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…
Tata Steel shares: In a morning report, ICICI Securities described Tata Steel’s quarterly results as ‘strong’. Ebitda for the quarter was Rs 6,264 crore, up from Rs 4,268 crore in the September quarter, owing primarily to lower raw material costs. Tata Steel Ltd’s shares were trading flat on Thursday, a day after rising nearly 4%…
Cipla shares: Due to a robust respiratory season, Cipla also recorded its greatest quarterly revenue for the North American business. In the first trading session on January 23, Cipla’s shares surged 7% to reach a 52-week high of Rs 1,409, just one day after the business reported a solid third-quarter performance across all major metrics…
South Indian Bank Ltd.’s stock increased by almost 8% on Thursday following the lender’s announcement of a than 200% increase in net profit for the quarter ending December 23 due to an improvement in asset quality. In comparison to ₹103 crore during the same period last year, the bank’s net profit tripled to ₹305.4 crore…
Mukesh Ambani: India and Asia’s wealthiest individual witnessed a $2.8 billion increase in wealth on Thursday, reaching $101.8 billion. This surge is attributed to a 2.6% rise in the shares of his flagship company, Reliance Industries Ltd., closing at a record high. Notably, this marks his return to the $100-billion club for the first time…
Adani stocks: The investment covers renewable energy, cement, data centers, and city gas distribution, and it will create 10,300 job opportunities. Most Adani Group stocks rose in the afternoon trade on January 9, with Adani Ports reaching a 52-week high after the conglomerate announced plans to invest Rs 42,768 crore in Tamil Nadu. During a…
Tata Power shares have been rising since the start of the fiscal year 2023-24. Tata Power’s share price bottomed out at around 185 per share on the NSE at the end of March 2023, and it has since remained an ideal ‘buy on dips’ stock for investors. Tata Power’s share price has regularly reached new…
IndusInd Bank stock: The fifth-largest private bank in India, IndusInd Bank is a newer private sector bank supported by the Hinduja group. Its shares broke its one-year peak of ₹1,618 and reached a new 52-week high of ₹1,650.7 apiece in today’s trade. The bank’s quarterly update for 3QFY24 was released on Wednesday, which coincided with…
Indian stock market: Weak global market cues are expected to cause the local equities market to open lower on Wednesday, continuing the downward trend. While the US stock market ended the night in mixed territory, the Asian markets saw lower trading. For more clues on Wednesday, investors will be watching the US Federal Reserve meeting…
