Posts in category Business Standard
9 new entrants in Rs 1 trn m-cap club in ’23; HAL, Varun Beverages make cut (19-07-2023)
Hindustan Aeronautics, Varun Beverages among firms to enter
This defence company’s stock has soared 102% in 2 weeks; posts solid Q1 nos (19-07-2023)
Shares of Premier Explosives were locked in 10 per cent upper circuit after the company's Q1FY24 profit jumped over six-fold to Rs 8.26 crore
Tejas Networks hits new high, surges 9% ahead of June quarter results (19-07-2023)
Thus far in the calendar year 2023, the stock price of Tejas Networks has zoomed 53 per cent, as compared to 9.4 per cent rise in the S&P BSE Sensex
Exchanges revise enhanced surveillance measures for micro small cap cos (19-07-2023)
Leading stock exchanges BSE and NSE have relaxed enhanced surveillance measures (ESM) framework for micro small cap companies that have a market cap of less than Rs 500 crore.
This came over a month after rules were put in place by the bourses to curb volatility in the counters of such firms.
The new framework would be applicable from July 24, according to circulars issued by the exchanges on Tuesday.
Earlier, the stocks under ESM Stage-II were permitted to trade only once a week under the periodic call auction. Now, this has been revised to all trading days.
"Trading permitted with +/- 2 per cent price band on all trading days under periodic call auction," the exchanges said.
However, the norms of 100 per cent margin and trade-for-trade settlement remain unchanged. Besides, rules remain unchanged for stocks that remain under ESM Stage-I.
"In joint discussion of exchanges and Sebi, the current surveillance actions under the ESM framework were reviewed," the circulars noted.
The
Infosys may beat peers on Q1 profit growth; risk to revenue guidance eyed (19-07-2023)
Infosys may post a net profit of Rs 6,245 crore for Q1, up 2 per cent sequentially, much better than the 3-11 per cent QoQ slide in net profits of TCS, HCL Tech and Wipro
HUL Q1 revenue may rise up to 9% YoY; soft RM costs to aid margin: Analysts (19-07-2023)
HUL Q1FY24 preview: As per brokerages, earnings before interest, tax, depreciation, and amortisation (Ebitda) margins is likely to expand up to 63 basis points (bps) YoY to 23.4 per cent
RIL near record high ahead of Jio Financial demerger; up 12% so far in July (19-07-2023)
Analysts value Jio Financial Services at Rs 161/share, which is 1x RIL's treasury stock valuation of Rs 1,087 billion or $13 billion
Rallis India trades flat day after Rekha Jhujhunwala offloads 5.5% stake (19-07-2023)
Tata Chemicals acquired 9.7 million shares of its subsidiary for Rs 208 crore through a bulk deal, with face value of Re 1 each at Rs 215.05 per equity share.
Polycab India enters top-100 most-valued firms’ club; rallies 11% in 2 days (19-07-2023)
With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday morning.
IndusInd Bank surges 4% to highest level since Jan 2020 on healthy Q1 nos (19-07-2023)
The stock was trading at its highest level since January 2020 and has rallied nearly 30% in the past three months