Bajaj Finserv Ltd (BFL) on Wednesday reported a 31 per cent jump in its consolidated net profit at Rs 1,769 crore for the fourth quarter ended in March 2023. The company had posted a net profit of Rs 1,346 crore during the corresponding January-March period of 2021-22. The total consolidated income during the March 2023 [...]
Online food delivery platform Swiggy has partnered with jobs and professional networking company apna to create 10,000 hyperlocal opportunities for its quick commerce grocery service -- Instamart -- in 2023. With this, the company is aiming to strengthen its delivery workforce in tier 2 cities. Announcing the partnership on Thursday, apna shared that in 2022, [...]
Equity benchmark indices Sensex and Nifty ended in the green on Thursday, climbing for the fourth straight day, amid fresh foreign fund inflows and intense buying in IT and telecom stocks. Buying in index majors Infosys and Reliance Industries added to the optimism in the equity market. The 30-share BSE Sensex climbed 348.80 points or [...]
Shares of Voltas, a Tata Group Stock tanked 5.50% on Thursday to reach an intraday low of ₹ 807.60 apiece. This happened after the company reported its results for the fourth quarter of FY23 and terminated a joint venture pact with Highly International (Hong Kong) Limited. A 03:18 PM, the company’s shares were quoting at [...]
Renewable energy solution provider Suzlon on Thursday announced that it has bagged a 39-MW wind power project from Thermax Group company First Energy. This order is part of a 100-MW wind-solar hybrid project by First Energy 5 Pvt Ltd, a company statement said. Suzlon will install 13 wind turbine generators (WTGs) with a hybrid lattice [...]
Trials for Coal India's in-house e-auction platform will begin in May, a senior official said on Thursday. At present, the e-auctions are conducted through external agencies such as MSTC Ltd and mjunction Ltd. Within the next three-four months, all e-auctions of the state-owned Coal India will move to the in-house platform, which has been developed [...]
Shares of Rail Vikas Nigam Limited are in the red today witnessing a fall of around 1 percent and currently trading at Rs 104. Considering movements in the last 5 trading sessions, the stock has jumped more than 32 percent ranging from Rs 79 to the current levels. Keeping a purview of 6 months, the [...]
With a market capitalization of ₹ 5048 crores, VST Industries is a small-cap company engaged in the manufacturing and trading of cigarettes containing tobacco and unmanufactured tobacco products. Ace investor Radhakishan Damani holds a whopping 32.89% stake in the company, as per its latest shareholding pattern. He holds 4,741,720 shares that are worth ₹ 1,559.1 [...]
Stocks of L&T Technology Services Limited zoomed around 8 percent today and currently trade at Rs 3,723. In the last five trading sessions, the stock has provided returns of 10.4 percent to its stakeholders. The company, yesterday, announced its results for the last quarter as well as for the financial year 2022-2023. Details of the [...]
Shares of Poonawalla Fincorp jumped 6.43% higher on Thursday’s early trades after the company reported robust results for the January to March quarter of 2023 (Q4FY23). Its shares reached an intraday high of ₹ 327.70 apiece on the National Stock Exchange (NSE) and were trading at ₹ 321.45 apiece at 12:16 PM. Poonawalla Fincorp is [...]
FMCG major Hindustan Unilever Ltd on Thursday reported an increase of 12.74 per cent in its consolidated net profit at Rs 2,601 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 2,307 crore in the January-March quarter of the previous fiscal. Its revenue from sales during [...]
Steel pipes maker JTL Industries Ltd has posted a Rs 36.65 crore consolidated net profit during the fourth quarter of financial year 2022-23, on account of higher income. At Rs 36.65 crore, the net profit was almost double of Rs 18.94 crore during the January-March period of fiscal year 2021-22, JTL Industries said in a [...]
Shares of City Union Bank Limited started their trading session today at Rs 144 and currently trade at Rs 140.50. The scrip is up nearly 5.5 percent as compared to the previous closing price of Rs 133.20. In the last one-month period, the stock has gained and provided returns of around 13 percent to its [...]
Retail chain Shoppers Stop Ltd on Wednesday reported a consolidated net profit of Rs 14.26 crore for the fourth quarter ended March 31, 2023. The company had posted a net loss of Rs 15 crore for January-March period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations was at Rs [...]
SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in the 12 trailing months, despite higher premium and margins. The largest private sector life insurer in an exchange filing said its first-year premium inched up to Rs 408.9 crore from [...]
UTI Asset Management Company (AMC) on Wednesday reported 59 per cent jump in profit after tax (PAT) at Rs 86 crore for the three months ended March 2023. In comparison, the company posted a PAT of Rs 54 crore for the same quarter a year ago, UTI AMC said in a regulatory filing. Total income [...]
Shares of Voltas Ltd fell by nearly 3 per cent on Thursday morning trade after the air conditioning maker reported a decline of 21.6 per cent in its consolidated net profit in the March 2023 quarter. The stock fell by 2.85 per cent to Rs 830.60 on the BSE. At the NSE, it declined 2.82 [...]
L&T Technology Services (LTTS) on Wednesday reported an 18 per cent growth in its March quarter net profit at Rs 309.6 crore. The engineering services company's post tax net profit in FY23 rose 22 per cent to Rs 1,169.8 crore. For the reporting quarter, the company's revenues grew 19 per cent to Rs 2,096.2 crore [...]
Sebi on Wednesday barred six individuals from the securities market for up to three years and imposed penalty totalling Rs 5.8 crore on them in a case pertaining to circulating misleading messages recommending buying specific stocks using social media platform Telegram. The regulator has asked them to pay the fine within 45 days. In addition, [...]
The National Financial Reporting Authority (NFRA) has imposed a ban and penalties totalling Rs 1.15 crore on three entities, including two auditors, for lapses in the auditing of Tanglin Developments Ltd and MACEL. Tanglin Developments Ltd (TDL) and Mysore Amalgamated Coffee Estate Ltd (MACEL) are subsidiaries of listed-entity of Coffee Day Enterprises Ltd (CDEL). Late [...]
