The shares of ITC will certainly be in the limelight on Tuesday as the Kolkata-based diversified conglomerate on Monday said that the recently demerged ITC Hotels will be listed on the stock exchanges on January 29. It said ITCHL has obtained requisite listing and trading permission from the National Stock Exchange of India Limited and … Read more
Indian benchmark equity indices, Sensex and Nifty50, opened higher on Tuesday, driven by banking stocks after the Reserve Bank of India (RBI) announced measures to inject liquidity into the banking system following a review of current liquidity and financial conditions. At 1:22 am, the BSE Sensex was up by 892.32 points, or 1.18%, at 76,258.49, … Read more
On January 28, 2025, shares of Kaynes Technology India Ltd experienced a dramatic decline of nearly 19% following the company’s announcement of a revised revenue forecast for the fiscal year 2025. Yet, the company posted a 47% YoY increase in PAT to Rs 66.5 crore from Q3 FY25. At the same time, the Q3 FY25 … Read more
Tata Power Shares will be in spotlight on Tuesday after its step-down subsidiary TP Solar inked Rs 455 crore deal with the Maharashtra State Power Generation Company (MSPGCL) for supplying 300 MWp of solar modules. As per the statement of the company, these modules will be provided across Maharashtra this year only. The contract is … Read more
Bajaj Housing Finance Ltd has recently captured market attention following the announcement of its third-quarter financial results for the fiscal year 2025. The company reported a 25% year-on-year (YoY) increase in its consolidated profit after tax (PAT), reaching ₹548 crore, up from ₹437 crore in the same quarter of the previous year. Around 9:45 AM, … Read more
The SME IPOs have been attracting a lot of investor interest, but the scenario is significantly challenging in the secondary markets, with the BSE SME IPO Index seeing deep correction. Many market players are worried that this is the beginning of a long-term cautious phase as the Index has fallen 16.6% in a month from … Read more
IDFC First Bank announced Q3FY25 earnings on January 25 (Saturday), reporting a sharp drop of 53 percent in standalone net profit to ₹339.4 crore, dragged by increased provisions due to higher loan slippages, compared to ₹715.7 crore in the corresponding period last year. The private sector lender was formed by merging the banking arm of … Read more
Eco Recycling Limited is a waste management company that, in a recent filing to the exchange on January 23, stated its intention to mobilize funds through the QIP procedure. A QIP fundraising process is a technique by which listed companies probably raise capital through the issue of securities, especially to big investors like Qualified Institutional … Read more
FPI has pulled out ₹ 64,156 crore from the Indian equities market to date in January 2025 owing to the Rupee depreciation, US bond yields, and overall weak earnings forecast, as reported by PTI. The selling shows a reversal in investor sentiments since December last year, When investors had pumped in ₹15,446 crore in Indian … Read more
AU Small Finance Bank (AU SFB) saw its shares rise 12 percent in the past month as the stock cut its year-to-date losses to 10.46 percent. The stock is in the news after the SFB submitted an application to the Reserve Bank of India (RBI) for a voluntary transition to a universal bank from a … Read more