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: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards
he Tata Group company, engaged in pig iron business, had PAT of Rs 94.72 crore in the year-ago quarter (Q1FY22)
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.
For FY23, the management expects the top line to grow by a double digit, mainly driven by expansion of facilities, addition of new generation products and significant number of product registrations.
The management remains confident of delivering healthy volume growth in the medium to long-term on the back of strong demand momentum.
According to a report, global garment retailers are asking Indian exporters to reduce apparel prices as cotton prices have dropped 16 per cent and the Indian rupee has devalued against the US dollar.
CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent
Adani Total Gas hit a new high of Rs 2,845 on Tuesday, surging 15 per cent in the past three trading days
The company's total order inflow during the current financial year 2022-23 stands at Rs 863 crore
Thus far in July (last eight days), MMFSL has rallied 18 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex.
As on March 2002, TWL had a strong diversified order book position of Rs 15,123 crore across Indian (Rs 10,675 crore) and Italian business (Rs 4,448 crore) operations.
CLOSING BELL: Adani Group shares rallied up to 12 per cent on the BSE in Monday's intra-day trade, in otherwise a weak market, amid the group's foray into telecom business
ITC is expected to post strong 23.3% revenue growth led by 21.8% growth in the cigarettes business, 28% growth in paperboard business & 17.5% growth in FMCG business, ICICI Securities said.
The Group said it has participated in the 5G spectrum auction to provide private network solutions along with enhanced cyber security in the airport, ports & logistics and other businesses
The company launched its generic version of fesoterodine fumarate extended-release tablets that can be used for treating overactive bladder in the US market.
The reaction comes even as Adani Group said it does not intend to be in the consumer mobility space
The company has achieved the highest ever quarterly sales volume of 1.36 million sft in April-June quarter, up by 51.7 per cent year-on-year.
In the past six months, HSCL has outperformed the market by surging 75 per cent, as compared to a 9 per cent decline in the S&P BSE Sensex.
The company expects sustained improvement in business performance over the medium term driven by the recovery in offtake from automobile sector.
HDFC Mutual Fund increased stake in Voltamp Transformers to 5.25 per cent from 4.45 per cent held at the end of March quarter 2022