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 […]
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The Indian market has been exceptionally volatile in the month of May. After falling over 3 percent in the first half, it rebounded a bit and is now down around 0.4 percent this month. The volatility has been attributed to some concerns surrounding the election results as well as the […]
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 […]
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% […]
In May, the Indian market reversed its upward trend of three consecutive months, experiencing a downturn. This shift is attributed to several factors, including rising US bond yields, continued foreign investor outflows, and investor apprehension over global uncertainties amidst the Lok Sabha elections. Amid the uncertainties domestic brokerage house ICICI […]
Once a penny stock, Rajnish Retail has given multibagger returns in the long term. The stock has skyrocketed 1101 percent in the last one year from ₹7.51 in May 2023 to touch its record high of ₹90.19 in intra-day deals today. In the last 5 years as well, the stock […]
Brokerage house DART believes that Aurum PropTech (AURUM), is one such new-age technology company, that will emerge as an influential game changer in India’s solid proptech growth momentum. It has initiated coverage on the stock with a ‘BUY’ rating and DCF-based target price of ₹250, implying an over 68 percent […]
Meanwhile, it has soared over 743 percent in the last one year. This recent surge has led to the stock soaring over 849 percent from its 52-week low of ₹17.40, hit on July 21, 2023. This year so far, the scrip has given positive returns in 4 of the 5 […]
Top News SEBI has issued a circular that standardised a periodic reporting format for Investment Advisers (IAs) to submit information regarding their activities on half-yearly periods basis on September 30 and March 31 of every financial year. NSE and BSE are conducting a special session for live trading on May […]
Hire a wealth manager, and one of their first tasks will be to work out your attitude to risk. If you are not sure exactly what this means, the questions are unlikely to help. They range from the inane (“How do you think a friend who knows you well would […]