On Tuesday, UTI Asset Management Company announced that its profit after tax (PAT) more than doubled to Rs 234 crore in the fiscal year 2024’s June quarter. In the same quarter last year, the firm earned Rs 92 crore in profit. According to UTI AMC, the company’s overall revenue from operations increased by 60% to …
Larsen and Toubro Ltd (L&T), a renowned construction and engineering company, announced its decision to conduct a buyback offer for the first time in its illustrious eight-decade history on Tuesday. The buyback plan aims to repurchase shares valued at up to Rs 10,000 crore from the company’s public shareholders. The company considering a buyback offer …
ADR stands for American Depositary Receipt. It is a financial instrument that represents shares of a foreign company’s stock and trades on a U.S. stock exchange. ADRs are denominated in U.S. dollars and offer U.S. investors an easy way to invest in foreign companies without the need to directly buy shares on foreign stock exchanges. …
Tata Motors released its financial results for the first quarter of FY24 today. During Q1 FY24, the company experienced a significant boost in revenue from operations, witnessing a YoY increase of 42.5%, rising from Rs 71,227.76 Crore to Rs 101,528.49 Crore. When compared sequentially, the company’s revenue showed a decline of 3.32%, going from Rs …
Torrent Power Ltd announced the launch of public EV charging stations in Ahmedabad according to the latest exchange filing on Monday. In July 2023, in Ahmedabad, Gujarat Torrent Power Ltd, ventured into the Electric Mobility Infrastructure Sector. They have successfully established an initial set of 4 EV charging stations in Ahmedabad, with plans to launch …
Sensex closed with a marginal decrease of 0.04%, while Nifty closed slightly higher by 0.04%. Nifty Midcap recorded a gain of 0.39%, while Nifty Smallcap declined by 0.11%. Among the top gainers were Nifty Metal, Nifty Media, and Nifty Energy, while Nifty FMCG, Nifty Realty, and Nifty PSU Bank were among the top losers. Hindalco, …
On Tuesday, the shares of ITCONS E-Solutions Limited soared 4.63%. the 52-week high and low are Rs 52.75 per share and Rs 33.01 per share, respectively on BSE. The company’s current market capitalisation is Rs 22.73 crore. On July 24, 2023, the company entered into a 3-year agreement with Affine Analytics Private Limited (“Affine”) to …
Shares of Shalibhadra Finance Ltd experienced a sharp rise today, hitting the upper circuit. It began the day at Rs 157, a flat opening compared to the previous day’s closing price of Rs 156.80. The stock surged by 20% during the intraday session with significant volume. Currently, while writing this article the shares of the …
The stock that grabbed the spotlight is TCPL Packaging, a company known for manufacturing folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. It has also expanded into the flexible packaging industry, showcasing capabilities in producing printed cork-tipping paper, laminates, sleeves, and wrap-around labels. TCPL Packaging is promoted by the …
JK Paper reported a 12.71% increase in net profit for the quarter ended June 30, 2023, to Rs 230.87 crore, up from Rs 204.84 crore in the previous year. However, the company’s total income fell by 1.96% to Rs 1,424.39 crore in Q1FY24, compared to Rs 1,452.83 crore in the previous year’s same quarter. On …
