Development and testing of electric vehicles need to follow strict protocols and companies must not rush to the market in order to avoid incidents of vehicles catching fire, according to automotive industry leaders. With EVs (Electric Vehicles) still evolving, the manufacturers are in the process of learning and even the testing agencies are yet to [...]
The initial public offer of Harsha Engineers IPO got fully subscribed on the first day of subscription on Wednesday. The public offer received bids for 3,24,61,830 shares as against 1,68,63,795 shares on offer, translating into 1.92 times subscription, according to data available with the NSE till 1734 hrs. Retail individual investors' category received 2.28 times [...]
Edtech major Think & Learn, which operates under Byju's brand name, on Wednesday said its gross revenue jumped over four-fold to Rs 10,000 crore in FY22, while its losses in FY21 widened to Rs 4,588 crore. The company had registered a revenue of Rs 2,428 crore in FY21. Byju's losses widened to Rs 4,588 crore [...]
The shares of Kshitij Polyline Limited opened at Rs 91.75 to reach its new 52-week high and got locked in an upper circuit of 5 per cent. In the last five days, the stock has zoomed by more than 17 per cent. In the span of a month, the stock has gained 70 per cent. [...]
Banking major, State Bank of India (SBI) Limited’s shares reached a lifetime high of ₹ 574.85 apiece on the National Stock Exchange (NSE). The shares surged 3.02% on Wednesday’s trades. The public sector lender stood seventh in the overall market cap ranking with a market cap of over ₹ 5 lakh crores on Wednesday’s trades. [...]
Breakfast cereal producer Kellogg India's revenue from operation was up 14.12 per cent in 2021-22 to Rs 1,332 crore as compared to the previous year. Its profit after tax in FY22 jumped 42.94 per cent to Rs 102.51 crore as against Rs 71.71 crore a year ago, as per the data provided by business intelligence platform [...]
Helped by an increase in demand for cooling products due to intense summer this year, Tata group firm Voltas has sold around 1.4 million units of residential air conditioners till August this year. Voltas crossed this one-million-plus sales mark for the seventh consecutive year in a row, the company said a statement. The company sold [...]
The auto component industry should focus on enhancing localisation, improving manufacturing quality and keep investing in emerging technologies for a sustainable growth, Maruti Suzuki Executive Chairman Kenichi Ayukawa said on Wednesday. Speaking at the 62nd session annual session of ACMA here, Ayukawa, who is also the president of auto industry body SIAM, noted that localisation [...]
There are generally two ways to earn in the stock market i.e, Capital appreciation and Dividends. While capital appreciation happens over time through active investing, Dividend is a source of passive income. Here are two stocks that will pay a dividend of more than 1000%: Bajaj Holdings And Investment Limited The shares of the Bajaj [...]
“Every time a popular stock goes ex-bonus/split & the price drops on ex-date, there is panic or greed among many investors because they think they've made a loss or that the stock has become cheaper,” tweeted Nithin Kamath, Founder and CEO, Zerodha. He took to Twitter to explain what a stock split means and that [...]
Headline Indices suffered deep cuts as they opened lower on Wednesday. The BSE Sensex quoted at 59417 points, down 1150 points, while the NSE Nifty 50 was at 17771 points, down 300 points. The thirty-share index reclaimed the 60,000 mark on Monday, whereas the fifty-share index reclaimed the 18,000 mark on Tuesday. However, the benchmark [...]
Till the afternoon on Tuesday, the Sensex was up 513.66 points or 0.85% at 60628.79, and the Nifty up 150.40 points or 0.84% at 18086.70. Amid the positivity, here are two blue chip stocks that are recommended by analysts for an upside of up to 20%: Tata Chemicals Limited The shares of Tata Chemicals were [...]
Shares of multiplex chains PVR and INOX Leisure defied the broader market trend and gained in the morning trade on Wednesday. The rise in shares came a day after the Competition Commission of India (CCI) rejected a complaint against the proposed merger of PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by [...]
Investors' wealth eroded by more than Rs 2.21 lakh crore in early trade on Wednesday, with the market witnessing a selling-off amid prospects of aggressive rate hikes by the US Federal Reserve to tackle high inflation, and sluggish global trends. In less than hour of the start of trading on Wednesday, the key indices -- [...]
Pondy Oxides & Chemicals Ltd. (POCL) is a small-cap company that is in the news these days. It operates in the chemical industry and is going to trade ex-dividend this week and ex-bonus this month. Ace investor Dolly Khanna holds a stake in this multibagger stock. The shares of the company shot up by 38.43% [...]
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 extended their winning streak to the fourth consecutive day on Tuesday. The BSE Sensex jumped 456 points or 0.8 per cent to end at 60571, while NSE Nifty 50 crossed the 18,000 mark after 4 months and ended at 18070. With the bullish sentiment in [...]
Union Chemicals and Fertilisers Minister Mansukh Mandaviya on Tuesday said there is no shortage of crop nutrients in the country and asserted that there will be no hike in the prices of non-urea products. The minister also said that Nutrient Based Policy (NBS) for Phosphatic and Potassic (P&K) fertilisers for the Rabi season (October 2022 [...]
A debt is any financial obligation that the company has to repay within a specified time period. For extending the capital, the creditor generally charges an additional sum of money which is known as interest. The debt is seen as a risk factor as the non-payment can also lead to bankruptcy of the company. Therefore, [...]
The shares of Tata Investment Corporation Limited opened at Rs 1,978 on Tuesday and gained more than 5.5 per cent to reach its All time high of Rs 2,096.50. The stock has been on an uptrend and has gained more than 15 per cent in the last five trading sessions. In the span of a [...]
Shares of Coal India rose nearly 2 per cent in the morning trade on Tuesday as the government is set to auction 10 coal blocks under commercial coal mining this week. Shares of Coal India opened at Rs 233, then gained 1.64 per cent to Rs 235.30 apiece on BSE. On NSE, the scrip opened [...]