In the worst case scenario where the NDA is unable to secure a majority (seats less than 272), analysts at Bernstein expect ‘heavy profit booking’ in the markets with low or negligible returns
Posts in category Business Standard
Gland Pharma surges 11% amidst stellar Q4 results; profits grow two fold (23-05-2024)
On Wednesday, Gland Pharma reported a two fold jump or 145 per cent increase in consolidated net profit, reaching Rs 192.4 crore for the January-March period of FY24
Benchmarks reverse losses; PSU bank shares advance (23-05-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 348.53 points or 0.43% to 74,569.59. The Nifty 50 index added 97.65 points or 0.43% to 22,695.45.
Go Digit debuts on a quiet note; lists at 5% premium to issue price (23-05-2024)
Post listing, the Go Digit stock touched a high of Rs 294.75, commanding a 8 per cent premium to its issue price of Rs 272 per share on the NSE.
Paytm drops 3% after Q4 loss broadens; check trading strategy here (23-05-2024)
The decline followed the company’s announcement of its Q4 results, which fell short of market expectations. Paytm’s loss widened to Rs 549.6 crore in Q4FY24
Petronet LNG Q4 PAT rises 24% YoY to Rs 734 cr (23-05-2024)
The liquefied natural gas importer’s consolidated net profit jumped 24.16% to Rs 734.07 crore in Q4 FY24 as compared with Rs 591.24 crore reported in Q4 FY23.
Go Digit General Insurance gains on debut (23-05-2024)
Shares of Go Digit General Insurance were currently trading at Rs 296.70 at 10:08 IST on the BSE, representing a premium of 9.08% as compared with the issue price of Rs 272.
Shipbuilders stock at new peaks; Here’s what triggered the up to 18% rally (23-05-2024)
Shares of shipbuilding firms in India soared to record high levels in trades on
Thursday after Garden Reach Shipbuilders reported strong Q4 earnings.
Power Grid slides as Q4 PAT declines YoY to Rs 4,166 cr (23-05-2024)
Power Grid Corporation of India slipped 4.07% to Rs 312.55 after the company’s consolidated net profit declined 3.62% to Rs 4,166.33 crore on 2.5% fall in revenue from operations to Rs 11,978.11 crore in Q4 FY24 over Q4 FY23.