BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 1,185.84 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 300.93 crore on May 24, provisional data from the National Stock Exchange showed.
BUSINESS
India's services sector exports defy global slowdown, grab higher global market share: Morgan Stanley
The services exports have risen to 150 percent of 2019 figures, showing that its growth is structural, says the US investment bank.
BUSINESS
Metro Brands rallies 4% riding on nearly 30% surge in Q4 sales
Metro Brands limited was listed on 22 December 2021. Since its listing the stock has given a return of 95.91 percent. Whereas, since the start of 2023 the stock has given a return of 6.48 percent thus outperforming the Nifty50 benchmark index which has remained flat since the start of this year.
BUSINESS
Bikaji Foods jumps 2% on the back of 57% growth in Q4 net profit
The company's total income also grew year-on-year (YoY) to Rs 466.84 crore in Q4 FY23 as compared to Rs 405.96 crore in the corresponding period of previous fiscal, as per the regulatory filing.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a negative start for the broader index with a loss of 89 points on Wednesday. Wall Street ended higher but markets in Europe and Asia traded in the red
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a positive start for the broader index with a gain of 29 points on Tuesday on the back of positive vibes from Wall Street following progress in debt-ceiling talks. European markets traded mixed but Asian indices trade largely in the green
BUSINESS
Cochin Shipyard sinks 10% on dismal March quarter performance
The company’s consolidated revenue declined 50 percent year on year to Rs 600 crore. Net profitability was down 86 percent at Rs 39 crore during the quarter
BUSINESS
Muthoot Finance shares jump nearly 8% on the back of solid Q4 numbers
The consolidated loan AUM grew 11 per cent YoY to Rs 71,497 crore in FY23, compared to Rs 64,494 crore last year. During the quarter, consolidated loan assets under management increased by 10 per cent. Consolidated profit after tax increased by 8 per cent to ₹1,009 crore as against Rs934 crore last quarter.
BUSINESS
Lenders, housing, housing-related stocks, the best way to play investment upcycle
Real estate continues to be the bigger driver of household investments, and household investments dominates growth in capital formation in the country
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a negative start for the broader index with a loss of 28 points on Monday amid US markets teetering over the stalemate in debt ceiling decision. European markets throw up positive vibes but Asian indices trade mixed
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 970.18 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 849.96 crore on May 18, provisional data from the National Stock Exchange showed.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 149.33 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 203.87 crore on May 17, provisional data from the National Stock Exchange showed.
BUSINESS
SBI in Q4: Brokerages estimate 68% rise in profit, 25% growth in interest income
SBI has considerably outperformed the Nifty Bank index over the last 5 years. SBI has given a return of 145 percent over the last 5 years. Whereas the Nifty Bank index has given a return of 69.67 percent over the same duration.
BUSINESS
LIC Housing Finance shares tank 6% after muted Q4 results
Morgan Stanley whereas is underweight on LIC Housing Finance. According to them sharp improvement in loan spreads caused 19 percent NII beat. The target price given by Morgan Stanley is Rs 320 per share.
BUSINESS
CreditAccess Grameen climbs 7% on the back of 86% jump in Q4 net profit
The total income increased by 29.3 percent year-on-year from Rs 824.5 crore to Rs 1,066.2 crore and pre-provision operating profit (PPOP) increased by 36.3 percent year-on-year from Rs 368.8 crore to Rs 502.9 crore. The impairment of financial instruments declined by 30.3 percent year-on-year from Rs 151.0 crore to Rs 105.3 crore.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a negative start for the broader index with a loss of 40 points on Wednesday. Both US and European markers traded lower and Asian indices threw up mixed cues amid looming clouds of default by US on government debt
BUSINESS
There is a clear shift in preference from ‘Dragon’ to ‘Elephant’: Sunil Singhania
India’s growth story is well-known among foreign investors, and the focus has now shifted to valuations and identifying potential investment opportunities beyond the NIFTY50, says Sunil Singhania.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a positive start for the broader index with a gain of 40 points on Tuesday with the Wall Street ending higher, European markets throwing up mixed trends, and Asian indices showing bullish trading
BUSINESS
Max Financial Services drops 2% post disappointing Q4 results; net profit plunges 64%
Max Financial Services Ltd stock has given a return of 34.42 percent over the last 5 years. Thus, underperforming the benchmark Nifty50 index which has given a return of 73.47 percent over the same duration.
BUSINESS
Manappuram Finance rallies 3% post robust Q4 results
Manappuram Finance Ltd on May 12, 2023, reported 58 per cent jump in consolidated net profit at Rs 413 crore for the quarter ending March 31, 2023. It reported a consolidated profit of Rs 261 crore a year ago. The company's Board has announced an interim dividend of Rs 0.75 per equity share of face value Rs 2 each.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Monday amid mixed cues from markets world over as investors watch out for macro data from China and views of Fed speakers
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FII) bought shares worth Rs 837.21 crore, whereas domestic institutional investors (DII) sold shares worth Rs 200.09 crore on May 11, provisional data from the National Stock Exchange showed.
BUSINESS
Fed slashing interest rates this summer would be a mistake: David Rubenstein
The Fed is targeting 2 percent inflation, and there’s no way it would get to 2 percent this summer, the co-founder and co-chairman of Carlyle Group has said
BUSINESS
HG Infra up 6% as net sales zoom 44.21% in Q4
HG Infra Engineering Ltd stock has given a return of 184 percent over the last 5 years, outperforming the benchmark Nifty, which has gained 69.30 percent over the same period
