BSE Sensex slipped 29.07 points or 0.04 per cent to settle at 66,355.71, while NSE Nifty inched up by 8.25 points or 0.04 per cent to end at 19,680.60.


  • July 25, 2023 17:12

    KPIT Technologies net up 20% at Rs 134.4 crore

    KPIT Technologies recorded a 20.1 per cent sequential rise in profits at Rs 134.4 crore in Q1. On a year-on-year(YoY) basis, profits jumped 56.9 per cent.

    Revenue from operations stood at Rs 1097.6 crore, up by 60 per cent YoY. On a quarter-on-quarter(QoQ) basis, revenue was up by 7.8 per cent. In constant currency terms, revenue grew by 51 per cent YoY.

  • July 25, 2023 17:11

    SBI, HDFC Bank, BoB, Axis Bank top lenders for India Inc

    State Bank of India, HDFC Bank, Bank of Baroda and Axis Bank could be accounting for nearly 60 per cent fresh lending towards India Inc. They could be handing out loans to large corporates at rates extremely competitive, that the rest of the industry finds untenable to match.

    According to sources, the price war which began in the corporate lending space back in September 2021 is barely showing signs of abatement.

    “With the hike in repo rates since May 2022, lending rate to large corporates have moved in tandem, and to some extent we don’t have the crazy pricing war we saw till September 2022. But even at the current rates, there is stiff competition in the market, concentrated among a few players,” said a senior banker.

  • July 25, 2023 17:07

    DLF hopeful of surplus cash generation by year-end

    DLF is hopeful of ending the fiscal with a “surplus cash generation” on the back of improved collections and better demand for offerings. The company’s pre-sales guidance continues to be in the Rs12000 crore –13,000 crore range.

  • July 25, 2023 17:04

    L&T Q1 PAT rises 46%, to buy back 3.3 crore shares at up to Rs 3000/share

    Larsen & Toubro’s consolidated net profit for the June quarter rose 46 per cent on year to Rs 2,493 crore, while revenue rose 34 per cent to Rs 47,882 crore, aided by the execution of a healthy opening order book in its projects and manufacturing portfolio. Both profit and revenue were above analyst estimates.

    The board approved buying back 3.3 crore shares through the tender offer route for a maximum price of Rs 3000 per share and for a maximum consideration of Rs 10,000 crore.

    The board also approved a special dividend of Rs 6 per share.

  • July 25, 2023 16:57

    Spandana Sphoorty’s shares lose 4.11 per cent

    The Spandana Sphoorty Financial stock fell 4.11 per cent on the BSE on Tuesday to end at Rs 768.

    The Hyderabad-based microlender announced a profit after tax of Rs 119 crore in the first quarter of the current financial year ended June 30, 2023. In the corresponding quarter of the previous fiscal, Spandana incurred a loss of Rs 220 crore as it wrote-off Rs 702 crore of portfolio.

  • July 25, 2023 16:56

    BSE Sensex: Top gainers and top losers today

    From the Sensex pack, JSW Steel, Tata Steel, NTPC and UltraTech Cement emerged as major winners, closing the day with a gain of up to 3.33 per cent.

    On the other hand, Asian Paints, ITC, L&T and SBI were the laggards, ending the session up to 3.95 per cent lower.

    Of the 30 Sensex stocks, 14 closed the day in green, while on the 50-stock index Nifty 25 scrips ended with gains.

  • July 25, 2023 16:54

    Market outlook: Sensex, Nifty in waiting mode ahead of Fed policy decision, says Vinod Nair

    “Indian indices hovered along the flat line, waiting ahead for the crucial decision of Fed policy. Metal stocks rose due to China’s commitment to provide policy support to its realty sector, while utilities were up in anticipation of demand & improvement in operating margin,” said Vinod Nair, Head of Research at Geojit Financial Services.

  • July 25, 2023 16:48

    OMCs profit likely to touch Rs 1 lakh crore in FY24: Crisil Ratings

    India’s oil marketing companies (OMCs) could see their operating profit rebound to Rs 1 lakh crore this fiscal, compared with an average of about Rs 60,000 crore between FY17 and FY22, and thrice the last fiscal’s low of Rs 33,000 crore, per Crisil Ratings.

