Jindal Steel and Power Ltd (JSPL) on Wednesday reported 38 per cent fall in consolidated net profit at Rs 860 crore for September quarter, on account of lower revenue. It had posted a net profit of Rs 1,390 crore for the period ended September 2023, the company said in a statement.
Posts in category Economic Times
S&P 500, Dow futures surge to record high as Trump wins U.S. presidency (06-11-2024)
Futures tied to the S&P 500 and the Dow soared to record highs on Wednesday as Republican Donald Trump won the 2024 U.S. presidential election, capping his return four years after he was voted out of the White House.
Bitcoin’s record high amid US election: Could new policies ignite the next bull run? (06-11-2024)
Bitcoin recently surged to a new all-time high of $75,000, fueled by the US election results. Historically, US elections have acted as catalysts for Bitcoin’s price surge. With Trump’s victory, Bitcoin could potentially reach $100,000 by late 2025. A pro-crypto US administration could stabilize markets and attract institutional investors, positively impacting the global crypto market, including India.
How good will President Donald Trump be for Indian stocks? Analysts decode (06-11-2024)
Equity investors, traditionally favouring Republicans in Washington, welcomed Trump’s mandate, anticipating potential tax cuts, increased government spending, and deregulation. Optimism is also building around the possibility that the new administration may maintain favorable H-1B visa policies, which has sparked a rally in previously struggling IT stocks.
Power Grid Q2 Results: Net profit flat YoY at Rs 3,793 crore; Rs 4.50 per share dividend announced (06-11-2024)
Power Grid reported a flat net profit of Rs 3,793 crore in Q2FY25. Revenue from operations was also flat at Rs 11,278 crore. The board approved an interim dividend of Rs 4.50 per share. The company has also approved the sale of a 26% stake in four associate companies to PowerGrid Infrastructure Investment Trust (PGInvIT).
Gold falls Rs 150 to Rs 81,150 per 10 gm; silver flat (06-11-2024)
Gold prices fell by Rs 150 to Rs 81,150 per 10 grams in the national capital on Wednesday in line with weak global trends, according to the All India Sarafa Association. Subdued demand from jewellers and retailers also impacted the prices, the association said. However, silver remained flat at Rs 96,700 per kg.
Tech View: Nifty forms long bull candle for 2nd day. How to trade on Thursday (06-11-2024)
Nifty’s short-term trend remains positive, with a strong breakout above the immediate resistance at 24,500 potentially paving the way for a quick move towards the 25,000 mark. Immediate support is positioned at 24,350, according to Nagaraj Shetti of HDFC Securities.
ICICI Bank, Eicher Motors among 5 stocks with short covering (06-11-2024)
Short covering typically leads to a reduction in open interest and can push the stock price higher. In Wednesday’s session, five stocks experienced short covering.
Rupee hits record low as Trump claims victory, regional currencies drop (06-11-2024)
The Indian rupee fell to a record low on Wednesday, hurt by a sharp rise in the dollar and U.S. bond yields as Republican Donald Trump claimed victory in the U.S. presidential election.
FIIs losing faith? 87 stocks see reduced stakes over last 4 quarters, 7 plummet 20-55% in 1 year (06-11-2024)
Our analysis focused on stocks with a market cap exceeding Rs 1,000 crore. While many of these stocks have seen substantial gains over the past year, we identified 7 stocks that declined by over 20% during the same period.