The company reported a 21 per cent surge in Q3 consolidated net at Rs 291 crore.
Posts in category Business Standard
Gold, silver prices remain unchanged; yellow metal trades at Rs 57,380 (13-02-2023)
The price of ten grams of 24-carat gold in Delhi, Bengaluru and Chennai is Rs 57,530, Rs 57,430, and Rs 58,250, respectively
MARKET LIVE: SGX Nifty hints weak start; January inflation report eyed (13-02-2023)
Stock market live updates: As of 7:35 am, the SGX Nifty stood at 17,847 levels, down 30-odd points
Charts suggest positive breakout likely for Nifty IT index: Ravi Nathani (13-02-2023)
According to the technical analyst, since the Nifty IT index trades at 30,870.20, it is on the verge of a positive breakout as it hovers near the key level of 31,255
Stocks to watch: M&M, Nykaa, SAIL, Sun Pharma, NALCO, Oil India, Tata Steel (13-02-2023)
Stocks to watch today: SAIL, Nykaa, Power Finance Corporation, Gujarat Gas, Castrol India, Campus Activewear will report the October-December quarter (Q3FY23) results
Domestic market ownership rises for 5th quarter in a row to 24.44% in Dec (12-02-2023)
The equity ownership of domestic investors, including institutions and high networth individuals, touched an all-time high of 24.44 per cent in December quarter, making it the fifth consecutive quarterly increase.
Retail investors’ ownership in the market stood at 7.23 per cent in December 2022, marginally down from 7.34 per cent in September 2022. But in rupee terms, the same increased to Rs 19.94 lakh crore from Rs 19.48 lakh crore in the previous quarter, registering an increase of 2.35 per cent.
In September 2022, the share was 24.25 per cent, according to data collated by market information major Prime Database, based on the shareholding patterns of 1,832 of the total 1,857 companies on NSE for the quarter to December 2022.
According to Pranav Haldea, managing director of Prime Database Group, this was the fifth consecutive quarter of increase from 22.37 per cent in September quarter 2021 and showcases the rising dominance of domestic investors.
Net inflows from domestic …
Six of top-10 firms lose Rs 49,231 crore in m-cap; HUL biggest laggard (12-02-2023)
The combined valuation of six of the 10 most valued firms eroded by Rs 49,231.44 crore last week, with FMCG major Hindustan Unilever taking the biggest hit.
Last week, the 30-share BSE Sensex declined 159.18 points or 0.26 per cent.
While Bharti Airtel, ITC, ICICI Bank and HDFC twins were the other laggards from the top-10 pack, TCS, SBI, Reliance Industries and Infosys posted gains.
However, the combined market valuation gain of the four firms at Rs 35,840.35 crore was less than the total loss suffered by the six companies.
The market valuation of Hindustan Unilever plummeted by Rs 15,918.48 crore to reach Rs 6,05,759.87 crore.
The market capitalisation (mcap) of Bharti Airtel tanked by Rs 12,540.63 crore to Rs 4,29,474.82 crore and that of ITC plunged by Rs 11,420.89 crore to Rs 4,60,932.38 crore.
ICICI Bank lost Rs 6,863.37 crore to stand at Rs 5,95,885.63 crore.
The mcap of HDFC Bank dipped by Rs 1,255 crore to Rs 9,23,933.45 crore and that of HDFC fell Rs 1,233.07 crore to
Six of top-10 firms lose Rs 49,231 crore in m-cap; HUL biggest laggard (12-02-2023)
The combined valuation of six of the 10 most valued firms eroded by Rs 49,231.44 crore last week, with FMCG major Hindustan Unilever taking the biggest hit.
Last week, the 30-share BSE Sensex declined 159.18 points or 0.26 per cent.
While Bharti Airtel, ITC, ICICI Bank and HDFC twins were the other laggards from the top-10 pack, TCS, SBI, Reliance Industries and Infosys posted gains.
However, the combined market valuation gain of the four firms at Rs 35,840.35 crore was less than the total loss suffered by the six companies.
The market valuation of Hindustan Unilever plummeted by Rs 15,918.48 crore to reach Rs 6,05,759.87 crore.
The market capitalisation (mcap) of Bharti Airtel tanked by Rs 12,540.63 crore to Rs 4,29,474.82 crore and that of ITC plunged by Rs 11,420.89 crore to Rs 4,60,932.38 crore.
ICICI Bank lost Rs 6,863.37 crore to stand at Rs 5,95,885.63 crore.
The mcap of HDFC Bank dipped by Rs 1,255 crore to Rs 9,23,933.45 crore and that of HDFC fell Rs 1,233.07 crore to
Macro data, global cues to guide markets this week, say analysts (12-02-2023)
Trading activity in the domestic equity markets this week will be largely driven by inflation data, trend in global markets and foreign fund movement, analysts said.
Participants will also monitor developments related to the Adani Group crisis, which has been a major overhang recently, they added.
“…the movement of crude oil, the dollar index, and US bond yields will be other important factors. The institutional flow will be important as FIIs’ selling has come down after relentless selling in January,” Santosh Meena, Head of Research at Swastika Investmart Ltd, said.
Foreign Institutional Investors (FIIs) offloaded equities worth a net Rs 144.73 crore last week.
This week, the market will be awaiting key inflation data from the US and India for clues on the rate hike trajectory of central banks.
Retail inflation data for both the US and India is scheduled to be announced on Tuesday.
Last week, the Reserve Bank of India (RBI) hiked the key benchmark policy rate by 25 basis point
Sebi proposes to enhance role, accountability of mutual fund trustees (11-02-2023)
Amidst growing scale of the mutual fund industry, capital markets regulator Sebi has proposed to increase the role and accountability of the trustees in a bid to safeguard unitholders’ interest.
In addition, the regulator has suggested to enhance the accountability of board of asset management company (AMC).
Also, Sebi has proposed a common platform for dissemination of public announcements by mutual funds.
In order to have an independent review mechanism for the decisions of AMC from the perspective of the unitholders’ interest across all products and services, Sebi has proposed to mandate that a “Unit Holder Protection Committee (UHPC) should be constituted by board of AMC”.
In its consultation paper, Sebi has suggested that trustees of mutual funds should focus on market abuse by AMC, its employees and mis-selling by the AMC to increase the asset base.
Also, trustees should be responsible for fairness of fees and expenses charged by the AMC, compare its performance with peers a