Posts in category Business Standard
Bharat Heavy Electricals Ltd leads gainers in ‘A’ group (03-05-2024)
Godfrey Phillips India Ltd, Ajanta Pharma Ltd, IFCI Ltd and Piramal Pharma Ltd are among the other gainers in the BSE's 'A' group today, 03 May 2024.
Coal India rallies 4% on decent quarter; brokerage retains ‘Buy’ on stock (03-05-2024)
At 11:43 AM, the shares of Coal India were trading 3.41 per cent higher at Rs 468.70 per share on the BSE. In comparison, the S&P BSE fell 0.66 per cent to 74,117 levels
Dollar Index Futures Near 3-Week Low; Monthly Jobs Report Awaited (03-05-2024)
The dollar index is lingering around a near 3-week low on Friday as Feds Powell ruled out any possibility of a rate hike in it FOMC meeting. The Federal officials however stay concerned about sticky inflation levels in the US and refrain from cutting policy rates too soon. Investors now shift focus to April non-farm payrolls data later in the global day for further cues on Federal stance on interest rates. Currently, dollar index futures are quoting marginally down on the day at 105.14, tracking falling treasury yields with benchmark 10-year yields quoting at 4.5%. Easing geo political tensions in the Middle East are also reducing safe haven demand for the greenback that is seen willing to break below 105 mark. Among the basket currencies, EURUSD and GBPUSD are staying almost steady at $1.0753 and $1.2551 respectively.
Shriram Properties acquires 4 acre land parcel in Bengaluru (03-05-2024)
For development of residential project with revenue potential of Rs 250 cr
Coforge slides as Q4 PAT declines 6% QoQ to Rs 224 cr (03-05-2024)
Coforge slipped 8.87% to Rs 4,544 after IT company's consolidated net profit decreased 6.01% to Rs 223.7 crore on in Q4 FY24 as compared to Rs 238 crore in Q3 FY24.
Happy Forgings wins multi-year export order for supply of axle components for e-SUVs (03-05-2024)
The value of the order is approximately Rs 50 crore per annum on fully ramped up supply volume and approximately Rs 320-350 crore for the entire period.
Market sell-off continues; IT shares tumble (03-05-2024)
At 11:25 IST, the barometer index, the S&P BSE Sensex, declined 458.84 points or 0.60% to 74,159.23. The Nifty 50 index fell 97.70 points or 0.43% to 22,550.50
CEAT slips as Q4 PAT slides 19% YoY; declares dividend of Rs 30/ share (03-05-2024)
CEAT declined 3.87% to Rs 2,519.35 after the company's consolidated net profit fell 18.80% to Rs 108.56 crore in Q4 FY24 as compared net to Rs 133.70 crore posted in corresponding quarter last year.
CEAT stock plunges 9% as Q4 net misses Street expectations (03-05-2024)
CEAT stock reacts to Q4 earnings; CEAT March quarter net dipped 23 per cent YoY to Rs 102 crore as against the Bloomberg analyst expectations of Rs 169 crore.
Coforge slips 10% post Q4 results, acquisition of Cigniti Technologies (03-05-2024)
The stock of Coforge is trading at its lowest level since June 2023. With today's decline, it corrected 34 per cent from its 52-week high of Rs 6,840 touched on February 19, 2024