In the last trading session of the week, Nifty opened gap up and traded higher but bulls were unable hold this gap and lost all gains to trade around day’s low, below the closing of last trading session. Despite the negativity, one stock from automobile and auto components sector, grabbed investors’ attention on D-street, which …
Hindustan Construction Company (HCC) has reported results for fourth quarter (Q4) and year ended March 31, 2023. The company has reported 3-fold jump in net profit at Rs 66.21 crore for the quarter ended March 31, 2023 as compared to Rs 21.64 crore for the same quarter in the previous year. Total income of the …
The benchmark indices started the day flat. BSE Sensex Index is down by 0.13% at a level of 61,357 and NSE Nifty-50 Index is down by 0.22% at a level of 18,090. In the broader market, the indices were trading lower with BSE Mid-cap Index down by 0.40% and BSE Small-cap Index down by 0.42%. …
Investing in a company means entering into an implicit partnership with its management, becoming a part owner of the business and sharing in its triumphs and failures. As a minority owner, it becomes crucial to evaluate the credibility, honesty, and work ethic of the majority owner—the management. Honest and effective management is a key ingredient …
The Indian benchmark indices were seen trading flat, however, one stock which has seen grabbing attention of the market participants is LT Foods Ltd. The stock is trading higher by over 2% amid robust earnings. Q4 FY23 and FY23 Performance: In Q4FY23 revenue of the company was up by 19% YoY aided by accelerated …
Despite beginning higher, Indian headline indices ended much lower, heavily affected by the losses in power, utilities and oil & gas sectors. Broader indices also declined in line with the main indices. Tilaknagar Industries Ltd, a small-cap company, on the other hand, impressed investors with its robust upswing. On an intraday basis on Thursday, the …
Nifty exhibited a lackluster performance throughout the day following an initial rise in the market. It slipped below the previous day’s low and concluded near the lowest point of the day. The closing level stood at 18,181, marking a decline of 104 points compared to the last trading session. S&P BSE Sensex also experienced a …
In its recent quarterly results, the textile and apparels manufacturer Siyaram Silk Mills had impressed investors as it reported consolidated Profit After Tax (PAT) at Rs 88.14 crore for the quarter ended March 31, 2023. The consolidated PAT grew by 7.27% YoY from Rs 82.17 crore of March 2022. Meanwhile, the Smallcap company recorded total …
Results for Q4FY23 and year end were declared by Sandur Manganese & Iron Ores Ltd. In comparison to the same quarter last year, the company’s net profit for the fourth quarter that ended on March 31, 2023, declined by 26.13% to Rs 173.97 crore from Rs 235.52 crore on a standalone basis. In Q4FY23, the …
Union Bank of India (UBI) has entered into partnership with Intellect Design Arena to bolster transaction banking with an advanced cash management system built on eMACH.ai. This strategic partnership with Intellect will provide UBI with a fully-integrated cash & payments management platform, which is expected to enhance the experience and operational efficiency of their corporate …
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