2:21pm
March quarter results :: Alkem Labs posts profit of Rs 2,900 crore, up Rs 710 crore YoY
>> Profit falls short of estimate of Rs 36 billion
2:11pm
March quarter results :: Ipca Labs posts profit of Rs 59.5 crore as against estimate of Rs 11.4 crore
>> EBITDA was Rs 3.2 billion compared to Rs 1.8 billion last year
>> EBITDA margin was 15.83% compared to 11.98% last year
1:59pm
Market Check :: Stocks hit 52-week high on May 29th
1:48pm
The Madhuri Khera-owned stock has surged more than 100% in six weeks.
The company said in a stock exchange filing that the board of directors of IRIS Business Services is scheduled to meet on Thursday, May 30, 2024 to consider and evaluate proposals for the company to raise capital through one or more permissible mechanisms that the company’s board of directors may deem appropriate. read more
1:39pm
Lok Sabha Elections, Global Signs: Why Sensex Dropped 600 Points Today
For Indian stocks to continue their record rally, Prime Minister Narendra Modi’s party needs to win at least 303 seats in the general election, according to a Bloomberg News survey of market participants. read more
1:12pm
Why are DIIs buying heavily ahead of Lok Sabha elections? Analysts weigh in
As at the end of Q4FY24, the difference between foreign institutional investors (FIIs) and DIIs’ holdings in Indian equities was 1.6 per cent, compared with a gap of 10.3 per cent recorded in March 2015, double the holdings of domestic investors at the time. read more
1:02pm
TCPL Packaging shares rise 8% after fourth-quarter earnings report, profit margins improve year-over-year
TCPL Packaging on Tuesday announced its financial results for the fourth quarter of fiscal 2024. Revenue from operations grew 2 per cent year-on-year to Rs 40,050 crore from Rs 39,260 crore in the same period last year. read more
12:51pm
Indian summer temperatures hit 50 degrees: 5 stocks to add to your portfolio
Ashok Leyland, Balkrishna Industries, Siemens and Bharat Forge were the top gainers, rising over 30 per cent each, while Cummins, Container Corporation of India, Interglobe Aviation, HPCL, Power Grid, Godrej Properties, BPCL, IRCTC and Adani Ports rose between 10-20 per cent during the period. read more
12:30pm
Defense manufacturer MTAR Technologies shares fall 16%, here’s why
However, the company’s revenue grew marginally by 1.2% to Rs 58 billion from Rs 57.3 billion in FY23. EBITDA declined 26.8% to Rs 11.2 billion in FY24 from Rs 15.4 billion in FY23. read more
12pm
PNB Housing fell 8% after around 5% of its shares were transferred in a block trade.
PNB Housing was incorporated in 1988 and promoted by PNB as a deposit-taking HFC registered with National Housing Bank (NHB). In December 2009, PNB sold its 49% stake in PNB Housing and entered into a strategic partnership with Destimoney Enterprises Pvt Ltd (owned by NSR Partners). During FY17, Destimoney Enterprises Ltd transferred its shares in PNB Housing to its holding company Quality Investments Holdings (part of the Carlyle group) pursuant to a specified distribution of assets pursuant to a liquidation plan. read more
