Brokerages have a bullish view of a small-cap multibagger stock. The company has a new product pipeline. In addition, it has strong traction in the contract development and manufacturing organisation (CDMO) segment. Jubilant Ingrevia Ltd is a part of the diversified global conglomerate, Jubilant Bhartia Group. The company has a global presence in integrated life [...]
Asian Paints on Thursday reported 32.83 per cent rise in consolidated net profit at Rs 803.83 crore for the second quarter ended September 30, 2022 driven by robust sales. The company had posted a net profit of Rs 605.17 crore in the same quarter last fiscal year, Asian Paints said in a regulatory filing. Revenue [...]
The shares of Mahalaxmi Rubtech Ltd were trading marginally lower at Rs 197 levels in the early trading hours of Thursday. Founded 55 years ago, Mahalaxmi Rubtech (MRT) is a small-cap company with a market capitalization of Rs. 210 crores. It is engaged in the business of offset printing of blankets, manufacturing of coated fabrics, [...]
State-owned Canara Bank on Thursday reported an 89 per cent rise in its net profit to Rs 2,525 crore for the second quarter ended September of this fiscal. The bank had posted a net profit of Rs 1,333 crore in the same period of the previous fiscal. The total income also rose to Rs 24,932.19 [...]
The shares of Bharat electronics gained 2 per cent to 11.50 on Thursday and were trading at Rs 108 levels on account of the recent developments in the company. The stock is trading near its 52-week high of Rs 115 which it reached last month. On Wednesday, the company announced that it signed a Memorandum [...]
Small-cap stocks have the potential to generate higher returns as these companies are in a growing stage. Thus the growth potential of these companies is huge. However, these stocks are also considered risky in the market. One of the risk factors associated with any company is the amount of long-term external borrowings or Debt that [...]
Shares of Tracxn Technologies climbed nearly 6 per cent in debut trade on Thursday against the issue price of Rs 80. The stock made its debut at Rs 83, registering a rise of 3.75 per cent against the issue price on BSE. It further climbed 23.68 per cent to Rs 98.45. At the NSE, it [...]
Microsoft CEO Satya Nadella has said it is an honour for him to receive the Padma Bhushan, the third-highest civilian award and he looks forward to continuing to work with people across India to help them use technology to achieve more. Nadella, who plans to visit India next January, formally received the award for distinguished [...]
HDFC Asset Management Company (AMC) on Wednesday reported a 6 per cent growth in profit after tax (PAT) at Rs 364.1 crore for the July-September quarter of the current financial year. In comparison, the asset management firm had a PAT of Rs 344.5 crore in the same quarter of preceding fiscal, HDFC AMC said in [...]
Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked SEBI to provide comments on its draft open offer letter. The conglomerate, run by India's richest man Gautam Adani, [...]
KP Energy's consolidated net profit rose over 49 per cent to Rs 6.7 crore in the September quarter. The consolidated net profit of the company was Rs 4.49 crore in the year-ago period, according to a BSE filing. The total income of the company rose to Rs 57.85 crore in the quarter under review from [...]
Multiplex chain operator Inox Leisure Ltd on Wednesday reported a narrowing of its consolidated net loss to Rs 40.37 crore for the second quarter that ended on September 30, 2022, helped by rising footfalls at cinema halls. The company had posted a net loss of Rs 87.66 crore in the July-September period a year ago, [...]
The shares of Container Corporation of India Ltd. (CONCOR) jumped 6.88% on Wednesday to close at Rs. 771 per share. The surge in CONCOR’s stock price has been attributed to the news of DIPAM initiating roadshows for the divestment of the company. Incorporated in March 1988, CONCOR is a subsidiary of the Ministry of Railways, [...]
Syngene International on Wednesday reported a 53 per cent rise in consolidated net profit at Rs 102 crore in the second quarter ended September 2022 on the back of higher revenue. The company, which is an integrated research, development and manufacturing services firm, had posted a consolidated net profit of Rs 66.7 crore in the [...]
RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6 per cent next year. Goyal further said that the policy rate hikes have largely reversed pandemic-time cuts [...]
The shares of Xpro India Limited had declined marginally and were trading at Rs 749 before the closing hours on Wednesday. In the last five days, the stock has zoomed by approximately 7 per cent. XPRO India Ltd, part of Birla Group, is engaged mainly in the business of polymers processing and stands as a [...]
CG Power and Industrial Solutions on Wednesday reported 11 per cent decline in consolidated net profit at Rs 178.97 crore for September quarter 2022-23. The company logged a profit of Rs 201.78 crore in the quarter ended September 30, 2021, a BSE filing stated. However, its total income rose to Rs 1,707 crore in the [...]
The shares of Piramal Pharma Limited made a debut in the Indian stock exchanges on October 19th, 2022. The shares were listed at Rs 201.8 apiece on the BSE and Rs 200 per share on the NSE. At 11.50 on Wednesday, the stock had declined by 4.9 per cent and was trading at Rs 191 [...]
Aditya Birla group firm UltraTech Cement Ltd on Wednesday reported a decline of 42.09 per cent in its consolidated net profit at Rs 758.70 crore for the second quarter that ended on September 30, 2022. The company had posted a net profit of Rs 1,310.34 crore in the July-September period a year ago, UltraTech Cement [...]
Media house DB Corp Ltd on Wednesday reported a 9.28 per cent decline in its consolidated net profit to Rs 48.78 crore for the second quarter ended on September 30, 2022. The company had posted a consolidated net profit of Rs 53.77 crore in the July-September quarter a year ago, DB Corp said in a [...]