    The higher profitability would help improve the sector’s credit metrics which had weakened significantly in the past few fiscals amid muted profitability and significant capital expenditure.

  • July 25, 2023 16:44

    Asian Granito to shut down operations at Idar Plant

    Asian Granito India Ltd has decided to shut down the operations at its Idar Plant. The company will completely shut the production operation with effect from July 31, a stock exchange filing revealed. The company’s stock declined by 1.16% on the NSE, priced at ₹47.

  • July 25, 2023 16:35

    Hitachi Energy India Jun quarter net profit jumps 79.85 pc to Rs 2.41 cr

    Hitachi Energy India Ltd (HEIL) on Tuesday posted a 79.85 per cent jump in net profit at Rs 2.41 crore in the April-June quarter of 2023-24, on account of higher income, per a PTI report.

    It had posted a net profit of Rs 1.34 crore in the corresponding period of 2022-23, the company said in a regulatory filing.

    The total income also increased to Rs 1,043 crore from Rs 991.32 crore in the year-ago quarter.

    Expenses soared to Rs 1,039.62 crore in the first quarter of FY24, as against Rs 989.21 crore a year ago.

  • July 25, 2023 16:31

    Tata Motors Q1 consolidated net profit at Rs 3,300.65 cr

    Tata Motors on Tuesday reported a consolidated net profit of Rs 3,300.65 crore in the first quarter ended June 30, 2023, per a PTI report.

    The company had posted a consolidated net loss of Rs 4,950.97 crore in the same quarter last fiscal, Tata Motors said in a regulatory filing.

  • July 25, 2023 16:29

    Rupee falls 7 paise to close at 81.88 against US dollar

    The rupee pared initial gains to settle 7 paise lower at 81.88 against the American currency on Tuesday, as elevated crude oil prices and a muted trend in domestic equities weighed on investor sentiments.

    Forex traders said the strengthening of the American currency in the overseas market further dented investor sentiments.

  • July 25, 2023 15:37

    Closing Bell: Sensex and Nifty close flat

    Benchmark equity indices Sensex and Nifty ended almost flat in a see-saw trade on Tuesday as investors traded cautiously, awaiting cues from the US Federal Reserve’s policy stance.

    Foreign fund outflows and elevated level of crude oil prices also weighed on the investor sentiment, traders said.

    The 30-share BSE Sensex slipped 29.07 points or 0.04 per cent to settle at 66,355.71. During the day, it touched an intra-day peak of 66,559.29 and hit the lowest level of 66,177.62.

    The NSE Nifty inched up by 8.25 points or 0.04 per cent to end at 19,680.60. The broader index moved between the range of 19,729.35 and 19,615.95.

  • July 25, 2023 15:27

    Prudent Corporate Advisory Services reports jump in Q1 net profit, stock slides 8.13%

    Prudent Corporate Advisory Services ​reported its consolidated financial statements for the quarter ended June 30, 2023, and recorded its net profit at ₹2,805.98 lakh for the quarter against ₹1,937.18 lakh in the previous year. The company’s stock drops by 8.13% on the NSE, trading at ₹1,085.20.

  • July 25, 2023 15:24

    Gulshan Polyols faces halt in surplus rice supply for ethanol production by FCI

    Gulshan Polyols says Food Corporation of India stopped supply of surplus rice from its depts for ethanol production.

  • July 25, 2023 15:20

    MapmyIndia becomes top app on Apple Store

    MapmyIndia’s indigenous mapping and navigation app, Mappls, has secured the top spot on the Apple iOS App Store, leading in all categories, including Navigation.

    Surpassing Google Maps, which ranks 7 th on the App Store, Mappls has also dominated the Maps & Navigation category on the Android Google Play Store, ranking among the Top 15 apps across all types. The app’s rise to No. 1 owes much to the support from users who have praised its unique features, like 3D Junction Views and Safety Alerts, which contribute to a safer and smarter navigation experience throughout India.

