Reliance Infra stock: On April 10, shares of Reliance Infrastructure plummeted by 20 percent, reaching a lower circuit limit at Rs 227.4. This drop came following a Supreme Court directive instructing its airport metro arm to refund arbitral award payments received from the Delhi Metro Rail Corporation (DMRC). The Supreme Court approved DMRC’s curative petition,…
Paytm shares: The stock of One97 Communication, the parent company of Paytm, experienced a 4% decline, dropping to an intra-day low of Rs 388 following the resignation of Surinder Chawla, the MD & CEO of Paytm Payments Bank. In an exchange filing, the company stated that Chawla submitted his resignation citing personal reasons and a…
IREDA stock: Shares of Indian Renewable Energy Development Agency Ltd (IREDA) have surged by 253% from their yearly low of Rs 49.99 reached on November 29 last year. The renewable energy stock concluded 11.43% higher at Rs 176.45 on Friday, following the revision of the circuit filter limit by BSE and NSE for the state-run…
IIFL Finance: The stock prices of JM Financial experienced a notable decline of approximately 4 percent, while IIFL Finance saw a more significant plunge of 5.5 percent following the Reserve Bank of India’s announcement of a special audit for these two firms. By 12:40 pm, JM Financial was trading at Rs 72 on the BSE,…
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…
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…
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…
