India's crude steel output rose by 2.56 per cent to 30.06 million tonne (MT) during the July-September period of the ongoing financial year. As per research firm SteelMint, the top six steel makers -- SAIL, Tata Steel, JSW Steel, JSPL, AMNS India and RINL -- produced 18.29 MT steel, the rest 11.77 MT came in [...]
The shares of credit rating agencies CARE ratings and ICRA inched higher on Friday’s early trades after the Securities and Exchange Board of India (SEBI) took action against their peer. CARE ratings gained 4.81% to reach an intraday high of ₹536.85, while ICRA gained 2.53% to reach an intraday high of ₹ 4100.00. The capital [...]
The revenue growth of Indian agrochemical stocks is expected to remain weak for the September quarter. This is primarily because the fertilizer companies had to resort to price increases to counter cost inflation. This along with weaker rain distribution impacted demand resulting in subdued volume growth. However, analysts remain bullish on the sector. Brokerage Nirmal [...]
Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. The investment by ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG to [...]
Equitas Small Finance Bank on Friday said its gross advances grew by 20 per cent to Rs 22,802 crore at end of September 2022 quarter. The Bank's gross advances in the year-ago period of September 2021 stood at Rs 18,978 crore. During the second quarter ended September 2022-23, the Bank's disbursements were up by 22 [...]
The shares of jewellery and other wearables retailer Titan Ltd. jumped 5% in the early hours of trading on Friday. As of 12:00 noon, the stock was trading at Rs. 2,721, up Rs. 128 for the day. This comes on the back of strong year-on-year (YoY) growth of 18% that the company achieved for the [...]
German luxury carmaker Audi on Friday reported a 29 per cent growth in retail sales at 2,947 units in the January-September period of this year in India. Audi India had retailed 2,291 units in the same period last year. The growth was driven by the new A8 and Q7, coupled with continued demand for the e-tron [...]
All brokerages must transfer unused funds back to the customer's bank account as part of the new account settlement process, starting today. Nithin Kamath, founder and CEO at Zerodha estimated that these funds will be more than ₹ 25,000 crores across the country. Capital markets regulator, Securities and Exchange Board of India (SEBI) has issued [...]
The shares of JSW Energy shot up more than 12% during intraday trade on Thursday. The company entered an agreement with the Maharashtra government to establish a 960-megawatt hydro pump storage project in Raigarh. As of 11:40 IST on Friday, the shares were exchanging hands for Rs. 334 a piece, up 1.36% for the day. [...]
Saudi Arabia is looking to leave its mark on the world tourism stage by setting in motion its plan of reaching 100 million visitors by 2030. This signifies the tourism industry’s role as one of the main factors in diversifying an economy historically dependent on the export of oil. With the machinery firmly put in [...]
The Piotroski score is a score between zero and nine that reflects nine parameters used to determine the strength of a company’s financial position. It is used to find the best-value stocks. The parameters used to arrive at this score include net income, operating cash flow, quality of earnings, return on assets, leverage, current ratio, [...]
The shares of Godrej Consumer Products Ltd. (GCPL) slipped 5% during the early hours of trading on Thursday as the company updated on its weak September quarter results. As of 12:00 noon, the stock was trading at ₹ 851.50, down 5.03% for the day. The FMCG stock has lost over 16% in market value in [...]
Benchmark BSE Sensex rose by 156 points while the Nifty closed above the 17,300 level on Thursday after gains in metal, IT and capital goods shares amid foreign capital inflows. The 30-share BSE benchmark gained 156.63 points or 0.27 per cent to settle at 58,222.10. During the day, it jumped 513.29 points or 0.88 per [...]
Shivalik Bimetal Controls Limited, a small cap multibagger stock, has announced the record date for a 2:1 bonus issue. This means that eligible shareholders will receive one bonus share for every two equity shares held by them as of the record date. The company is specialized in the joining of materials through various methods. It [...]
Shares of SpiceJet on Thursday climbed over 9 per cent amid reports that the company is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS (Emergency Credit Line Guarantee Scheme). After beginning the trade on a positive note, the stock of the budget carrier further jumped 9.23 per cent to [...]
The shares of Reliance Industries Limited were trading in green at Rs 2,435 levels in the early hours on Thursday. In the past month, the stock has shed over 6.24% and has largely remained flat at a 1.29% gain. Despite the share price being volatile, the company has remained in the news for positive developments. [...]
Domestic Institutional Investors (DII) include a class of investors that impact an economy’s net investment flows. They invest in the financial assets and securities of the country they are currently residing in. DIIs include Indian mutual funds, insurance companies, pension funds, and banking and financial institutions. Here are a few companies in which DIIs hold [...]
The shares of Asian Hotels East Ltd opened at Rs 345 and shot up by 5 per cent to trade at Rs 350 levels till 12.10 pm on Tuesday. In the past month, the stock has zoomed by 40 per cent. The board of the company has approved the issuance of Bonus shares. The ratio [...]
Banking and Financial stocks zoomed on Tuesday’s early trades with sizeable gains. Many of them had a gap-up opening and continued to rally amid a strong Q2 update. Bank Nifty gained 3.02% to reach a high of 39,177.50 points. Quarter 2 earnings for this year are scheduled to start next week, however, the following companies [...]
Return on Capital Employed (ROCE) is one of the most important factors that are to be checked in order to find quality stocks. It measures a company’s profitability and efficiency. Ideally, it should be above 20 per cent. Vijay Kishanlal Kedia publicly holds 16 stocks with a net worth of over ₹ 770.7 crores. Here [...]
