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…
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…
