Opening bell: Indian market indices opened substantially higher on Friday, a day after the federal government signaled its intention to pursue budget austerity even as the general elections approached. In addition, strong indications from other Asian counterparts boosted stocks in India. At the opening bell, the Sensex was at 72,189.10 points, up 543.80 points or…
Adani Ports Q3FY24 Results: Adani Ports & Special Economic Zone released its financial results for the quarter and nine months ending December 31, 2023, revealing a significant 65% improvement in its consolidated net profit at ₹2,208 crore for Q3FY24, compared to the net profit of ₹1,336.51 crore recorded in the corresponding period last year. Sequentially,…
Dr Lal PathLabs Q3 results: Thursday marked the announcement of Dr Lal PathLabs’ October–December quarter statistics, which showed a 54% increase in net income year over year. The company’s profit after tax (PAT) increased from ₹52.8 crore to ₹81.3 crore in the quarter that ended in December 2023. From ₹489.4 crore to ₹539 crore during…
Sensex and Nifty: BSE 500 equities such as Godrej Consumer Products, Infibeam, Data Patterns, and Dixon rose 9.18%. Paytm, Gravita, KIOCL, and CE Info Systems, on the other hand, had up to 20% losses. In short In the early trading on Thursday, ahead of the Budget 2024 presentation, Indian equities benchmarks saw a small increase…
Maruti Suzuki Q3 results: Maruti’s consolidated revenue from operations for the third quarter of the current fiscal year increased 14% YoY to Rs 31,844.7 crore. Maruti Suzuki India Ltd. announced on Wednesday that its consolidated net profit for the quarter that ended on December 31, 2023, increased by 33% year over year (YoY) to Rs…
Adani Wilmar Q3 results: Operating revenue decreased 16.91% to Rs 12,828 crore from Rs 15,438 crore in the same period last year. Adani Wilmar revealed on Wednesday that its consolidated net profit for the third quarter of the current fiscal year 2023–24 (Q3 FY24) decreased by 18.29% year over year (YoY). Compared to the same…
KEC International shares: KEC International’s stock climbed 7.32% to reach Rs 675 from the previous closing value of Rs 628.05 on the BSE. The market capitalization of KEC International increased to Rs 17,255 crore. Today on the BSE, a total of 0.41 lakh shares of the company were traded, resulting in a turnover of Rs…
Nifty: Ahead of two events, market analysts have advised investors against taking aggressive long positions and continue to retain a bearish stance. Benchmarks for equity Ahead of two significant events, the US Federal Reserve’s rate meeting and the 2024 budget, investors were cautious in their trading, and the Sensex and Nifty were trading flat on…
Adani Total Gas announced an EBITDA of Rs 300 crore for the quarter, reflecting a 26% year-on-year growth from the Rs 238 crore recorded in the same quarter last year. Adani Total Gas Ltd reported an 18% year-on-year increase in consolidated net profit, reaching Rs 177 crore for the December quarter compared to Rs 150…
LIC shares experienced a sustained decline, deviating from their usual performance and depreciating by 26% by November of the preceding year. On January 30, Life Insurance Corporation of India (LIC) reached a significant milestone by exceeding its issue price for the first time. This uptick followed the central bank’s approval for LIC to raise its…
