The Central Bank of India’s financial performance for the first quarter of the current financial year (likely FY 2024-25) seems positive. Profit: There was a significant year-on-year (YoY) growth of 110% in profit after tax, reaching Rs 879.94 crore. Sequentially (compared to the previous quarter), net profit increased by around […]
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Two of Nazara’s subsidiaries, Openplay Technologies and Halaplay Technologies, have been issued notices by the Indian government for potential Goods and Services Tax (GST) liabilities totaling nearly Rs 1,120 crore. The notices are likely show cause notices, which means the government is proposing this GST liability but is giving the […]
Significant price increase: The stock price currently experiencing a 20% upper circuit , which is a substantial gain in a single day. Multi-year high: This increase pushed the stock price to its highest level in several years. MTNL did indeed struggle to meet its financial obligations. They were unable to […]
Deepinder Goyal, the founder and CEO of Zomato, did indeed join the coveted billionaire club thanks to the significant surge in Zomato’s share price over the past year. Zomato’s Stock Performance: Zomato’s shares have seen a remarkable increase, with some reports indicating a rise of over 300% since July 2023. […]
Profit growth: Net profit is expected to show a significant increase, with estimates ranging from 17% to 19% YoY . Margin improvement: Potentially lower input costs could lead to an expansion of EBITDA margins by 90-100 bps YoY . Bajaj Auto’s stock price has been on a positive trend in […]
The Indian stock markets performed well on Monday, July 15th, 2024, despite weak global trends. The Nifty 50 index, which tracks the performance of the 50 largest companies listed on the National Stock Exchange of India, ended near 24,600, after reaching an intraday high of 24,635. This is close to […]
Order Win: Apollo Micro Systems secured a project from the Indian Army for a Vehicle Mounted Counter Swarm Drone System (VMCSDS). Stock Surge: The company’s stock price jumped 5% and hit the upper circuit limit, meaning there were more buyers than sellers at that price. This indicates strong investor interest. […]
Record High: Aurobindo Pharma’s stock price reached an all-time high today, July 15th, 2024. Buyback Proposal: This surge comes after the company announced their board will meet on July 18th to consider their first-ever share buyback program. Investors are likely reacting positively to the potential buyback, which could increase the […]
The Indian stock market rose today, with the Nifty 50 index closing at a new high of 24,635. The Sensex also gained 290 points. This is positive news for the Indian economy, as it suggests that investors are confident in the country’s future prospects. There are a number of factors […]
Strong Gains: Oil India’s stock price has surged by 17% in just the last two days. Market Cap Nears Milestone: This impressive rally has pushed Oil India’s market capitalization close to the coveted 1 trillion rupee mark. Continued Momentum: It’s unclear if the rally will continue, but the recent performance […]