Latest Stock Market News

“The feeling in India is that we have not really made much money on the equity markets for this year because on an absolute level, we are just where we are but on a relative scale, we have really outperformed. What does this now mean for the future? That is something which is a question which everyone is trying to grapple with. ”

A disappointing result season sent Facebook-owner Meta Platforms stock plummeting 25%. Investors are spooked by Facebook’s costly metaverse bets and the impact of soaring inflation on ad spending. On the other hand, Amazon shares fell 17% in extended trading after the retail and technology heavyweight projected a holiday slump that would leave current-quarter sales below Wall Street estimates.

One of the biggest myths is that only those transactions which result in investors receiving the INR in their bank account are taxable, which is not true

The net income of the company surged 39.62% to Rs 4,299 crore during the quarter under review against Rs 3,079 crore in the corresponding quarter last year.The expenses increased to Rs 3,623 crore during the second quarter from Rs 2,805 crore in the year-ago period.

The rising prevalence of chronic medical conditions has led to development of various advanced medical treatments, resulting in higher demand for medical devices.Revenue from operations rose 12.8% to 1.7 billion rupees, helped by a 14.7% increase in revenue in its medical devices segment.

“We are benchmarking ourselves against Qatar Airways, Emirates, Singapore Airlines and others. The quality has to be consistent and very good – the quality of service, of product, reliability, aircraft, technology and all the things that people expect when they experience an airline. r. We are starting on that journey. We are very confident that we can do it.”

According to brokerages, strong order books within the defence and aerospace industry with global accreditations, visibility of cash flows and being well-positioned to capitalize on industry tailwinds are the biggest positives for the company.

The benchmark index closed flat on Thursday after the European Central Bank raised interest rates as expected but said "substantial" progress had already been made in its bid to fight off a historic surge in inflation.

In 2020, the company approved the buyback of up to 10 lakh equity shares at a price of Rs 1000 per share for a buyback size not over Rs 100 crore.

However, the asset management company reported an 11% rise in profit after tax (PAT) to Rs 191.68 crore for the September 2022 quarter. The company had posted a PAT of Rs 173.07 crore in the same quarter of the preceding fiscal year.