Indian Bank Ltd reported unaudited financial results for the quarter that ended on June 2023 or Q1FY24. Talking about the financials for Q1FY24 on a consolidated basis in comparison to the same quarter last year, the bank’s net profit for the first quarter which ended on June 30, 2023, increased by 41.78% to Rs 1724.39 …
Today, the Sensex is trading lower by 0.16%, while the Nifty is trading lower by 0.07%. In dampen market sentiments, the shares of Praveg Limited soared 2.29%. The company’s current market capitalization is Rs 1,053.76 crore. Today, Praveg Limited has revealed the opening of its second beach resort project in Daman – Praveg Beach Resort …
The shares of Indiabulls Housing Finance experienced a sharp rise today. The stock opened at Rs 128.95, which was 1.09% higher than the previous day’s closing price of Rs 127.55. During the intraday session, the stock surged by 8.43% with significant trading volume. Upon analysing today’s share volumes, it is evident that there has been …
The logistics sector has experienced rapid growth in recent times, thanks to the e-commerce boom, rising disposable incomes, and the government’s focus on infrastructure development in India. For investors seeking businesses with significant growth potential, logistic stocks present a promising opportunity. The expansion of India’s logistics industry is expected to persist, making it an attractive …
The Indian headline indices were trading lower, weighed down by losses in the metals, financial services, and banking sectors. BSE Utilities and BSE Power, on the other hand, attempted to lift indices by gaining more than 1.5% each. Broader indices continued to outperform the main indices by a significant margin. Roto Pumps Ltd, a small-cap …
Pharmaceutical stocks have experienced significant upward momentum, demonstrating substantial growth in both domestic and international markets. The Indian pharmaceutical market has become robust and vibrant, largely due to the success of “Made in India” medicines, which have contributed to some of the best-performing pharma stocks. India holds a prominent position as a major producer of …
The Sensex and Nifty began the day with gains, opening higher by 0.38% and 0.42%, respectively. However, both closed on a lower note, declining by 0.66% for the Sensex and 0.6% for the Nifty. In this volatile market sentiment, the shares of Zydus Lifesciences Limited soared 4.39% and the stock hit a fresh 52-week high …
Jio Financial Services Ltd, the demerged financial lending division of Reliance Industries Ltd, and BlackRock, the world’s largest asset manager, have formed a partnership to establish an asset management company. They plan to invest a total of USD 300 million in this venture. BlackRock the largest asset manager in the world, is poised to collaborate …
The Sensex and Nifty concluded the trading session with a decline of 0.66% and 0.6%, respectively. However, amidst the overall decline, Nifty Midcap managed to close with a gain of 0.27%, while Nifty Smallcap remained relatively unchanged. Among the sectors, Nifty Realty, Nifty PSU Bank, and Nifty Pharma performed well, registering gains. On the other …
The Indian headline indices fell sharply in today’s trading session, pulled down by massive losses in the auto, energy, and oil & gas sectors. In contrast, BSE Realty and BSE Healthcare soared more than 2% in an otherwise weak market. Broader indices outperformed the main indices significantly. Godfrey Phillips India Ltd, one of the top …
