Posts in category Economic Times
BSE shares fall 3% as provision for SEBI regulatory fees mars Q4 profitability (09-05-2024)
BSE shares dipped 3.3% to Rs 2,726 on NSE as Q4 profit was affected by SEBI regulatory fee provision. Consolidated net profit rose marginally to Rs 106.9 crore despite the provision.
TBO Tek IPO sails through on Day 2. Check subscription, GMP, and other details (09-05-2024)
TBO Tek IPO comprises a fresh equity issue worth up to Rs 400 crore and an offer for sale (OFS) of up to 1.25 crore shares by existing investors. The company's shares are trading with a premium of Rs 550 In the unlisted market.
Jamnagar-based Winsol Engineering’s IPO GMP soars over 250% as issue booked 400x on last day (09-05-2024)
The IPO is entirely a fresh issue of 31.15 lakh shares and through the issue, the company aims to raise nearly Rs 23 crore. The company is offering its shares at Rs 71-75 apiece, and investors can bid for 1,600 shares in one lot.
HPCL Q4 Results: Net profit falls 25% YoY to Rs 2,709.31 crore; co announces 1:2 bonus issue (09-05-2024)
Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported a 25 per cent fall in its March quarter net profit on lower refining margins and announced one bonus share for every two shares held.
Aadhar Housing Finance IPO fully booked on Day 2. Check subscription, GMP and other details (09-05-2024)
The IPO comprises fresh equity issue of up to Rs 1,000 crore and offer for sale (OFS) of up to Rs 2,000 crore by existing investors. Under the OFS, BCP Topco VII will offload shares.
Adani Power shares jump over 7% after Gautam Adani, Rajesh Adani revoke pledged holdings (09-05-2024)
Shares of India's largest private thermal power producer, Adani Power surged 7.4% to Rs 527 after the company's promoters, Gautam Adani and Rajesh Adani revoked pledged shares worth Rs 8,638 crore.
Go slightly defensive; stick to index trading or Nifty 50 stocks: Rahul Sharma (09-05-2024)
Rahul Sharma recommends sticking to index trading or Nifty 50 stocks for stability during market volatility. Specific recommendations include Aurobindo Pharma for delivery side and ITC for trading, with precise target and stop loss levels. He says: "The entire market setup seems to be range-bound with a lot of volatility."
Nomura initiates coverage on 2 PSU defence stocks with upside potential of up to 30% (09-05-2024)
Nomura initiates coverage on HAL and BEL with 'buy' ratings, setting target prices at Rs 4,750 and Rs 300 respectively. HAL favored for aircraft expertise, while BEL for order visibility and margin potential.
Alembic Pharma Q4 Results: Posts higher profit on strong N.America sales (09-05-2024)
Alembic Pharma Q4 Results: Indian generic drugmaker Alembic Pharma reported a 17% rise in fourth-quarter profit on Thursday, driven by strong sales, especially in the key North American market.
ESAF Small Finance Bank Q4 Results: Profit slips 57% to Rs 43 crore (09-05-2024)
ESAF Small Finance Bank on Thursday reported 57 per cent decline in net profit at Rs 43.4 crore for the fourth quarter ended March 2024 on account higher provisions. The Kerala-based bank had posted a net profit of Rs 101.4 crore for the year-ago period.