ICICI Bank's NRI customers can use their international mobile numbers for UPI-powered bill payments, online and offline transactions.
Godrej Properties delivered exceptional performance with 84 per cent YoY growth in bookings, aided by strong positive reception of new launches in both the NCR and Mumbai, Motilal Oswal said.
While the Linde India stock has given handsome returns over the past two months on potential business from supplies to semiconductor manufacturers, it remains unclear if the listed company will benefit from this opportunity
On the technical charts, the RSI of the stock stood at 48.65.
CarTrade’s operating revenue surged 51.5% to INR 145.3 Cr in the reported quarter from INR 95.9 Cr in Q4 FY23.
A total of 10,651 shares changed hands on the counter till 01:13PM (IST)
As of 31-Mar-2024, promoters held 46.64 per cent stake in the company, while FIIs held 15.91 per cent and domestic institutional investors had 1.39 per cent.
Godrej Properties shares surged 9.7% to a record high of Rs 2,816.90 on BSE. Brokerages raised target prices after a 14% YoY increase in consolidated net profit to Rs 471 crore for Q1 2024. The company achieved its highest-ever quarterly sales, with booking value at Rs 9,519 crore.
For the full financial year the revenue stood at Rs 555.23 crore recording a 30% YoY jump while the net profit was at Rs 82.13 crore which was a 103% growth.
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
European shares climbed on Monday, with investor optimism over interest rate cuts globally back to the fore, while Spanish defence and technology firm Indra jumped following a strong first-quarter profit.
A Saudi delegation arrived in Pakistan on Sunday for talks on trade and investment opportunities, particularly in the exploration and production sectors.
Shares of Avenue Supermarts traded lackluster after a 22% year-on-year (YoY) jump in its March quarter net profit failed to impress Dalal Street investors.
Marico's Q4 FY24 expected to show flat value growth, with net profit of ₹322 crore and revenue growth of 1.5%.
A total of 2,590 shares changed hands on the counter till 12:12PM (IST)
It is better to go for Sterling and Wilson Renewable Energy Ltd compared to these two (Suzlon and Inox Wind) companies, the market expert suggested. SW Solar shares jumped 5 per cent today to hit their one-year high level of Rs 714.55.
Datamatics Global Services to announce Q4FY24 results on 8th May, 2024; Earnings Call to be held on 9th May at 4:00 PM ...
Shares of PSU financers PFC, REC, and IREDA tumbled up to 12% today as RBI raised provisioning requirements during the construction phase of projects from 0.4% to 5.0%. CLSA mentioned that while it doesn't anticipate an impact on the profit and loss account of PFC and REC, it could affect capital adequacy.
The stock quoted a 52-week high price of Rs 1560.3 and low of Rs 715.5.
Market update: NSE Nifty and BSE Sensex fluctuate, with Nifty down and Sensex up, advising cautious trading strategies.
China’s current equity market capitalisation is double that of India, at a time when it’s GDP is 5 times that of Indian GDP.
The NSE Nifty index was trading 18.66 points up at 22494.5
A total of 98,986 shares changed hands on the counter till 11:21AM (IST)
Tata Tech reported its quarterly earnings for the second time on 3rd May wherein their net profit stood at Rs 157.24 crore for the quarter ended March 2024, which was down 27% on a year-on-year basis while the consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% YoY.
Shares of PFC plunged 12.40 per cent to hit a low of Rs 420.85 on BSE. REC shaes were down 5.58 per cent at Rs 526.55. The IREDA stock slipped 3.73 per cent to Rs 172.90.
PSU bank stocks, including Canara Bank, Punjab National Bank, and Bank of Baroda, plunged up to 6% due to RBI's draft circular proposing stricter project financing guidelines.
To expand its portfolio, Aravind Maiya, Chief Executive Officer of Embassy REIT, said the company is constructing 6.1 million (61 lakh) square feet of premium office space in Bengaluru to cater to rising demand from global capability centres (GCCs) and also domestic players.
Shares of REC slipped over 11% from record high in early deals on Monday amid a rally in the broader markets. REC stock, which touched a record high of Rs 539.85 on May 3 slipped to Rs 501.90 today, losing 11.48% during the period. REC shares hit the lower circuit of 10% to Rs 501.90 on BSE today. Market cap of the firm fell to Rs 1.32 lakh crore. REC Limited stock opened lower at Rs 531.10 today.
In the Nifty pack, 24 stocks were trading in the green, while 26 stocks were trading in the red.
The NSE Nifty index was trading 15.5 points up at 22491.35
Tata Power shares fell 2.43 per cent to hit a low of Rs 443.55 on BSE. The company's arm Tata Power Renewable Energy has signed a PPA with SJVN Limited to set up 460 MW firm and dispatchable renewable energy projects.
Kotak Mahindra Bank's digital banking business is expected to see a significant dent in its profit-before-tax (PBT) by INR 300-450 Cr in FY25
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
SBI would probably downsell portions of the Rs 17000 crore loan to other banks. It is expected that the first phase of the Adani Petrochemicals pant is expected to be completed by 2026.
