Latest Stock Market News

Revenue from operations, meanwhile, surged 33% year-on-year (YoY) to Rs 1,462 crore for the quarter under review.

The Nifty Auto index closed 0.61 per cent down at 13154.35.

The rationale behind the split of equity shares is to enhance the liquidity of the company’s equity shares in the stock market and widen the shareholders base by making the equity shares more affordable to small investors.

The five-day event will focus on displaying indigenous equipment/technologies and forging partnerships with foreign companies.The theme of Aero India 2023 is "The Runway to a Billion Opportunities".

The Dow Jones Industrial Average rose 18.12 points, or 0.05%, at the open to 33,887.39.

For more such web stories click on the ET icon below

At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback, and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close

Retail investors offloaded stakes in largecap stocks the most in the December quarter. >> For more such web stories click on the ET icon below

“Over time, the ROE of Reliance has to improve from where it is right now and the only way they will do that is by eventually de-merging into separate businesses. Until that happens, I do not see a hope of a sudden re-rating of Reliance Industries itself. But we are holding on because we think eventually these businesses will be de-merged and individually listed and investors will make the best of all of them. ”

"On a per tonne basis, operating costs, including freight increased by 8.8 per cent y/y (year-on-year) due to a steep increase in coal, Petcoke & diesel costs. The increase was partially offset by an increase in prices resulting in EBITDA of 339 per tonne, a decrease of 44 per cent y/y," HeidelbergCement India said in its earning statement.