Posts in category Business Standard
Dr Reddy’s Labs slumps 5% as brokerages give ‘Reduce’ call post Q4 earnings (08-05-2024)
The miss was driven by lower Revlimid sales, muted growth across markets and higher R&D spends. While the prevailing US tailwinds provide stability, absence of any meaningful approvals for Dr Reddy's
Voltas slips 9% on profit booking after Q4 results disappoints Street (08-05-2024)
Voltas stock price update: The domestic projects continues to grow its order pad and retain a positive outlook given the increased infrastructure spending in the country, the company said
United Breweries records PAT of Rs 81 cr in Q4 FY24 (08-05-2024)
United Breweries reported consolidated net profit of Rs 81.55 crore in Q4 FY24, steeply higher than Rs 9.87 crore posted in corresponding quarter last year.
Dollar Index Futures Hold Firm On Hawkish Fed Remarks (08-05-2024)
The dollar index is holding firm well above its recent lows amid renewed hawkish remarks from Fed officials. The dollar index futures are quoting higher by 0.14% at 105.45, off last weeks low below 105 mark. Minneapolis Fed President Neel Kashkari reportedly said on Tuesday that he cant rule that the next move from the central bank will be a rate hike. He stated that inflation has been largely stalled for the first three months of the year at a rate, roughly 2.7% that policymakers regard as still too far above their target to declare the job finished. Investors await BoE monetary policy decision for the week for further cues on direction. Among the basket currencies, EURUSD and GBPUSD are quoting lower at $1.0759 and $1.2488 respectively.
Pidilite Industries falls over 5% after Q4 results miss street estimates (08-05-2024)
Pidilite Industries' revenue from operations surged nearly 8 per cent to Rs 2,901.9 crore, as against Rs 2,689 crore in the same quarter a year ago
Energy shares gain (08-05-2024)
Energy stocks were trading in the positive zone, with the S&P BSE Energy index rising 135.64 points or 1.13% at 12099.79 at 09:42 IST.
Larsen & Toubro wins news orders in clean energy space (08-05-2024)
The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won multiple orders in India and abroad which stand testimony to its dominant position in the region's clean energy space. According to the company's project classification, the value of these orders range between Rs 5,000 crore to Rs 10,000 crore.
Oil and Gas shares gain (08-05-2024)
Oil and Gas stocks were trading in the positive zone, with the S&P BSE Oil&Gas index rising 340.37 points or 1.22% at 28264.57 at 09:42 IST.
Metal shares rise (08-05-2024)
Metal stocks were trading with gains, with the S&P BSE Metal index rising 330.95 points or 1.07% at 31191.77 at 09:42 IST.
India’s Automobile Retail Registers 27% Growth In April (08-05-2024)
The Indian Auto Retail sector achieved a 27% YoY growth in April 2024, with the combined March-April period showing a 14% YoY increase.