  • July 25, 2023 15:17

    Major gainers, losers on the NSE at 3:07 pm

    Major gainers: Hindalco (3.59%); JSW Steel (3.13%); Tata Steel (3.07%); NTPC (2.40%); Adani Enterprises (2.27%)

    Major losers:

    Asian Paints (-4.05%); ITC (-1.91%%); Britannia (-1.63%); IndusInd (-1.62%); SBI (-1.49%)

  • July 25, 2023 15:16

    Faze Three US LLC establishes subsidiary; stock declines 2.25%

    Faze Three Limited has announced that its wholly-owned subsidiary Faze Three US LLC has incorporated a wholly-owned subsidiary company named Faze Three SMS, LLC, in the US. The stock of Faze Three declines by 2.25% on the NSE, trading at ₹376.10.

  • July 25, 2023 15:13

    Advance-Decline ratio and other details at 3 pm on BSE

    Stocks advanced on BSE at 3 pm on July 25 were 1,713 against 1,814 stocks that declined. Total stocks traded were 3,655. The number of stocks that recorded a 52-week high was 243, and those that hit a 52-week low was 39.

  • July 25, 2023 15:12

    Apollo Pipes Q1 net surges

    Apollo Pipes reported a net profit of ₹1,392.48 lakh for the quarter ended June 30, 2023, against ₹882.62 lakh in the previous year. The company’s stock trades at ₹752.30, down by 0.69% on the NSE.

  • July 25, 2023 15:09

    China’s net gold imports via Hong Kong drop 29% in June

    Net gold imports from China via Hong Kong fell by 29 per cent to 38.39 tonnes in June compared to May, according to figures from the Hong Kong Census and Statistics Department,

    According to the statistics, net imports into the country with the highest consumption of gold totaled to 34.65 tonne in June as against 49.06 tonne in May.

  • July 25, 2023 14:57

    Ampere partners with Readily Mobility to boost fleet efficiency

    Ampere, the electric two-wheeler brand of Greaves Electric Mobility Private Limited, a subsidiary of Greaves Cotton, has collaborated with Readily Mobility. Under this agreement, Readily Mobility will cater to Ampere’s fleet of vehicles, to ensure smooth operations, minimal downtime, and maximum business efficiency for Ampere’s fleet customers. The stock of Greaves Cotton trades at ₹136.70, up by 0.40% on the NSE.

  • July 25, 2023 14:55

    Jindal Steel’s shares rise by 5%

    Jindal Steel and Power (JSP) witnessed a 5 per cent surge in shares after earning the ‘Great Place to Work’ Certification for its workplace culture.

    The certification’s announcement further solidified investors’ confidence in the company’s commitment to nurturing a thriving and motivated workforce. With JSP’s dedication to fostering an innovative and empowering work environment, shareholders responded positively, driving the company’s shares to new heights.

  • July 25, 2023 14:53

    Aluminium futures: Retain short positions

    Aluminium futures on the Multi Commodity Exchange (MCX), which faced a resistance at ₹204 on July 14, fell in the subsequent sessions. This week, On Monday, the contract marked a low of ₹194.45 and has now rebounded to the current level of ₹198.

    Thus, the support at ₹195 prevented a decline beyond that level. However, the broader trend remains bearish and for the short-term, the price action suggests that aluminium futures could stay in the ₹195-202 range.

  • July 25, 2023 14:48

    Jubilant FoodWorks consolidated net profit down 74% in Q1

    Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin stores, reported a consolidated net profit of Rs 28.9 crore for the quarter ended June, down 74.4 per cent compared to the same period last fiscal. The company had reported a consolidated net profit of Rs 112.6 crore in the June quarter in the previous fiscal. Consolidated revenue from operations stood at Rs 1,334.5 crore in Q1, up 6.3 per cent compared to the same period last fiscal, driven by the delivery channel sales.

  • July 25, 2023 14:42

    Suzlon Energy’s Q1 net profit drops to ₹100.90 cr, stock slides 5%

    Suzlon Energy reports consolidated net profit for the quarter ended June 30, 2023, ₹100.90 crore against ₹2,432.55 crore in the previous year. The stock falls by 5% on the NSE, trading at ₹19.

  • July 25, 2023 14:33

    Stock in focus: Senco Gold

    The stock of Senco Gold rises by 1.83% on the NSE, trading at ₹378.30.

