The moves underscore how Silicon Valley insiders are monetizing their holdings after tech stocks rallied to fresh records, rebounding from a 2022 slump caused by accelerating inflation, rate hikes
Posts in category Business Standard
Front-running, insider trading: Amfi rulebook to curb misconduct in a month (09-05-2024)
Move follows Sebi nod for institutional mechanism to curb front-running and insider trading
Market meltdown: Nifty crashes below 22,000 as investor jitters mount (09-05-2024)
The domestic stock market plunged today, with the Nifty 50 crashing below the crucial 22,000 level. A perfect storm of anxieties – election uncertainty, relentless selling by foreign investors, lackluster corporate earnings, and spiking oil prices – clobbered investor sentiment. While the Nifty Auto index defied the carnage, roaring to a record high, most other sectoral indices drowned in the sea of red. Oil & gas, metals, and FMCG stocks bore the brunt of the selling. The expiry of weekly index options injected a shot of volatility into the market.
Gopal Snacks standalone net profit declines 4.15% in the March 2024 quarter (09-05-2024)
Sales rise 6.60% to Rs 350.96 crore
Trishakti Industries reports consolidated net profit of Rs 0.21 crore in the March 2024 quarter (09-05-2024)
Sales rise 669.14% to Rs 53.84 crore
Escorts Kubota Q4 PAT grows 31% YoY to Rs 242 cr (09-05-2024)
The tractor maker’s standalone net profit jumped 30.52% to Rs 242.07 crore in Q4 FY24 as against Rs 185.47 crore posted in Q4 FY23.
Shree Precoated Steels reports standalone net loss of Rs 0.17 crore in the March 2024 quarter (09-05-2024)
Reported sales nil
Medico Remedies standalone net profit rises 75.14% in the March 2024 quarter (09-05-2024)
Sales rise 47.62% to Rs 41.32 crore
ID Info Business Services reports standalone net loss of Rs 0.01 crore in the March 2024 quarter (09-05-2024)
Reported sales nil
Gujarat Inject (Kerala) standalone net profit rises 300.00% in the March 2024 quarter (09-05-2024)
Sales reported at Rs 5.42 crore