Indian benchmark indices opened the trading session on a lower note, reflecting the general weakness in most Asian markets. Banks, financial services, auto, and information technology sectors reported significant losses, while telecommunication and capital goods stocks attempted to counterbalance the downturn. At 10:05 am, the BSE Sensex fell 0.45% reaching a level of 74,821. The …
Campus Activewear (CAL), India’s largest omnichannel sports and athleisure footwear brand is buzzing on the bourses amid a sell-off in the market. CAL is amongst a few established national brands enjoying a 17% market share in the Indian branded sports and athleisure footwear industry which is predominated by international brands. The share price of Campus …
India’s banking sector has reached a significant milestone in fiscal year 2024 (FY24), with the collective net profit exceeding Rs 3 lakh crore for the first time ever. This achievement underscores a remarkable turnaround in the sector A closer analysis reveals a notable discrepancy in the performance between private sector banks and public sector banks …
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The conglomerate is now planning to enter India’s digital payment and E-commerce spaces. Adani to …
Aditya Birla Group’s UltraTech Cement announced its intention to acquire a 31.6% stake in RAK Cement Co, a UAE-based company for White Cement and Construction Materials. This acquisition will be executed through UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of UltraTech Cement in the UAE. RAK Cement RAKWCT was established in September …
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. Ashima Ltd Ashima Ltd surged to a high of Rs 33.95 with a significant traded volume of 21,343,411 shares. It is currently trading at Rs 33.5, up from the previous close of Rs …
On May 28 2024, HLE Glascoat Limited, a company specialising in producing chemical process equipment, filtration, drying, heat transfer, and glass-lined equipment, disclosed its audited financial outcomes for the quarter and fiscal year ending March 31, 2024. In the fourth quarter of the fiscal year 2023-24, HLE Glascoat Limited reported revenue from operations amounting to …
On May 28 2024, J. Kumar Infraprojects Limited (JKIL), a specialised EPC firm with expertise in constructing urban infrastructure projects such as metros, elevated corridors/flyovers, roads, and road tunnels, revealed its audited financial outcomes for the quarter and fiscal year concluding on March 31, 2024. During Q4 FY2024, J. Kumar Infraprojects Limited witnessed growth across …
On May 28, 2024, Dreamfolks Services Limited announced their financial results for FY 2024 and the quarter ended March 2024. In FY 2024, Dreamfolks Services Limited reported revenue of ₹11,350 million, registering a 47% growth. The company declared a final dividend of ₹1.5 per share, bringing the total dividend to 100% of the Face Value. …
On May 27, 2024, Rajoo Engineers Limited informed the exchanges that on May 26, the company and its group entities established Shrutina Nexgen Solar LLP, registered with the Registrar of Companies in Gujarat, as a collaborative venture involving multiple entities. Rajoo Engineers Limited holds a 7% stake in the Shrutina Nexgen Solar LLP. In contrast, …