  • July 25, 2023 14:32

    TVS Motor gains 5.23%, trading at ₹1,375.50

    The stock of TVS Motor Company surges by 5.23% on the NSE, trading at ₹1,375.50.

  • July 25, 2023 14:31

    Steel stocks surge: JSW Steel, JSPL, and Tata Steel rally 3.5% to 5%

    Steel stocks are buzzing today with JSW Steel, JSPL and Tata Steel up in the range of 3.5 to 5 per cent. China’s officials pledging support for the property sector is a sentimental positive for steel stocks.

  • July 25, 2023 14:27

    Suzlon Energy loses 3.75%, trading at ₹19.25

    The stock of Suzlon Energy declines by 3.75% on the NSE, trading at ₹19.25.

  • July 25, 2023 14:22

    Focus Lighting and Fixtures’ stock surges 3.81% on Q1 performance

    The stock of Focus Lighting and Fixtures rises by 3.81% on the NSE, trading at ₹774.75. The company’s EBITDA for Q1 FY24 stood at 12.77, up by 289.48% y-o-y, according to its unaudited financial results for the quarter ended June 30, 2023.

  • July 25, 2023 14:19

    Bajaj Auto’s Q1 profit soars on strong commercial vehicle demand

    On Tuesday, Bajaj Auto announced a significant rise in first-quarter profit, surpassing expectations, driven by strong demand in its commercial vehicles segment. The automaker stated that profit reached ₹1,665 crore ($203.53 million) for the quarter ended June 30, as per the exchange filing.

  • July 25, 2023 14:06

    Major gainers/losers on the BSE at 2 pm

    Major gainers:

    Jyothy Labs (20%); Thermax (8.87%); Motherson Sumi Wiring India (7.49%); Hindustan Oil Exploration (7.25%); HEG (7.16%)

    Major losers:

    Chennai Petroleum (-8.57%); Olectra (-7.47%); Globus Spirits (6.50%); Sharda Corp (-6.38%); Mahindra Logistics (-5.67%)

  • July 25, 2023 14:05

    Airtel connects over 20 million devices, leads cellular IoT deployment

    Airtel Business, the B2B division of Bharti Airtel, becomes India’s first ICT service provider to connect more than 20 million devices through its IoT solutions.

    Airtel’s IoT solutions cater to various industries, including automobile, energy, utilities, logistics, and manufacturing, providing secure private networks for data transmission.

  • July 25, 2023 14:02

    Bajaj Auto approves ESOP

    The board of Bajaj Auto has approved the issue of 2,22,398 equity shares of face value of ₹10 at the respective grant prices to the Bajaj Auto ESOP Trust under the Bajaj Auto Employee Stock Option Scheme 2019 (Scheme). The company’s stock trades at ₹4,879, down by 0.08% on the NSE.

  • July 25, 2023 13:44

    Tesla to discuss factory plan for new ₹20-lakh car with Commerce Minister: Source

    Tesla representatives are set to meet Commerce Minister Piyush Goyal this month to discuss plans to build a factory to produce what the company has described as an all-new ₹20-lakh car, a person with direct knowledge of the matter told Reuters.

  • July 25, 2023 13:39

    TVS Supply Chain Solutions gets SEBI nod for IPO launch

  • July 25, 2023 13:37

    Asian Paints Q1 net profit reaches ₹1,574 crore; stock declines by 3.93%

    Asian Paints, in its consolidated financial results, reported a net profit of ₹1,574.84 crore for the quarter ended June 30, 2023, compared to ₹1,036.03 crore in the previous year. However, the company had stated that macro uncertainties and forex tightness were impacting key Asian markets in their international business. As a result, the company’s stock declined by 3.93% on the NSE, trading at ₹3,404.50.

  • July 25, 2023 13:30

    BYJU’S regularly disregarded advice on operational, legal, corporate governance: Prosus

    BYJU’s reporting and governance structures did not evolve sufficiently for a company of that scale, said the company’s biggest institutional investor, Netherlands-based Prosus. In its official statement, Prosus added that executive leadership at BYJU’s regularly disregarded advice and recommendations relating to strategic, operational, legal, and corporate governance matters.

