Zomato, the Indian online food delivery giant, announced its second-quarter results for FY24. According to the details, the company’s top line, that is, revenue from operations, grew significantly by 71%, from Rs 1,661 crore to Rs 2,848 crore in the September quarter of FY24. The company bifurcated the revenue into four major segments. Breaking down …
On Friday, Indian market indices were consolidating during intraday trade. More than 250 stocks locked in the upper circuit, with 176 stocks touching their respective 52-week highs. One stock that grabbed the attention of buyers has provided multibagger returns of 566.20% since its inception. Additionally, on Friday, the stock price skyrocketed and locked in an …
Raymond Group has announced the acquisition of a 59.25% stake in Maini Precision Products Limited (MPPL) for Rs 682 crores, which will be financed through a combination of debt and internal funds. This transaction is contingent upon the necessary regulatory approvals and is anticipated to be finalised within the current fiscal year. This strategic acquisition …
Indian headline indices continued their uptrend today, primarily driven by the robust performance of the real estate, consumer durables, and oil & gas sectors. NBCC (India) Ltd, a prominent player in the civil construction sector, gained attention with its recent announcement regarding substantial project awards to its wholly-owned subsidiary, HSCC (India) Limited. The order is …
In the world of stock market indices, the NIFTY 50 and NIFTY Alpha 50 are well-known benchmarks that represent the performance of the Indian stock market. While both indices are part of the NIFTY family, they serve different purposes and have distinct characteristics. NIFTY 50: The Iconic Benchmark The NIFTY 50, often referred to simply …
At 11 am, Marksans Pharma shares were trading at Rs 113.45, up by 6.44% from its previous closing of Rs 109.40 on the BSE. Marksans Pharma’s wholly owned subsidiary, Time-Cap Laboratories, Inc. has received the Establishment Inspection Report (EIR) from US Food & Drugs Administration (USFDA) for an audit conducted in October 2023. No 483’s …
The Sensex and Nifty are both on an upward trajectory, marking surges of 0.55% and 0.60%, respectively. In parallel, the Nifty Midcap and Nifty Smallcap segments are also exhibiting higher momentum, up by 0.65% and 1.35%, respectively. Examining the constituents of the Nifty 50 index, notable gainers include Apollo Hospitals, Adani Ports and Tata Motors. …
Adani Ports and Special Economic Zone Ltd (APSEZ), a prominent integrated transport utility in India and a member of the diversified Adani Group, achieved a remarkable milestone in October 2023 by handling a total cargo of 37 million metric tons. This represents a substantial YoY growth of 48%. Interestingly, this is the first time in …
The benchmark index S&P BSE 500 opened today at 26,902.74 and made its day high at 26,962.75 and it is trading in green today, up by 0.65% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more …
Tuticorin Alkali Chemicals and Fertilizers Limited (TFL) operates in the realm of commodity chemicals, specializing in the production of various Soda Ash grades and co-producing Ammonium Chloride Fertilizer. Nestled in Tuticorin, Tamil Nadu, the facility is adjacent to the SPIC Fertilizer Plant, where it plays a pivotal role in the chemical manufacturing landscape. Established in …
