HPCL: BPCL’s reported Gross Refining Margin (GRM) exceeded Kotak’s estimate, but its implied marketing margin fell short of expectations. On the other hand, HPCL’s Q3 results fell below Kotak’s EBITDA estimate, primarily due to a marketing margin lower than anticipated. According to Kotak Institutional Equities, BPCL, a Nifty constituent, and HPCL, a non-Nifty component with…
Axis Bank shares: According to Subramanian Swamy, Axis Bank made illegal gains through trading Max Life Insurance shares. Axis Bank shares declined over 2 percent during afternoon trading on February 15 following reports of BJP leader Subramanian Swamy moving the Delhi High Court. Swamy alleged the private bank’s involvement in a Rs 5,100-crore scam. In…
SBI shares: On the BSE, SBI shares increased 2.01% during the day to Rs 758.70. The bank’s market cap increased to Rs 6.75 lakh crore. In short State Bank of India (SBI) shares reached a record high during today’s afternoon trading session. On the BSE, SBI shares increased 2.01% during the day to reach a…
NMDC: The most active stocks on the NSE in terms of volumes were SJVN Ltd, YES Bank, NMDC Ltd, Indian Railway Finance Corporation Ltd (IRFC), and NHPC. These companies had a surge in value. In Thursday’s trading session, stocks such as YES Bank Ltd, SJVN Ltd, Indian Railway Finance Corporation Ltd (IRFC), NMDC Ltd, and…
Stock market news: The BSE Sensex surged by 148.28 points, with the Nifty climbing 44 points. Following encouraging cues from Asian and international markets, the Sensex and Nifty both rose in early trade on Thursday, marking a healthy start to the markets. The wider Nifty increased 36.90 points, or 0.17 percent, to 21,876.95 points, while…
M&M Q3 results: The SUV manufacturer reported a 15% year-on-year increase in revenue for the quarter, reaching Rs 35,299 crore, compared to Rs 30,621 crore. Mahindra & Mahindra Ltd announced on Wednesday that its consolidated profit for the December quarter increased by 34% year-on-year to Rs 2,658 crore, up from Rs 1,984 crore in the…
Paytm: According to two sources, India’s financial crime-fighting agency is requesting information on overseas transactions from Paytm Payments Bank, a subsidiary of One 97 Communications, one of the country’s largest payment operators. Earlier this month, Reuters reported that the Enforcement Directorate had initiated an investigation into One 97 Communications, commonly known as Paytm, over suspicions…
Adani Green Energy reported to the BSE that it reached a significant milestone within 12 months of initiating work on the Khavda RE park. The journey began with the establishment of fundamental infrastructure, such as roads and connectivity, followed by the establishment of a self-sustaining social ecosystem. In Wednesday’s trading session, the stock of Adani…
Rashi Peripherals’ IPO: February 14, 2024, has been set aside as the listing date for Rashi Peripherals’ initial public offering (IPO). The share price of Rashi Peripherals is scheduled to be listed on both the BSE and NSE, and it will be available for trading on both bourses starting at 10:00 AM on Wednesday. Stock…
Reliance Industries: On Tuesday, the market capitalization of Reliance Industries Ltd, the conglomerate spanning from oil to telecom, surpassed the Rs 20 lakh crore mark. This milestone follows the flagship company RIL’s shares reaching a record high in today’s trading session. As of 11:28 am, RIL was trading 1.55% higher at Rs 2,947.95 per share….
