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Upper Circuit Stocks Today – Stocks Locked in Upper Circuit on 16 August, 2023

Upper Circuit Stocks Today – Stocks Locked in Upper Circuit on 16 August, 2023

16 August 2023

On Wednesday, the benchmark indices were trading red, with Sensex down around 87 points or 0.13% at 65,316 and the Nifty-50 down around 41 points or 0.21% at 19,394. About 1,808 shares have advanced, 1,536 declined, and 158 are unchanged on the BSE. Top gainers and losers on BSE Sensex Index are as follows: The …

ITC Q1 Results: Profit rises 18% YoY to Rs 4,903 cr, beats estimates

ITC Q1 Results: Profit rises 18% YoY to Rs 4,903 cr, beats estimates

16 August 2023

ITC Ltd has announced its financial results for the first quarter of the fiscal year ending in June 2024 on 14 August.  During the quarter ending in June, the company witnessed a 7.2% year-on-year decline in its revenue from operations, amounting to Rs 16,995.49 crores, down from Rs 18,320.16 crore in Q1FY23. The total income …

Aurobindo Pharma Hits 52-Week High on Strong Q1FY24 Earnings

Aurobindo Pharma Hits 52-Week High on Strong Q1FY24 Earnings

14 August 2023

Aurobindo Pharma has reported results for the first quarter ended June 30, 2023, or Q1FY24 on August 12, 2023. The company has reported an over 2-fold jump in its net profit at Rs 335.95 crore for the quarter under review as compared to Rs 122.16 crore for the same quarter in the previous year. The …

Top chemical companies in India in terms of revenue and profits

Top chemical companies in India in terms of revenue and profits

14 August 2023

The Indian chemical industry serves as a fundamental pillar for a multitude of sectors, providing essential materials for textiles, paper, paints, soaps, detergents, pharmaceuticals, and agrochemicals. With global prominence, India ranks as the 6th largest chemical producer worldwide and holds the 3rd spot in Asia, backed by its 14th position in chemical exports. The country’s …

Penny stocks to watch out for Wednesday, 16 August 2023

Penny stocks to watch out for Wednesday, 16 August 2023

14 August 2023

The Sensex has concluded the trading session positively, achieving a modest rise of 0.12%. Similarly, Nifty has secured marginal gains, closing with a slight increase of 0.032%. Within the Nifty spectrum, the Nifty Midcap has undergone a decrease, closing lower by 0.17%. In contrast, the Nifty Smallcap has faced a more substantial decline, concluding the …

Varun Beverages: A resilient rise and a promising breakout on the horizon

Varun Beverages: A resilient rise and a promising breakout on the horizon

14 August 2023

Varun Beverages Ltd, a prominent force in the FMCG sector, has exhibited impressive resilience, marking a remarkable surge of more than 3.78%. This surge has positioned the company just above a significant “continuation pattern” breakout trendline. Varun Beverages Ltd. is a major player in the manufacturing and sale of beverages, encompassing carbonated soft drinks, non-carbonated …

Dark horse stock of the day: Skipper Ltd jumps 20% in a falling market

Dark horse stock of the day: Skipper Ltd jumps 20% in a falling market

14 August 2023

Shares of Skipper Limited witnessed a significant surge today. The stock commenced trading at Rs 175, marking a 3.5% increase compared to the previous day’s closing price of Rs 169.15. Throughout the intraday session, the stock exhibited a remarkable 20% surge accompanied by significant trading volume.  Upon scrutinising today’s share volumes, it becomes apparent that …

SBI became the most profitable company this quarter, surpassing Reliance Industries

SBI became the most profitable company this quarter, surpassing Reliance Industries

14 August 2023

The announcement of June quarter results has almost come to an end. If we check the BSE calendar, today is the last day for companies to declare their quarterly revenue.  Everyone knows that Reliance Industries, the biggest conglomerate in India, is the largest company in terms of market capitalization and profitability. Surprisingly, this quarter, the …

ONGC Q1 Results: Consolidated Net Profit Skyrockets by Over 130%

ONGC Q1 Results: Consolidated Net Profit Skyrockets by Over 130%

14 August 2023

Oil and Natural Gas Corporation (ONGC) has reported a 34.14% fall in its net profit at Rs 10,015.04 crore for the quarter ended June 30, 2023, as compared to Rs 15,205.85 crore for the same quarter in the previous year. The total income of the company decreased by 17.76% at Rs 35,426.18 crore for Q1FY24 …

Siyaram Silk Mills announces buy back at Rs 650 per share; details inside

Siyaram Silk Mills announces buy back at Rs 650 per share; details inside

14 August 2023

Siyaram Silk Mills Limited has taken a significant leap in its financial strategy as approved by the Board of Directors, initiating a buy-back plan for 16,61,530 equity shares.   The total worth of this buyback action is Rs 107,99,94,500, with a share price of Rs 650, accounting for approximately 3.54% of the company’s overall shares.  This …

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