Posts in category Economic Times
Sensex ends 128 pts higher, Nifty above 22,650 mark; midcaps outperform (02-05-2024)
The BSE benchmark Sensex climbed 128 points or 0.17% to close at 74,611, while the broader NSE Nifty advanced by 43 points or 0.19% to settle at 22,648.
Rupee ends mildly lower on foreign banks’ dollar buys; forward premiums decline (02-05-2024)
The Indian rupee ended weaker on Thursday, despite an uptick in its Asian peers, as dollar demand from foreign banks weighed on the local currency, alongside importers' hedging demand.
OMC stocks jump over 8% after crude oil plunges to two-month low. HPCL top gainer (02-05-2024)
Crude oil prices hitting a two-month low this week fuelled strong movement in stocks of domestic oil marketing companies (OMCs) which jumped over 8% on Thursday.
Adani Wilmar food business should double for next 3-5 years: Angshu Mallick (02-05-2024)
Adani Wilmar expects improved margins in FY25 with a focus on oil meal products and distribution efficiency. Angshu Mallick foresees doubling the food business volume to two million tonnes in the next four years.
IndiGo shares climb 3% on order for wide-body aircraft; Kotak raises target price (02-05-2024)
In Thursday's trading session, shares of InterGlobe Aviation, the operator of IndiGo Airlines, surged 3% to reach a record high of Rs 4,098.45 on the BSE. This uptick followed the company's announcement of placing an order for 30 Firm A350-900 aircraft.
South Indian Bank Q4 Results: Net profit dips 14% to Rs 288 crore (02-05-2024)
South Indian Bank on Thursday reported a 13.88 per cent decline in March quarter net profit to Rs 287.56 crore. The private sector bank posted a net profit of Rs 333.89 crore in the January-March period of the 2022-23 fiscal year.
ArcelorMittal maintains global and India demand growth view (02-05-2024)
In its short-range outlook released last month, the World Steel Association said that it expects global demand to go up by 1.7% on year. AMNS India – in which ArcelorMittal has a 60% equity interest – produced 1.98 million, and sold 2.02 million tonne of steel during the March quarter.
Adani Enterprises Q4 Results: Cons PAT declines 38% YoY to Rs 451 crore (02-05-2024)
Adani Enterprises Q4 Results: The company's board has recommended a dividend of Rs 1.30 per equity share for the financial year 2023-24. The consolidated revenue from operations for the reporting quarter stood at Rs 29,180 crore, marginally up by 0.81%.
Netweb Technologies shares hit 5% upper circuit after Q4 net profit soars 182% YoY (02-05-2024)
For the fourth quarter of FY24, the company's net profit surged 181.8% to Rs 29.66 crore as against Rs 10.52 crore in the corresponding period of last year.
Vishal Malkan on what to buy in consumer durable stocks now (02-05-2024)
Vishal Malkan discusses market trends, stock selections, and potential breakouts in various sectors. He emphasizes the importance of chart analysis for identifying breakout levels and volume trends, suggesting potential price targets for specific stocks.