Tata Consultancy Services (TCS) reported a 1.1% quarter-on-quarter decline in net profit for the second quarter ended September, totaling Rs 11,909 crore, which was below market expectations. However, the company’s revenue from operations increased to Rs 64,259 crore during Q2 FY24, according to their stock exchange filing. Additionally, TCS declared […]
Ratan Tata’s tenure as chairman of Tata Sons from 1991 to 2012 marked a historic transformation for the Tata Group. Through strategic acquisitions and global expansion, Ratan Tata repositioned the Tata Group from a traditional Indian business house to a diversified global conglomerate. This article delves into his visionary leadership, […]
Tata Technologies’ recent stock movement reflects some interesting dynamics. Despite a cautious outlook from Axis Capital, which initiated a ‘reduce’ call with a price target of Rs 950, the stock rose 4 percent to Rs 1,089, extending gains for the second consecutive session. The brokerage’s concern stems from perceived weak […]
Nomura has issued a “buy” call on Tata Power and JSW Energy, citing a positive outlook for both companies. They forecast an upside of up to 32% based on key factors driving growth in the power and energy sector. Tata Power: Tata Power is benefiting from its strategic focus on […]
HVAX Technologies made a positive stock market debut on the NSE SME platform, listing at a 6% premium over its IPO price. The strong listing reflects favorable investor sentiment towards the company’s public offering, positioning HVAX among the few SME IPOs to enjoy a positive listing day. The company’s solid […]
Saj Hotels made a lackluster stock market debut on October 7, listing at ₹55 per share, a 15% discount from its issue price of ₹65. The ₹27.63 crore IPO, a fresh issue of 425 lakh shares, received a subdued response, being subscribed only 5 times. While retail investors oversubscribed their […]
Kalyan Jewellers India’s stock fell by as much as 5% on October 7, as investors took advantage of the company’s strong Q2 business updates to book profits. Despite a significant 40% increase in the stock over the past three months, which provided an opportunity for profit-taking, the stock continued to […]
The stock of Diffusion Engineers is expected to list at a premium of 10-15% on October 4, despite the recent sharp decline in the benchmark indices. This is due to the strong subscription numbers for its IPO and its healthy financial performance. The IPO was subscribed 114.5 times, with strong […]
The stock split of JTL Industries will result in each shareholder owning twice the number of shares they currently hold. The face value of each share will be reduced from Rs. 2 to Re. 1. This will not affect the overall value of the company or the shareholder’s investment. Ratio: […]
Transformers and Rectifiers (India) Ltd. announced securing a major order worth Rs 565 crore from Power Grid Corporation of India, boosting its shares by 5 percent during trading on October 3. The order involves the manufacturing of transformers and reactors, with deliveries scheduled for FY26. Shares traded at Rs 683.35 […]