IndianOil’s group company, Chennai Petroleum Corporation’s shares tanked after the company reported its quarterly results for the September quarter (Q2FY23). The company’s shares were trading at ₹ 208.00 apiece at 11:47 AM on Thursday. This is an 11.22% fall as compared to its closing price of ₹ 234.30 apiece on Tuesday’s closing bell. On a [...]
Ashish Kacholia, commonly known as the ‘Big Whale’ of the Indian stock market is followed by many investors as he is popular for picking multibagger stocks from various industries. As per the latest corporate shareholdings filed, Ashish Kacholia publicly holds 42 stocks with a net worth of over Rs. 1,884.3 Crores. Out of them, here [...]
Markets1 is a well-established financial services provider for trading various commodities that not only professional traders even the working class deals with them. So their investment can someday result in a fruitful outcome like they are saving it in a bank for their rainy days. On their online trading platform, Markets1 provides a pricing model [...]
Homegrown FMCG major Dabur India on Wednesday reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30 due to high inflation impacting consumption. The company had posted a net profit of Rs 505.31 crore in the July-September quarter a year ago, Dabur India [...]
Gland Pharma Ltd on Wednesday reported a 20.14 per cent decline in consolidated net profit at Rs 241.24 crore for the second quarter ended September 30, on lower sales and higher expenses. The company had posted a consolidated net profit of Rs 302.08 crore in the same period last fiscal, Gland Pharma said in a [...]
Century Textiles and Industries, a part of the Aditya Birla Group, on Wednesday reported 59.38 per cent rise in consolidated net profit at Rs 69.97 crore for September quarter 2022-23. In the year-ago period, the profit stood at Rs 43.9 crore, the company said in a regulatory filing. Total income from operations rose to Rs [...]
Media groups Sony and Zee have voluntarily agreed to sell three Hindi channels -- Big Magic, Zee Action and Zee Classic -- to address possible anti-competition concerns arising out of their proposed mega-merger deal. They submitted their proposal to the Competition Commission of India (CCI), which cleared the deal, subject to certain modifications on October [...]
The shares of ICICI Bank Limited inched marginally higher to touch its new 52-week high of Rs 943.25 in the early hours of Tuesday. Till afternoon, the stock was trading at Rs 931 levels. The shares rallied after the bank posted a robust Q2 result. The Net Interest Income (NII) of the bank stood at [...]
The Competition Commission on Tuesday slapped a penalty of Rs 936.44 crore on Google for abusing its dominant position with respect to Play Store policies and directed the company to cease and desist from unfair business practices. In a release, the Competition Commission of India (CCI) said it has also directed to modify its conduct [...]
Mukesh Ambani-led Reliance Industries Ltd (RIL) recently announced that it is set to demerge its financial services arm and list it on the Indian stock exchanges. The demerge will be done through a share-swap agreement. This means that the company will issue one equity share of the newly listed Jio Financial Services Ltd (JFSL) for [...]
The shares of Sikko Industries Limited are trading 2.15 per cent higher till 11.45 on Tuesday at Rs 133 levels. In the past five days, the stock has shed approximately 7 per cent. However, the stock price has surged from Rs Rs 43.30 around the same time in July to the current levels logging a [...]
Leading depository CDSL has reported a 7 per cent decline in its consolidated net profit to Rs 80 crore in three months ended September 2022. In comparison, the depository had posted a net profit of Rs 86 crore in the year-ago period, Central Depository Services (India) Limited (CDSL) said in statement. The company's total income [...]
Domestic headline gauges started in the green on Tuesday but were dragged to the red tracking losses in oil & gas, and FMCG stocks. The Sensex shrunk by 0.33% by 11:56 AM on Tuesday and was quoting at 59,634.70 points, while the Nifty declined 0.28% to quote at 17,680.85 points. As markets fluctuate, here are [...]
Akshata Murty, wife of Britain's incoming Prime Minister Rishi Sunak, earned Rs 126.61 crore (USD 15.3 million) in dividend income in 2022, from her shareholding in India's second-largest IT firm Infosys. Murthy, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to [...]
Laurus Labs, a pharmaceutical company has been on the losing run for three sessions in a row. Its shares fell by 5.56% on Tuesday’s early trades and were quoting at ₹ 453 levels. Its shares were at ₹ 525 levels on October 21, 2022, and the current share price indicates a fall of 13.71% in [...]
The corporate earnings season has already started. October marks the beginning of the third quarter, but with Q2 results being announced, come announcements of dividends. Investors eagerly hope for corporate actions like dividends that help them make extra money during the festive season. The ex-date and the record date are two significant dates when it [...]
The shares of Kshitij Polyline Ltd were locked in an upper circuit of 5 percent and reached its new 52-week high of Rs 264.65 in the early hours of Tuesday. The stock has been on an uptrend for the last five days and has gained approximately 22 percent. Kshitij Polyline Ltd is one of the [...]
The shares of Aegis Logistics Limited have delivered 52,430 per cent returns as they have zoomed from Rs 0.5 to the current levels of Rs 293 a piece in twenty years. This shows the power of compounding which can be achieved by long-term investments. If an investor would have invested Rs 1 lakh in Aegis [...]
Agro chemicals firm Best Agrolife Ltd has clocked an over five-fold jump in its consolidated net profit at Rs 129.81 crore for the quarter ended September on higher sales. Its net profit stood at Rs 25.18 crore in the year-ago period, the company said in a statement. Total income also more than doubled to Rs [...]
Domestic Benchmark indices displayed a strong showing on Monday, as they added around 0.8%. The thirty-share index (BSE Sensex) jumped 500 points and ended at 58410 points, while the thirty-share index (NSE Nifty 50) climbed 126 points to end at 17,311 points On Friday, the markets ended marginally higher amid volatility. The BSE Sensex quoted [...]
