Posts in category Economic Times
185% rally in 2 years! This multibagger PSU rail stock declares Rs 5 dividend (28-05-2024)
RITES declares Rs 5 per share dividend with Q4 results, continuing its growth trend with 185% increase in 2 years. Marginal decline in Q4 net profit, revenue down 6.3% YoY. Stock price falls 3.3% to Rs 709.
Why Indians borrowing more and saving less shouldn’t worry you (28-05-2024)
DK Joshi, Chief Economist at CRISIL, highlights a shift in household savings towards higher return financial assets like mutual funds and stocks. He expresses concern over the higher borrowing growth rate compared to savings growth rate.
Stock market update: Power stocks down as market falls (28-05-2024)
The 30-share BSE Sensex closed down 220.05 points at 75170.45
Sensex slumps for third day, ends 220 points lower amid profit booking; RIL, banks drag (28-05-2024)
Tuesday's volatile trade saw rampant profit booking. Reliance Industries, Bharti Airtel, ITC, Power Grid, ICICI Bank, and Axis Bank were the top contributors pulling down the Sensex. DOMS Industries closed 2.6% higher boosted by the company's net profit growth of 29% YoY to Rs 47 crore in the March-ended quarter.
Rupee slips on importer dollar demand, forward premiums inch up (28-05-2024)
The dollar index slipped below the 104.5 mark, extending its losses from Monday, while most Asian currencies ticked up, with the Korean won up 0.4% and leading gains.
Indian stocks to rise another 7% this year, says Emkay Investment (28-05-2024)
Emkay Investment Managers predicts a 7% rise in India's Nifty 50 stock index by year-end, emphasizing valuations, sector preferences, and market reactions to election outcomes.
3M India Q4 Results: ‘Post-it’ maker posts profit rise; shares surge (28-05-2024)
3M INDIA-RESULTS/'Post-it' maker 3M India posts Q4 profit rise; shares surge
TVS Supply Chain Solutions Q4 Results: Firm reports consolidated PAT of Rs 5.38 crore (28-05-2024)
TVS Supply Chain Solutions Ltd reported a profit after tax of Rs 5.38 crore for the quarter January-March 2024, with total income growing to Rs 2,433.06 crore from Rs 2,332.53 crore in the same quarter last year, but facing a consolidated net loss of Rs 90.49 crore for the year ending March 31, 2024.
RITES Q4 Results: Net profit marginally falls to Rs 137 crore (28-05-2024)
RITES Ltd reported a 1.59% decline in net profit to Rs 136.67 crore for the March quarter due to a decrease in revenues.
Sterling hits fresh 2-month high versus dollar ahead of inflation data (28-05-2024)
German inflation figures will be released on Wednesday and the wider euro zone's reading on Friday, along with the U.S. core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation.