Posts in category Business Standard
Mcap of 8 of top 10 valued firms soars to Rs 1.1 trn; RIL biggest gainer (25-02-2024)
Market valuation of eight of the 10 most valued firms jumped Rs 1,10,106.83 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer.
Last week, the 30-share BSE Sensex benchmark rose 716.16 points or 0.97 per cent.
RIL, ICICI Bank, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever Ltd (HUL) were among the gainers while Tata Consultancy Services (TCS) and Infosys saw a combined erosion of Rs 38,477.49 crore in market valuation.
Reliance Industries added Rs 43,976.96 crore to its market valuation at Rs 20,20,470.88 crore. On Friday, shares of oil-to-telecom conglomerate hit a fresh 52-week high of Rs 2,996.15 apiece.
The valuation of ICICI Bank jumped Rs 27,012.47 crore to Rs 7,44,808.72 crore, and that of state-owned insurer LIC surged Rs 17,235.62 crore to Rs 6,74,655.88 crore.
The market capitalisation (mcap) of ITC rallied Rs 8,548.19 crore to Rs 5,13,640.37 crore, and that of Hindustan Unilever Ltd zoomed Rs 4,534.71 crore to Rs .
Juniper Hotels IPO ends with decent subscription (24-02-2024)
The offer received bids for 6.01 crore shares as against 2.89 crore shares on offer.
Foseco India Q4 PAT climbs 33% YoY to Rs 16 cr (24-02-2024)
Foseco India reported 33.14% jump in consolidated net profit to Rs 16.31 crore in Q4 FY23 as compared to Rs 12.25 crore in Q4 FY22.
Tata Power Delhi Distribution standalone net profit rises 1.49% in the December 2023 quarter (24-02-2024)
Sales rise 11.44% to Rs 2197.26 crore
Shakti Pumps bags order worth Rs 84 cr from HAREDA (24-02-2024)
Shakti Pumps (India) announced that it has received work order from Haryana Renewable Energy Department (HAREDA) for supply of 2,443 pumps under KUSUM‐3 scheme.
Rain Inds reports dismal Q4 performance (24-02-2024)
Rain Industries reported a net loss of Rs 1,118.75 crore in Q4 FY23 as against net profit of Rs 89.52 crore in Q4 FY22.
Brokers should be cautious against manipulations in stock mkt: Sebi member (24-02-2024)
Sebi Whole Time Member Kamlesh Chandra Varshney on Saturday cautioned against manipulations in the capital market and urged brokers to keep an eye and prevent such instances.
Clamping down on misdoings, the markets watchdog has been taking action against various entities for manipulations, including front running activities.
Emphasising the importance of investor trust, Varshney said that if there is no trust of investors, "everything will fail".
Manipulations are going on and Sebi cannot intervene in all of them. Some brokers are involved and the broker community should keep an eye as "bad elements can come in the system", he said.
He was speaking at the 13th international convention of the Association of National Exchanges Members of India (ANMI) in the national capital.
The Whole Time Member of the Securities and Exchange Board of India (Sebi) also said that entities should look at technological developments to improve efficiency as well as business.
Aditya Birla Capital invests Rs 50 cr in wholly owned subsidiary (24-02-2024)
Aditya Birla Capital announced that it has made an investment of Rs 50 crore in its wholly owned subsidiary, Aditya Birla Capital Digital (ADBCDL) on right basis.
Advait Infratech forays into IT/IoT business (24-02-2024)
Advait Infratech (AIL) said that it has entered into IT/IoT domain to undertake the development of software and the integration of solar pump devices/smart meters for real-time data monitoring and fault management.
Prashant India reports standalone net loss of Rs 0.02 crore in the December 2023 quarter (24-02-2024)
Sales decline 89.19% to Rs 0.04 crore