Shares of state-owned GAIL (India) Ltd on Wednesday jumped around 6% to Rs 209.4 on BSE after reporting a 11% year-on-year (YoY) rise in September quarter net profit to Rs 2,672 crore. Its revenue from operations increased 3.5% YoY to Rs 32,931 crore in the July-September period. The profit growth was led by an increase … Read more
Jun 15, 2024, 01:51:43 PM IST Eleven pure equity mutual funds added a total of 31 new stocks in May across market capitalisations. They also increased their holding in 33 stocks during the month, according to a Nuvama note. Together they have bought shares worth Rs 47,700 crore, the note said. A look into which … Read more
Jun 04, 2024, 02:12:38 PM IST Indian shares fell sharply on Tuesday as early vote-counting trends showed Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance was likely to win a majority, but the extent of the victory was unclear as its lead was narrower than predicted. Following these trends, several stocks crashed by up to … Read more
Gajendra Singh, Member, PNGRB (Petroleum & Natural Gas Regulatory Board), says PNGRB has come out with pricing revision because the companies, because of the volume growth, had made more than 12% returns Since this is a regulated entity, PNGRB is only ensuring that whatever the fine print was, if they are making returns of more … Read more
The Indian market is likely to consolidate on Tuesday, tracking muted global cues. The S&P BSE Sensex rose nearly 1,400 points, while the Nifty50 rose to a fresh record high above 20,700 levels on Monday. The Nifty future closed positive with gains of over 2% at 20,804 levels on Monday. India VIX was up by … Read more
Benchmark indices settled with marginal gains on Thursday in a highly volatile trade. The 30-share BSE Sensex closed 86 points higher at 66,988 and the broader Nifty edged up 36 points to close at 20,133. Stocks that were in focus included names like BHEL, which rose 3.36%, GAIL, which jumped 4.77%, and Hudco, whose shares … Read more
Brokerage firm Nomura maintained a buy rating on Tata Consumer, and CLSA maintained a buy on GAIL India and Bharti Airtel. Also, CLSA has an underperform rating on JSPL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Tata Consumer: Buy| Target Rs 1075 Nomura maintained … Read more
A plethora of companies are scheduled to release their quarterly earnings on Tuesday, and topping the list are Nifty 50 majors Bharti Airtel, Larsen & Toubro, and Tata Consumer Products. Indian Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson … Read more
Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number of independent directors and women directors. In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that … Read more
Indian market is likely to edge higher on Wednesday tracking positive global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed above 19,550 levels on Tuesday. India VIX was up by 2.03% from 11.10 to 11.32 levels in the previous session. Volatility inched higher and caused some discomfort to the … Read more