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…
Alok Industries: Preferential shares were privately placed with RIL at a dividend rate of nine percent. Once Reliance Industries Ltd (RIL) subscribed for non-convertible redeemable preferential shares worth Rs 3,300 crore on January 2, shares of Alok Industries surged by 20 percent and were locked in their upper circuit at Rs 25.80, also the highest…
Azad Engineering IPO: Limited’s initial public offering (IPO) will accept subscriptions through December 22, 2023, and bidding will be accepted through that date. This indicates that investors have just one day left to apply for the public offering of Azad Engineering, as the IPO will close this evening. The firm that makes turbines and aerospace…
Suzlon Energy: This project will be a part of the tariff-based Wind-Solar Hybrid and STU (State Transmission Utility) project to increase the contribution of Renewable Energy in the state of Gujarat. The KP Group awarded Suzlon Energy a repeat order for the development of a 193.2 MW wind power project, which caused the company’s shares…
Inox India IPO: On its third day, the Inox India IPO saw an oversubscription as a result of the overwhelming response it continued to receive from non-institutional and retail investors (NIIs). As of 13:00 IST, 15.75 times have been subscribed to the Inox IPO. The Inox IPO went quite well on the first and second…
