The board has approved the buyback of 665,000 equity shares at Rs 900 per share via the tender offer route
Posts in category Business Standard
Gold price remains stable at Rs 60,160, silver price unchanged at Rs 78,000 (24-07-2023)
The price of 22-carat gold remained flat, with the precious metal selling at Rs 55,150
Jay Bharat Maruti freezes at 5% upper circuit on stock split plan (24-07-2023)
In past three months, the stock price of the company has more-than-doubled or zoomed 123 per cent, as compared to 11 per cent rise in the S&P BSE Sensex.
ITC surpasses HUL to become the most-valued FMCG stock after 4 years (24-07-2023)
Thus far in calendar year 2023, the share price of ITC has appreciated by 48 per cent, while HUL’s stock price has gained 1.3 per cent and the Sensex 8.8 per cent, respectively.
RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results (24-07-2023)
The company reported a 10.8% year-on-year dip in its consolidated net profit to Rs 16,011 crore owing to weak profitability seen in the O2C business
Stocks to Watch: RIL, ICICI Bank, Paytm, IGL, Biocon, YES Bank, Cyient DLM (24-07-2023)
Stocks to Watch on July 24, 2023: Tata Steel, HDFC AMC, Canara Bank, IDBI Bank, TVS Motor will announce their Q1 results today
Sensex falls for 2nd day, slips 299 pts; ITC sheds 4%; auto stocks gain (24-07-2023)
CLOSING BELL ON JULY 24, 2023: The NSE Nifty ended with a loss of 73 points; Reliance down 2% was the other major laggard on Monday.
Nifty, Bank Nifty likely to consolidate in the near-term (24-07-2023)
According to Ravi Nathani, an independent technical analyst, all the Nifty may seek support in the range of 19,550 – 19,300 levels.
Threads see dip in engagement: Here’s what brands, creators think of future (23-07-2023)
When Meta launched Threads, it was billed as a ‘Twitter-killer’ as 100 million signed up within days of launch. But just like other rivals to Twitter, Threads seems to be losing traction.
New data apps tracking firm Sensor Tower indicates the hype has died down and Threads has seen a 20 per cent decrease in active users and a 50 per cent reduction in time spent on the app, from 20 minutes to 10 minutes.
Twitter had seen about a 5 per cent decrease in traffic right after Threads’ launch earlier this month.
Threads isn’t the only Twitter alternative to gain and lose traction. Mastodon saw millions of signups immediately after Elon Musk bought Twitter in a USD 44-billion deal. But since late last year, Mastodon has failed to keep users’ interest.
Bluesky, backed by Twitter’s co-founder Jack Dorsey, has also piqued some interest but hasn’t really caught up.
Twitter has built its reputation around live breaking news, making it the go-to platform for millions during events — political
M-cap of 5 of top-10 valued firms at Rs 4.23 trn with major share from HDFC (23-07-2023)
Five of the top-10 most valued firms together added Rs 4,23,014.4 crore in market valuation last week, with major contributions coming in from HDFC Bank, which recently completed the merger with its mortgage financier parent HDFC.
HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.
Last week, the 30-share BSE Sensex jumped 623.36 points or 0.94 per cent.
While HDFC Bank, ICICI Bank, ITC, State Bank of India and Bajaj Finance were the gainers, Reliance, Tata Consultancy Services (TCS), Hindustan Unilever, Infosys and Bharti Airtel suffered erosion from their market valuation last week.
HDFC Bank’s market valuation jumped Rs 3,43,107.78 crore to reach Rs 12,63,070.52 crore.
The market capitalisation (mcap) of State Bank of India zoomed Rs 27,220.07 crore to Rs 5,48,819.01 crore, and that of ICICI Bank jumped Rs 24,575.78 crore to Rs 6,97,413.50 crore.
ITC added Rs 21,972.81 crore, taking its valua