Posts in category Economic Times
Rupee closes mildly weaker, forward premiums slip (27-05-2024)
The Indian rupee closed slightly down on Monday, unable to build on recent gains as local dollar demand pressured the currency even as most of its Asian peers rose.
Gokaldas Q4 Results: Firm reports 54% jump in revenue growth (27-05-2024)
Bengaluru-based apparel exporter Gokaldas Exports reports a 54% increase in consolidated revenue to Rs 818 crore for the quarter ended March 2024. Despite a 6% dip in profit after tax, strategic acquisitions and equity raise bolster the company's financial position.
Hyundai adds more banks for possible record D-Street IPO (27-05-2024)
Hyundai Motor India Ltd. plans to file for an IPO in June, International Financing Review reported earlier Monday, when it also said Kotak and Morgan Stanley were joining the syndicate, citing unnamed people with knowledge of the situation. IFR said the listing could raise as much as $3 billion.
F&O stocks: BHEL, NMDC among 5 stocks with short buildup (27-05-2024)
In Monday's trading session, stocks like BHEL, Zydus Life, NMDC, ABFRL, and Naukri witnessed a build-up of fresh short positions due to a decline in stock prices and an increase in open interest, signaling a short build-up.
ITC Demerger: IiAS advises shareholders to vote against splitting of hotels business (27-05-2024)
IiAS does not see any substantial value unlocking for ITC’s hotel business and thus recommends shareholders to vote against the proposed demerger of the business. The advisory firm called it a lack of clarity on the part of the board of directors on the plan for the 40% holding in the hotels business.
DCM Shriram Industries Q4 Results: Profit rises 23% to Rs 39 crore (27-05-2024)
DCM Shriram Industries reported a 23% increase in consolidated net profit to Rs 38.64 crore for Q4 of the 2023-24 fiscal, driven by lower expenses.
Markets to get surprised on the positive side if the NDA numbers are closer to 400: Manish Sonthalia (27-05-2024)
Manish Sonthalia, CIO at Emkay Investment Manager, discusses potential dark horses in commodities, specifically metal, and highlights sectors like public sector units, BFSI, banks, and IT performing well this year. sonthalia says everything seems to be priced into perfection or more than perfection when it comes to the extreme short term or even the short term.
F&O stocks: Ashok Leyland, Adani Ports among 5 stocks with long buildup (27-05-2024)
In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not.
European shares little changed, inflation data in focus (27-05-2024)
European stocks were subdued on Monday, with several major markets closed and investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.
Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest? (27-05-2024)
Ashok Leyland shares surged nearly 6% on BSE to a record high after reporting a 20% YoY increase in its Q4 net profit.