Posts in category Business Standard
Escorts Kubota Q3 PAT climbs 49% YoY to Rs 277 cr (08-02-2024)
The tractor maker's standalone net profit soared 48.75% to Rs 277.27 crore in Q3 FY24 as compared with Rs 186.40 crore posted in Q3 FY23.
BoI MF aims to raise Rs 500 cr from multi-asset allocation fund in NFO (08-02-2024)
Bank of India Mutual Fund is targeting to garner at least Rs 500 crore through its newly launched multi-asset allocation fund during the primary subscription period.
The new fund offer (NFO) of Bank of India Multi Asset Allocation Fund, which opened for subscription on February 7, will close on February 21.
The new scheme is designed for investors who are seeking low volatility in their portfolio and exposure to multiple asset classes -- equity, debt and gold -- with better returns.
On the fundraising target, Mohit Bhatia, CEO of Bank of India Investment Managers Private Ltd, told PTI, "We have kept an internal target of at least Rs 500 crore collections across our distribution channels during the NFO period."
He said that the new scheme is aiming to capture the positives of the three asset classes.
"The structural outlook on Indian equities continues to be quite good over the long term. Further, the general outlook on global and domestic interest rates seems to point to a likelih
Market ends with deep cuts; Nifty settles below 21,750 (08-02-2024)
As per provisional closing data, the S&P BSE Sensex tumbled 723.57 points or 1% to 71,428.43. The Nifty 50 index declined 212.55 points or 0.97% to 21,717.95.
CarTrade Tech slides on reporting net loss of Rs 24 cr in Q3 FY23 (08-02-2024)
CarTrade Tech declined 2.54% to Rs 689.90 after the company reported consolidated net loss of Rs 23.55 crore in Q3 FY24 as against net profit Rs 14.05 crore recorded in Q3 FY23.
Garware Hi-Tech hits record high after Q3 PAT climbs 84% YoY (08-02-2024)
Garware Hi-Tech Films (GHFL) hit an upper circuit of 20% at Rs 1904.55 after the company's consolidated net profit surged 83.8% to Rs 55.88 crore on 39.9% increase in revenue from operations to Rs 453.62 crore in Q3 FY24 over Q3 FY23.
China Market extends gains ahead of holidays (08-02-2024)
At close of trade, the benchmark Shanghai Composite index increased 1.28%, or 36.21 points, to 2,865.90. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 3.17%, or 48.43 points, to 1,577.33. The blue-chip CSI300 index surged 0.64%, or 21.30 points, to 3,364.93.
Page Inds gains as Q3 PAT rises 23% YoY; declares dividend of Rs 100/share (08-02-2024)
Page Industries added 1.60% to Rs 36,837.85 after the company reported 23.13% increase in net profit to Rs 152.35 crore on 2.4% rise in revenue from operations to Rs 1,228.77 crore in Q3 FY24 over Q3 FY23.
Greaves Cotton sizzles on reporting multi-fold jump in Q3 PAT (08-02-2024)
Greaves Cotton rallied 5.94% to Rs 169.50 after the company reported consolidated net profit of Rs 58.03 crore in Q3 FY24, steeply higher than Rs 6.43 crore for Q3 FY23.
Euro Cautiously Recovers From 2-Month Lows With $1.08 Mark In Sight (08-02-2024)
Euro is seen dragging along the no change line against the dollar amid lack of data that could provide any major cues to the counter. EURUSD pair is cautiously recovering from near two-month lows but stays short of reclaiming back $1.08 levels. Euro zones economic bulletin also failed to trigger any sharp movements in the pair that is quoting near the flat line at $1.0794. The Governing Council in the Bulletin stated that it is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. Based on its current assessment, the Governing Council considers that the key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to this goal. The Governing Councils future decisions will ensure that its policy rates will be set at sufficiently restrictive levels for as long as necessary. Meanwhile, on the NSE, EURINR is trading at 89.58, up 0.08% on the day.
One 97 Communications Ltd leads losers in ‘A’ group (08-02-2024)
Borosil Renewables Ltd, Mrs Bectors Food Specialities Ltd, UCO Bank and Aarti Pharmalabs Ltd are among the other losers in the BSE's 'A' group today, 08 February 2024.