Latest Stock Market News

Rate this item

(1 Vote)

Promoters held 52.63 per cent stake in the company as of 30-Jun-2023, while FIIs owned 17.48 per cent, DIIs 9.95 per cent.

The revenue from operations rose about 35 per cent to Rs 1,686.5 crore in the first quarter of this fiscal, up from Rs 1,250 crore in the year-ago quarter. Sequentially, Cyient recorded a net profit rise of 3.6 per cent from Rs 163 crore, it said.

Mindspace Business Parks REIT, sponsored by K Raheja Corp group, got listed on the Indian bourses in August 2020. It owns office portfolios in four office markets -- Mumbai Region, Pune, Hyderabad, and Chennai.

The buoyant market conditions will continue, says Dipan Mehta, Director at Elixir Equities, and predicts a trend of vibrant IPOs, new listings and preferential issues. Mehta considers buybacks a way for managements to boost profits at a time when global macroeconomic trends may impact performance, but warns against investing in Tata Motors, one of the most volatile stocks on the Nifty 50, because of a break-even point for JLR that is too high, cash flow risk and difficulty with risk determination.

Rate this item

(1 Vote)

"Replacement and international business are looking good with good product - market fit. Our product performance continues to get accepted as superior across key geographies," CEAT Ltd Managing Director and Chief Executive Officer Arnab Banerjee said.

​If you look at quarter-on-quarter however, my main business, which is mutual fund distribution business, has been doing very well. And if you look at overall on a YOY basis, I think my asset under management, which has gone up by almost 35%. And we ended the June quarter at 63,000 crore.

Rate this item

(1 Vote)

The Relative Strength Index of the stock stood at 52.74 on Wednesday.

In its previous guidance, the committee had said that it will take into account the cumulative rate hikes, and the lags with which they impacted economic activities and inflation. While the rate action has been largely factored in by market participants, the forward guidance on rate trajectory is what will matter more to them.

Rate this item

(1 Vote)

The fraud was committed over a period of time and detected on July 24, 2023, Can Fin Homes said. The incident was found to be isolated to its branch in Ambala, Haryana. At 11.15 am, the stock was trading 7.8% lower at Rs 784.5 on BSE. However, the stock has surged 44% in a year-to-date.

Rate this item

(1 Vote)

Asian Paints on Tuesday reported a 52.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 1,550.37 crore. Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.