Life Insurance Corporation of India invests in other companies and many investors like to keep a tab on the changes in the investments of the insurance behemoth. In accordance with SEBI’s regulations, all listed firms must disclose any change in shareholding of more than 2%. Here are a few companies in which LIC has decreased [...]
Established in 1955, West Coast Paper Mills Limited (WCPM) is one of India’s oldest and largest manufacturers of paper for printing, writing, and packaging. Based out of Dandeli, Karnataka, it is a small-cap company with a market capitalization of Rs. 3,850 crores. A new name has emerged in the share shareholding pattern for July to [...]
Yes Bank on Saturday reported 32 per cent decline in standalone net profit at Rs 152.82 crore for September quarter 2022 on higher provisions. The bank had posted a net profit of Rs 225.50 crore for the year-ago same period. In preceding June quarter 2022, the net profit stood at Rs 310.63 crore. Total income [...]
Kotak Mahindra Bank on Saturday reported an about 27 per cent rise in net profit at Rs 2,581 crore for the quarter ended September 2022. The private sector lender had posted a net profit of Rs 2,032 crore in the same quarter of the previous fiscal year. Total income during July-September period of 2022-23 grew [...]
IRB Infrastructure Developers on Friday reported a 101.65 per cent jump in consolidated net profit to Rs 85.30 crore for the second quarter ended September 2022. The company had clocked a consolidated net profit of Rs 42.30 crore in the corresponding quarter of the previous fiscal, it said in a statement. Total income during the [...]
Private sector lender Karur Vysya Bank on Friday reported a 52 per cent jump in its net profit at Rs 250 crore for the quarter ended September 30, on the back of a double-digit growth in net interest income and fall in bad loans. The South-based lender had posted a net profit of Rs 165 [...]
Drug firm Laurus Labs on Friday said its consolidated net profit increased 14 per cent to Rs 233 crore in the second quarter ended September 30, 2022. The company had reported a net profit of Rs 204 crore in July-September period a year ago. Revenue from operations rose to Rs 1,576 crore in the quarter [...]
IDBI Bank on Friday reported a 46 per cent rise in its net profit to Rs 828 crore for the second quarter ended September 30. The bank had posted a net profit of Rs 567.12 crore in the year-ago period. The total income in the September 2022-23 quarter rose to Rs 6,065.51 crore from Rs [...]
Motilal Oswal Financial Services Ltd on Friday reported an 11 per cent growth in Profit After Tax (PAT) at Rs 509 crore for three months ended September 2022 driven by robust growth across the segments. This was the highest quarterly profit posted by the company. In comparison, the company had a PAT of Rs 458 [...]
Jammu & Kashmir Bank on Friday reported over two-fold jump in net profit at Rs 243.49 crore for September quarter 2022-23 on a healthy growth in interest income and fall in bad loans. The bank had posted a net profit of Rs 111.09 crore for the year-ago period. Total income during the quarter rose to [...]
Till the afternoon on Friday, the BSE Sensex was up by 360.75 points or 0.61% at 59563.65, and the Nifty 50 had inched up 89.30 points or 0.51% to be at 17653.30. Amid the rising market, here are two large-cap stocks that brokerages are bullish on post their quarterly results for an upside of up [...]
Nifty heavyweight Reliance Industries shares are in focus as it is scheduled to release its September quarter (Q2FY23) results today. According to analysts, the Mukesh Ambani-controlled conglomerate is likely to report strong year-on-year growth in consolidated net revenue and profit for the said quarter. The company’s results usually lack an element of surprise, however, quite [...]
Part of the Adani Group, Adani Transmission Ltd. (ATL) announced on Thursday that it has secured an order to install and maintain 10.8 lakh smart meters for BEST Mumbai, a civic transport and electricity provider public body. Gujarat-headquartered ATL is one of India’s largest private-sector power transmission companies. It establishes, commissions, operates and maintains electric [...]
Leading stock exchanges BSE and NSE will conduct a one-hour special muhurat trading session on Monday, marking the beginning of a new Samvat 2079 -- the Hindu calendar year that starts on Diwali. The symbolic trading session would be held between 1815 hrs and 1915 hours, the stock exchanges said in separate circulars. It is [...]
The shares of ITC Limited started the last trading day of the week on a positive note as the stock rallied and reached its 5-year high of Rs 353.20 in the early hours. In the past five days, the stock has gained approximately 6 per cent. On a year-to-date basis, the stock price has increased [...]
Shares of Axis Bank climbed over 6.5 per cent in morning trade on Friday, after the firm reported a 66.29 per cent jump in consolidated net profit for the September quarter. The stock jumped 6.50 per cent to its 52-week high of Rs 879.95 on the BSE. At the NSE, it rallied 6.53 per cent [...]
With a market capitalization of ₹ 41,101 crores, Astral Limited is a large-cap company, primarily engaged in the plumbing and drainage systems business in India. The movement of its share price over the years is an example of how staying invested in a company for the long term can give multibagger returns to its investors. [...]
Beer maker United Breweries Ltd has reported a 66.94 per cent growth in its consolidated net profit at Rs 134.12 crore in the second quarter ended September 30, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 80.34 crore in [...]
Asian Paints on Thursday announced Rs 2,100 crore of phased investment to set up a new plant to produce vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) in the country. The company also announced another Rs 550 crore of investment to set up a white cement plant in the UAE in partnership with [...]
L&T Finance Holdings on Thursday reported an 81 per cent jump in net income at Rs 406 crore for the September quarter, helped by better asset quality and record high retail advances. The leading non-banking credit company said it logged the highest-ever quarterly retail disbursements in the September quarter, and the retail book has crossed [...]
