So far this calendar year (CY23), shares of Caplin Point have declined 0.4 per cent, as against 1 per cent rise in the S&P BSE Sensex
The management said it focused on driving an improved product mix with new products comprising products to aid revenue growth
Prices to be capped at 50% of innovator price; to be reviewed after one year
The company reported 38.7 per cent YoY growth in Q4FY23 net profit at Rs 471.80 crore, backed by 28.6 per cent rise in revenue at Rs 4,974.40 crore.
From a low of Rs 1,356 apiece, the stock vaulted 6 per cent to hit an intra-day high of Rs 1,439
For the entire fiscal year (FY22-23), operating revenues jumped 14.2 per cent YoY to Rs 4,848 crore for the IT company, whereas gross profit gained 2 per cent to Rs 1,348 crore
Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.
For Q4FY23, total revenue stood at Rs 621 crore, up 24 per cent year-on-year, from Rs 500 crore logged in Q4FY22
In the past one month, shares of South Indian Bank soared 20 per cent, as against a 2 per cent rise in the S&P BSE Sensex
Among the new additions to the MSCI Small Cap index, KFIN Technologies, Syrma SGS Technology and Ujjivan Small Finance Bank have rallied up to 6 per cent.
Executives from the US private equity investor's Hong Kong office have visited India to understand the country's private lending opportunities in recent months
F&O View: Options data suggest likely resistance for the stock in the range of Rs 3,670 - 3,750; Support Rs 3,500 - Rs 3,550.
Tata Motors Q4 preview: Analysts see double-digit revenue and profit growth on the back of strong growth across India and JLR business
Bourses NSE, BSE brought up the issue during Zee-Sony merger hearing
Stocks to be assigned 'zero' value if they get locked in lower circuits that day
Stocks to watch today: Mankind Pharma has confirmed that the Income Tax Department conducted a search at some of the premises/ plants related to the Company and some of its subsidiaries
The derivative analyst from HDFC Securities recommends to Buy ACC 1,800 CALL at Rs 45.5 & simultaneously sell 1860 CALL at Rs 22.5
Stocks to be assigned 'zero' value if they get locked in lower circuits on May 31
The recent bullish run has propelled Nifty Commodities into an overbought zone, implying optimal trading strategy to capitalise on any upward price movements by selling, said technical analyst
The stock fell over 5% after results on lower than expected show in core E&C segment, and possibility of slowdown in new orders