The shares of Sadhana Nitro Chem Limited gave multibagger returns of 4,434.22% in the last five years as they rose from ₹ 2.63 apiece to ₹119.25. Sadhana Nitro Chem Limited is engaged in the manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals. Further, it is engaged in the business of wireless network equipment [...]
The initial public offer of digital signature certificate provider eMudhra was subscribed 2.72 times on the last day of subscription on Tuesday. The Rs 412.79 crore-IPO got bids for 3,09,02,516 shares against 1,13,64,784 shares on offer, according to NSE data. The portion meant for Qualified Institutional Buyers (QIBs) received 4.05 times subscription, while the category [...]
Muthoot Finance on Tuesday said it will raise up to Rs 300 crore through a public issue of bonds. Announcing its 27th series of public issue of secured redeemable Non-Convertible Debentures (NCDs) of face value Rs 1,000 each, Muthoot Finance said the issue comprises base issue size of Rs 75 crore with an option to [...]
Sugar firm Balrampur Chini Mills Ltd on Tuesday reported a 2 per cent increase in its consolidated net profit at Rs 240.48 crore for the quarter ended March. Its net profit stood at Rs 235.50 crore in the year-ago period, according to a regulatory filing. Total income increased to Rs 1,291.37 crore in the fourth [...]
The Indian markets opened in the green but were moving between gains and losses on Tuesday’s choppy trade. On a global level, equities have been volatile as investors assess the outlook for monetary policy, inflation and the impact of China’s strict covid policies on the global economy. IT stocks were major contributors to the drag [...]
Aditya Birla Group firm Grasim Industries Ltd on Tuesday reported a 55.56 per cent jump in its consolidated net profit at Rs 4,070.46 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 2,616.64 crore during the January-March quarter of the previous fiscal, Grasim Industries said in a [...]
Homegrown FMCG firm Jyothy Labs Ltd on Tuesday reported a 35.41 per cent increase in its consolidated net profit to Rs 36.94 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 27.28 crore in the January-March quarter last fiscal, Jyothy Labs said in a regulatory filing. Its revenue [...]
Auto components major Minda Industries Ltd on Tuesday reported a 5 per cent decline in consolidated profit after tax at Rs 156 crore in the fourth quarter ended March. The company had posted a consolidated Profit After Tax (PAT) of Rs 164 crore in the same period of previous fiscal, Minda Industries Ltd said in [...]
India's crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday. India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according [...]
NePharmaceuticals firm Ipca Laboratories Ltd on Tuesday reported a 19 per cent decline in consolidated net profit after tax at Rs 130.23 crore in the fourth quarter ended March 2022, impacted by higher expenses. The company had posted a consolidated net profit after tax of Rs 161.34 crore in the same quarter previous fiscal, Ipca [...]
Gensol Engineering on Tuesday said its net profit rose almost four-fold to Rs 8.77 crore in the quarter ended March 31, 2022. The company had posted a net profit of Rs 2.28 crore in the corresponding quarter a year ago, the company said in a regulatory filing. Total income in the quarter rose to Rs [...]
Defence and aerospace electronics solutions provider Data Patterns (India) Ltd has clocked profit after tax for the quarter ending March 31, 2022 at Rs 61.62 crore, the company said on Tuesday. The city-based company had registered profit after tax at Rs 65.96 crore during corresponding quarter previous year. For the year ending March 31, 2022 [...]
The Rajasthan government has approved the Rajasthan Electric Vehicle Policy (REVP) to encourage EVs in the state. The government has approved an additional budget provision of Rs 40 crore for the State Goods and Services Tax (SGST) reimbursement on the purchase of such vehicles. Rajasthan Chief Minister Ashok Gehlot has approved this policy, and its [...]
Rising fuel costs and prohibitively expensive electric vehicles are making compressed natural gas (CNG) "a welcome relief and alternate fuel" for mobility for Indian consumers, according to a report by NRI (Nomura Research Institute) Consulting & Solutions. CNG vehicle sales continued to grow in FY22, rising by 55 per cent to 2,65,383 units in FY22 [...]
The Enforcement Directorate has recently recorded the statement of former NSE managing director and chief executive officer Chitra Ramkrishna, lodged inside Delhi's Tihar jail, as part of a money laundering investigation against her and others, officials said Tuesday. The proceedings for recording the statement were conducted on two occasions inside the jail. The statement has [...]
The Indian markets started in the green on Tuesday. The BSE Sensex as well as the NSE Nifty 50 started marginally higher than the previous close, tracking mixed global cues. Notably, the shares of food delivery platform Zomato Limited surged 18.49% to reach an intraday high of ₹ 67.60. The shares saw their biggest intraday [...]
As the Street has entered the F&O expiry week the Indian Equity benchmarks BSE SENSEX and NSE Nifty50 have shown an up move on Monday. Though the metal stocks have limited the upside, the other sectors have pushed the indices higher. Here is a list of shares that investors can consider buying for an upside [...]
Shares of Venus Pipes & Tubes on Tuesday opened for trade on bourses with a gain of over 3.5 per cent against the issue price of Rs 332. The stock listed at Rs 335, a rise of 2.76 per cent, on the BSE. It further gained 7.89 per cent to Rs 351.75. At the NSE, [...]
Aditya Birla Fashion and Retail Limited (ABFRL) on Tuesday said it will raise up to Rs 2,195 crore from Singapore's sovereign wealth fund GIC. The board of the Aditya Birla group firm has approved the proposal to raise Rs 2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, [...]
Karnataka government on Monday signed an MoU with Lulu Group for Rs 2,000 crore worth investments in the state as Chief Minister B S Bommai held several meetings with global business leaders here on the sidelines of the World Economic Forum Annual Meeting. The Lulu Group intends to open four shopping malls and hypermarkets. It [...]
