Brokerage houses are divided on NHPC in response to the third-quarter results of the Indian public sector hydropower provider. With an increased target price of ₹91, up about 6% from the prior target price of ₹86, JM Financial is still recommending NHPC as a “buy.” Additionally, the brokerage believes that the stock has over 12% … Read more

Shares in Info Edge gained 16% to a day’s high of 8,181.25 on BSE as the company declared a net profit of Rs 242.59 crore for the third quarter ended December 24, a YoY growth of 60.6% from 151.09 crore in the corresponding period last year. The total operations income for the firm was Rs … Read more

The stock of Cummins India experienced a 5 percent increase on February 6 intra-day trading because the company delivered impressive financial results for both the December 31, 2024 quarter and period. During these three days, the stock price has escalated by 14 percent. The Board of Directors decided to give an interim dividend payment of … Read more

SBI, India’s largest state-run lender, reported an 83% year-on-year increase in standalone net profit to ₹16,891 crore in the third quarter of 2024. Meanwhile, on a quarterly (QoQ) basis, the amount was 7.8% lower than the Rs 18,331 crore reported at the same time the previous year. In Q3, net interest income increased by 4% … Read more

Reliance Power’s shares rose 8.64% to Rs 43.37 on the BSE in early trade on Thursday after the business posted a net profit of Rs 41.95 crore for the quarter that ended December 31. This is a significant recovery from a loss of Rs 1,136.75 crore from the previous year. Meanwhile, the company had already … Read more

The parent business of budget carrier IndiGo, InterGlobe Aviation Ltd, has been fined ₹115.87 crore by the GST authorities. The fines assessed were ₹113.02 crore by the Additional Commissioner of Central Goods & Service Tax — Delhi South Commissionerate and ₹2.84 crore by the Joint Commissioner of GST & Central Excise – Chennai South – … Read more

Azad Engineering Ltd, based in Hyderabad, said on Wednesday (February 5) that it had inked a long-term deal with Rolls-Royce PLC, headquartered in London, to manufacture and supply crucial civil aviation engine components. “…we now inform you that Rolls-Royce PLC, London- United Kingdom inks deal with AZAD Engineering Limited, Hyderabad- India to produce CIVIL AIRCRAFT … Read more

Multibagger SME stock: Captain Pipes’ share price has generated remarkable long-term returns for its investors. The company’s strategic initiatives, such as a 2:1 bonus issue and a 1:10 stock split, have significantly increased the number of shares owned by investors, firmly establishing it as a multi-bagger. These business activities have resulted in an exceptional increase … Read more

The three main stock indexes finished higher on Tuesday, boosted by energy companies, as investors found cause to be optimistic about a trade deal between the United States and China after President Donald Trump deferred tariffs on Canada and Mexico. On Tuesday, the United States imposed new 10% tariffs on Chinese imports, to which China … Read more