Mazagon Dock Shipbuilders reported a 51% year-on-year decline in its Q4FY25 consolidated net profit at Rs 325 crore versus Rs 663 crore posted in the year ago period. The company’s revenue from operations in the said quarter stood at Rs 3,174 crore, gaining by 2.3% over Rs 3,103 crore reported in the corresponding quarter of … Read more
Mazagon Dock Shipbuilders shares nosedived 13% to an intraday low of Rs 2,207.30 on the BSE on Monday after the government announced it would exercise the oversubscription option to sell an additional 1.18% stake in the company through its ongoing offer for sale (OFS). This increases the total offer size to 4.01%, according to an … Read more
Equity indices rallied on Tuesday, tracking a positive trend in the global markets and unabated foreign fund inflows. The 30-share BSE Sensex advanced 273 points to settle at 65,617, while the broader Nifty climbed 83 points to end at 19,439. Stocks that were in focus include names like Vedanta, which was lower by 1.59%, Mazagaon … Read more
Indian stock market closed in the green for the second straight day on Tuesday. The S&P BSE Sensex rose more than 270 points while the Nifty50 reclaimed 19400 levels. Sector-wise, buying was seen in telecom, capital goods, consumer durables, and power stocks while selling was visible in metals and banks. Stocks that were in focus … Read more
NEW DELHI: With hardly any analyst coverage, the stock of defence PSU has been rallying silently for the last few weeks. The stock, which ended 11.6 per cent higher at Rs 394.80 on BSE on Monday, has delivered an impressive return of nearly 42 per cent in the last one month. “Given the government’s thrust … Read more