The shares of Tolins Tyres debuted at the bourses on Monday with a premium of 0.44%. The stock listed at Rs 227 on BSE as against an issue price of Rs 226. Meanwhile, the stock listed at Rs 228, up 0.88% or Rs 2 on NSE. Ahead of the public issue, Tolins Tyres has secured … Read more
PN Gadgil Jewellers, the second largest organised jewellery players in Maharashtra, has announced that its initial public offer (IPO) will be launched on September 10. The issue size is pegged at Rs 1100 crore. The company’s IPO comprises a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. … Read more
At a time when the larger fintech industry is grappling with issues around stagnating private market valuation and a slowdown in venture funding, the stock price of insurance marketplace Policybazaar’s parent has been on a tear. At close of trading Monday, PB Fintech had a market capitalisation of $9.8 billion. Its stock price has crossed … Read more
Having outperformed the broader Nifty 50 index in the last one year, the Nifty IT index rallied 8.5% in the last 7 consecutive sessions to reach its new peak at 41,7746.55 in Tuesday’s session. The Nifty IT Index has surged 32% last year, with the recent outperformance driven largely by a healthy first quarter, especially … Read more
Sanjay Kumar Jain, Chairman & MD, IRCTC, says IRCTC is running 48 Vande Bharat trains out of 117 prepaid trains. So, the majority of the prepaid trains earnings come from Vande Bharat train at the moment. Also, e-catering is growing very fast. The numbers are not very high at the moment, but the growth is … Read more
As we conclude the Q1FY25 earnings season, a detailed analysis indicates a steady landscape with subdued topline growth. The Bank and Auto stocks within the Nifty 50 demonstrated noteworthy performance by exceeding the Nifty 50’s overall sales growth. However, the underperformance of the Infrastructure, Pharmaceuticals, and Metal stocks within Nifty 50 tempered the earnings growth … Read more
Satish Pai, MD, Hindalco, says this quarter the sales were much higher than expected. The demand was very strong, and operational efficiencies were good. The company got a higher number, but there was also some amount of hedge accounting noise that came in, which can always go either way. So, on a consistent onward-going basis, … Read more
The first quarter earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC. Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance … Read more
The first quarter earnings season is underway and as many as 95 companies will announce their quarterly numbers on Monday. Key results to watch out include that of Adani Total Gas, HPCL, Adani Wilmar and ACC. Apart from the above, companies like Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun … Read more
Tips Industries’ net profit increased by 61% to Rs 44 crore for the quarter ended June due to robust revenue growth and efficient content investment. Operating profit was up 55% to Rs 54 crore. Revenue from operations jumped 40% to Rs 74 crore. The company’s YouTube subscriber base reached 104 million, with views increasing 29% … Read more
