Mahindra & Mahindra (M&M) announced its Q4FY24 earnings today, revealing a substantial 32% increase in standalone profit, reaching Rs. 2,038 crore compared to Rs. 1,549 crore in the same period last fiscal year. Revenue from operations totaled Rs. 25,109 crore, with EBITDA rising to Rs. 3,119 crore, a 12% surge from Q4FY23’s Rs. 2,789 crore. …
In a significant move in India’s private equity landscape, Bain Capital, in partnership with Temasek, has positioned itself to challenge Blackstone for a majority stake in Haldiram Snacks Food Pvt Ltd. This potential acquisition could mark India’s largest private equity purchase to date, sparking competition in the market. Valuation and Offer The Bain-Temasek alliance recently …
The benchmark index S&P BSE 500 opened today at 32,913.12 and made its day high at 32,940.97, and it is trading in green today, up by around 0.20%. From the same space, these are the 3 companies which surpassed the benchmark index and were up by more than 5% today. Oberoi Realty Ltd Shares of …
Retail Investors Stunned: Trading Suspended for Brightcom Group Shares In a gut-wrenching blow to nearly 5.7 lakh retail investors, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have dealt a heavy-handed decision: the suspension of trading for Brightcom Group (BCG) shares starting June 14. Regulatory Standoff: A Harsh Reality With an air …
On May 15, 2024, iTriangle Infotech, a leading provider of telematics solutions, and VE Commercial Vehicles Ltd (VECV), a joint venture between the Volvo Group and Eicher Motors, solidified their collaboration by finalising agreements to establish a joint venture. This strategic partnership aims to revolutionise the fleet management landscape for the commercial vehicle industry in …
LIC Housing Finance Ltd. is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office in Mumbai. LIC Housing Finance Ltd. is a subsidiary company of Life Insurance Corporation of India(LIC). The company has reported its Q4 FY 2023-24 results. Q4 Performance of LIC Housing Finance Ltd The …
On Wednesday, the market closed with a mixed performance following a session characterized by trading within a limited range. The Sensex experienced a moderate decline of 0.16%, settling at 72,987.03, while the Nifty also saw a slight dip of 0.08%, closing at 22,200.55. In terms of sectoral performance, Nifty PSU Bank, Nifty Energy, and Nifty …
The Nifty 50, a key benchmark index representing the 50 largest companies by market capitalization on the National Stock Exchange of India, has delivered a healthy return of 21.31% in the past year. However, not all constituents of the index have kept pace with this growth. Notably, 21 stocks from the Nifty50 Index have underperformed, …
During Wednesday’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 Today, Suzlon Energy’s stock hit a high of Rs 42.2 with a traded volume of 42,743,772 shares. Currently trading at Rs 42.2, it marks a 4.98% increase from the previous …
Suzlon Energy is an Indian Multinational wind turbine manufacturer founded in 1995, It is headquartered in Pune. The shares of the wind turbine manufacturer may see a massive inflow as of the latest rejig of MSCI. Suzlon Shares may see inflows of $14 million Suzlon Energy Ltd. was one of the nine stocks that were …
