very strong on all important metrics like sale bookings, cash collections from [...]
Tyre maker CEAT expects recovery in its international business and replacement market, which are more profitable segments, going forward, according to company Vice Chairman Anant Goenka. With raw material prices remaining stable, the company is expecting "double digit plus margins" going forward. "The international business or export segment has faced a little bit of headwinds [...]
TPG Capital-backed wires and cables manufacturer RR Kabel Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an offer for sale (OFS) of over 1.72 crore equity shares by [...]
K P Energy Ltd on Monday announced the commissioning of a 29.4 mega watt (MW) wind energy project in Gujarat. The capacity is a part of the 250.8 MW ISTS connected wind power project capacity awarded by Solar Energy Corporation of India Limited (SECI) under Tranche-VIII bidding, the company said in a regulatory filing. "In [...]
Unseasonal rains in north India during April-end and May beginning have put brakes on sales of cooling products such as air conditioners, refrigerators and coolers, according to industry players. Customers have delayed the purchase of air conditioners in April and May, which are considered to be the peak season for the industry. In April, some [...]
Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on Monday. The 27th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, sources said. [...]
Coal India Ltd, the world's largest coal miner, on Sunday reported 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. Consolidated net profit of Rs 5,527.62 crore, or Rs 8.98 per share, in January-March is compared with Rs 6,715 crore, or Rs 10.86 a share [...]
