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DCB Bank jumps on entering into partnership with Max Life Insurance Company

DCB Bank jumps on entering into partnership with Max Life Insurance Company

11 July 2023

At 2:30 pm, the shares of DCB Bank were trading at Rs 127.60, up by 2.00% from its previous closing of Rs 125.10 on the BSE.  DCB Bank has entered into partnership with Max Life Insurance Company. Through this collaboration, Max Life and DCB Bank will provide a variety of life insurance products to the …

Cyient DLM continues its upward surge; jumps 25% since listing!

Cyient DLM continues its upward surge; jumps 25% since listing!

11 July 2023

Cyient DLM, established in June 1993, is a trusted partner and supplier of electronic and mechanical manufacturing systems to major players across various industries. They offer Design Led Manufacturing (DLM) solutions, taking responsibility for design, manufacturing, testing, and certification support. Their focus is on ensuring that customers’ products meet rigorous standards in terms of reliability, …

IFGL Refractories jumps 10%; here’s why!

IFGL Refractories jumps 10%; here’s why!

11 July 2023

The bulls on the D-Street were charging with unyielding vigour, propelling both key benchmark indices to new heights. With the Nifty soaring above the 19,500 mark and the Sensex breaching the 65,800 mark, the market was abuzz with excitement. The enthusiasm extended beyond the major indices, as all sectoral indices experienced a surge, led by …

Sanghvi Movers wins Rs 150 cr order in renewables Energy Sector

Sanghvi Movers wins Rs 150 cr order in renewables Energy Sector

11 July 2023

Sanghvi Movers Ltd, a crane rental firm, has received work orders worth Rs 150 crore from prominent Independent Power Producers (IPPs) in the renewable energy industry. The firm will provide crane rental services as well as related services such as WTG surface logistics, inter-carting, WTG installation and pre-commissioning, wind farm development, and storage yard. Crane …

Foxconn withdraws from USD 19.5 billion joint venture with Vedanta

Foxconn withdraws from USD 19.5 billion joint venture with Vedanta

11 July 2023

On July 10 Foxconn, the prominent Taiwanese electronics manufacturing company, announced its decision to withdraw from a joint-venture project with Vedanta, a company involved in semiconductor manufacturing.  India’s Vedanta Shares fell over 2% today, that is the day after Taiwan’s Foxconn said it withdrew from a USD 19.5 billion semiconductor joint venture with the metals-to-oil …

Tata Motors touches all-time high: Q1 FY24 JLR retail sales up by 29%

Tata Motors touches all-time high: Q1 FY24 JLR retail sales up by 29%

7 July 2023

Tata Motors, in the exchange filing today, shared a business update regarding the Jaguar Land Rover (JLR) sales for the first quarter of FY24. JLR is the wholly owned subsidiary of Tata Motors Ltd. JLR announced today that it achieved higher sales in the first quarter of FY24, covering the period from April to June …

Sobha Ltd soars over 5% with strong volumes; breaks the trend reversal pattern

Sobha Ltd soars over 5% with strong volumes; breaks the trend reversal pattern

7 July 2023

On the last trading session of the week, the Nifty index opened on a negative note due to global cues. However, it managed to recover from the initial losses and achieved a new all-time high. Following this record-breaking level, a sudden wave of profit booking caused a sharp decline, and it is currently trading near …

Equitas Small Finance Bank 36% shares rise on strong deposit growth during Q1FY24!

Equitas Small Finance Bank 36% shares rise on strong deposit growth during Q1FY24!

7 July 2023

Equitas Small Finance Bank has reported a 36% rise in total deposits to Rs 27,709 crore (Provisional) as of June 30, 2023 (Q1FY24) as compared to Rs 20,386 crore as of June 30, 2022, and on a QoQ basis stood at Rs 25,381 crore as of March 2023. Its gross advances were up by 36% …

Shares of Titan gain 3% in early trade after Q1 update!

Shares of Titan gain 3% in early trade after Q1 update!

7 July 2023

Yesterday, Titan Company Limited announced the quarterly update for Q1 of FY24. Today shares of the company surged by 3% in early trade and hit a fresh 52-week high at Rs 3211.10. Yesterday the scrip closed at Rs 3105.70 and today it opened at Rs 3149 and currently, it is trading at Rs 3179.60 up …

IDFC First Bank records a 25% growth in loans & advances during Q1FY24!

IDFC First Bank records a 25% growth in loans & advances during Q1FY24!

7 July 2023

IDFC First Bank’s loans and advances grew from Rs 1,37,663 crore as of June 30, 2022 (Q1FY23) to Rs 1,71,420 crore as of June 30, 2023 (Q1FY24), Year-on-Year (YoY) growth of 24.5%. The quarter-on-quarter (QoQ) growth was 6.7%. Its customer deposits grew from Rs 1,02,868 crore as of June 30, 2022, to Rs 1,48,508 crore …

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