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 [...]
Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata [...]
Equity benchmark Sensex jumped over 465 points on Monday, tracking gains in index majors HDFC twins and Reliance Industries amid positive global market trends. The 30-share BSE gauge climbed 465.14 points or 0.80 per cent to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93 per cent to 58,934.90. The broader NSE [...]
Equity mutual funds attracted Rs 8,898 crore in July, a sharp decline of 43 per cent from the preceding month, amid volatile market conditions. Although, this was the 17th straight month of positive inflow in equity schemes. The net inflows in July were lower compared to the net inflow of Rs 15,495 crore seen in [...]
Adani Ports and Special Economic Zone (APSEZ) on Monday reported a 16.86 per cent decline in consolidated net profit to Rs 1,091.56 crore for the first quarter of the current financial year. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,312.9 crore in the corresponding period a year ago, [...]
Fincare Small Finance Bank has refiled preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO). This fresh filing comes as the capital markets regulator's one-year approval given to the lender to launch an IPO expired last month. Under the rules, a firm gets one year to hit the primary market after [...]
State-owned Life Insurance Corporation of India (LIC) sold a 2.015% stake in India’s largest car manufacturer, Maruti Suzuki on Friday. According to an exchange filing, the LIC sold 60.88 lakh shares worth ₹ 5,400 crores in the open market. With this, its stake in the auto manufacturer reduced from 6.22% to 4.2%. Maruti Suzuki’s shares [...]
With the rising markets, the shares of One 97 Communications Ltd (Paytm) have also risen by 5.3% till 11.30 am on Monday and were at Rs 826 levels. In the last five days, the stock has been volatile and has zoomed by approximately 10%. In the past month, the stock price has added 18%. The [...]
The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union's Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to deploy indigenously developed and manufactured 5G [...]
Industry experts say that mid-cap stocks are able to produce better returns because they are financially stable as compared to small-cap stocks and are quicker to act as compared to large-cap stocks. The amount of debt that a company has gives key insights into a company’s capital position. The debt-equity ratio is one such ratio [...]
Tata Elxsi Limited scaled new heights as its shares surged 3.46% on Monday’s early trades to reach a record high of ₹ 9631.00 apiece on the National Stock Exchange (NSE). The company’s share price increased by 9.94% in the past five days due to a strong growth outlook and its shares are currently trading at [...]
Shares of State Bank of India (SBI) on Monday fell over 3 per cent in the morning trade after it posted a 7 per cent decline in standalone net profit for the first quarter of the current financial year. The stock declined 3.13 per cent to Rs 514 on the BSE. At the NSE, it [...]
Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil". [...]
Tata Motors on Sunday said its subsidiary has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 725.7 crore. Tata Passenger Electric Mobility Ltd (TPEML), a subsidiary of Tata Motors and Ford India Pvt Ltd (FIPL), have signed a Unit Transfer Agreement (UTA) for the acquisition of the Gujarat-based plant. As part [...]
After a volatile trading session on Friday, the headline gauges managed to close in the green. The BSE Sensex closed at 58,387 points, up 0.15% or 89 points, while the NSE Nifty settled at 17,397 after adding 15.5 points or 0.09%. However, here are a few stocks with huge upside potential. Gail (India) Limited ICICI [...]
Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator's clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of [...]
