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: Sun Pharma, Divis Lab, L&T, Asian Paints, SBI, TCS, Ultratech Cement, and Grasim led from the front, rising over 2 per cent each
Star Healthcare rallied 10% to Rs 768 in intra-day today, and has rebounded 64% from its record low of Rs 469.05 touched on July 1, 2022.
The company aims at capacity expansion and increased infrastructure and facilities to meet growth in demand.
CLOSING BELL: Equity markets settled near the low point of the day as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday
With past two days decline, Zomato now trades 46 per cent below its issue price of Rs 76 per share and corrected 76 per cent from its record high level of Rs 169.10 on November 16, 2021.
On April 10, 2022, the board had approved rights issue in the ratio of 2 rights equity shares for every 1 equity share as on record date at a price of Rs 10 per share.
Revenue from operations registered a strong growth primarily led by increase in Enterprise Solution business especially in international markets which grew by 140 per cent YoY.
The ebitda margin was impacted by operational headwinds such as market disruption, modernization of the company's legacy systems, and foreign currency impact of Euro depreciation
CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent
Despite near term headwinds, the management anticipate good growth in FY23 and a surge from FY24.
Shares of Knowledge Marine & Engineering Works (KMEW) has zoomed 44 per cent in the past two trading days
Since April 9, the market price of EECL has more-than-doubled or is up 117 per cent. The stock surpassed its previous high of Rs 343, touched on December 20, 2007
That apart, according to Reuters, Domino's Pizza India franchise to consider taking some of its business away from popular food delivery apps, Zomato and Swiggy, if their commissions rise further.
Results were below estimates on account of lower than expected oil-to-chemical (O2C) profitability, analysts said
CLOSING BELL: Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, ralling over 2 per cent each
At 01:58 PM, Delhivery commanded a market-cap of Rs 50,382 crore, and ranked 95th in the overall m-cap ranking list, BSE data shows
The company said it has been identifying areas of synergies with Tube Investments and the Murugappa Group to take the pillars of growth much higher in the next 3-5 years
The stock has rallied nearly 20% in the past one month on expectation of a strong pick-up in demand on the back of upcoming new launches
Going forward, higher Agri commodity prices, Government agriculture focus, the expectation of a normal monsoon and higher reservoir levels bodes well for agriculture.
The company had fixed July 22, 2022 as the record date for the purpose of sub-division of every 1 equity share of the face value of Rs 10 each into 5 equity shares of the face value of Rs 2 each.