Inflame Appliances has started commercial production at the Hyderabad manufacturing facility with three customers who have audited and approved the facility to meet their supply needs in chimneys (kitchen appliances). Two of these are prestigious partner brands for whom the company is already manufacturing and supplying its range of kitchen appliances while the third prestigious …
On Thursday, the shares of Shriram Asset Management Company closed at its upper circuit at Rs 193.05, up by 10% from its previous closing of Rs 175.50 on the BSE. Shriram Asset Management Company (Shriram AMC) is all set to launch the Shriram Multi Asset Allocation Fund on August 18, 2023. This new fund aims …
Indian frontline indices ended the session lower, dragged down by losses in the fast-moving consumer goods (FMCG), energy, utilities and capital goods sectors. BSE Consumer Durables, on the other hand, surprised investors with gains of more than 1.5% in an otherwise weak market. Notable losses were recorded in the information technology sector, whereas shares of …
Today, the broader indices, such as Nifty50 and BSE Sensex, concluded the day in the red. The Nifty50 index opened the day at 19,450.55, nearly unchanged from the previous day’s closing level of 19,465. It eventually concluded the day at 19365, marking a decrease of 99.75 from the previous closing levels. Meanwhile, the BSE Sensex …
The trading session concluded with both the Sensex and Nifty experiencing declines of 0.59% and 0.51%, respectively. In a different turn of events, Nifty Midcap achieved a modest gain of 0.25%, while Nifty Smallcap slightly edged upwards by 0.14%. Nifty PSU Bank and Nifty Realty emerged as the sectors exhibiting the strongest performance, displaying notable …
Have you ever thought about how it feels to run a business and keep losing money every quarter? It can be really discouraging. But then, imagine while you’re getting ready to check your finances for the quarter, you find out that your business has started making a profit. How would that make you feel? I …
On August 10, 2023 during market hours and shortly before closing West Coast Papers declared its results for the quarter ended on June 30, 2023 or Q1FY24. Following the announcement, the company’s shares experienced a turnaround starting to increase and surging upto 22%. Company has reported a 32% rise in its net profit at Rs …
The benchmark index S&P BSE 500 opened today at 26,730.34 and made its day high at 26,768.94 and it is trading in red, down by around 0.16% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. …
In an effort to rank among the top cement manufacturers in the world, UltraTech Cement is aiming for a production capacity of 200 million tons per annum (MTPA). With the addition of 22.6 MTPA capacity, the company has already started working on the subsequent expansion phase. When it is finished, UltraTech will have a capacity …
Rama Steel Tubes, an iron and steel products manufacturer, has reported a strong set of financial results for the first quarter of fiscal year 2024 (Q1 FY24). The company’s revenue grew by 30% year-on-year (YoY) to Rs 312.52 crore, while its net profit jumped by 76% to Rs 7.46 crore. The company’s EBITDA (earnings before …
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