Latest Stock Market News

Rate this item

(1 Vote)

Overall loan book grew 26% year on year, to Rs 57,839 crore with total disbursements at Rs 8,039 crore during the quarter up 3.1 times over previous year. Net interest margins, of the difference between the yield earned on loans and that paid for funds, rose 33 basis points to 6.47%. One basis point is 0.01 percentage point.

Adani Power profit jumps 17 times to Rs 4,780 crore

Updated at : 2022-08-03 19:45:02

Rate this item

(1 Vote)

Consolidated Ebitda or operating profit came in at ₹7,506 crore against ₹2,292 crore in the year-ago period, a rise of 227%, which includes prior period revenue recognition of ₹4,212 crore vs ₹657 crore during the respective periods, the company said in a BSE filing.

The attacker somehow obtained the ability to sign (initiate and approve) transactions on the behalf of users, suggesting a trusted third-party service may have been compromised in a so-called supply chain attack.Following the hack, Solana plunged about 10 per cent to $38.28 level on Wednesday. However, the volumes rose 75 per cent as the tokens worth $1.91 billion exchanged hands in the last 24 hours, the coinmarketcap data suggested.

"Raw materials remain inflationary, and we expect a pricing action of 10 per cent YoY. We expect consumption to have contracted somewhat due to price hikes with rural affected more than urban. Overall, we expect Ebitda margin to fall this quarter by 130bp YoY and by 50 basis points QoQ due to inflation," Edelweiss said.

Rate this item

(1 Vote)

Adani Enterprises, which is the flagship company of Adani Group, is now the 18th most valued stock on BSE. The counter has been an outperformer by delivering a return of 58 per cent on a year-to-date basis. In the last five years, the stock has proved to be a multibagger with a mind-blowing rally of 1,867 per cent.

“Junk equities are characterised by the four Ls. L number one is highly loss making companies. That is where the biggest pain has been as you have seen, especially in the new IPO market where a lot of companies that do not make money have crashed. The second L is highly leveraged companies.”

Rate this item

(1 Vote)

“It is marginally away from its subsequent target of 17,500, which is 78.6 per cent retracement of the April-June decline. Once that is tested then the Nifty50 is expected to step into a short term consolidation mode,” Ratnaparkhi said.For the day, the index closed at 17,388.15, up 42.70 points or 0.25 per cent.

The brokerage firm believes that the company’s strong margin profile, lean working capital, healthy cash flows, balance sheet and long-term growth prospects will support its valuations and future projections. Given the strong enquiry pipeline, management’s focus on cost rationalization, and improving operational efficiency, it expects the company to generate revenue.

>> For more such web stories click on the ET icon below

Rate this item

(1 Vote)

BSE said that its average daily turnover in the equity segment decreased by 28 per cent to Rs 4,057 crore as compared to the corresponding period last year while in the equity derivatives segment decreased by 62 per cent YoY to Rs 1.2 lakh crore.The total number of investor accounts registered with BSE has more than doubled in the last two years to over 11 crores.

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