Posts in category Economic Times
Market Trading Guide: Hindalco, Power Grid among 5 stock recommendations for Tuesday (13-05-2024)
Helped by buying at the fag-end, the 30-share BSE Sensex closed higher by 111.66 points or 0.15% at 72,776.13. The NSE Nifty rose by 49 points or 0.22% to 22,104.05.
Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore (13-05-2024)
Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.
DLF Q4 Results: Net profit jumps 62% YoY to Rs 920.71 crore (13-05-2024)
Realty major DLF Ltd on Monday reported a 62 per cent increase in its consolidated net profit to Rs 920.71 crore in the quarter ended March on higher income amid strong housing sales. Its net profit stood at Rs 570.01 crore in the year-ago period.
Piramal arm buys 9.5% in Annapurna for Rs 300 crore (13-05-2024)
Piramal Alternatives acquired a stake in Annapurna Finance, becoming a top shareholder. Nuveen holds 11%. Kikani cited microfinance's 32% CAGR. Annapurna's AUM is ?10,400 crore. Pattanaik emphasized growth capital's significance.
Shriram Finance to sell housing finance subsidiary to Warburg Pincus for Rs 4,630 crore (13-05-2024)
Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers. Shriram Finance (SFL) holds a controlling stake in SHFL while private equity firm Valiant Partners L.P. (Valiant), Mauritius, holds the remaining ownership. As a part of this transaction, Valiant will also completely divest its equity stake to Warburg Pincus, the company filing said.
GameStop soars over 50% after flag bearer ‘Roaring Kitty’ resurfaces with X post (13-05-2024)
Keith Gill, known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit, was a key figure in the so-called Reddit rally, which saw shares of GameStop surge as much as 21-fold over two weeks in January 2021 before crashing to pre-surge levels in the subsequent days.
Warburg Pincus brings home Shriram Housing Finance co with Rs 4,630 cr buyout (13-05-2024)
Largest Housing Finance M&A, the large buyout for the PE fund in India. Current management to stay at the helm. New brand name to be announced shortly.
These 6 consumer discretionary stocks hit fresh 52-week highs and rallied up to 30% (13-05-2024)
Hitting a 52-week high signifies a stock's highest value in the past year, carrying significant importance for traders and investors.
Karur Vysya Bank Q4 Results: Net profit jumps 35% YoY to Rs 456 crore (13-05-2024)
The bank's net interest income for the quarter improved 11.5% to Rs 996 crore while other income was 57% higher at Rs 629 crore. The net interest margin for the quarter, however, was at 4.19%, down 18 basis points from 4.37% a year ago.
US stocks open higher as investors await inflation data (13-05-2024)
The Dow Jones Industrial Average rose 78.4 points, or 0.20%, at the open to 39,591.28.