The Reserve Bank 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 and defend the rupee. The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo [...]
Welspun Corp Limited (WCL) on Thursday said its standalone net profit rose by 37 per cent to Rs 80.50 crore for the three months to June 2022 on the back of higher income. The company's standalone net profit stood at Rs 58.73 crore in the year-ago period, according to a regulatory filing. Its total income [...]
Cement maker Dalmia Bharat Ltd on Thursday reported a 26.78 per cent decline in its consolidated net profit to Rs 205 crore for the first quarter ended June 30. The company had posted a net profit of Rs 280 crore during the April-June quarter a year ago, Dalmia Bharat said in a regulatory filing. Its [...]
Mortgage financier LIC Housing Finance (LICHFL) reported a multifold rise in its profit after tax at Rs 925.48 crore for the quarter ended June 30 on lower provisioning and higher loan growth. The company had reported a profit after tax of Rs 153.44 crore in the same quarter of the previous fiscal. "In Q1 of [...]
Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 265.60 crore in the year-ago period, AEL said in a regulatory filing. [...]
Air conditioning and commercial refrigeration maker Blue Star Ltd on Thursday saw its consolidated net profit jump to Rs 74.35 crore in the June quarter on higher demand. The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing. Its [...]
The shares of MRF Limited, the costliest in India, reached a new 52-week high on Thursday of Rs 89,499.90. In fact, in the last five days, the stock has gained more than 6%. In the past month, the stock has added 24%. In the month of January this year, the stocks were trading at Rs [...]
Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore. The portfolio of 972 lane km has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India, the group said in a [...]
Berger Paints India Ltd on Thursday reported an increase of 80.60 per cent in consolidated net profit to Rs 253.71 crore for the first quarter ended June 30, 2022. The company had posted a net profit of Rs 140.48 crore in the April-June period a year ago, Berger Paints said in a regulatory filing. Its [...]
The shares of Macotech Developers (Lodha) tanked 8% to ₹1010 on the Bombay Stock Exchange on Thursday’s intraday trade. This happened after Ivanhoe, the real estate arm of the Canadian pension fund CDPQ, sold a 1.5 per cent stake via block deals. Macrotech Developers is one of the biggest real estate developers and it takes [...]
Pre-apply IPO Feature: Whenever a new IPO date is announced, the following behavior can be noticed amongst investors. Everyone rushes during market hours to apply for the IPO. In the heat of the moment, some make mistakes in filling in their details while others panic if their app or website becomes a wee bit slower. [...]
The Best ETF Apps: Investing is a crucial component of laying the groundwork for a secure financial future. Since there is an app for just about everything in this day and age, it stands to reason that there are a number of them available to assist you in investing. Even while the majority of investment [...]
The shares of Chennai Petroleum Corporation were trading at Rs 103 a piece in January this year. From there it has spiked up to the current level of Rs 267 thereby giving a multi-bagger return of 158.08% YTD. In the past six months, the stock has given 135% returns to its shareholders. On Thursday the [...]
Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, [...]
Balrampur Chini Mills Ltd on Thursday reported 84 per cent fall in consolidated net profit at Rs 12.38 crore for the quarter ended June. Its net profit stood at Rs 76.92 crore in the year-ago period. Total income fell to Rs 1,094.58 crore in the quarter from Rs 1,145.68 crore in the corresponding period of [...]
Adani Total Gas Ltd on Thursday reported a flat net profit for June quarter as higher gas prices ate into increased CNG and piped cooking gas sales volumes. Net profit of Rs 138 crore in April-June was unchanged from the year-ago period, the company said in a statement. The firm, which is a city gas [...]
Jewellery retailer Kalyan Jewellers India on Thursday reported a consolidated profit after tax (PAT) of Rs 107.77 crore for the quarter ended June on the back of robust momentum in both footfalls and revenue across markets. Kalyan Jewellers had posted a loss of Rs 51.30 crore during the corresponding quarter of the previous financial year, [...]
On Thursday, The Sensex was up 334.22 points or 0.57% and opened at 58,684.75, and the Nifty was up 91.60 points or 0.53% at 17,479.80. Amid the rising markets, here are a few stocks recommended by top brokerages: Godrej Agrovet Ltd Recommended by: Motilal Oswal CMP: Rs 495 Target: Rs 670 Upside: 36% Rating: Buy Dwarikesh Sugar Industries [...]
Companies split their stocks to alter their share price and outstanding shares without making changes in their operating performance or market capitalization. There are two multibagger stocks that are going to start trading ex-split this week. Inventors who are interested in corporate actions can take a look at the shares of Variman Global Enterprises Ltd and [...]
The shares of Star Health and Allied Insurance Company Limited have been on the rise in the past month. They climbed from ₹ 497.95 to ₹ 732.90 apiece levels, up 47.18%. Ace Investor Rakesh Jhunjhunwala has significant holdings in the company apart from his holdings in Titan Company Ltd. Currently, the big bull holds 100,753,935 [...]
