The index may continue to rise, and this might push it as high as 18150/61500. On the other hand, the negative mood is expected to worsen and spread faster below 17700/60400. The index could retest the level of 17500-17400/59700/59400 below 17700/60400. Kotak Securities As the markets sentiments remain volatile, here are 7 stocks recommended by [...]
The Shares of Bombay Super Hybrid Seeds Limited have delivered 7,024% in just 3 years, as the share price has risen from Rs 8.9 in October 2020 to the current level of Rs 634 on the NSE. Established in the year 1983, Bombay Super Hybrid Seeds is a leading agriculture Sowing Seeds Company in India [...]
Blockchain can be considered the basic unit of the entire crypto structure. The digital revolution that started a decade earlier with the launch of cryptocurrencies, led the world to such heights that people began to show more and more interest in digital currencies. Nowadays a new word related to crypto is trending. The term is [...]
Dividends have been a passive source of income for many. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. In this highly volatile market after the budget, here is a list of companies that are going to trade ex-dividend in the coming week: IIFL Finance Ltd It will [...]
Blockchain's rise in the crypto world is a revolution in terms of technology, and development in different industries. Which means a chain of blocks. Blockchain functions are to store all transactional data in the blockchain ledger in the form of blocks that are connected one after another in sequence. Therefore, the robust cryptographic method makes [...]
Bitcoin Diamond blockchain is used to create a fork of the bitcoin blockchain. However, the upgradation process of BCE has been executed from time to time by the creature of Bitcoin to improve the factors such as high transaction fees of bitcoin, mining centralization, scalability problems, and its slot confirmation time as well. To obtain [...]
Sebi on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly financial numbers, by the issuers. Also, the detailed policy should contain methodology in respect of assessing the risk of non-availability of information from the issuers, [...]
Shares of four Adani Group firms, including Adani Enterprises and Adani Ports bounced back on Friday after facing heavy drubbing in the past 6 days. The stock of Adani Enterprises rebounded 1.25 per cent to settle at Rs 1,584.20 apiece on the BSE. During the day, it tumbled 35 per cent to Rs 1,017.10 -- [...]
Homegrown FMCG firm Emami Ltd on Friday reported a 6.12 per cent increase in consolidated Profit after Tax (PAT) to Rs 232.97 crore for the third quarter ended December 2022 amid contraction of gross margins due to inflationary pressure. The company had posted a PAT of Rs 219.52 crore during the October-December quarter of the [...]
Max Healthcare Institute on Friday said it will invest around Rs 400 crore to expand its Mohali-based hospital. The construction of the new building that will house 170 beds officially commenced today, the healthcare provider said in a statement. On completion of the project by the end of the third quarter of 2024, the hospital [...]
Luxury watch retailer Ethos Ltd on Friday said its profit after tax jumped more than 60 per cent to Rs 20.7 crore during the quarter ended December 2022. The company had registered a profit after tax (PAT) of Rs 12.1 crore in the third quarter of the previous fiscal, according to a statement. Its revenue [...]
ITC Ltd on Friday reported a 23.09 per cent increase in its consolidated net profit at Rs 5,070.09 crore for the third quarter ended December 31, 2022. The diversified company had posted a net profit of Rs 4,118.80 crore during the October-December quarter of the previous fiscal, ITC said in a regulatory filing. Its revenue [...]
Tube Investments of India Ltd, a manufacturer of precision steel tubes, has reported a consolidated profit at Rs 324.87 crore for the quarter ending December 31, 2022, the company said on Friday. The company, a part of the diversified conglomerate Murugappa Group, registered a consolidated profit at Rs 390.04 crore during the corresponding quarter last [...]
Jammu and Kashmir Bank, which has an exposure of nearly Rs 250 crore in the Adani Group, on Friday said the bank investors have nothing to worry as its loans to the embattled business group are secured. "Our loans to Adani Group are secured against the assets of the projects that were financed by JK [...]
Cement maker The India Cements Ltd has drawn up plans to refurbish its old manufacturing facilities at an estimated outlay of Rs 1,500 to Rs 1,600 crore, its Vice Chairman and Managing Director N Srinivasan said on Friday. The funds to undertake the refurbishment would be met through internal accruals and the firm has roped [...]
TV Today Network Ltd on Friday reported a decline of 55.08 per cent in its consolidated net profit at Rs 27.62 crore for the third quarter ended December 31, 2022. The company had reported a net profit of Rs 61.50 crore in the October-December period a year ago, TV Today Network said in a BSE [...]
The country's largest lender SBI on Friday said its overall exposure to the Adani Group is at 0.88 per cent of the book or around Rs 27,000 crore. SBI chairman Dinesh Khara said the bank does not envisage the embattled ports-to-mining group facing any challenge to service its debt obligations and stressed that SBI has [...]
Public sector lender Bank of Baroda on Friday said it has reduced exposure to the embattled Adani Group entities over the last two years, and has no concerns on asset quality issues with the conglomerate. The bank's managing director and chief executive Sanjiv Chadha told reporters that the bank's overall exposure to the ports-to-media conglomerate's [...]
Embassy Office Parks REIT on Friday said the proposal to tax income distributed by business trusts in the form of debt repayments at the hands of unitholders has created some uncertainties in the market, and the industry is considering making a presentation to the government on the success of this investment vehicle. The proposal impacts [...]
Country's largest lender State Bank of India on Friday reported a 62 per cent growth in its net profit at Rs 15,477 crore during the quarter ended December 2022. On a standalone basis, the lender's net post-tax profit grew to Rs 14,205 crore during the October-December 2022 period, which was up from Rs 8,432 crore [...]
