HDFC AMC: Consolidated revenue for the asset management company increased by 20% YoY to Rs 671.3 crore in Q3 FY24 from Rs 559.6 crore in the same time the previous year. For the quarter that concluded in December 2023, HDFC Asset Management Company announced a consolidated net profit of Rs 488 crore on January 11….
Sensex Share Market Updates: Thursday saw an upward surge in Indian benchmark indices Sensex and Nifty, aligning with the rising trend in Asian markets. IT stocks took the spotlight in anticipation of earnings reports from TCS and Infosys. Investors are eagerly awaiting the Q3 results from major IT firms, signaling the commencement of the earnings…
Suzuki Motors: Prime Minister Narendra Modi launched the 10th edition of Vibrant Gujarat on Wednesday, and on the first day of the event, Suzuki Motor Corp., a Japanese company, announced investments totaling ₹67,000 crore in Gujarat. According to Toshihiro Suzuki, president of Suzuki Motor, the company will invest roughly ₹32,000 crore to develop its electric…
Over the last year, NALCO has gained approximately 57%, surpassing the Nifty, which has increased by roughly 20% during that same time. The National Aluminium Company Limited (NALCO) saw a 3 percent increase in its shares during the morning trade on January 10, following the presentation of the three-decade plan for growth and sustainable business…
Jyoti CNC Automation IPO: The IPO for Jyoti CNC Automation is scheduled to conclude on January 11 and the price range for each share is set at Rs 315–331. On the first day of bidding, January 9, Jyoti CNC Automation’s initial public offering saw a subscription of 1.4 times, with bids reaching 2.5 crore shares…
The Indian stock market indices, the Sensex and Nifty 50, are expected to open higher on Tuesday, boosted by strong global market cues. The trends on the Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading at around 21,694, compared to the Nifty futures’ previous close of 21,570….
Bank of Baroda: The stock of Bank of Baroda has returned 12.27% in the past six months. Over the same period, the benchmark Nifty Bank index has returned 7.20 percent. Bank of Baroda’s stock fell 0.24 percent in early trading on January 8 following the company’s announcement of a 13.6 percent increase in global advances….
The Indian stock market indices, Sensex and Nifty 50, are expected to open flat on Monday, tracking mixed global cues. The trends on Gift Nifty also point to a slow start for the Indian benchmark index. The Gift Nifty was trading around 21,765 compared to the Nifty futures’ previous close of 21,785. For the second…
IREDA: Inclusion or increase in stock weightage in global indices such as MSCI and FTSE results in inflows from index-tracking passive funds. Exclusion from these indices typically results in outflows. As a result, the announcements are widely followed. According to Nuvama Alternative & Quantitative Research, recently listed IREDA, Cello World, Honasa Consumer Products, and Signature…
Suzlon Energy stock has increased by 125 percent in the last six months and by 283 percent in the last year, more than tripling investors’ money. Suzlon Energy shares rose more than 2% on January 5 after the company received a new order from Everrenew Energy Private Ltd for the development of a 225-MW wind…
