Last Diwali, there were around 45 high-priced stocks with a market cap exceeding Rs 1000 crore. Out of these, 34 stocks have delivered double-digit returns since last Diwali. MRF leads the list, trading at Rs 1,22,750 per share, with a 13% gain. Six stocks trade above Rs 20,000 per share, most achieving double-digit returns.
Posts in category Economic Times
10 high-priced stocks soar up to 165% since last Diwali (28-10-2024)
Last Diwali, there were around 45 high-priced stocks with a market cap exceeding Rs 1000 crore. Out of these, 34 stocks have delivered double-digit returns since last Diwali. MRF leads the list, trading at Rs 1,22,750 per share, with a 13% gain. Six stocks trade above Rs 20,000 per share, most achieving double-digit returns.
Indian Oil Q2 Results: PAT plummets 99% YoY to Rs 180 crore; revenue falls 4% (28-10-2024)
Indian Oil Q2 Results: Revenue from operations declined 4% year-on-year (YoY) to Rs 1.95 lakh crore in the reporting quarter, down from Rs 2.02 lakh crore a year ago.
BHEL shares zoom 10% on posting Rs 106 crore profit (28-10-2024)
BHEL shares zoomed 10% after reporting a net profit of Rs 106 crore in Q2FY25, compared to a loss of Rs 63 crore in Q2FY24. Revenue from operations stood at Rs 6,584 crore, up 28% YoY. BHEL shares have nearly doubled in the last year, giving 94% returns. However, they have declined 6.5% and 1.6% in the last 6 months and 3 months, respectively.
We see large opportunities in India, will start manufacturing in US this financial year: Hitesh Doshi, Waaree (28-10-2024)
Hitesh Doshi, Chairman of Waaree Energies, highlights how ALMM is boosting Indian module manufacturing. He discusses the company’s global and domestic expansion strategies. Waaree plans to increase manufacturing capacities and backward integration. Aiming for energy security, the company is optimistic about future growth, driven by green energy initiatives and government support. Waaree remains confident in meeting the growing demand.
V Vaidyanathan on how IDFC First Bank is growing@30% despite MFI business stress & infra loan account write-off (28-10-2024)
IDFC First Bank’s CEO, V Vaidyanathan, reveals stress in the microfinance sector due to multiple adverse events. Despite rising delinquencies, IDFC First fares better than peers. A significant write-off on an infrastructure loan is also highlighted. However, robust deposit growth and overall portfolio health indicate resilience and continued growth prospects.
Shakti Pumps Q2 Results: PAT soars to Rs 101 crore (28-10-2024)
During the second quarter, the company’s revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago.
How the 2024 US elections could impact the DXY and Indian markets (28-10-2024)
The U.S. presidential election will impact the global economy. Policies by Trump and Harris will influence the DXY, Indian rupee, and stock markets. Trump’s tax cuts and tariffs might affect global demand for dollars, while Harris’s capital gains tax and energy policies could weaken the dollar, impacting India’s trade and investment landscape.
How the 2024 US elections could impact the DXY and Indian markets (28-10-2024)
The U.S. presidential election will impact the global economy. Policies by Trump and Harris will influence the DXY, Indian rupee, and stock markets. Trump’s tax cuts and tariffs might affect global demand for dollars, while Harris’s capital gains tax and energy policies could weaken the dollar, impacting India’s trade and investment landscape.
Sun Pharma Q2 Results: Profit rises 28% YoY to Rs 3,040 crore, beats estimates (28-10-2024)
Sun Pharma Q2 Results: Sun Pharma reported a 28% increase in consolidated net profit for Q2, reaching Rs 3,040 crore, up from Rs 2,375 crore last year. Revenue rose 9% YoY to Rs 13,291 crore, surpassing market estimates. EBITDA grew 24% YoY to Rs 3,939 crore, with a margin of 29.6%. Formulation sales in India increased 11% YoY to Rs 4,265 crore, representing 32% of total sales.