Synopsis Rising oil prices, delayed privatisation, under recoveries and threat from EV’s. News around the energy sector, specifically the oil-marketing companies like IOC, is mostly negative. Now look at the other side. Dividend yield of 11 percent and a track record of paying uninterrupted dividend for decades. Further, valuations – both on absolute and relative … Read more
Shares of , a subsidiary of , tumbled 15.3% to Rs 198.30 in Thursday’s intraday trade after the company recorded a 99% sequential decline in standalone profit at Rs 27.88 crore in Q2FY23 as against Rs 2,358 crore in Q1 FY23, impacted by windfall tax on exports. The standalone net profit slumped 57.4% to Rs … Read more
Indian market started on a strong note on Friday tracking positive global cues. The S&P BSE Sensex rallied over 500 points while the Nifty50 reclaimed 17,000 levels in the first 15-minutes of trade. Sectorally, the rally was seen in metals, realty, auto, capital goods, and power stocks while some selling was visible in the healthcare … Read more
New Delhi: Seasoned investor Dolly Khanna made a fresh entry in multibagger stock during the April-June period, the latest shareholding data suggested. Khanna held 48,69,474 equity shares or a 3.27 per cent stake in the company as of June 30, 2022. Her name was missing from the key shareholders’ list at the end of the … Read more
Crisis-hit Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country’s worst economic crisis due to the shortage of foreign exchange reserves. With the second fuel price hike since April 19, now the most-used Octane 92 petrol would … Read more
MUMBAI: An unusual battle is brewing in the stock market. Its fate will decide who will become the next Nifty50 stock and be counted as part of the elite circle of India’s stock market. According to brokerage firm , there are two candidates to be included in the next reconstitution of the premier stock index … Read more
Mumbai: Avenue Supermarts, owner of , and online job posting website operator (India) are in the running for inclusion in the benchmark Nifty, according to Alternative Research. The brokerage said currently the calculations do not show any confirmed Nifty inclusion or exclusion candidates. Edelweiss said supermarket chain operator Avenue Supermarts meets most of the criteria … Read more
Indian Oil Corporation (IOC) on Friday posted around 13 times growth in consolidated net profit at Rs 6,025.81 crore for the quarter ended September 30. It had reported a profit of Rs 468.04 crore in the corresponding quarter last year. A drop of 18.78 per cent YoY in total expenditure aided the bottomline of the … Read more
Synopsis The energy intensity of India’s GDP decreased by more than 20% over the past decade. Our share in global CO2 emissions is around 6%, versus a population share of about 16%. Per-capita emissions are 1.6 tonnes of CO2, versus the global average of 4.4 tonnes. By Gaurav Bhatiani & Sanjeev AhluwaliaDelivering the 19th Darbari … Read more