BUSINESS
UltraTech Cement shares gain after CLSA upgrades stock to buy; Citi, Credit Suisse retains outperform rating
CLSA has upgraded the stock to buy from outperform with target of Rs 5000 per share. Citi has maintained a buy on the stock with target of Rs 5000 per share while Credit Suisse has also maintained its outperform call on the stock with target of Rs 4,800 per share.
BUSINESS
IDBI Bank share price hits upper circuit on Q1 profit of Rs 144 crore
The private sector bank posted a net loss of Rs 3,800.84 crore for April-June 2019-20. In the preceding March quarter, the bank logged a profit of Rs 135.39 crore.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 25 points gain.
BUSINESS
M&M Financial rights issue opens today; shares jump 4%
The company will issue 61.78 crore equity shares of face value of Rs 2 each (equity shares) at a price of Rs 50 per equity share aggregating to Rs 3,088.82 crore on a rights basis, a company release said.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 61 points gain.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on July 27
Among sectors, IT and metal indices ended in the green, while banks, pharma, auto and FMCG remained under pressure. BSE Midcap and Smallcap indices fell 1 percent each.
BUSINESS
Banks take a beating after RBI's Financial Stability Report; ICICI Bank, HDFC Bank, Yes Bank fall the most
Bank Nifty shed over 2 percent dragged by ICICI Bank which was down over 4 percent followed by HDFC Bank, Axis Bank, Bandhan Bank, Federal Bank and IDFC First Bank.
BUSINESS
ITC share price falls after Q1 profit falls 26% YoY to Rs 2,342 crore
Revenue from cigarettes stood at Rs 3,853.79 crore in Q1FY21, down 29 percent against Rs 5,433.40 crore reported in Q1FY20. Cigarettes EBIT fell 38.8 percent to Rs 2,356.4 crore against Rs 3,849.1 crore YoY.
BUSINESS
HDFC Bank share price falls 2% after Aditya Puri sells 74.2 lakh shares
Aditya Puri has sold 7.42 million shares or 0.13 percent stake, the bank said. Post this transaction, Puri holds 3.76 lakh shares of the bank or 0.01 percent.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 27 points gain.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on July 24
Except IT and Energy, all other sectoral indices ended in the red. BSE Smallcap and Midcap indices also ended lower.
BUSINESS
Metal stocks under pressure; Hindalco, SAIL, Tata Steel shed 2-3%; Credit Suisse likes JSPL
Hindalco Industries and Hindustan Zinc which shed over 3 percent each followed by Jindal Steel & Power, NALCO, SAIL and Tata Steel.
BUSINESS
Mphasis share price up 10% after June quarter profit rises to Rs 264 crore
The stock was trading with volumes of 53,610 shares, compared to its five-day average of 35,580 shares, an increase of 50.67 percent.
BUSINESS
AU Small Finance Bank share price hits upper circuit after Q1 profit rises to Rs 201 crore
There were pending buy orders of 31,258 shares, with no sellers available.
BUSINESS
Bank of Maharashtra share price jumps 6% as Q1 profit spikes 25%
Total income of the Bank increased to Rs 3,264.81 crore during April-June, 2020-21 from Rs 3,191.88 crore in the year-ago same period.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a negative opening for the index in India with a 70 points loss.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on July 23
Among sectors, except IT other indices ended in the green. BSE Midcap and Smallcap indices also ended higher.
BUSINESS
Dilip Buildcon shares jump 8% on bagging Rs 4,167-crore order
The stock was trading with volumes of 39,516 shares, compared to its five-day average of 17,628 shares, an increase of 124.16 percent.
BUSINESS
ICICI Securities share price gains after June quarter profit jumps 70%
ICICI Securities' revenues surged 36 percent to Rs 546 crore in the June quarter from Rs 402 crore in the same period of the last financial year.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a flat to positive opening for the index with a 14 points gain.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on July 22
Among the sectors, Auto, IT and PSU banks dragged the most. The BSE midcap index ended in the green while the smallcap index closed in the red.
BUSINESS
M&M Financial jumps 10% after stock turns ex-date for rights issue
The record date for the same is July 23, 2020. The rights issue will open on July 28 and close on August 11, 2020. The full amount of the issue price will be payable on application.
BUSINESS
RIL hits fresh record high of Rs 2,010, m-cap tops Rs 12.7 lakh crore
Kotak Institutional Equities has a buy rating and has raised target to Rs 2,150 from Rs 1,750 while Nomura has a 'buy' recommendation and has raised the target price to Rs 2,200 from Rs 1,900.
BUSINESS
IndiaMART InterMESH shares jump 12% after two-fold jump in Q1 profit
Revenue from operations of the company grew 3.9 percent to Rs 153.1 crore, primarily driven by marginal improvement in realisation of existing customers.
