Despite the recovery in Indian stock indices, as many as 30 per cent of stocks from the BSE 500 and BSE MidCap indices are still below their respective June 4 levels, when markets had witnessed a sharp fall after election results. This includes 159 stocks in the BSE 500 and 41 in the BSE MidCap […]
30% BSE 500 and MidCap Stocks Yet to Recover from June 4 Drop Despite Market Rebound Read More »
Trent Limited, part of the Tata Group, posted a more than doubling of consolidated net profit for Q1 FY25 to Rs 392.60 crore as against Rs 173.48 crore for April-June quarter of this financial year. The results were far ahead of market estimates. The topline growth of the company stood at 56 per cent at
Trent Q1 FY25 Results: Net Profit Surges 126% to Rs 393 Crore Read More »
Suzlon Energy crossed the Rs 1 lakh crore market capitalization mark as its shares remained on an intra-day bull run. Shares of the company rose 3.3% to a fresh 52-week high of Rs 75.39 on Friday, amid heavy trading volumes on the NSE. Nearly 5.83 crore shares worth Rs 433.5 crore changed hands. At 11:14
Suzlon Energy Achieves Rs 1 Lakh Crore Market Cap as Shares Surge 37% Post-Q1 Results Read More »
Shares of NBCC Ltd jumped 7 percent on August 9 after the company announced it had received a substantial order worth Rs 15,000 crore from the Srinagar Development Authority (SDA). The project involves the development of a Satellite Township spread over 406 acres at Rakh-e-Gund Akshah in Bemina, Srinagar, Jammu & Kashmir. According to the
Bharat Forge has received board approval to raise up to Rs 2,000 crore through the issuance of shares and debt, as the company reports mixed results for the first quarter of FY25. In Q1, Bharat Forge experienced a 13.5% decline in net profit, dropping to Rs 269.4 crore from Rs 312 crore in the same
Bharat Forge Board Approves Rs 2,000 Crore Fundraising Amid Mixed Q1 Results Read More »
During the latest Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das announced that the Reserve Bank of India (RBI) will maintain the repo rate at 6.5%. This decision continues a trend seen over the last eight reviews since February 2023, indicating a cautious approach in light of rising inflation, particularly within the volatile food
RBI Keeps Repo Rate Unchanged at 6.5% Amid Inflation Concerns Read More »
On August 8, shares worth ₹236 crore of Protean eGov Tech were sold in a block deal, with Standard Chartered Bank likely being the seller. Approximately 12 lakh shares, representing a 3.2 percent stake in the IT solutions provider, changed hands at a floor price of ₹1,805 per share, which is a 3 percent discount
Standard Chartered Likely Exits Protean eGov Tech with ₹236 Crore Block Deal Read More »
Symphony Ltd announced its buyback programme of up to Rs 71.40 crore and an interim dividend of Rs 1 per share for all eligible shareholders. The buyback price is fixed at ₹2,500 per share, about 71 per cent higher than Tuesday’s closing price. “The Board of Directors has considered and approved the following in their
Symphony Announces Rs 71.4 Crore Buyback and Interim Dividend; Sets Record Date Read More »
The deepest area of the political crisis in Bangladesh is blowing its shockwaves toward the global textile industry. Violent protests and the stepping down of the Prime Minister make many people fear for the future of Bangladesh’s garment sector. This uncertainty has sent Indian textile stocks surging. Stocks of Gokaldas Exports, Century Enka, and SP
Bangladesh Crisis Sparks 20% Rally in Indian Textile Stocks Read More »
Recent global market sell-off can be attributed mainly to the sharp fluctuations in the Japanese Yen. The yen was at 165 Yen per USD two weeks ago. For over more than 30 years now, Japan has maintained zero interest rates on even loans, thereby encouraging many financial institutions around the world to borrow heavily from
Global Market Sell-Off Driven by Japanese Yen Fluctuations Read More »
