Gold climbs Rs 800 to scale new record of Rs 1,03,420 per 10 gram
Gold prices climbed by Rs 800 to hit a fresh all-time high of Rs 1,03,420 per 10 grams in the national capital on Friday due to persistent buying by stockists, according to the All India Sarafa Association.
NIIT Q1 profit dips 44 pc to Rs 4.3 cr; revenue rises 2 pc to Rs 84.1 cr
Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors.
Swiggy shares crack 27% YTD. What’s behind the fall and should you stay invested?
Swiggy shares have fallen this year due to poor financial results. The company is experiencing losses despite revenue growth. Analysts are observing potential signs of recovery in the stock. Key resistance levels are being monitored. A breakout above Rs 425 could lead to further gains. Investors should watch for a possible uptrend.
Nifty logs longest weekly losing run since 2020 crash. Here’s how
Indian markets extended losses for the sixth straight week—longest since April 2020—as US tariff hikes, weak earnings, and persistent FII outflows weighed on investor sentiment. Exporters, especially in textiles and seafood, were hit hardest amid trade tensions.
PG Electroplast shares crash 23% after Q1 PAT drops 54% QoQ; near-term headwinds seen
PG Electroplast shares fell 23% after Q1 net profit dropped 20% YoY and 54% QoQ to ₹67 crore. Despite 14% YoY revenue growth, early monsoon hit seasonal AC sales. Management stays optimistic on long-term outlook.
Info Edge Q1 Results: Cons PAT jumps 27% YoY to Rs 296 crore, revenue up 17%
Info Edge (India) reported a 27% year-on-year increase in consolidated net profit for the June quarter, reaching Rs 296 crore. Revenue also saw a 17% rise to Rs 791 crore. Standalone billings grew by 11.2%, with recruitment business increasing by 9.0% and non-recruitment portfolio growing by 17.6%. However, the recruitment segment faced headwinds and a […]
Manishi Raychaudhuri favors high dividend yield plays as safe havens amid market turbulence
Amidst tariff uncertainties and a weak earnings season, India faces declining earnings estimates and foreign investor outflows. Manishi Raychaudhuri suggests focusing on domestic issues, favoring private sector banks due to their strong performance and technological capabilities. He also recommends considering select industrials, consumer discretionary stocks, and domestic healthcare services for potential growth.
Page Industries Q1 Results: Profit rises 21.5% to Rs 200.8 crore
Page Industries Limited has announced a rise in net profit. The apparel manufacturer’s profit increased by 21.52 percent for the June quarter. The company’s net profit is now Rupees 200.79 crore. Revenue from operations also saw a boost. It increased 3 percent to Rupees 1,316.56 crore. The company’s board has declared an interim dividend.
Reliance Infrastructure and Reliance Power shares fall by 9% each in 2 days
Anil Ambani’s group companies faced a stock plunge. This followed an investigation into a significant bank loan fraud case of seventeen thousand crore rupees. The Enforcement Directorate questioned Anil Ambani. The probe focuses on loans to Reliance Home Finance, Reliance Commercial Finance and Reliance Communications. These loans turned into non-performing assets. Several banks are involved […]
Low ownership and strong commentary fuel LIC’s momentum: Anshul Saigal
Anshul Saigal discusses the market’s current narrow focus on companies with certain earnings growth and limited downside. He notes the insurance sector’s recent momentum due to strong results and low ownership, highlighting LIC’s price appreciation.