Posts in category Business Standard
Board of Shish Industries allots 5.66 lakh equity shares on preferential basis (07-05-2024)
At meeting held on 07 May 2024
Sensex drops 384 pts, Nifty holds 22,300, VIX crosses 17 mark (07-05-2024)
The benchmarks equity indices ended with major losses on Tuesday, bucking positive global cues. The Nifty 50 index settled near 22,300 after reaching an intraday high of 22,499.05. Several factors contributed to the decline. Recent corporate earnings reports, lacking in significant positive surprises, failed to impress investors. Additionally, lower-than-expected voter turnout in the ongoing elections has raised concerns about the outcome, fostering investor caution. Further, some investors are choosing to take profits after the recent market rally, potentially due to valuations perceived as high. Finally, the delay in a potential US Federal Reserve rate cut and persistent global inflation are contributing to a risk-averse investor sentiment. This cautiousness is reflected in the sectoral performance. While FMCG and IT stocks witnessed buying, realty, metals, and PSU banks experienced a slump.
Pound Softens Againsts US Dollar As Drop From Three Week High Extends (07-05-2024)
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Indegene IPO subscribed 7.34 times (07-05-2024)
The offer received bids for 21.20 crore shares as against 2.88 crore shares on offer.
Sonata Software consolidated net profit declines 3.00% in the March 2024 quarter (07-05-2024)
Sales rise 14.53% to Rs 2191.61 crore
Dr Reddy’s Q4 PAT jumps 36% YoY to Rs 1,307 crore (07-05-2024)
The drug major's consolidated net profit increased 36.26% to Rs 1,307 crore on 12.49% rise in revenues to Rs 7,083 crore in Q4 FY24 over Q4 FY23.
BIGBLOC Construction consolidated net profit rises 54.09% in the March 2024 quarter (07-05-2024)
Sales rise 45.97% to Rs 67.95 crore
Shekhawati Poly-Yarn reports standalone net profit of Rs 145.41 crore in the March 2024 quarter (07-05-2024)
Sales decline 43.73% to Rs 24.08 crore
Mishra Dhatu Nigam to acquire 20% stake in JV co (07-05-2024)
To be set up under Defence Testing Infrastructure Scheme of Ministry of Defence
SRF drops as Q4 PAT slides 25% YoY to Rs 422 cr (07-05-2024)
SRF tumbled 6.85% to Rs 2,414.25 after the company's consolidated net profit slipped 24.93% to Rs 422.21 crore on 5.51% decline in revenue from operations to Rs 3,569.74 crore in Q4 FY24 over Q4 FY23.