The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
CLOSING BELL ON AUGUST 09, 2023: The BSE benchmark gained over 600 points from the day's low ; BSE Metal index surged 2.5 per cent; Energy and Consumer Durables indices were up over a per cent each.
The stock has rallied nearly 77 per cent so far this fiscal year as against a 12 per cent rally on the benchmark Nifty 50.
The stock was quoting lower for the sixth straight day, falling 13 per cent during the period
As on June 30, 2023, Ircon total order book position stood at Rs 32,486 crore, of which orders worth of Rs 23,613 crore were from railways.
CLOSING BELL ON AUGUST 08, 2023: The NSE Nifty 50 ended 26 points lower at 19,571. Tech Mahindra, Wipro and Bajaj twins bucked the trend and finished with notable gains on Tuesday.
The stock hit a 5-year high of Rs 381.40 and has zoomed 35% in two months and is inching towards its record high level of Rs 428 touched in November 2017
In an exchange filing, the company said that it would start production of the Harley Davidson X440 in September 2023 and commence deliveries from October onwards
With this, the total pending order book pipeline now stands at Rs 2,267 crore
The company is hopeful that the possession of the required land will be made available at the earliest and will reach to the lignite production level as per the requirement of thermal power station.
With a healthy order book, company targets 40-50 per cent growth in revenues in FY24.
The firm's gross profit margin was up 700 bp year-on-year (YoY) to 63 per cent for Q1 due to lower raw material costs. On a sequential basis, gross profit margin improved by 900 bp from 54 per cent
The stock opened higher and hit a 52-week high at Rs 816, before slipping into the negative zone in intra-day deals on Tuesday.
In the recently concluded quarter, the company's consolidated revenue rose 19 per cent YoY to Rs 33,892 crore
Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent
The upward movement in the stock price of the CK Birla Group company has been seen after Ambuja Cement successfully acquired Sanghi Industries in a deal valued at Rs 5,000 crore
Aurobindo said its subsidiary Eugia has received a final approval from the USFDA to manufacture and market Vancomycin Hydrochloride for Injection used in treatment of skin and bone infection.
The biscuit maker's revenue and profit-after-tax (PAT) 8.4/35.6 per cent year-on-year growth in Q1FY24 were below consensus estimates by 2.4/10 per cent, respectively
At 09:15 AM; around 44.24 million shares representing 2.8 per cent of total equity of AGEL changed hands on the BSE, the exchange data shows.
The Union Cabinet on Friday approved Rs 1.3 trillion ($17 billion) worth of investments to drive the next stage of the government's ambitious BharatNet project.
The stock moved higher to Rs 341, a 14% premium against its issue price of Rs 300 per share, after listing at Rs 306.10 on the NSE.