Benchmark indices closed nearly 1% down on Thursday after the Reserve Bank decided to keep the policy rate unchanged for the ninth time in a row. Stocks that were in focus include names like Symphony, which rose 10.35%, Apollo Tyres, which fell 1.48%, and Shree Cement, whose shares declined 3.66% on Thursday. Here’s what Kushal … Read more
Shree Cement on Tuesday reported a 51.3% year-on-year (YoY) decline in its consolidated net profit to Rs 278.6 crore for the quarter ended June 30, 2024. The company reported a net profit of Rs 572.3 crore for the corresponding quarter of the last financial year. Meanwhile, the revenue from operations stood at Rs 5,123.9 in … Read more
May 19, 2024, 11:07:23 AM IST 1/8 Dividend Dispensers With the fourth quarter earnings season, companies rewarded their shareholders with dividends for the financial year 2024. Companies announced dividend amounts as high as Rs 55 per share.Here’s a list of 7 companies that announced dividend in the last week: ETMarkets.com The telecom major Bharti Airtel … Read more
India’s stock market concluded the financial year 2023-24 on a buoyant note, with the Nifty jumping nearly 28.6%, making it one of the top-performing markets in the world. Agencies The index’s performance is also its second-best in the previous 10 years. Mid- and small-cap stocks were the top performers in the April-March period, while the … Read more
In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
Shares of cement stocks on Wednesday rallied up to 5% after Japanese broking firm Nomura upgraded four of them and raised their target prices. Stating that the cement momentum will continue in India, Nomura has upgraded Ultratech to buy from neutral with a target price of Rs 11,500. Dalmia Bharat’s target has been raised to … Read more
