Domestic equities started on a positive note on Monday. The thirty-share index (BSE Sensex) extended its gaining spree and was trading at 57,898.02 levels, up 0.58 per cent. On the other hand, the fifty-share index (NSE Nifty 50) was trading at 17,261.10 levels, up 0.61 per cent Among sectors, the auto index was up more [...]
Hindustan Petroleum Corporation Ltd (HPCL) on Saturday reported its highest ever quarterly net loss of Rs 10,196.94 crore in the June quarter as a freeze on petrol and diesel price revision wiped away record refining margins. A standalone net loss of Rs 10,196.94 crore during April-June compares with a net profit of Rs 1,795 crore [...]
On Friday, the BSE Sensex was up 89.13 points or 0.15 per cent and closed at 58,387.93, while the Nifty50 was up 15.5 points or 0.09 per cent and ended at 17,397.5. However, there are certain stocks that have gone sideways as they announced their quarterly results. Here are three stocks with good fundamentals which [...]
A promoter entity of Crompton Greaves Consumer Electricals Ltd on Friday offloaded the firm's shares worth Rs 751 crore through an open market transaction. Those who picked up the shares of the Mumbai-based home appliances company were Copthall Mauritius Investment Ltd and Ghisallo Master Fund LP. According to bulk deal data available with the National [...]
State-owned Shipping Corporation of India Ltd (SCI) on Friday reported a 27.97 per cent decline in consolidated net profit to Rs 114.17 crore for the first quarter of this fiscal. The company had clocked a consolidated net profit of Rs 158.51 crore in the corresponding period a year earlier, it said in a regulatory filing. [...]
Digital map company CE Info Systems, which operates under MapMyIndia brand name, on Friday posted nearly 18 per cent increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23. The company had recorded a profit of Rs 20.6 crore in the same period a year ago. The revenue from operations [...]
Auto-parts maker Minda Corporation's profit after tax (PAT) increased more than six-fold to Rs 52.5 crore in the June quarter, the company said on Friday. It recorded a profit after tax of Rs 7.1 crore in the year-ago quarter, the company said in a statement. Its operating revenue for the reporting quarter grew 80.8 per [...]
The shares of Interglobe Aviation Ltd and SpiceJet Limited surged by 25.17% and 27.37% respectively in the past month, led by positive developments. Interglobe Aviation Ltd The shares of Interglobe Aviation Limited (Indigo), surged 5.93% on Friday to an intraday high of ₹ 2103.95 apiece. The scrip closed at ₹2,080.55 apiece on Friday. This happened [...]
Japan's SoftBank Investment Advisers and US-based JP Morgan hosted a meeting between large mutual fund houses and 10 unicorns, including Swiggy, and Unacademy, which are keen on going public within 3 years, sources said. Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4. "Indian [...]
The shares of Fineotex Chemical Ltd gained more than 8% in the early trading hours on Friday and reached their new 52-week high of Rs 252.90. Till afternoon, the stocks were trading at Rs 247. A year ago the scrip was trading at Rs 115 a piece on NSE. From there it has scaled up [...]
The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs 64.67 crore as part of a money laundering probe against cryptocurrency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative". [...]
Motherson Sumi Wiring India Ltd (MSWIL) on Friday reported close to two-fold increase in net profit at Rs 126 crore for the first quarter ended June 2022. The company had posted a net profit of Rs 79 crore in the April-June period of last fiscal. Total revenue from operations rose to Rs 1,671 crore compared [...]
Equity benchmarks ended modestly higher on Friday after the Reserve Bank raised the key interest rate in an effort to cool stubbornly high inflation and defend the rupee. Continuous foreign fund inflows into the capital markets and softening crude oil prices also helped the bourses regain momentum, traders said. The 30-share BSE Sensex ended 89.13 [...]
Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation. The increase in lending rate or the repurchase rate (repo) by 50 bps to 5.40 per cent [...]
State-owned Bharat Electronics Limited (BEL) on Thursday announced a bonus issue of its equity shares in the ratio of 2:1. Eligible shareholders of BEL will receive two shares for every one share held by them. "The proposal to increase authorized share capital, alteration of the memorandum of association of the company, and the issue of [...]
The newly listed stock Life Insurance Corporation of India or predominantly known as LIC has been one of the major investors in the Indian stock market. In fact, the public company holds 3.92 percent of NSE market capitalization as of June 2022 according to the data from Prime Database. Here are the stocks in which [...]
Mortgage lender HDFC Ltd on Friday said it has raised USD 1.1 billion (around Rs 8,700 crore) from a clutch of investors under 'Syndicated Social Loan Facility' to cater to the affordable housing segment in the country. The country's largest mortgage lender by asset size said it has raised the amount by way of external [...]
State-owned UCO Bank on Friday posted a 22 per cent rise in its net profit at Rs 123.61 crore for the first quarter ended June 30, helped by fall in bad loans. The bank had reported a net profit of Rs 101.81 crore in the same quarter of financial year 2021-22. However, the total income [...]
The Big Bull of the Indian stock markets, Rakesh Jhunjhunwala had a major reconstruction of his portfolio in the June quarter. He has added just one stock to his portfolio which is Escorts Kubota Limited. Here are the stocks in which he has offloaded or trimmed his stake: D B Realty Limited Rakesh Jhunjhunwala held [...]
Domestic benchmark indices started the last session of the week in green. The Sensex gained 220.93 points to touch 58519.73 points, and the Nifty50 climbed to as high as 17,437.90 points, up 222.95 points from its previous close. Here are a few shares that reached their respective 52-week highs as the markets escalated: Mahindra & [...]
