HDFC AMC – Quarterly Results After the market closed yesterday, HDFC Asset Management Company Ltd (HDFC AMC) announced its financial results for the quarter ending September 30, 2023. In Q2FY24 on a consolidated basis company recorded a robust financial performance with a significant 19.97% year-on-year increase in net profit reaching Rs 436.52 crore compared to …
The benchmark index S&P BSE 500 opened today at 27,650.94 and made its day high at 27,665.90 and it is trading in green today, up by more than 0.20%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than …
The Sensex and Nifty are both trading with marginal declines, whereas the Nifty Midcap has posted a marginal gain of 0.22%. Additionally, the Nifty Smallcap is displaying a moderate growth of 0.61%. In terms of sector performance, Nifty Media, Nifty Energy, and Nifty Auto have emerged as the leading sectors with robust gains. In contrast, …
India’s plans to auction its newly discovered lithium blocks, estimated at a substantial 5.9 million tonnes, have ignited interest among both domestic and international mining giants. Adani Enterprises, Vedanta Ltd, Reliance Industries, Jindal Steel and Power Ltd, Himadri Chemicals, and South Korea’s LX International are among the prominent participants in this resource race. As the …
On October 12, 2023, the Nifty50 index opened almost flat at approximately 19,822.70 and maintained a range-bound trading pattern throughout the session. The index concluded at 19,794.00, marking a slight dip of 17.35 points (-0.09%) from the previous day’s closing figure. The day’s trading saw the index reach a low of 19,772.65 and a high …
Trading options is viewed as dangerous by many investors. However, depending on each trader’s risk tolerance, the risk in options trading varies. Similar misconceptions exist with options trading. We’ll talk about these options trading fallacies in this post. What is Options Trading? An example of derivative security is the option. Because their price is inextricably …
Indian Market Overview Indian headline indices started the session considerably lower, primarily driven by notable slumps in the information technology and banking sectors. Despite a recent 2% dip in the BSE Sensex and Nifty 50 over the past month, a distinct narrative has unfolded in the primary market, showcasing remarkable resilience and activity. Most of …
Lupin has received tentative approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application for Calcium, Magnesium, Potassium, and Sodium Oxybates Oral Solution, 0.5 g/mL, to market a generic equivalent of Xywav Oral Solution, 0.5 g/mL of Jazz Pharmaceuticals Ireland. This product will be manufactured at Lupin’s Somerset facility …
Ichnos Sciences, a wholly-owned subsidiary of Glenmark Pharmaceuticals, is a leading global biotechnology company specialising in innovative multispecific antibodies for oncology, has recently unveiled an exclusive worldwide licensing agreement. This agreement with Astria Therapeutics, a biopharmaceutical company dedicated to developing therapies for rare allergic and immunological diseases, marks a pivotal moment in Ichnos’s commitment to …
HBL Power System Ltd is a diversified manufacturer with three key divisions: Electronics, Defence, and Batteries. In particular, the Battery division specialises in producing batteries for various industries, including Telecom, UPS, Railways, Solar, Oil and Gas, and Power sectors. Additionally, they manufacture VRLA batteries for Data Center applications. Also, the company has secured orders from …
