Posts in category Economic Times
Strong fundamentals behind stock market rally, focus on long term investment: Experts (28-05-2024)
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said. The benchmark Sensex on Monday scaled 76,000 level for the first time while the Nifty hit a new lifetime peak of 23,110.80.
IRCTC Q4 Results: Cons PAT rises marginally to Rs 284 crore, but revenue jumps 20% YoY (28-05-2024)
IRCTC Q4 Results: The PAT was reported at Rs 278 crore in the year-ago period. The consolidated revenue from operations for the reported quarter stood at Rs 1,155 crore as against Rs 965 crore reported in the year-ago period. The consolidated net profit was, however, down on a sequential basis by 5% versus Rs 300 crore.
Jagran Prakashan Q4 Results: Net profit slides 74% to Rs 6.02 crore, revenue up 11% YoY (28-05-2024)
Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Tuesday reported a 74.1 per cent decline in its consolidated net profit to Rs 6.02 crore for the fourth quarter ended on March 31, 2024.
NBCC Q4 Results: Ney profit jumps 26% YoY to Rs 136 cr (28-05-2024)
State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024. Its net profit stood at Rs 108.4 crore in the year-ago period.
Gensol Engineering Q4 Results: Net profit grows to Rs 20 crore (28-05-2024)
Gensol Engineering Ltd on Tuesday reported a nearly three-fold jump in its consolidated net profit to Rs 20 crore during the March 2024 quarter, on account of higher revenue.
Meme stock GameStop jumps 17% after raising $933 million in share sales (28-05-2024)
Meme stock GameStop soared nearly 20% in premarket trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally earlier this month.
These 6 stocks hit fresh 52-week highs; have rallied up to 25% in a month (28-05-2024)
Hitting a 52-week high is significant as it indicates the stock's peak value over the last year, which is crucial for traders and investors.
RBI Guv launches PRAVAAH, Retail Direct mobile app and FinTech repository (28-05-2024)
The Reserve Bank of India (RBI) has launched three major initiatives to enhance regulatory processes, facilitate retail investment, and provide comprehensive data on the fintech sector. The PRAVAAH portal is a secure web-based platform for individuals and entities seeking authorizations, licenses, or approvals from the RBI. The RBI Retail Direct mobile application simplifies transactions for retail investors, and the FinTech Repository provides data on Indian fintech firms for better regulatory understanding and policy formulation.
Hindalco likely to raise up to $1.09 billion from Novelis share sale (28-05-2024)
The Aditya Birla Group company will offer 45 million common shares, or 7.5%, of Novelis at an estimated price band of $18 - $21 per share, it said in a statement, announcing that it has launched a roadshow for the IPO.
S&P 500, Nasdaq open higher as investors await inflation data (28-05-2024)
The Dow Jones Industrial Average fell 40.6 points, or 0.10%, at the open to 39,028.99.