The news of JP Morgan raising its target price on Zomato to Rs 340 per share is indeed significant. It’s important to assess Zomato’s recent performance and future growth prospects to understand the rationale behind JP Morgan’s target price increase. Factors such as revenue growth, user acquisition, and profitability will […]
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Equity Fund Inflows: There has been a 9% decrease in inflows into equity mutual funds, totaling Rs 37,113 crore in July. This decline suggests a reduction in new investments or net contributions compared to previous periods. Systematic Investment Plan (SIP) Book: Despite the overall decline in equity fund inflows, the […]
Bharti Airtel A Strong Performance: Bharti Airtel reported a net profit of ₹4,160 crore for Q1 FY25, marking a 158% increase. Revenue rose 3% to ₹38,506 crore, slightly below forecasts. Despite the strong earnings, shares closed 1.66% lower at ₹1,469 on the NSE. The company’s India business revenue grew by […]
MCA to Strike Off Chinese Companies: The Ministry of Corporate Affairs (MCA) in India is set to remove around 400 Chinese companies from the register in the next three months. Reasons for Strike-Off: These companies are being targeted due to incorporation and financial frauds. Loan Apps and Online Job Companies […]
Net Profit Rises 51% to Rs 960 Crore, Misses Estimates; Recovery in Netherlands Offset by India and UK Challenges. Net Profit: Increased by 51% to Rs 960 crore compared to the previous year. Market Expectations:The profit figure fell short of analysts’ estimates. Regional Performance: Netherlands: Showed signs of recovery. India […]
SJVN Limited experienced a remarkable 11% surge in its stock price following the announcement of securing a massive Rs 13,000 crore pumped storage project in Mizoram. This significant achievement highlights the company’s expanding footprint in the renewable energy sector. The project, aimed at enhancing energy storage capabilities, underscores SJVN’s commitment […]
SJVN Limited experienced a remarkable 11% surge in its stock price following the announcement of securing a massive Rs 13,000 crore pumped storage project in Mizoram. This significant achievement highlights the company’s expanding footprint in the renewable energy sector. The project, aimed at enhancing energy storage capabilities, underscores SJVN’s commitment […]
The Revenue Secretary of India, Sanjay Malhotra, defended the recent budget proposal to raise the long-term capital gains (LTCG) tax on listed equities and remove indexation benefits for real estate. Increased Tax on Passive Income: Malhotra argues that a slightly higher LTCG tax on equity (from 10% to 12.5%) is […]
STT Rate on Derivative Trade The STT rate on derivative trades has been increased in the Union Budget 2024. Before Budget 2024 Futures: 0.0125% on the sell side Options: 0.125% on the intrinsic value of options bought and exercised 0.0625% on the premium for options shorted After Budget 2024 Futures: […]
The Indian stock market witnessed a surge today as ITC Limited, a leading conglomerate with a significant presence in the tobacco industry, saw its share price climb by over 5%. The rally was triggered by the Union Budget’s decision to maintain the existing tax structure for tobacco products. The tobacco […]