After the company’s Q2 results on Wednesday exceeded street estimates in terms of both profit and revenue, Sun Pharma’s share price was trading higher on Thursday. On the BSE, Sun Pharma shares opened today at an intraday high of ₹1,130.80 a share. Technical analysts claim that pharmaceutical stocks are trending strongly and that Sun Pharma’s…
Bajaj Auto announced on November 1 that its total sales increased by 19 percent year on year (YoY) to 471,188 units in October of this year. In October 2022, the company had dispatched 395,238 units. Year-to-date (YTD) domestic unit sales increased by 25% to 1,608,730 units sold in the April-October 2023 period, compared to 1,290,128…
Adani Total Gas obtained gas from IGX, and bilateral trades were completed. According to YES Securities, Adani Total Gas took advantage of falling LNG prices as well. Adani Total Gas Ltd shares fell nearly 1% in Wednesday trade after the Company group firm reported an 8% increase in consolidated profit to Rs 173 crore in…
Driven by its strong Q2FY24 performance, non-banking financial company (NBFC) Shriram Finance saw a notable 12.9% increase in its stock price, reaching a new all-time high of ₹2,029.7 per share during Friday’s trading session. The NBFC reported a consolidated net profit of ₹1,792 crore in its quarterly report, which was made public on Thursday. This…
ACCOUNT FOR PROFIT AND LOSS – ICICI Bank To be completed by March 31, 2023. Schedule Year ended31.03.2023 Year ended31.03.2022 I. INCOME Interest earned 13 1,092,313,380 863,745,452 Other income 14 198,314,479 185,175,299 TOTAL INCOME 1,290,627,859 1,048,920,751 II. EXPENDITURE Interest expended 15 471,027,360 389,084,507 Operating…
Jefferies: Analysts predict that IIFL Finance, a diversified non-banking financial company (NBFC), will see healthy net interest income (NII) growth, stable asset quality, and strong earnings growth. According to foreign brokerage Jefferies, the company has strengthened its retail franchise by expanding branches twice in three years, which is expected to drive a 23% asset under…
Tax officials: According to sources cited by The Economic Times, the Directorate General of GST Intelligence (DGGI) is looking into Raymond’s consumer goods business sale to a Godrej unit. Through a slump sale, Raymond’s FMCG company—which included the Park Avenue, KS, KamaSutra, and Premium trademarks—was purchased by Godrej Consumer Products (GCPL) in April 2023. GCPL…
Reliance Shares: Following the release of the Q2FY24 results on Friday night, the Indian stock market is anticipated to respond to the quarterly data on Monday. Stock market analysts predict that Reliance Industries’ Q2 results for the fiscal year 2023–2024 have exceeded expectations, which means that the company’s share price will rise on Monday. Experts…
Market Highlights: After six sessions of decline, the indices recovered on Friday, with all sectors turning green. The rally was led by heavyweight indices such as IT, Bank, Finance, Metal, and Realty. On Friday, Asian shares followed Wall Street futures higher as Amazon provided some welcome earnings relief, while bonds were able to maintain their…
IndusInd Bank Ltd.: Ahead of the release of its Q2 results, shares of the private lender fell by about a percent to Rs. On October 18, the bank is expected to make its results public. According to brokerage firms, the net interest income of the private sector lender may increase by 19% in Q2, but…
