Q4 Results Roundup: How Kalyan Jewellers, Tube Investments, Pfizer India, Karur Vysya Bank fared
Tube Investments reported a rise of 84% in net profit, reaching Rs 251 crore. Pfizer India saw a marginal increase in net profit to Rs 130 crore. Kalyan Jewellers’ consolidated revenue for the quarter stood at Rs 3,382 crore, an 18% YoY growth. Karur Vysya Bank reported a 64% YoY increase in net profit to […]
US dollar falls from five-week high as data, debt ceiling weigh
The dollar retreated from its five-week high due to the poor manufacturing index in New York and consolidation of gains from last week, but rises in US bond yields provided some support.
Formal job creation under ESI scheme grows 8.1% in March
As per the provisional payroll data of ESIC, released by the ministry of labour and employment on Monday, around 19,000 new establishments have been registered and brought under the social security umbrella of Employees’ State Insurance Corporation in the month of March, 2023, thus ensuring more coverage.
Easing policy may not be easy even at 18-month low inflation
Driven largely by base effect, headline retail CPI inflation is expected to drop further with the JUne quarter inflation below 5 percent. The Reserve Bank in its April policy statement projected CPI inflation at 5.2 per cent for 2023-24, with April-June Q1 at 5.1 per cent.
NSE Q4 Results: Net profit rises 19% YoY to Rs 1,810 crore; co to pay Rs 80/share dividend
The National Stock Exchange of India (NSE) has reported strong financial results for the March quarter with a 32% YoY growth in operating income to Rs 3295 crore. The NSE reported total operating income of Rs 11,181 crore for the year-ended March, a 44% growth compared to the previous year.
Chartbusters! 5 smallcap stocks give double-digit returns in last 3 days, volumes surge
ETMarket’s analysis of BSE smallcap stocks reveals that 12 stocks from the have shown a consistent increase in prices, trading volumes, and delivery volumes over the last three sessions. Notably, out of these stocks, five have demonstrated a double-digit price increase. This is indicative of a bullish trend in these stocks, as it suggests that […]
No need for India to worry about inflation for the time being: Jayesh Mehta
Now, with the current inflation data, there are very few people who are thinking that there could be a rate hike because of the language spoken in the last policy. They have also given up the rate hike situation. As far as rate cut is concerned, right now of course the easiest path is to […]
Siemens, ABB India among 9 stocks that gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, nine stocks crossed their previous five-year high value at the close on May 12, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look
Volatility not going to go away for next 12 to 18 months: S Naren
I think we are in the middle that is the challenge that you do not have a situation where I do not think we are in greed, if you have greed you will have huge local mutual fund inflow.
Pricing is key as Gautam Adani seeks to raise $2.6 billion
Adani Enterprises Ltd. and Adani Transmission Ltd., two companies of Gautam Adani’s group, have received approval to raise up to $2.6bn in a Qualified Institutional Placement. The board of the flagship company, Adani Enterprises, approved up to $1.5bn, while Adani Transmission can seek up to $1.1bn via similar means. The shares of Adani Group were […]