State Bank of India (SBI) shares will be in focus on Friday after the public sector lender reported an 84% year-on-year (YoY) rise in standalone net profit for the December quarter, reaching Rs 16,891 crore compared to Rs 9,163 crore in the same period last year. The profit exceeded Street estimates of Rs 16,219 crore….
READ MOREInfo Edge (India) on Wednesday announced that its board of directors approved a proposed split of its equity shares in the ratio of 1:5. The company disclosed this development in an exchange filing. Shares of Info Edge (India) rose 3% to Rs 7,938.9 on the BSE following the announcement, as investors welcomed the move aimed…
READ MOREITC Hotels was removed from 22 BSE indices before trading began on Wednesday, February 5. The company, which was spun off from ITC, had been temporarily included in the Sensex and other indices to facilitate portfolio rebalancing by passive funds. ITC Hotels began trading separately on 29 January. “As ITC Hotels did not hit the…
READ MORETitan shares tumbled by 2.4% to an intraday low of Rs 3,512.65 on the BSE after the consumer discretionary major reported a marginal dip (-0.6%) in its third quarter consolidated net profit to Rs 1,047 crore, even as the total income rose 25% YoY to Rs 17,723 crore. The profit before tax during the quarter…
READ MOREShares of Suzlon Energy climbed as much as 5% on Friday to reach Rs 58.15 on the BSE, extending their rally for a third consecutive session. The stock has gained nearly 16% over the past three days, driven by the company’s impressive third-quarter earnings report. The renewable energy firm reported a 90% year-on-year (YoY) jump…
READ MORETata Technologies shares tumbled 3% to their day’s low of Rs 792 on the BSE on Wednesday, January 22, after the company reported a 1% fall in its consolidated net profit for the quarter ended December 31, 2024, to Rs 169 crore versus Rs 170 crore posted in the year-ago period. The Q3FY25 revenue from…
READ MOREShares of Azad Engineering surged as much as 9.5% on Thursday to Rs 1,732.55 on the BSE after the company secured a Rs 960 crore supply deal with GE Vernova International LLC, USA, to deliver complex rotating and stationary airfoils for advanced gas turbine engines. The long-term supply agreement, valued at $112 million (approximately Rs…
READ MOREShares of Biocon Ltd climbed as much as 4.7% on Tuesday to Rs 382.05 on the BSE after brokerage firm HSBC upgraded its rating on the drugmaker to ‘buy’ from ‘reduce’ and significantly increased the target price to Rs 430, which implies a potential upside of 12.6% from the stock’s current levels. HSBC cited a…
READ MORECrude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India. Oil prices reached their highest level in over three months, driven by concerns…
READ MOREShares of Waaree Renewable Technologies continued their losing streak for the fourth consecutive session today, diving 20% in Monday’s intraday trade to hit their lower circuit at Rs 951 on the BSE. The fall in the stock was witnessed since January 8, after the company’s Chief Financial Officer (CFO) Dilip Panjwani’s resignation was announced on…
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