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Monday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list: On Radar
Titan Company, Adani Ports SEZ, SBI, Adani Ent. and Coal India Ltd were among the top losers on NSE.
The Nifty Pharma index was trading 0.06 per cent up at 19145.65.
India Business News: Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday on the back of positive global cues. While
Bank Nifty prediction for May 6, 2024: Bears to gain traction, sell futures
INVESTORS PRESENTATION FINANCIAL RESULTS Q4 - FY 2023-24 May 04, 2024 Page...
Anand James advises on Nifty IT index oversold zone pull back due to seasonality. Stocks like TCS, Infosys, Wipro, Tech Mahindra, Mphasis may lead the rebound. Watch for dead cat bounce risk, short covering rallies, and potential breakout signals in PSU stocks. James says: "Should Nifty Bank manage to push above 49100, one could brace for short covering rallies with eyes on 49500 in initially."
Sneha Poddar believes that our economy is undergoing a mini-Goldilocks moment as a result of strong macroeconomic conditions, healthy corporate earnings, peaking of interest rates and current policy momentum.
The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.
Keep track of stock market live updates with GIFT Nifty trading near 22,700.
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%.
Welcome to the Sun Pharmaceutical Industries Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on Sun Pharmaceutical Industries stock, including: Last traded price 1518.0, Market capitalization: 361915.69, Volume: 2369, Price-to-earnings ratio 40.03, Earnings per share 37.12. Get a holistic view of Sun Pharmaceutical Industries with our expert insights into both fundamental and technical indicators. Stay ahead of the curve as we bring you breaking news that can impact the stock's performance. Whether you're a seasoned investor or a curious market enthusiast, rely on us to provide you with valuable information and informed recommendations. Join us on this journey as Sun Pharmaceutical Industries thrives in the ever-changing market landscape. The data points are updated as on 06-05-2024 09:13 IST
Welcome to the HCL Technologies Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of HCL Technologies, including: Last traded price 1358.0, Market capitalization: 365747.78, Volume: 7962, Price-to-earnings ratio 25.57, Earnings per share 57.86. Get a complete picture of HCL Technologies's performance through our comprehensive blend of fundamental and technical indicators. Stay informed about breaking news that can influence the stock's trajectory. Our liveblog equips you with the knowledge and insights needed to make confident investment decisions. Don't miss out on the latest updates as HCL Technologies continues to make waves in the market. The data points are updated as on 06-05-2024 09:13 IST
The stocks that saw an improvement in experts’ perspectives can prove valuable investment bets.
Happy Monday! In the absence of central governments self-regulatory mechanisms, states are framing laws for online real money gaming. This and more in today's ETtech Morning Dispatch.
Buzzing Stocks Today, Stocks that will see action today: May 06, 2024 - Paytm, Adani Ports, REC, M&M FInancial, Aptus Housing, CDSL, Yes Bank, Godrej Properties, M&M, Tata Motors, Cipla, Glenmark, Bajaj Finance, Ujjivan Small Finance Bank, Zydus Lifesciences
"We expect the market to consolidate in a broader range and base to gradually shift higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Shares of Godrej Consumer, Lupin, Indian Bank, and Marico will be in focus today as the companies will announce their quarterly results.
The expected reduction in interest rates has been delayed, which is different from what was anticipated earlier this year. Experts now predict a slower and less substantial decrease. This has consequences for bond market investments.
The Nifty Healthcare Index is a sectoral index that tracks companies from Indias healthcare sector.
Business News: Chennai: In one of the largest sale of bad loans, state-owned Indian Overseas Bank has announced the sale of 92 NPA loans with a collective value of R.
Ten companies, including these three, accounted for 33% of the total spends on CSR in FY23, according to data shared exclusively with ET by primeinfobase.com, an initiative of Prime Database Group.
Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023.
Indian shares declined on Friday, as profit booking emerged after the Nifty 50 scaled a record high, trimming weekly gains for the blue-chip indices
Indian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strategies include Securitisation, Compromise Settlement, Asset Reconstruction, with e-auction on May 28, details on www.iob.in.
Belstar Microfinance plans a Rs 1,300 crore IPO with fresh equity shares and OFS. MAJ Invest, Danish asset management firm, and Muthoot Finance's stake highlighted. Proceeds for future capital requirements and reported profit in December 2023.
The surge protection devices market size was valued at USD 3.3 Billion in 2023 and is expected to reach a market size of USD 7.9 Billion by 2032 at a CAGR...
On Friday, the 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 after soaring 484.07 points. From its intra-day high of 75,095.18, the benchmark tanked 1,627.45 points to the day's low of 73,467.73.
Highlighting the need for restructuring, Suzlon Energy said that the amalgamation would result in simplified group structure to further improve transparency.
Spot gold closed $2 down at $2301 in a highly volatile market Friday. US nonfarm payroll and ISM services data fell short of forecast; however, inflationary pressure continues to build up.
