As the southwest monsoon has hit Kerala, a few farm-related stocks are back to focus. Good monsoons tend to increase rural demand, and analysts say that if the monsoon goes well this year, one may see a lift in farm income and thus the demand especially when the food prices are rising. "Normal to good [...]
Toyota Kirloskar Motor (TKM) on Wednesday reported an over 14-fold increase in total vehicle sales to 10,216 units in May, as compared to the same month last year. The company had dispatched just 707 units to dealerships in May last year amid the second wave of the COVID-19 pandemic. "Demand continues to peak as we [...]
What are ETFs? Different types of ETFs: Exchange-Traded Fund or ETFs are passive mutual funds that aim to track the performance of a market index like NIFTY or Sensex, etc. Unlike actively managed mutual fund schemes, ETFs do not aim to beat the market benchmark index. ETFs also track the price of commodities like Gold, [...]
The shares of Adani Green Energy plunged 12.21% on Tuesday’s intraday trade, wiping off $10.6 billion in market cap. They reached a low of ₹1833.10 and a high of ₹2140.00 during the day. The shares changed 1,48,97,503 hands before they closed at ₹1888.95 apiece. The shares are currently trading at ₹1861.80 levels. In the past [...]
Bajaj Auto on Wednesday reported a marginal growth in its total vehicle sales at 2,75,868 units in May, as against 2,71,862 vehicles sold in the year-ago period. Total domestic sales, including commercial vehicles, surged 85 per cent to 1,12,308 units, as against 60,830 vehicles sold in May 2021, while exports declined 22 per cent to [...]
Shares of digital signature certificate provider eMudhra Ltd on Wednesday listed with a premium of nearly 6 per cent against the issue price of Rs 256. The stock made its debut at Rs 271, registering a gain of 5.85 per cent over the issue price on the BSE. It later jumped 8.98 per cent to [...]
The Department of Investment and Public Asset Management (DIPAM) said that the government has called off the present expression of interest (EoI) process for strategic disinvestment of state-run refiner BPCL following multiple waves of COVID-19 and the geopolitical crisis between Russia and Ukraine that affected the oil and gas industry amongst others. This happened after [...]
MG Motor India on Wednesday reported a two-fold increase in its retail sales at 4,008 units in May. The company had sold 1,016 units in the same month last year, MG Motor India said in a statement. The automaker had sold 2,008 units in April, 2022. This growth demonstrates improvement in chip availability, and the [...]
Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead. The auto major noted that the regulation would largely impact the cost-sensitive entry-level [...]
Coffee Day Global Ltd, which owns and operates popular coffee chain CCD, has posted a net profit of Rs 65.40 crore for the fourth quarter ended on March 31, 2022. It had posted a net loss of Rs 94.81 crore in the January-March quarter in FY21 and a net loss of Rs 94.81 in the [...]
IKEA India (part of the Ingka Group), Swedish home furnishings retailer, said on Tuesday it will launch its first store in the city, on June 22. The large-format store will be connected to the Nagasandra metro station, it said in a statement. IKEA India also announced Anje Heim as the Market Manager for the Karnataka [...]
The shares of a Nifty Small Cap 100 stock, Fine Organic Industries Limited reached a fresh 52-week high of ₹4798.00 on Tuesday’s early trades. The shares closed at ₹4507.70 on Monday after logging an increase of 10%. They are currently trading at 4771.00 levels, up 5.84%. Fine Organic Industries is a company in the speciality [...]
Shares of Sun Pharmaceutical Industries fell by over 4 per cent in morning trade on Tuesday a day after the company said its consolidated net loss stood at Rs 2,277 crore for the fourth quarter ended March 2022, mainly on account of a one-time exceptional loss. The company's stock declined 4.12 per cent to Rs [...]
Direct-to-home firm Dish TV India Ltd on Monday reported widening of its consolidated net loss to Rs 2,031.99 crore for the fourth quarter ended in March 2022 on account of exceptional items which include impairment charges. The company had reported a net loss of Rs 1,415.23 crore in the January-March quarter a year ago, Dish [...]
Liquor maker Radico Khaitan Ltd on Monday reported a 31.79 per cent decline in its consolidated net profit to Rs 50.15 crore for the fourth quarter ended March 2022 on account of continued commodity inflation. The company had posted a consolidated net profit of Rs 73.53 crore in the January-March quarter a year ago, Radico [...]
Goldman Sachs India Equity Portfolio acquired 41,32,211 equity shares in Paradeep Phosphates Limited via open market transactions at an average price of ₹45.95 per share. This amounts to an investment of 18.98 crores. As per a circular uploaded on BSE’s website, Goldman Sachs was among the anchor investors who invested in the shares of the [...]
Natco Pharma on Monday reported a consolidated net loss of Rs 50.5 crore in the fourth quarter ended March 2022. The company had posted a consolidated net profit of Rs 53 crore in the same quarter previous fiscal, Natco Pharma said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood [...]
State-owned SAIL on Monday said it has filed a complaint with the cyber cell of Delhi police over the circulation of several fake links in the name of steel major on various social media platforms. "It has come to our notice that multiple fake messages and links in the name of SAIL are being circulated [...]
The World Bank is planning to disburse USD 700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island nation grappling with an unprecedented economic crisis much-needed breathing space till a bailout package with the IMF is worked out, media reports said on Monday. Sri Lanka is nearing [...]
Xpro India Ltd., a Birla group conglomerate is a polymer processing company that has given multi-bagger returns over the past 2 years. The share has given 3797.73 % from the start of 3rd January 2020 till this date. The share reached its all-time high of ₹1,670 on 25th March 2022. The share closed at the [...]
