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Total revenue increased to Rs 637.83 crore during the third quarter of the current fiscal year compared with Rs 619.56 crore in the year-ago period.

"Retail interest in the stock market is a healthy sign. Our youngsters are finding that there are ways other than keeping money in fixed deposits; there are ways in which they can engage, however risky it might be. But one has to be a discerning investor."

Kalyan Jewellers Oct-Dec quarter profits up 16%

Updated at : 2022-02-04 22:20:03

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The jewellery chain registered revenues of Rs 3435 crore and PAT of Rs 135 crore during the Oct-Dec quarter compared to Rs 2936 crore in revenues and Rs 115 crore in PAT over the same period last year.

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Its revenue from operation was down 1.49 per cent to Rs 1,750.06 crore during the quarter under review as against Rs 1,776.62 crore.

Global markets have turned volatile lately, thanks to earnings impact and rate hike concerns. Analysts expect the trend to continue in the near future

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The Dow Jones Industrial Average was down 15.4 points, or 0.04 per cent, at the open to 35,095.74.

"For an economy of Indian complexity. we cannot be producing fancy fictions. We will definitely be pioneers in deciding, framing policies and helping the world in saying how best this can apply to all of us."

The company, in which ace investor Rakesh Jhunjhunwala held stake till December 2020, cut its FY22 revenue guidance to 14-14.5 per cent from 14.5-15.5 per cent earlier

Amol Athawale of Kotak Securities said Nifty has traded above the 50-day SMA, but is seeing profit booking near the 20-day SMA or 17,800 level.

Consequent to the cancellation of its licence, Independence Co-operative Bank is prohibited from conducting the business of ‘banking’ which includes acceptance of deposits and repayment of deposits, the banking regulator expressed.​​

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