Market Updates - Angel One

Bharti Airtel is expected to outperform its rivals in terms of revenue market share in the coming quarters due to a combination of tariff hikes and SIM consolidation. The company’s mobile revenues grew at a robust rate of 6% in the December quarter. This was significantly higher than the 3.3% growth recorded by its rivals, …

Today, the six-member monetary policy committee of the Reserve Bank of India (RBI) had gathered for a meeting. This was the first MPC meeting of 2022 and the interest rates remained unchanged. The RBI maintained its stance over the reduced rates of interest for the tenth time in a row. The target inflation rates and …

On Wednesday, Som Prakash, the Union Minister of State, Commerce and Industry announced that the total Foreign Direct Investment (FDI) received by India in the last five years has almost reached the mark of $340 billion. The global inflows have increased significantly over the years. From USD 45.15 billion in 2014-15 to over USD 81.97 …

Jindal Steel & Power Ltd. (JSPL) has announced its Quarter 3 Results for FY 22, and there were surprises as the year has been a moderately unsuccessful one for this company. Despite being one of the biggest players in the private sector steel manufacturing industry, this company missed its estimated values for the quarter. For …

On Tuesday, 8 February 2022, IRCTC (Indian Railway Catering and Tourism Corporation) reported a whopping growth in its 3rd quarter income with consolidated net profit increasing 32% sequentially and 167.4% on-year on account of a low base during Q3 FY 2022. Go through this blog to get the intricate details! Know About IRCTC’s Revenue! Revenue …

Bata India published its December quarter earnings on Tuesday, 8 February 2022. The company reported a nearly 3 times increase in its net profit, which reached Rs. 72.32 crores for Q3 of FY 2022. In its BSE filing, Bata India mentioned that it witnessed a net profit of Rs. 26.41 crores during the previous year’s …

Cement company ACC reported a 40.5 percent drop in consolidated profit for the quarter ended December 2021, to Rs 280.85 crore, as depressed cement demand, supply chain interruptions, and a rise in fuel costs impacted profitability. In the previous fiscal year, the consolidated profit was Rs 472.44 crore. The business stated in a BSE filing …

Leading FMCG food firm, Adani Wilmar, makes a quiet debut on Tuesday, 8 February 2022─ listing the stocks with a 4% discount on the issue price prior to stepping up 7%. Keep scrolling to know the details! Get an Insight into the Stock Listing of Adani Wilmar! On Tuesday, 8 February 2022, the stock of …

A slew of companies has released their Q3 results in the new year. State-owned Union Bank of India also made its third-quarter results public on Monday, 7 February 2022. Therefore, on that note, let’s take a closer look at the details of the Q3 FY 2022 results of Union Bank of India. Read on! Key …

On Monday, 7 February 2022, Central Depository Services Ltd (CDSL) reported a consolidated net profit of Rs. 83.63 crores for the third quarter of FY 2022 ended on 31 December 2021. It has jumped 55% from Rs. 54.03 crores net profit during the same quarter of FY 20. Keep scrolling to get the details! What …