Coforge Limited, a leading global IT solutions organisation, announced robust financial results for the quarter ended June 30, 2024 (Q1FY25), showcasing continued growth and industry recognition. Financial Highlights Paint a Positive Picture Revenue reached ₹24,008 crore (USD 291.4 million), reflecting a 1.6% increase quarter-on-quarter and a healthy 7.8% year-on-year growth on a constant currency basis. …
SRF Limited, a diversified chemicals manufacturer, reported its consolidated financial results for the first quarter ended June 30, 2024 (Q1FY25). The results revealed a mixed performance with revenue growth but a decline in profitability. Revenue Up, Profitability Down Consolidated revenue increased marginally by 4% year-on-year (YoY) to ₹3,464 crore in Q1FY25. However, Earnings Before Interest …
Mistral Solutions Pvt. Ltd., a globally renowned technology design and systems engineering company under the AXISCADES umbrella, has secured the coveted Defennovation Award 2024 for Excellence in Research and Development (SME) presented by ELCINA. This recognition celebrates Mistral’s unwavering commitment to advancing R&D within the defence sector and fortifying India’s self-reliance in this vital domain. …
Marine Electricals (India) Ltd (MEIL) primarily provides customised electrical solutions to both the marine and non-marine sectors. Headquartered in Mumbai, the company boasts manufacturing facilities in Mumbai and Goa. Recent Stock Performance The share price of Marine Electricals recently surged by 5%, reaching the upper circuit limit of the day. This spike followed the company’s …
Did you know that if you have bought the Sensex in 1980 and held on to it, your wealth would have multiplied nearly 370 times? There are much better stock-specific cases. For example, an investment of Rs.10,000 in Wipro in 1980 would be worth Rs.450 crore today. Similarly, an investment of just Rs.1 lakh in …
Following a strong performance in the last trading session, Indian benchmark indices were trading flat today, primarily impacted by significant declines in the Bajaj twins, namely Bajaj Finance and Bajaj Finserv. At 10:05 am, the BSE Sensex edged down by 0.04%, reaching a level of 71,913. The Nifty 50 index edged up by 0.05% to …
What do we understand by market volatility? From a general perspective, volatility refers to the ups and downs of the Nifty or the Sensex. But, volatility also has a technical meaning and it means the extent to which the stock deviates from the average. Greater the deviation, greater is the volatility of the stock. Why …
October the Nifty lost over 1,000 points from the peak while the actual damage in mid-cap stocks was much sharper. Most long-term plans would have taken a hit too. Should this really trigger a modification in your long-term goals? The long-term plan has some in-built checks and balances that automatically take care of short-term fluctuations. …
Today, shares of IDFC First Bank have reached a significant milestone of Rs 100. It opened the day at Rs 99.29 and hit an intraday high of Rs 100.74. Moreover, today it reached a 52-week high of Rs 100.74. At the time of writing this article, the shares are trading at Rs 98.32 each on …
When our portfolio shows a sharp correction, then the normal reaction of one of panic! For example, the index may down by just about 5% but if your portfolio had a huge exposure to PSU banks or to mid caps then your damage to the portfolio could be to the extent of 15- 20%. What …
