Oil India Ltd (OIL), the nation's second-largest state explorer, reported a tripling of its net profit in the June quarter on record oil and gas price realisation. Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period [...]
Auto components maker Bharat Forge Ltd on Thursday reported a consolidated net profit of Rs 160.37 crore for the first quarter ended June 30. The company had posted a consolidated net profit of Rs 152.75 crore in the same quarter last fiscal, Bharat Forge said in a regulatory filing. Its consolidated revenue from operations during [...]
The shares of Alliance Integrated Metaliks Limited opened in the green on Thursday. They surged by 29.38% in the last five days. In fact, they rose 9.97% on Wednesday’s intraday trade and got locked at an upper circuit amid a choppy session. The company manufactures a wide range of metal structures and parts of metal [...]
JSW Energy on Wednesday said that its wholly owned subsidiary, JSW Neo energy has agreed to acquire solar and wind power assets from Mytrah Energy (India) Pvt Ltd. The deal was struck at an enterprise value of approximately ₹ 10,530 crores for assets totalling 1753 megawatts (MW). KPMG India Services LLP was the transaction advisor [...]
Telecom major Bharti Airtel reported a 466% surge in its consolidated net profit at ₹ 1,607 crores for the June quarter of 2022, boosted by subscriber additions. It had reported a net profit of ₹ 284 crores in the corresponding quarter last year. Airtel’s consolidated revenue from operations rose 21% to ₹ 32,805 crores in [...]
Shares of Eicher Motors jumped over 3 per cent to hit a 52-week high in morning trade on Thursday after the company posted strong earnings for the quarter ended June 30. On BSE, the stock opened strong at Rs 3,249 and gained further ground to touch its 52-week high level of Rs 3,260.85, registering a [...]
PB Fintech, the parent firm of online insurance broker Policybazaar, on Wednesday reported a widening of consolidated loss to Rs 204.33 crore in the first quarter ended June 30, 2022, according to a BSE filing. The company had posted a loss of Rs 110.84 crore in the same period a year ago. The consolidated revenue [...]
Kirloskar Pneumatic's promoter entities on Wednesday divested over 14 per cent stake in engineering firm Kirloskar Pneumatic Company Ltd for Rs 432 crore through open market transactions. The promoter and promoter group who offloaded shares included Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. The shares were picked up by a clutch of [...]
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022, according to a regulatory filing. After the sale, the LIC [...]
Suzlon Energy posted a multi-fold rise in its net profit to Rs 2,432.55 crore in the June quarter compared to the year-ago period, helped by exceptional gains. The consolidated net profit of the company was Rs 3.64 crore in the quarter ended June 30, 2021, a BSE filing said. Total income of the company rose [...]
Multibagger Stock: A year ago the shares of Fine Organic Industries Ltd were trading at Rs 2992 a piece on NSE. From there it has climbed up to the current levels of Rs 6,774 thereby giving a multibagger return of 124% in just a year. On Wednesday the stock opened at Rs 6,800 up 16% [...]
Coal India Ltd on Wednesday reported almost three-fold rise in consolidated net profit at Rs 8,832.86 crore for June quarter 2022-23 on the back of higher sales. The company had posted a net profit of Rs 3,169.86 crore in the year-ago period, Coal India Ltd (CIL) said in a filing to BSE. Revenue from operations [...]
Mortgage financier Indiabulls Housing Finance on Wednesday reported a marginal 1.8 per cent rise in its profit after tax (PAT) to Rs 287 crore for the April-June quarter due to lower net interest income (NII). The lender had reported a profit after tax of Rs 282 crore in the same quarter of the previous fiscal. [...]
Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to USD 3 billion during July, a report said on Wednesday. The investments in July are the lowest for any month in a year, and lower than the USD 4.9 billion recorded across 118 deals in the preceding month [...]
Pidilite Industries on Wednesday reported 64.27 per cent rise in consolidated net profit at Rs 357.52 crore for June quarter 2022-23, led by growth in sales and volume. The company which manufactures adhesives, sealants and construction chemicals had logged a profit of Rs 217.64 crore in April-June period a year ago. Revenue from operations was [...]
The markets have rallied in the past few weeks, with the benchmark indices rising by more than 14% since their lows in June. FPIs have been selling relentlessly since November 2021 and July 2022 turned out to be an excellent month for the Indian markets, as they started turning into net buyers. The stock markets [...]
The shares of Trident Ltd opened at Rs 35.50 per share on Wednesday as against the previous close of Rs 39.75. In the past five days, the stock has dipped by 5.5%. So far this year in 2022, the stock has lost approximately 29%. The stock was trading at Rs 19.95 a piece a year [...]
Max Healthcare on Wednesday said its consolidated net profit increased by 12 per cent to Rs 229 crore for the June quarter driven by annual price revision and normalisation of patient footfalls. The healthcare provider had reported a net profit of Rs 205 crore in the June quarter of last fiscal. Net revenue during the [...]
Electronic manufacturing services firm Avalon Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,025 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders, [...]
IT service provider Zensar Technologies Limited’s shares touched their 52-week low on Wednesday’s early trades. Its share price dropped by 11.81% in the past five days to reach its 52-week low of ₹ 221.75 apiece. The company’s revenue jumped 28.46% from ₹ 936.80 crores in June 2021 to ₹ 1203.40 crores in June 2022. However, [...]
