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PI Industries shares down 1.03% as Nifty gains

Updated at : 2022-08-08 14:25:02

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The stock quoted a 52-week high price of Rs 3533.3 and low of Rs 2334.35.

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As of 30-Jun-2022, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 7.07 per cent.

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Paytm is confident of achieving operating profitability by September 2023 quarter. Loan disbursals through Paytm saw a 779 per cent YoY growth to Rs 5,554 crore.Shares of Paytm have rallied more than 60 per cent in less than three months, from its 52-week low of Rs 511. However, the stock is still 62 per cent below its issue price of Rs 2,150.

Morgan Stanley maintained its overweight rating on Titan Company post the June quarter results with a target price of Rs 2621 which translates into an upside of 7 per cent from Rs 2432 recorded on 5 August.The company reported a healthy blend of growth and profitability and Q1 was ahead of estimates and consensus, it said.

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The 10-year U.S Treasury yield jumped 16 basis points on Friday as stronger U.S. economic data strengthened bets of a 75 basis points rate hike by the Federal Reserve in September.

SoftBank posts $23 bln loss in first quarter

Updated at : 2022-08-08 13:30:01

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That compared with profit of 761.5 billion yen in the same period a year earlier. ($1 = 135.2000 yen)

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As of 30-Jun-2022, promoters held 51.5 per cent stake in the company, while FIIs held 8.19 per cent and domestic institutional investors had 2.48 per cent.

Another brokerage firm, Edelweiss, has also maintained its buy rating on Nykaa but has trimmed its target price to Rs 1,743 from Rs 1,859 earlier, baking in a higher cost of capital and stiff competition as the key risks for the valuations.

L&T Infotech shares drop 0.35% as Sensex rises

Updated at : 2022-08-08 13:30:01

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The stock quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3733.25.

IRB Infra shares zoom 6% post strong Q1 show

Updated at : 2022-08-08 13:30:01

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The company on Friday reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. It had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.

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