Shares of Reliance Power Limited closed at Rs 12.25 which is about 3 percent higher than the previous closing levels of Rs 11.90. In the past month period, the stock has jumped around 13.5 percent ranging from Rs 10.80 to the current price levels. One of the probable reasons for the stock prices to surge [...]
Housing finance major HDFC on Thursday reported a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. The bank's profit in the January-March quarter of 2021-22 was Rs 3,700 crore. In a filing to stock exchanges, HDFC said there [...]
Shares of MRF Ltd, India’s most expensive stock gained ₹ 2,160.20 per share or 2.31% on Thursday to reach an intraday high of ₹ 95,760.00 apiece on the National Stock Exchange (NSE). Its share price was merely 0.25% shy of reaching its 52-week high of ₹ 96,000 per share that it reached on 07 November [...]
Top in Interest Rates or Top in Gold? So, the Fed did as expected, raising the rates by 0.25%. But that didn’t really matter. What mattered was what was said later. And how it was then interpreted. Powell’s 0.25% hike was expected, so when it became a reality, markets didn’t really react. But what changed [...]
Homegrown FMCG major Dabur India on Thursday reported a marginal decline in its consolidated net profit to Rs 292.76 crore for the fourth quarter ended March 2023. The company, which had posted a consolidated net profit of Rs 294.34 crore in the fourth quarter of 2021-22, has proposed a final dividend of Rs 2.70 per [...]
Adani Enterprise Ltd, the flagship company of billionaire Gautam Adani's ports-to-energy group, on Thursday reported more than doubling of net profit in the March quarter on the back of growth in airports and road businesses. Net profit in January-March at Rs 722.48 crore compared with Rs 304.32 crore in the same period last year, according [...]
Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91. The [...]
Shares of IndiaMART InterMESH Ltd climbed 4.578% on Thursday's intraday trades to reach a high of ₹ 5997.00 on the National Stock Exchange (NSE). At 02:35 PM, its shares were trading 4.05% higher at ₹ 5967.60 apiece. IndiaMART is the first and largest B2B digital marketplace in India which connects buyers with suppliers. It is [...]
The Benchmark Indices are in the green today with Sensex gaining 556 points and currently standing at Rs 61,749 and Nifty gaining 152 points and stands at Rs 18,241. Listed below are 2 stocks that announced their results for the last quarter as well as for FY22-23: Cholamandalam Investment and Finance Company Limited Cholamandalam Investment [...]
Stocks of Patel Engineering Limited jumped around 10.5 percent and currently trade at Rs 23.45. The scrip, in the past one-month period, has gained around 56 percent ranging from Rs 15.05 to the current price levels. One of the probable reasons for the stock prices to go up is the recent Press Release filed by [...]
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has concluded the Myanmar Port sale for a total consideration of USD 30 million. In May 2022, APSEZ had announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion [...]
Indian Energy Exchange (IEX) on Thursday said its total trade volume increased by 6 per cent on a yearly basis to 7,928 million units (MU) in April. In a statement, the power trading exchange said "it achieved 7,928 MU overall volume in April 2023, including green market trade of 280 MU, 1.99 lac RECs (equivalent [...]
Gold price did all sorts of things last month, but and it ended almost right where it had started the month. April had started with gold at $1,990, then gold moved as high as $2,063.40, and yesterday, it closed at $1,999. At the moment of writing these words, gold futures (because that's what you see [...]
Shares of Elgi Rubber Company Limited zoomed 7 percent today and currently trade at Rs 39.20. In the last 5 trading sessions, the stock has moved up around 4.5 percent from Rs 37.50 to the current levels. The surge in stock prices today is observed due to the production buzz in the ‘Natural Rubber’ industry [...]
Tanla Platforms, a Hyderabad-based company, is a cloud communications provider that enables businesses to communicate with their customers and intended recipients. It is a global A2P(application to person) messaging platform provider and it was the first company to develop and deploy A2P SMSC in India. The company processes more than 800 billion interactions annually and [...]
Gravita India's shares surged 11% to an all-time high of Rs 567.30 on Wednesday after the company reported strong quarterly results. On Thursday, the stock retained momentum and was trading at Rs 561.45 levels. Their net profit in the Q4 of FY23 stood at Rs 63.99 Crore, an increase of more than 40 percent YoY [...]
Two insurance stocks appreciated to the tune of 9% on Thursday’s early trades after a report by CareEdge (CARE Ratings) stated that the Indian non-life insurance market would grow by approximately 13-15 per cent over the medium term. Shares of General Insurance Corporation of India zoomed 9.31% to reach an intraday high of ₹ 169.00 [...]
When looking for quick financing options, personal loans often come into our minds due to its unsecured nature, no end use restriction and quicker disbursals. While these loans are easy to avail, their applicants need to factor in their EMI affordability and the optimum loan tenure before making the loan application. The best way to [...]
Shares of Anupam Rasayan India Limited opened its trading session at Rs 1,205 and currently trade at Rs 1,184. The scrip is down 2.3 percent as compared to the previous closing price of Rs 1,212.05. In the last 5 trading sessions, the stock has gained around 6 percent ranging from Rs 1,118 to the current [...]
Shares of Hardwyn India were in focus, ever since the company announced an issue of bonus shares and a stock split. It recently announced the record date for these corporate actions. Hardwyn India manufactures architectural hardware and glass fittings for residential and commercial structures. Its shares were trading at ₹ 373.70 apiece at 12:11 PM [...]
