Latest Stock Market News

Its revenue from operations was up 47.19 per cent to Rs 621.63 crore during the period under review against Rs 422.32 crore in the corresponding period of the previous fiscal, Orient Electric said in a regulatory filing.

The company has fixed August 12, 2022 as the Record Date for the purpose of determining the entitlement of the shareholders for the final dividend for 2021-22.

On the performance, Macrotech Developers Ltd MD and CEO Abhishek Lodha highlighted that the April-June period was its best-ever first quarter with Rs 2,814 crore of pre-sales from India business."With this strong start to the FY23, we are pleased that 75 per cent of the sales growth that we had forecasted for this year (Rs 1,857 crore out of Rs 2,500 crore required to grow from Rs 9,024 crore to Rs 11,500 crore) has already been delivered," Lodha said.

The Dow Jones Industrial Average fell 28 points, or 0.1%. The S&P 500 was little changed after last week’s rally, while the technology-heavy Nasdaq 100 underperformed.

Axis Bank Q1 Results: Net interest income (NII) for the quarter rose 21 per cent YoY to Rs 9,384 crore, the private lender said in a BSE filing. Net interest margin (NIM) for the quarter came in at 3.6 per cent, up 14 basis points YoY.

Be it on risk management, corporate governance, technological safeguards, investor protection practices, widening the participant base and enabling new products in the segment, Sebi has been on its toes to make India one of the top markets in terms of volume and a preferred investment jurisdiction for international investors.

The Nifty IT index closed 0.17 per cent up at 28216.0.

The company had posted a net profit of Rs 32.12 crore in the same quarter of previous year, according to a regulatory filing.Total income increased by 25.31 per cent on a consolidated basis to Rs 297.14 crore in the April-June quarter of the 2022-23 fiscal when compared with Rs 237.96 crore in the year-ago period.

“Revenue may indeed be in line, deal wins are strong and so the momentum will continue. But so long as the company cannot meet the EBIT margin guidance, there will be disappointment at the bottom line. Finally, Tech Mahindra stock has to be valued on the basis of the EPS growth.”

The negative candle had a minor upper and lower shadow. Technically, such a candle indicates a completion of recent uptrend and a beginning of short term downward correction from the high according to Nagaraj Shetti of HDFC Securities.