Apollo Hospitals’ stock saw a 5% increase in value by the end of the day, closing at approximately ₹5,153, following the initiation of coverage by renowned brokerages Morgan Stanley and BofA. Morgan Stanley has a target price of ₹6,101 and is “overweight” in the stock. According to their analysis, there will be a strong 31%…
Global Markets Today: Following the release of data on US job growth, which supported the idea that the US Federal Reserve may be done raising interest rates, global markets saw a rise on Friday despite declining US dollar and treasury yields. MSCI’s global stock index increased by 1.18%. The MSCI index saw a weekly percentage…
With its headquarters located in Mumbai, Maharashtra, and its base in Jamshedpur, Jharkhand, Tata Steel Limited is an international steel manufacturer. It’s included in the Tata Group. With an annual capacity of 35 million tonnes for crude steel, Tata Steel, formerly known as Tata Iron and Steel Company Limited (TISCO), is one of the largest…
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…
