State Bank of India, India’s largest lender, revealed its financial results for the June quarter today. The company reported a remarkable net profit of Rs 16,884 crore, a staggering 178% increase compared to Rs 6,068 crore in the same quarter last year. The net interest income also exhibited strong growth, rising by 25% from Rs …
The Sensex and Nifty closed higher by 0.74% and 0.7%, respectively. Nifty Midcap and Nifty Smallcap also ended on a positive note, gaining 0.82% and 0.76%, respectively. Among the sectoral indices, Nifty Pharma, Nifty IT, and Nifty Bank were the top gainers, while Nifty FMCG, Nifty PSU Bank, and Nifty Auto were the top losers. …
Engineers India Ltd (EIL) recently reported strong quarterly results and secured a significant order, signifying a robust performance. The company’s net sales increased by 0.43%, to Rs 818.27 crore while its operating profit increased by 120.31% to Rs 164.73 crore and net profit surged by 126.02% to Rs 116.38 crore. This surge in profitability translated …
Despite mixed trends in the metal sector, one standout stock from the same industry rallied more than 21% in the current week, backed by unprecedented trading volumes of nearly 150 million shares, following the breakout of a consolidation pattern on weekly charts. Hindustan Copper Ltd. is involved in the exploration, exploitation, and mining of copper …
After a low day yesterday, the bulls of the stock market were ready for a run. Today, both the Sensex and Nifty have rebounded, registering gains of 0.71% and 0.68%, respectively. On Friday, the shares of SJVN Limited soared by 0.21%, this traction was garnered as a result of the new MOU. The Company has …
The benchmark index S&P BSE 500 opened today at 26,711.68 and made its day high at 26,813.68 and it is trading in green, up by around 0.70%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 7% today. …
The Securities and Exchange Board of India has decided to put the proposed initial public offering of National Securities Depository Ltd (NSDL) on hold. On Thursday, the market regulator SEBI announced that they have put the “issuance of observations” regarding the NSDL IPO on abeyance. Generally, when there is probable cause for investigation against the …
On Thursday, Zomato, the food delivery platform, disclosed its Q1 earnings for FY24. The company achieved a net profit of Rs 2 crore, a significant improvement from the Rs 186 crore loss in the same period last year. In FY24 during the first quarter, the consolidated revenue from operations stood at Rs 2,416 crore, a …
Adani Enterprises reported a 32.59% increase in net profit for the quarter ended June 30, 2023, to Rs 587.28 crore, compared to Rs 442.94 crore for the same quarter the previous year. However, the company’s overall income fell by 43.29% to Rs 11,649.65 crore in Q1FY24, compared to Rs 20,541.64 crore in the previous year’s …
At 10 am, the shares of Firstsource Solutions were trading at Rs 149.65, up by 3.96% from its previous closing of Rs 143.95 on the BSE. Firstsource Solutions has launched its new AI platform – FirstSenseAI – that enables companies to capture real-time customer data and use it to power intelligent, personalized interactions with instant …
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