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, [...]
Professional Loan for Shopkeepers: Professional or Business Loans are a lifesaver for merchants when procuring funds for small businesses and shops. When such small and medium-scale enterprises begin, they may not have the full credibility and experience required to secure capital funds when they need them most for their development and growth. In these cases, [...]
The shares of Tata Chemicals opened on a bullish note at Rs 999.95, then gained further ground to touch Rs 1,043, registering a jump of 8.96 per cent over its previous close. In the past month, the stock has gained more than 24%. From the beginning of 2022, the stock has been volatile and has [...]
Foreign Portfolio Investors (FPIs) are returning to Indian equities after relentlessly selling over ₹ 2 trillion in the past nine months. However, they bought shares close to ₹ 5,000 crores in July and this has lifted market sentiments, and the Sensex escalated 8.5% in July after going through a contraction in the past three months. [...]
Reliance Capital on Tuesday reported a narrowing of its consolidated net losses to Rs 491.40 crore in the quarter ended June 2022. The company which is undergoing an insolvency process had reported a net loss of Rs 1,006 crore in the year-ago quarter ended June 2021. Reliance Capital had reported losses of Rs 4,249.20 crore [...]
Loss-making telecom operator Tata Teleservices(Maharashtra) on Tuesday reported narrowing of loss to Rs 295.1 crore in the first quarter of the current financial year. The company had posted a loss of Rs 318.45 crore in the same period a year ago. Revenue from operations of Tata Teleservices (Maharashtra) Limited (TTML) declined marginally to Rs 266.48 [...]
Shree Renuka Sugars, a subsidiary of Wilmar Sugar Holdings Pte Ltd Singapore, on Tuesday reported narrowing of its consolidated loss to Rs 113.9 crore during the quarter ending June. The company had posted a loss of Rs 241 crore during the corresponding quarter of the previous financial year, Shree Renuka Sugars said in a regulatory [...]
Direct-to-home firm Dish TV India on Tuesday reported a 63.67 per cent decline in consolidated net profit at Rs 17.85 crore in the April-June quarter of FY 23, citing impact of inflation on subscribers. The company had reported a net profit of Rs 49.14 crore in the same quarter a year ago, Dish TV said [...]
Indraprastha Gas Ltd, the firm that retails CNG and piped cooking gas in the national capital, on Tuesday reported a 72 per cent rise in the June quarter net profit on the back of a rise in sales volume. Net profit of Rs 420.86 crore in April-June compared with Rs 244.29 crore in the corresponding [...]
Textile major Trident on Tuesday said its founder and chairman Rajinder Gupta has expressed his intention to step down as director and non-executive chairman of the company due to health issues and family commitments. Respecting the request received from Gupta to relieve him from his duties, the company's board commended the unparalleled contribution of the [...]
ABB India on Tuesday said its net profit more than doubled to Rs 147 crore in the June quarter, mainly on the back of higher revenues. The company had reported a profit of Rs 68 crore in the quarter ended June 30, 2021, according to a company statement. Its total revenues rose to Rs 2,053 [...]
Tata Chemicals on Tuesday reported an 86.25 per cent increase in consolidated net profit at Rs 637 crore during the quarter ending June. The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, Tata Chemicals said in a regulatory filing. Revenue from operations of the company went up [...]
Natco Pharma Ltd on Tuesday reported a multifold rise in consolidated net profit to Rs 320.4 crore for the first quarter ended June 30, on higher revenue from the pharmaceutical vertical. The company had posted a consolidated net profit of Rs 75 crore in the same period last fiscal, Natco Pharma said in a regulatory [...]
Before investing in a stock, it is important to understand the financials of the company. One of the metrics that should be looked at is the Return on capital employed (ROCE). The ratio helps to understand how well a company is generating profits from its capital as it is put to use. In other words, [...]
The Indian benchmarks have started the second week of august in green. The S&P BSE settled at 58,853, up 465 points or 0.8 per cent. The Nifty50, on the other hand, gained 128 points, or 0.73 per cent, to close at 17,525. Investing in dividend stocks exposes the investor to additional income in the form [...]
State-owned Power Grid Corporation of India (PGCIL) on Monday said its consolidated net profit dipped over 36 per cent to Rs 3,801.19 crore in the April-June quarter of FY23. The consolidated net profit of the company was Rs 5,998.28 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of [...]
Ircon International Ltd on Monday reported a 62.46 per cent rise in consolidated profit after tax at Rs 144.57 crore in the first quarter ended June. The company had posted consolidated profit after tax of Rs 88.99 crore in the year-ago period, Ircon International said in a statement. The consolidated revenue of the company during [...]
The shares of Hindustan Aeronautics Ltd (HAL) surged 7.85% on Monday and surpassed their 52-week high of ₹ 2075 apiece that they touched on August 02, 2022. They reached a fresh 52-week high of ₹ 2174 apiece. The company’s shares surged by 74.60% in 2022 (year-to-date). This means that if an investor would have invested [...]
Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Monday dropped nearly 5 per cent after the firm reported its highest-ever quarterly net loss of Rs 10,196.94 crore in the June quarter. The stock fell 4.65 per cent to end at Rs 239.05 apiece on the BSE. During the day, the stock declined 6.22 per cent [...]