"With general elections in full swing in India, foreign investors have adopted a wait and watch approach, until the election results are out," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said.
Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become "the growth industry of all time."
Nifty ended higher last week with banking sector influence. Positive sectors, except IT. Rising VIX hints at volatility. FPI flows, US bond yields, Indian economy critical. Technical analysis, IPO calendar impact sentiment.
Golkonda Aluminium Extrusions Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported revenue was INR 1.31 million compared to INR...
In this article, we will look at 20 countries with the highest annual GDP growth in the world.
IITs and IIMs, including IIT Madras and IIM Calcutta, prioritize inclusivity by supporting students with disabilities like Sachin Kumar. Through various initiatives and collaborations, these institutes strive to create an accommodating and diverse learning environment.
4th May 2024 To, BSE Limited, Phiroze Jeejeebhoy Towers, ...
Tata Power Renewable Energy Limited Signs PPA with SJVN Limited to set up 460 MW Firm and Dispatchable Renewable Energy Project Plant to generate...
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Perion To...
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
PM Modi's success in India's last two terms point to a promising equity performance for the next five years.
NEW YORK, May 04, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Perion Network...
Golkonda Aluminium Extrusions Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported revenue was INR 19.96 million compared to INR 13.32...
Avenue Supermarts Q4 Results: On DMart's brick-and-mortar business and overall performance, Neville Noronha, CEO and managing director said, “We ended the year with growth across key financial parameters of Revenue, EBITDA and PAT. Two years and older DMart stores grew by 9.9 per cent during FY 2024 as compared to FY 2023.
Birla Corporation Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was INR 96,627.2 million compared to INR 86,822.7 million a...
Kansai Nerolac Paints Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported sales was INR 17,693.9 million compared to INR...
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: 3001 6600...
LCRD / ERNAKULAM DIVISION EKMLCRD/LPM/EKMA/SAR-3362//2024 ...
Presentation Operator MessageOperator Ladies and gentlemen, good day, and welcome to the Kotak Mahindra Bank Q4 FY '24 Earnings Conference Call. [Operator Instructions] Please note that this...
Central banks globally increase gold reserves by 290 tonnes in March quarter, boosting overall gold demand.
IDBI Bank Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported net income was INR 16,649.2 million compared to INR 12,168.1...
One should use this volatility to buy and accumulate good quality stocks in this decline. We are optimistic that we could again resume the uptrend and possible target for May series could be towards 23,000 to 23,200, says Rajesh Palviya, Axis Securities.
Central Depository Services Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was INR 8,122.57 million compared to INR 5,550.87...
Avenue Supermarts Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was INR 507,888.3 million compared to INR 428,395.6 million a...
INDIA KOTAK MAHINDRA BANK CEO: WILL DOUBLE UP EFFORTS, PUT FAR MORE RESOURCES TO STRENGTHEN IT INFRASTRUCTURE ...
INDIA KOTAK MAHINDRA BANK CEO: KVS MANIAN HAD ASPIRATIONS ELSEWHERE IN THE FINANCIAL SERVICES SECTOR, DID NOT WANT HIM TO HAVE A CONFLICT OF INTEREST ...
The Big Story in bl.portfolio dated March 3, 2024, delved into the significance of statistical measures in investment decisions, stressing the crucial role of risk management for sustained success, as highlighted by Howard Marks of Oaktree Capital Management. Marks emphasized the need for constant risk control in investment strategies to safeguard capital from significant losses. The article presented five statistical tools for assessing and managing portfolio risk, including the Coefficient of Variation (CV), which compares volatility to average return, and the Sharpe and Sortino Ratios, which evaluate risk-adjusted returns. These tools provide investors with valuable insights into the risk-return relationship, enabling them to generate sustainable returns over the long term.
INDIA KOTAK MAHINDRA BANK CEO: IF BANK GETS OUT OF RBI EMBARGO IN A REASONABLE TIMEFRAME, IMPACT ON BUSINESS WILL BE RELATIVELY SMALL ...
IBBI marks 2023-24 as significant, NCLT sees 43% more resolutions. 'Mediation' in IBC, prepack insolvency for large corp. Outputs surpass inputs, reducing pendency. Emphasis on MSMEs, asset quality, debtor-creditor collaboration.
1 Loan Collection & Recovery Department -Mumbai Division BBYO/BBYREG/BBYT/SALE...
Nila Infrastructures Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported sales was INR 867.46 million compared to INR 431.54...
IDBI Bank's gross NPA ratio improved to 4.53% as against 6.38% YoY while net NPA ratio also improved to 0.34% vs 0.92% YoY..The lender has announced a dividend of Rs 1.50 per share which will be will be paid on approval by shareholders at the ensuing Annual General Meeting (AGM) of the bank.
Kotak Mahindra Bank Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported net income was INR 53,372 million compared to INR...
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year.
The Anup Engineering Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported sales was INR 1,569.22 million compared to INR 1,441.74...
Kotak Mahindra Bank Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported net income was INR 182,132.1 million compared to INR 149,250.1...