Page 2 - Stock

Private equity major Apax Partners offloads 2.14% in Shriram Finance

Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at Rs 1,300 apiece

Vedanta stock slips over dip in commodity prices despite in-line Q2 show

Soft prices of commodities including metals is weighing on investor sentiment

Interpol's crack team to 'follow the money' in crypto crimes, says official

Red corner notice not tantamount to international arrest warrant: Jürgen Stock

Thrust on non-par products to yield desired results: LIC chief M R Kumar

We intend to sharpen the focus on bancassurance to steadily and considerably increase its volume, thereby its share in our business, said Kumar

Falling raw material costs to aid margin expansion for Asian Paints

Despite the raw material pressures, the company posted a 172 bps expansion in operating profit margins as compared to the year ago period, given operating leverage benefits

TMB stock ends flat as RBI rejection of proposed chairman has little impact

RBI advised private sector lender to submit a fresh proposal of another Independent Director for the post of Chairman

GIC, Capital Group buy KKR's entire stake in Max Health; stock surges 10%

KKR sold the entire 26.8% stake worth Rs 9,400 cr as part of its exit strategy

Compensation to blame: Amendments to strengthen law on industrial accidents

Proposed amendments to the Public Liability Insurance Act may end the high level of non-compliance among companies

Broking houses cut target price for RIL after disappointing Q1 show

Steepest cuts from Citi and Morgan Stanley; stock sheds 3.33% to end at Rs 2,420

Looking at domestic flows, peak pessimism hasn't reached yet: ICICI Sec CIO

'Foreign institutional investment (FII) is expected to reverse when these macro headwinds stabilise for a few months'

Investors brush aside tariff, margin concerns for SRF; stock rebounds

The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions

ICICI Securities falls 1% as CLSA downgrades rating, earnings view

Shares of the largest listed brokerage have nearly halved this year

Valuation hurdle stiff for DMart despite 26% correction since January

Store additions strong while same store sales declined in Q1

SUVs to tractors: M&M not taking foot off pedal, on recovery road

Favourable agri macros, improving SUV demand, and easing commodity prices augur well for automaker

Reliance stock gains as Akash takes driver's seat at Jio, brokerages upbeat

Succession plan triggered upgrades from brokerages

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

For Bajaj Auto, share buyback worth up to Rs 2,500 crore spurs optimism

Fall in raw material prices, low base, and normal monsoon are other positives

Sun TV rerating rests on capital allocation spin, maintaining ad revenue

IPL valuation bump-up limits downside in stock

Inditex's profitability hits 10-yr high on Zara price hikes; stock up 4.8%

Operating income rose 82% in the three months through April, exceeding pre-pandemic levels, the company said Wednesday

ABB India stock rallies over 10 per cent on strong March earnings

Shares of ABB India on Thursday zoomed more than 10 per cent after the company posted over two-fold jump in net profit for the March quarter. The stock rallied 10.47 per cent to end at Rs 2,224.70 on the BSE. During the day, it zoomed 11.80 per cent to Rs 2,251.50 At the NSE, it jumped 10.20 per cent to settle at Rs 2,220.05. ABB India on Wednesday posted over two-fold jump in net profit at Rs 370 crore for the March quarter compared to the year-ago period mainly on the back of higher revenue. The net profit of the company was Rs 151 crore in the quarter ended March 31, 2021, a company statement said. The company follows January-December financial year. Total revenue rose to Rs 1,968 crore in the quarter from Rs 1,629 crore in the same period a year ago.