Real estate stocks have been buzzing on Dalal Street due to lower home loan interest rates coupled with the upcoming festival season which is expected to boost the demand for properties. Already, at least six components of the BSE Real Estate index have more than doubled investors wealth since the lows of March 2020. With …
Marico is aiming to ramp up its revenue from the food portfolio to Rs 850 crore by fiscal 2024, after closing near the Rs 600 crore mark in fiscal 2023. Saffola, the master brand under which Marico offers healthier foods, has expanded the total addressable market to over Rs 10,000 crore, through a portfolio of …
Indian benchmark indices have continued to decline after a strong rally during the corporate earnings season. Heavy selling was observed in the financial services and banking sectors, which benefited the most from foreign investment during the rally. BSE Realty was today’s worst-performing sector, with losses of more than 1% with the majority of its constituents …
In a significant development for the Indian financial markets, the Securities and Exchange Board of India (SEBI) released its annual report on August 7, highlighting a remarkable trend in Foreign Portfolio Investments (FPIs). According to the report, FPIs pulled out Rs 37,632 crore from Indian equities during FY23. While this figure may seem substantial, it …
ITI Limited, a dynamic player in the telecommunications sector, is actively involved in the manufacturing, trading, and servicing of telecommunication equipment, along with providing related services. The company’s primary focus lies in delivering cutting-edge telephone communication services, contributing to a comprehensive spectrum of telecom solutions. Established in 1948 and headquartered in Bangalore, India, ITI Ltd. …
Emami Ltd reported its unaudited financial results yesterday after the market close for the quarter that ended on June 30 2023, or Q1FY24. Today, the stock witnessed a spike in share price after the results. On a standalone basis company has reported a 33.67% rise in its net profit at Rs 129.02 crore for the …
The trading session in the Indian stock market concluded with a marginal downturn, reflecting a decrease of 0.16% for the Sensex and 0.13% for the Nifty. However, in a contrasting display of resilience, Nifty Midcap and Nifty Smallcap indices exhibited strength, closing the day with gains of 0.23% and 0.27%, respectively. Prominently, Nifty PSU Bank, …
The benchmark index S&P BSE 500 opened today at 26,942.18 and made its day high at 26,956.17 and it is trading almost flat, up by around 0.02%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 6% today. Shares of Emami Limited were …
Maruti Suzuki Limited announces an issue of preferential shares to its parent company Suzuki Motors Corporation (SMC) in its latest exchange filing today. The company mentioned that the Board of Directors organized a meeting today and has granted approval for the issuance of equity shares by the Company. This issuance will occur through preferential allotment …
After the merger of the parent company Housing Development Finance Corporation, the investing weight of HDFC Bank in the FTSE Emerging All Cap index increased from 0.81% to 1.52%. FTSE Russell, the index aggregator, announced that this weightage would be implemented gradually in three tranches before March 2024. FTSE stated that the investability weight adjustments …
