Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors. As per data released by the automobile dealers' body FADA on Thursday, the overall automobile retail sales last month stood at 14,36,927 units, as compared with 15,59,106 units [...]
Paradeep Phosphates has declared an income of Rs 2,435 crore from operations for the first quarter of 2022-2023 fiscal, up by 85 per cent as compared to the corresponding period of the previous year. The earnings before interest, taxes, depreciation, and amortisation was Rs 167 crore, an increase of 56 per cent as compared to [...]
Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net profit of Rs 57.09 crore for the quarter ended June, led by rising footfalls at cinema halls. The company had posted a net loss of Rs 122.28 crore in the April-June period a year ago, said Inox Leisure in a BSE filing. Its [...]
As per the Industry experts, mid-caps are able to produce better returns because they are quicker to act than large caps and more financially stable than small caps. An important metric used to analyze whether a stock is overvalued or undervalued is the Price-to-Earnings (PE) Ratio. It measures a stock's current share price relative to [...]
Private airline IndiGo on Wednesday reported a net loss of Rs 1,064 crore for the quarter ending June due to high fuel prices and a weak rupee. The Q1 loss was 66.5 per cent less than the loss incurred by the airline in the corresponding period a year ago, IndiGo said in a statement. The [...]
The total outstanding debt of state-owned National Highways Authority of India (NHAI) stood at around Rs 3.49 lakh crore as of March 31, 2022, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the fund required by NHAI for debt servicing in 2022-23, [...]
Edible oil major Adani Wilmar Ltd (AWL) on Wednesday reported a 10 per cent growth in consolidated net profit at Rs 193.59 crore for the quarter ended June on higher sales. Its net profit stood at Rs 175.70 crore in the year-ago period. Total income rose to Rs 14,783.92 crore in the first quarter of [...]
Adani Power Limited on Wednesday posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in the quarter ended June 2022, on account of growth in income. The consolidated net profit of the company in the year-ago period was at Rs 278.22 crore, according to a regulatory filing. The company's total income rose [...]
Equity benchmarks staged a comeback during the fag-end of trade on Wednesday, with the Sensex climbing over 214 points amid continuous foreign fund inflows and a largely positive trend in global markets. Buying in IT counters and Reliance Industries added to the momentum. In a volatile session, the 30-share BSE benchmark ended 214.17 points or [...]
Investment platform ICICIdirect on Wednesday said it has acquired Multipie, a web and app-based networking platform for the investor community, that allows its users to exchange ideas and share views on stocks and other securities. The transaction involves acquisition of Multipie App, technology, brand, domain name, user base and other related matters, ICICIdirect said in [...]
FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 16.56 per cent decline in its consolidated net profit at Rs 345.12 crore for the first quarter ended June 30, 2022, on account of commodity inflation and upfront marketing investments. It had posted a net profit of Rs 413.66 crore in the April-June quarter [...]
Jio Platforms, the technological arm of Reliance Industries Limited (RIL) has announced a partnership with Subex Limited for its AI Orchestration Platform, HyperSense. The shares of its new partner, Subex Limited surged 20% to ₹ 33.30 apiece and got locked at an upper circuit on Wednesday. The company’s HyperSense AI will augment Jio’s 5G product [...]
Quick service restaurant (QSR) operator Devyani International Ltd on Wednesday reported a net profit of Rs 74.76 crore for the first quarter ended June 30, 2022. The company, which is the largest franchisee of Yum Brands in India, having Pizza Hut and KFC, and Costa Coffee, had reported a net loss of Rs 33.41 crore [...]
The shares of Adani Transmission Ltd opened at Rs 3,425 on Wednesday and zoomed by 2% to reach its 52-week high of Rs 3,528. Till 12 pm on Wednesday and were trading at Rs 3,471 levels. In august 2021, the shares of Adani Transmission Ltd were trading at Rs 911 a piece. In a year [...]
The government has halved the windfall tax on the export of diesel and scrapped the levy on jet fuel (ATF) shipments but raised the tax on domestically produced crude oil. The tax on the export of diesel was cut to Rs 5 per litre from Rs 11, according to an official notification issued on Tuesday [...]
After rising 5% on Tuesday on account of clearing its dues with the Airports Authority of India (AAI), the shares of Spice Jet soared 17.92% higher on Wednesday’s early trades. They reached an intraday high of ₹ 52.30 a piece on the bourses. This happened after the Airport Authority of India said that it will release SpiceJet's [...]
The shares of S & T Corporation Limited are down by 3.6% and are trading at Rs 285 on Wednesday's session. On May 2nd this year the share was trading at Rs 36 a piece. From there it has spiked up to the current level thereby logging a multibagger return of 685% in just three [...]
Adani Green Energy Limited (AGEL) on Tuesday posted a fall of over 2 per cent in consolidated net profit at Rs 214 crore in the April-June quarter of FY23, due to higher expenses. The consolidated net profit of the company in the year-ago period was at Rs 219 crore, according to a regulatory filing. The [...]
Music label Saregama India Ltd on Tuesday reported a 51.59 per cent increase in its consolidated net profit to Rs 41.43 crore for the first quarter ended June 30, 2022. It had posted a net profit of Rs 27.33 crore in the April-June quarter last fiscal, Saregama said in a regulatory filing. Saregama's total income [...]
High taxation is limiting the growth of super luxury car sales in India and the market will remain small although the growth rate will be high, according to Automobili Lamborghini Chairman and CEO Stephan Winkelmann. The Italian super sports carmaker, which on Tuesday reported a 4.9 per cent increase in its global deliveries at 5,090 [...]
