Blackstone-sponsored Nexus Select Trust, which will soon launch Rs 3,200 crore retail REIT public issue, has acquired 17 shopping malls in the last seven years and will further expand portfolio through inorganic route as it remain bullish about retail consumption. Nexus Select Trust will hit the capital market on May 9 to raise up to [...]
Private sector lender Federal Bank on Friday reported its highest-ever quarterly net profit of Rs 902.61 crore for the January-March quarter of FY2022-23, registering an annual growth of 67 per cent. The bank's net profit stood at Rs 540.54 crore in the January-March quarter of 2021-22. In a stock exchange filing, the lender also reported [...]
Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged down by a heavy sell-off in index major HDFC twins. The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17. [...]
Global gold demand declined by 13 per cent year-on-year to 1,080.8 tonnes during the January-March quarter of this year, mainly due to outflows from European-listed exchange traded fund (ETF) products, according to the World Gold Council (WGC). The total gold demand stood at 1,238.5 tonnes during the first quarter of 2022, WGC's Gold Demand Trends [...]
Auto components major Bharat Forge Ltd on Friday reported a consolidated net profit of Rs 127.74 crore for the fourth quarter ended March 31, 2023. The company had posted a consolidated net profit of Rs 231.86 crore in the same period of the previous fiscal, Bharat Forge said in a regulatory filing. Consolidated revenue from [...]
Shares of Kenvi Jewels Limited opened its trading hour today at Rs 138 and are currently locked in the 5 percent upper circuit. Moreover, it touched the 52-week high mark at a price of Rs 138.75. In the last 5 trading sessions, the stock has gained more than 20 percent ranging from Rs 115.15 to [...]
With a market capitalization of ₹ 1,670 crores, Sirca Paints India is a small-cap company that manufactures, sells and exports wood coatings and other decorative paints under the brands Sirca, Unico and others. Its paints and textures include interior, exterior, wall primer, finishes/effects and wall putty. According to an exchange filing, the company has announced [...]
Tata Motors, a Tata Group company, in an exchange filing, informed that it has scheduled a board meeting on Friday, May 12, 2023, to consider the proposal of declaration of a dividend on its ordinary shares and ‘A’ Ordinary shares for the financial year ended March 31, 2023. This matter will be discussed along with [...]
With a market capitalization of Rs 8,781 crores, Manappuram Finance Limited’s shares tanked around 13 percent today and currently trade at Rs 103.40. In the last 5 trading sessions, the stock has lost about 19 percent of the stakeholder’s wealth. Such stock movements are observed after a recent development took place pertaining to search operations [...]
Shares of AGI Greenpac Ltd., a containers and packaging company shot up 20% to reach an intraday high of ₹ 496.10 apiece. At 12:06 PM, its shares were trading at ₹ 492.00, up 19.00%. AGI Greenpac manufactures and markets various packaging products including glass containers and polyethylene terephthalate (PET) bottles, products and security caps and [...]
Shares of merger-bound HDFC Bank and Housing Development Finance Corporation Limited closed in the red after falling sharply on Friday. This happened after an update by the MSCI (Morgan Stanley Capital International) spooked investors. HDFC Bank’s shares dropped 5.84 per cent to close at ₹ 1626.95 apiece, while Housing Development Finance Corporation’s shares slumped 5.56 [...]
Shares of Titan Company Ltd were in the green after the company reported robust results for the fourth quarter of FY23 and for the entire year. Its shares were quoting at ₹ 2729.95 apiece, up 2.31% at 11:35 AM on the National Stock Exchange (NSE). Titan, a Tata group company is one of the most [...]
A company is said to be ‘fundamentally strong’ when it conducts operations with lower debt levels and has sufficient retained profits to keep the business flowing. Moreover, such companies have the ability to survive during the financial stress faced by their peers in the industry. Listed below is one of such fundamentally strong companies with [...]
You may save a lot of money on your monthly power bill by switching to solar panels. How much money you save will be determined by variables including the size of your solar panel system, how much power you use, and the cost of electricity where you live. Moreover, the cost of your solar panel [...]
Jammu and Kashmir Bank has announced its highest-ever net annual profit of Rs 1,197 crore in the results for the financial year 2022-23. With a decade-high capital adequacy ratio of 15.39 per cent and NPAs at an eight-year low of 6.04 per cent, the bank also recorded its highest-ever quarterly profit of Rs 476 crore [...]
The domestic equity benchmark indices fell in early trade on Friday in-line with the weak trend in the US markets and the decline in index major HDFC twins. The 30-share BSE Sensex tanked 586.15 points to 61,163.10 in initial trade. The NSE Nifty declined 150.9 points to 18,104.90. Among the Sensex firms, HDFC Bank, HDFC, [...]
Apple is expected to announce $90 billion in stock buybacks and dividends! The US companies follow the October-September period as their fiscal year. This means that their 1st quarter is October– December, the 2nd quarter falls between January – March, and so on. Apple's revenue for the Q2 of 2023 is anticipated to be $92.6 billion, [...]
Billionaire Mukesh Ambani-led Reliance Industries has received a green light from its shareholders and creditors for the demerger of its financial services arm- Reliance Strategic Ventures. Nearly 100% of the votes cast were in favour of the resolution and the arm will be renamed as Jio Financial Services after the demerger. Reliance Industries had approved [...]
Every investor, be it a long-term or a short-term investor, does a deep analysis of stocks in their circle of competence and keep hopes that it could generate a decent amount of returns. However, there are some companies that are noted to deliver more-than-expected returns, and that too within a short span of the investment [...]
Air conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported nearly three-fold rise in consolidated net profit at Rs 225.29 crore in the fourth quarter ended March 31, 2023, aided by profit on sale of freehold land. The company had posted a consolidated net profit of Rs 76.27 crore in the same quarter [...]
