Chemicals firm IEL has given exceptional returns to its long-term investors. The scrip has soared 4900 percent in the last 4 years, from ₹0.14 in May 2020 to ₹7 currently. However, it has witnessed strong correction in the last one year and in 2024 YTD (year-to-date) as well. The stock […]
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Sequentially, net profit soared 394.8%, with the previous quarter’s profit at ₹23 crore. Revenue from operations for the reporting quarter rose by 27.2% YoY to ₹1,699.2 crore, while EBITDA increased by 96.3% YoY to ₹150.1 crore. For the full FY24, the company reported a PAT of ₹163.8 crore and a […]
The Indian equity market appears to be exhibiting a sense of benevolence or complacency, as fundamental issues like market size and profitability are being sidelined in favor of an obsession with growth narratives, observed Kotak Institutional Equities. In the current scenario, it pointed out that valuation methodologies have low or […]
The Indian stock market investors on Tuesday complained on social media platform X that Central Depository Services India (CDSL) was down and they were unable to sell the stocks. Many traders faced problems during verifying sell order with TPIN. Brokerage firms Upstox and Zerodha replied their users that the issue […]
The Navratna Defense PSU reported a 30% increase in consolidated net profit, totaling ₹1,797 crore compared to ₹1,382 crore in the same period last year. Revenue from operations for the quarter grew by 32.18% year-on-year to ₹8,564 crore. For the full fiscal year (FY24), the company reported consolidated revenue from […]
Go Digit IPO allotment date is today, May 21. The public issue opened for subscription on May 15 and closed on May 17. Go Digit IPO listing date is May 23 and the company’s shares will be listed on both the stock exchanges, BSE and NSE. Investors can check Go […]
The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such […]
Nestle India share price rallied over 3% on Saturday after the company’s shareholders rejected a proposal to increase the royalty payments to its Swiss parent. Nestle India share price gained as much as 3.01% to ₹2,518.95 apiece on the BSE. According to a stock exchange filing, about 70.8% of public […]
Top News India’s foreign exchange reserves (Forex) increased by USD 2.56 billion to reach USD 644.15 Billion for the week ending May 10. Shares of Indegene got listed at a premium of 45% over issue price of ₹452 and shares of TBO Tek got listed at a premium of 55% […]
Zee share price rallied over 3% in early trade on May 18 after the company reported its Q4 results, posting net profit during the quarter as against a loss in the year-ago period. Zee shares jumped as much as 4.66% to ₹141.25 apiece on the BSE. Zee Entertainment Enterprises reported […]