Vibhor Steel Pipes IPO: The Rs 72.12 crore IPO is being offered in the price range of Rs 141-151. According to Rajan Shinde, Research Analyst at Mehta Equities, the company’s primary strength lies in its association with Jindal Pipes. He highlighted the enduring relationship with Jindal, operating under the esteemed brand of Jindal Star. On…
Hindalco: JM Financial stated that while there’s a considerable increase in capital expenditure (capex), it may lead to a decrease in the internal rate of return (IRR). However, they anticipate a positive impact on earnings trajectory, driven by plant commissioning, enhanced recycling efforts, and evenly distributed capex. Shares of Hindalco Industries Ltd dropped by 15…
Sensex and Nifty: At approximately 9:15 am, the S&P BSE Sensex was up 0.28 percent at 71,275.64, while the NSE Nifty50 was up 0.19 percent at 21,657.35. Nonetheless, there appears to be a lot of volatility affecting both the benchmarks and the wider market indices. In short Asian markets saw a solid start to Tuesday’s…
Domestic equity benchmarks the Nifty 50 and the Sensex closed lower on Monday, February 12, led by banking and financial heavyweights, ahead of key macroeconomic data and mixed global cues. India’s consumer price index (CPI)-based inflation or inflation rate for January, as well as the index of industrial production (IIP) data for December, are set…
LIC shares: In response to better-than-expected quarterly results, a few brokerages increased their target prices on Life Insurance Corporation of India Ltd. (LIC), which saw a spike in shares of over 6% on Monday. By doing this, LIC became the fourth most valuable stock on Dalal Street, briefly surpassing Infosys Ltd and ICICI Bank Ltd in the…
EPFO: On March 28th of the previous year, the EPFO announced an interest rate of 8.15% for the Employees’ Provident Fund (EPF) accounts for the fiscal year 2022-23. According to a report from news agency PTI on Saturday, the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has set the interest…
Divi Laboratories Q3 Results: The company’s operational performance showed weakness, with its earnings before interest, taxes, depreciation, and amortization (EBITDA) reaching Rs 479 crore, marking an increase of approximately 19.6% from Rs 409 crore. Divi’s Laboratories witnessed a 17 percent year-on-year (YoY) increase in its consolidated profit to Rs 358 crore for the December quarter….
Q3 results today: Investors will be on edge as some of the top firms report Q3 earnings. Several companies, including ONGC, Divis Labs, Aurobindo Pharma, and the Multi Commodity Exchange of India (MCX), will be in the spotlight today when they report their third-quarter results. The domestic equity benchmark indices, namely the Sensex and the…
ITC-LIC- ICICI Bank: Amid weekly F&O contract expiration and the aftermath of the RBI’s money policy review, domestic stock indices concluded Thursday’s trading session settled. With a loss of 723.57 points, or 1%, the 30-share pack BSE Sensex closed at Rs 71,428.43. At 21,717.95 at the end of the session, the NSE Nifty fell 213…
Zomato share price: In early trading on Friday, Zomato’s share price surged over 4%, reaching a new 52-week high following the company’s impressive quarterly results for December 2023. The strong growth in food delivery businesses drove this performance. Zomato shares peaked at ₹150.25 each on the BSE, marking a gain of 4.34%. In the third…
