Posts in category Business Standard
Yatharth Hospital & Trauma Care Services consolidated net profit rises 38.78% in the December 2023 quarter (12-02-2024)
Sales rise 21.26% to Rs 166.79 crore
Lexus Granito (India) reports standalone net loss of Rs 3.89 crore in the December 2023 quarter (12-02-2024)
Sales decline 1.19% to Rs 26.55 crore
Khandelwal Extractions standalone net profit rises 160.00% in the December 2023 quarter (12-02-2024)
Sales reported at Rs 0.20 crore
Birla Precision Technologies consolidated net profit rises 95.76% in the December 2023 quarter (12-02-2024)
Sales rise 13.55% to Rs 66.97 crore
Orissa Bengal Carrier standalone net profit declines 33.05% in the December 2023 quarter (12-02-2024)
Sales decline 0.06% to Rs 92.30 crore
Tulsyan NEC reports consolidated net loss of Rs 14.46 crore in the December 2023 quarter (12-02-2024)
Sales rise 13.24% to Rs 252.74 crore
Stocks to Watch today, Feb 12:ONGC, IRCTC, JSW Grp, DRL, Easy Trip Planners (12-02-2024)
Stocks to Watch on Monday, February 12, 2024: Shares of Apeejay Surrendra Park will get listed on stock exchanges on February 12
Akums Drugs files IPO papers with Sebi to raise Rs 680 cr via fresh issue (11-02-2024)
Akums Drugs and Pharmaceuticals Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The initial share-sale is a combination of fresh issue of equity shares worth Rs 680 crore and an offer-for-sale (OFS) of 1.86 crore shares by promoters and an existing investor, according to the draft red herring prospectus (DRHP) filed on Saturday.
Those selling shares in the OFS are Sanjeev Jain, Sandeep Jain and Ruby QC Investment Holdings Pte Ltd.
The company is looking to raise Rs 136 crore through a pre-IPO placement. If such placement is undertaken, then fresh issue size will be reduced. Proceeds from the fresh issue will be used to repay debt, fund working capital requirements of the company, pursue inorganic growth initiatives through acquisition and for general corporate purposes.
Founded in 2004, Akums is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of ...
Large-cap mutual funds infuse Rs 1,287 crore in Jan on profit booking (11-02-2024)
Investors flocked to large-cap oriented mutual funds with influx of Rs 1,287 crore in January, making it the highest fund infusion in 19 months, as a significant run-up in small and mid caps prompted them to book profit.
This is a huge turnaround following a net outflow of Rs 281 crore in December. Also, the quantum was 80 per cent higher than inflows of Rs 716 crore in January last year.
The latest inflow helped push the asset base of large-cap equity category by 26 per cent to Rs 3 lakh crore at January-end from Rs 2.38 lakh crore a year ago.
According to latest data by Association of Mutual Funds in India (Amfi), equity mutual funds focused on large-cap received inflow to the tune of Rs 1,287 crore in January. This was the highest level since July 2022, when the category saw an inflow of Rs 2,052 crore.
Given the significant run-up in small and mid caps, investors are booking some profits and rebalancing into large-caps, Kaustubh Belapurkar, Director - Manager Research at ...
M-cap of four most valued firms jumps Rs 2.18 trn; LIC, SBI lead gainers (11-02-2024)
Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers.
From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively added Rs 2,18,598.29 crore in market capitalisation.
On the other hand, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever and ITC faced erosion from their valuation to the tune of Rs 1,06,631.39 crore.
Last week, the BSE benchmark declined by 490.14 points or 0.67 per cent.
Market valuation of LIC jumped Rs 86,146.47 crore to Rs 6,83,637.38 crore. The share price of LIC on Monday jumped nearly 6 per cent to hit the Rs 1,000 mark for the first time.
SBI added Rs 65,908.26 crore, taking its valuation to Rs 6,46,365.02 crore.
Market valuation of TCS climbed Rs 61,435.47 crore to Rs 15,12,743.31 crore and that of Reliance