Posts in category Economic Times
Ramkrishna Forgings Q4 Results: Net profit surges 31% YoY to Rs 87 crore (02-05-2024)
Ramkrishna Forgings Ltd (RKFL) on Thursday reported a 31 per cent rise in standalone net profit to Rs 87.30 crore for the January-March quarter of 2023-24. Its net profit was at Rs 66.82 crore in the January-March period of 2022-23, the company said in an exchange filing.
Tata Projects Q4 Results: Firm posts PAT of Rs 120.5 crore (02-05-2024)
EPC firm Tata Projects on Thursday reported a profit after tax of Rs 120.57 crore for the quarter ended March 31 on the back of higher revenues. The company had posted a loss of Rs 366.42 crore in the year-ago period, Tata Projects said in a statement.
Gold climbs Rs 500; silver jumps Rs 400 (02-05-2024)
Gold prices climbed Rs 500 to Rs 72,350 per 10 grams in the national capital on Thursday amid a rally in precious metal rates in the global market, according to HDFC Securities. In the previous session, it had closed at Rs 71,850 per 10 grams.
Ventura initiates coverage on VIP Industries, sees upside scope of 35% (02-05-2024)
“Over FY23-27, we are expecting the company’s revenue/ EBITDA/ net earnings to grow at a CAGR of 14.6%/16.4%/18.5% to Rs 3,593 crore/Rs 581 crore/Rs 300 crore, respectively, while EBITDA and net margins are expected to improve by 96 bps to 16.2% and 105 bps to 8.4%, respectively. Return ratios – RoE and RoIC – are expected to improve by 694 bps to 30.7% and 2647 bps to 58.3% by FY27,” the brokerage report states.
Technical Breakout Stocks: REC, CESC and Power Grid hit fresh highs; here’s how to trade power stocks on Friday (02-05-2024)
Rally was seen in power and utilities indices, which were up over 1% each, followed by gains in auto and metal stocks. Some profit taking was seen in banks, telecom and consumer durables.
Tech View: Nifty bulls using every dip to go long. What traders should do on Friday (02-05-2024)
The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide below the support could trigger some more weakness ahead, Nagaraj Shetti of HDFC Securities said.
Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share (02-05-2024)
The acquisition process is expected to get completed by Q2FY25.
Stock market update: FMCG stocks down as market rises (02-05-2024)
The 30-share BSE Sensex closed up 128.33 points at 74611.11
ICICI Bank, Axis Bank among 5 stocks with top long unwinding (02-05-2024)
In Thursday's trading session, five stocks witnessed a top long unwinding.
Stock market update: Nifty Auto index advances 1.13% (02-05-2024)
The Nifty Auto index closed 1.13 per cent up at 22733.5.