On July 22, 2024, Titagarh Rail Systems Limited (TRSL) began exporting traction converters. The first shipment of 8 converters was sent to Titagarh Firema S.p.A in Italy on July 19, 2024. This export is part of a EUR 7.18 million (approximately ₹65 crore) order from Titagarh Firema. It marks the first time traction converters have …
Axis Bank Limited, previously known as UTI Bank, is a major Indian multinational bank and financial services provider which ranks as the third-largest private sector bank in India by assets and the fourth-largest by market capitalization. Market Expectations Axis Bank is anticipated to report strong growth in its Q1FY25 results, along with a rise in …
Hindustan Unilever (HUL), India’s largest consumer goods company, reported a 2.7% y-o-y increase in standalone net profit for Q1FY25, reaching Rs.2,538 crore. This figure aligns with street estimates, which had forecasted a profit of Rs.2,561 crore. Revenue, encompassing product sales and other operating income, rose 1.3% y-o-y to Rs.15,339 crore, meeting analysts’ expectations of Rs.15,325 …
In the latest Union budget, Finance Minister Nirmala Sitharaman announced a hike in the basic customs duty on imported printed circuit board applications (PCBAs) for specific telecom equipment. This decision is part of a broader strategy to encourage domestic manufacturing and reduce reliance on imports. However, this change will have mixed impacts on various stakeholders …
The Union budget for 2024-25, presented by Finance Minister Nirmala Sitharaman, brought significant movements in the stock market With the announcement of no changes in the tax rates for cigarettes and tobacco products, ITC Ltd. experienced a notable surge in its share price, The stock of ITC Ltd. has scaled new 52-week high of Rs.510.65 …
India’s non-bank lender, Bajaj Finance, reported a smaller-than-expected Q1 FY25 profit on Tuesday, weighed down by higher provisions for bad loans. The company disclosed a consolidated net profit after tax of Rs 3,912 crore, marking a 14% year-on-year increase for the quarter ended June 30, 2024. This figure fell short of many analysts’ estimates of …
Introduction Hi-Tech Pipes Ltd., a leading manufacturer of steel tubes and pipes in India, is making significant strides towards decarbonising its manufacturing facilities. In alignment with India’s ambitious goals for zero carbon emissions by 2070 and the National Green Hydrogen Mission, the company is implementing various green energy projects. Government’s Strategic Climate Goals The Government …
On July 23, 2024, the Indian equity indices declined for the third consecutive session, influenced by various announcements made by Finance Minister Nirmala Sitharaman in her Union Budget speech. At close, the Sensex was down 0.09% at 80,429.04, and the Nifty was down 0.12% at 24,479. Top Gainers and Losers Among the sectors, Nifty FMCG, …
On Tuesday, the budget took center stage, influencing market sentiment, which remained muted throughout the trading day. The benchmark indices closed on a negative note, with the Sensex slipping by 0.09% to 80,429.04 and the Nifty falling by 0.12% to 24,479.05. The broader market mirrored this decline. The Nifty Mid-cap dropped by 0.60%, while the …
During Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Suzlon Energy Ltd Suzlon Energy Ltd is currently trading at Rs 57.83, marking a 4.99% increase from the previous close of Rs 55.08. With a high traded volume of 27.03 crore shares, the …
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