Sales decline 25.95% to Rs 22.46 crore
Posts in category Business Standard
PCBL consolidated net profit rises 8.90% in the March 2024 quarter (24-05-2024)
Sales rise 40.40% to Rs 1928.78 crore
Nandish Shah of HDFC Securities recommends Bull Spread on Bank Nifty (24-05-2024)
Bank Nifty May F&O expiry strategy: Buy BANK NIFTY (29-May Expiry) 48,900 CALL at Rs 376 & simultaneously sell 49,400 CALL at Rs 174
PE funds partly behind the 62% drop in India’s net FDI? Samir Arora’s view (24-05-2024)
The ace fund manager was reacting on ‘X’ to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24
Finolex Cables stock hits record high; zooms 19% on healthy Q4 results (24-05-2024)
Finolex Cables stock update: The company’s board also recommended a dividend of 400% i.e. Rs 8 per share on face value of Rs 2.
Dollar Index Futures Firm Above 105 Mark (24-05-2024)
The dollar index futures firmed up above 105 mark and is set for a weekly gain of 0.65% amid reduced expectations of a near term interest rate cut. Gains in greenback were driven by robust S&P surveys known as the Purchasing Managers Index (PMI) and encouraging weekly Jobless Claims figures, both indicative of a healthier US economy. S&P Global Manufacturing PMI for the US increased to 50.9 in May, up on a monthly basis from 50.0 in April, surpassing forecast of 50.0. Service sector PMI rose to 54.8 from 51.3 in the previous month, exceeding the prediction of 51.3 on a monthly basis. Meanwhile, US Department of Labor reports 215K employment insurance beneficiaries in the week ending May 18, lower than the estimated 220K and the prior week’s figure of 223K, implying a resilient labor market. Among the basket currencies, EURUSD and GBPUSD are quoting marginally higher at $1.0820 and $1.2692 respectively.
IndiGo stock strategy: Up to 18% upside seen post Q4; check target prices (24-05-2024)
IndiGo share price: IndiGo has announced a plan to launch a tailor-made business product for India’s busiest and business routes
JK Lakshmi Cement shares rally 7% on healthy Q4; up 15% in last one year (24-05-2024)
The surge in JK Lakshmi Cement share was fuelled by robust Q4FY24 results, which came in line with street estimates
Adani Enterprises stock at 16-mth high; here’s what aided the recent gains (24-05-2024)
Adani Enterprises stock update: The stock was up 2 per cent in Friday’s intra-day deals after the company said its board will meet on 28 May to consider fund raise.
Barometers pares all gains ; realty shares decline (24-05-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 49.69 points or 0.06% to 75,368.41. The Nifty 50 index added 18.75 points or 0.08% to 22,948.90.