IndiGo Q4 earnings preview: With more passengers, InterGlobe Aviation Ltd. (IndiGo) is expected to achieve a robust year-over-year (YoY) increase in top and bottom-line growth. An annual expansion of margins is observed. Numbers in a sequential fashion are probably weak. Emkay Global predicted that net profit for the March quarter would increase by 110.90% year…
The Adani Group is embroiled in a new controversy, with the Organized Crime and Corruption Reporting Project (OCCRP) alleging that the company misrepresented low-quality coal as a much more expensive cleaner fuel in dealings with an Indian state power utility. The company faces additional charges, and a report published in the Financial Times on Wednesday…
Suzlon Energy shares: Suzlon Energy Ltd saw its shares reach the 5% upper price limit of Rs 46.23 in Wednesday’s trading session following the announcement of new orders. The renewable energy solutions provider, Suzlon Group, revealed today that it has secured orders for the development of 402 MW wind energy projects for Juniper Green Energy….
ICICI Bank: On May 22, after the bank distributed 6.5 lakh equity shares with a face value of Rs 2 each under the employee stock option plan (ESOP), shares of ICICI Bank declined more than 1% to Rs 1,108 per share. This private sector lender’s stock has increased by more than 11% so far this…
BHEL Q4 earnings: Despite Bharat Heavy Electricals Ltd (BHEL) announcing underwhelming March quarter results, characterized by minimal year-on-year revenue growth and a notable 400 basis points decrease in EBITDA margin due to increased provisioning, Nuvama Institutional Equities has significantly raised its target price for the stock by 51 percent. Their rationale behind this bullish move…
Awfis Space Solutions IPO: Awfis Space Solutions’ initial public offering (IPO) begins its subscription today, May 22, and will conclude on May 27. The price range for the IPO is between ₹364 to ₹383 per share. Investors can apply for shares in lots of 39, with a minimum investment amount of ₹14,937 required for retail…
Vodafone Idea plans: Vodafone Idea has disclosed that its board has sanctioned the raising of up to Rs 2,075 crore from Oriana Investments, an entity affiliated with promoter Aditya Birla Group, via a preferential share issue. In a regulatory disclosure to the exchanges, Vodafone Idea stated that its board has greenlit the allocation of 139.54…
IRFC share price: Indian Railway Finance Corporation Ltd (IRFC) shares, which drew attention following the Q4 results, rose by 3.5 percent in morning trades on Tuesday. The company announced its financial performance for FY24 and Q4 FY24 on Monday, March 20, 2024. Indian Railway Finance Corporation Ltd (IRFC) shares have surged nearly 419% over the…
Bharat Electronics shares: Bharat Electronics Ltd (BEL) witnessed a notable surge of over 9 percent in its shares today, May 21st, propelled by its robust performance in the fourth quarter, which surpassed market expectations and was bolstered by robust margins. The company’s gross profit margin has exhibited resilience over the past three quarters, maintaining an…
RVNL share price: Rail Vikas Nigam Ltd (RVNL) saw its share price surge by over 15% during intraday trading on Tuesday, reaching an all-time high of ₹345.90 on the NSE. Over the past year, RVNL’s share price has soared by more than 190%, delivering multi-bagger returns to investors. The surge in RVNL’s share price on…
