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HAL Q4 FY24 Results: Net Profit surges by 52%, stock up 10% post-earnings

HAL Q4 FY24 Results: Net Profit surges by 52%, stock up 10% post-earnings

16 May 2024

Hindustan Aeronautics Limited (HAL) is an Indian public sector aerospace and defence company, headquartered in Bangalore. Established on 23 December 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world. Hindustan Aeronautics Ltd.(HAL) has reported its Q4 FY 2023-24 results today in the live market, the stock went up …

Mahindra & Mahindra Q4 results out, Profit rises 32%, beating estimates

Mahindra & Mahindra Q4 results out, Profit rises 32%, beating estimates

16 May 2024

Mahindra & Mahindra (M&M) announced its Q4FY24 earnings today, revealing a substantial 32% increase in standalone profit, reaching Rs. 2,038 crore compared to Rs. 1,549 crore in the same period last fiscal year. Revenue from operations totaled Rs. 25,109 crore, with EBITDA rising to Rs. 3,119 crore, a 12% surge from Q4FY23’s Rs. 2,789 crore. …

Bain-Temasek Competes With Blackstone Led Group For Haldiram’s Controlling Stake

Bain-Temasek Competes With Blackstone Led Group For Haldiram’s Controlling Stake

16 May 2024

In a significant move in India’s private equity landscape, Bain Capital, in partnership with Temasek, has positioned itself to challenge Blackstone for a majority stake in Haldiram Snacks Food Pvt Ltd. This potential acquisition could mark India’s largest private equity purchase to date, sparking competition in the market. Valuation and Offer The Bain-Temasek alliance recently …

These 3 Stocks from BSE 500 Jumped Over 5% Today

These 3 Stocks from BSE 500 Jumped Over 5% Today

16 May 2024

The benchmark index S&P BSE 500 opened today at 32,913.12 and made its day high at 32,940.97, and it is trading in green today, up by around 0.20%. From the same space, these are the 3 companies which surpassed the benchmark index and were up by more than 5% today. Oberoi Realty Ltd Shares of …

Maithan Alloys Diversifies Portfolio with Strategic Acquisitions in the Defence Sector

Maithan Alloys Diversifies Portfolio with Strategic Acquisitions in the Defence Sector

16 May 2024

Maithan Alloys Limited, a prominent player in the Indian metals industry, announced the strategic acquisition of shares in two leading defence companies: Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL). This move signifies Maithan Alloys’ commitment to diversifying its investment portfolio and capitalising on long-term growth prospects within the Indian defence sector. Investment Objectives …

Best Debt Free Penny Stocks to Buy in 2024

Best Debt Free Penny Stocks to Buy in 2024

16 May 2024

Investing in penny stocks can be an exciting option for retail investors, given their low price and potential for high returns. These stocks are priced very low, often below ₹10 per share, and have high volatility. However, it’s crucial to tread carefully, as these stocks can also be risky. One way to mitigate some of …

Everything You Need To Know About Tata Group

Everything You Need To Know About Tata Group

16 May 2024

One of India’s oldest and biggest corporations, the Tata Group, was created in 1868 by Jamsetji Tata. Initially established as a trading company, Tata Group diversified into various sectors, including steel, automobiles, telecommunications, and hospitality. Tata Steel, founded in 1907, quickly became a prominent player in the global steel industry as India’s first integrated steel …

Hindustan Unilever At Delhi High Court Battling Nivea and Ponds

Hindustan Unilever At Delhi High Court Battling Nivea and Ponds

16 May 2024

Hindustan Unilever Ltd. (HUL) is a British-owned Indian FMCG(Fast Moving Consumer Goods) company headquartered in Mumbai. It is a subsidiary of the British company Unilever. The Delhi High Court has halted the FMCG Giant from pursuing comparative promotions of Ponds and Nivea that can cause potential harm to the business of Nivea. Ruling of the …

Happiest Minds and Solvio Partner for Next-Gen Salesforce Solutions

Happiest Minds and Solvio Partner for Next-Gen Salesforce Solutions

16 May 2024

On May 16, 2024, Happiest Minds Technologies Limited informed the stock exchanges about its strategic partnership with a top-tier Salesforce consulting firm, Solvio. Happiest Minds is dedicated to fostering innovation and facilitating customer achievements within key industry sectors: Manufacturing, Industrial, Healthcare & Life Sciences, Energy & Utilities, CPG & Logistics, Retail, Banking, Financial Services, and …

Schaeffler India’s LuK Campaign for NextGen Fleets

Schaeffler India’s LuK Campaign for NextGen Fleets

16 May 2024

On May 16, 2024, Schaeffler India informed the exchanges about the strategic digital campaign for its aftermarket brand LuK, focusing on clutches and drivetrain components. Known for its longevity, original equipment-matching quality, and innovation, Schaeffler’s LuK finds its path into every third car in the world. The release of the ad films signals Schaeffler India’s …

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