India’s non-bank lender, Bajaj Finance, reported a smaller-than-expected Q1 FY25 profit on Tuesday, weighed down by higher provisions for bad loans. The company disclosed a consolidated net profit after tax of Rs 3,912 crore, marking a 14% year-on-year increase for the quarter ended June 30, 2024. This figure fell short of many analysts’ estimates of …
Introduction Hi-Tech Pipes Ltd., a leading manufacturer of steel tubes and pipes in India, is making significant strides towards decarbonising its manufacturing facilities. In alignment with India’s ambitious goals for zero carbon emissions by 2070 and the National Green Hydrogen Mission, the company is implementing various green energy projects. Government’s Strategic Climate Goals The Government …
On July 23, 2024, the Indian equity indices declined for the third consecutive session, influenced by various announcements made by Finance Minister Nirmala Sitharaman in her Union Budget speech. At close, the Sensex was down 0.09% at 80,429.04, and the Nifty was down 0.12% at 24,479. Top Gainers and Losers Among the sectors, Nifty FMCG, …
On Tuesday, the budget took center stage, influencing market sentiment, which remained muted throughout the trading day. The benchmark indices closed on a negative note, with the Sensex slipping by 0.09% to 80,429.04 and the Nifty falling by 0.12% to 24,479.05. The broader market mirrored this decline. The Nifty Mid-cap dropped by 0.60%, while the …
During Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Suzlon Energy Ltd Suzlon Energy Ltd is currently trading at Rs 57.83, marking a 4.99% increase from the previous close of Rs 55.08. With a high traded volume of 27.03 crore shares, the …
The benchmark index S&P BSE 500 opened today at 36,378.83 and made its day high at 36,386.09, and it is trading in red today, down by more than 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Easy Trip Planners …
Benchmark indices started today’s trading session higher but quickly erased gains amidst uncertainties surrounding today’s Union Budget and the anticipated announcements that will shape market direction. Broader indices also struggled to gain momentum. Metals, oil and gas, energy, and financial services were among the top losers, while power, utilities, and capital goods sectors attempted to …
On Tuesday, the benchmark indices were trading in the red with the Sensex down around 175 points or 0.21% at 80,350, while the Nifty-50 was down around 65 points or 0.26% at 24,444. About 1,506 shares have advanced; 1,958 declined and 175 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On July 23, 2024, Gland Pharma Limited, a company specialising in generic injectable drugs, announced via a stock exchange filing that it has received tentative approval from the USFDA (US Food and Drug Administration ) for its Latanoprostene Bunod Ophthalmic Solution, 0.024%. This product is considered equivalent to Bausch & Lomb Inc.’s Vyzulta® Ophthalmic Solution, …
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a leading NBFC in Emerging India, reported positive results for the quarter ended June 30, 2024 (Q1FY25). Here’s a breakdown of the key highlights: Financial Performance Business Assets: Grew 23% YoY to ₹1,06,339 crore, demonstrating a healthy loan portfolio. Disbursement: Maintained growth with ₹12,741 crore disbursed, reflecting …