  • July 25, 2023 13:28

    Abhishek Corp temporarily halts operations in Kolhapur due to market conditions

    Abhishek Corporation has announced that the company has partly closed its manufacturing and other operations for the temporary period situated at Kolhapur, Maharashtra, till further notice, owning to unendurable market condition.

  • July 25, 2023 13:26

    Dhabriya Polywood bags ₹8.25 crore order

    Dhabriya Polywood​ has received the work order/LOA form Airforce Naval Housing Board & Starworth Infra & Construction for supply and installation of uPVC Windows & Doors for a total value of Rs 8.25 crore (Inclusive GST). The order is to be executed in 12 months.

  • July 25, 2023 13:23

    Aurobindo Pharma arm gets USFDA nod for plerixafor injection

    Aurobindo Pharma has announced that its wholly owned subsidiary company, Eugia Pharma Specialities Limited, has received a final approval from the USFDA to manufacture and market Plerixafor Injection, 24 mg/1.2 mL (20 mg/mL), Single-Dose Vial, which is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Mozobil Injection, 24 mg/1.2 mL (20 mg/mL) of Genzyme Corporation. The stock of Aurobindo Pharma trades at ₹788.80, up by 0.45% on the NSE.

  • July 25, 2023 13:21

    Ambika Cotton to install 8.334 MW solar power plant

    Ambika Cotton Mills enters into a definite proposal to install solar power plant for a capacity of 8.334 MW

  • July 25, 2023 13:05

    European markets open mixed, Hong Kong’s Hang Seng surges 4% on property market support pledge

    Europe markets open flat to marginally down with key indices across UK, Germany, France and Italy trading in the range of -20 to 10 bps. In Asian markets Hong Kong’s Hang Seng surged by 4 per cent today following a 2 per cent fall yesterday. Today’s positive reaction was on Chinese officials pledged to support ailing property market which has been taking a toll on economic performance. US futures are trading flat, however bond yields there have been inching up ahead of key Fed rate decision tomorrow

  • July 25, 2023 13:03

    L&T allots shares under ESOP

    Larsen & Toubro has allotted 75,964 shares under the company’s Employee Stock Option Schemes.

  • July 25, 2023 13:02

    Gold prices dip in morning trade: 22 karat at Rs 5,786, pure gold at Rs 5,928

    Spot gold (22 karat) - used for jewellery -opens lower at Rs 5,786 per 10 gm against Rs 5,801 last evening. Pure gold (999) opened at Rs 5,928 against Rs 5,943 the previous day.

  • July 25, 2023 13:00

    Thangamayil Jewellery spurts over 10% on strong quarterly numbers

    The stock of Thangamayil Jewellery rises by 10.53% on the NSE, trading at ₹1,109. The company reported a net profit of ₹58.61 crore for the quarter ended June 30, 2023, against ₹18.98 crore in the previous year.

  • July 25, 2023 12:58

    Knight Frank-NAREDCO Q2 2023 report: Real estate sentiment rises to optimistic zone at 63

    The 37th edition of the Knight Frank-NAREDCO Real Estate Sentiment Index Q2 2023 (April-June) report cited that the Current Sentiment Score scaled up from the previous quarter’s 57 to 63, in the optimistic zone. This is due to the continued resilience of the Indian economy amid a recessionary environment globally. The Current Sentiment Score signifies stakeholders’ current outlook in comparison to the preceding six months.

  • July 25, 2023 12:57

    Torrent Power up 1.84% on NSE after unveiling EV charging stations

    The stock of Torrent Power rises by 1.84% on the NSE, trading at ₹614.95. The company had announced its foray into the electric mobility infrastructure sector, unveiling its four EV charging stations in Ahmedabad.

  • July 25, 2023 12:55

    Kriti Nutrients stock rises by 13.94% on the NSE, trading at ₹87.85.

  • July 25, 2023 12:55

    DGCA removes SpiceJet from surveillance regime; stocks surge 4%

    Directorate General of Civil Aviation (DGCA) removed SpiceJet from its enhanced surveillance regime. Meanwhile, it also gets a breather from the Supreme Court in Credit Suisse’s contempt plea. Its stocks have gained over 4%

  • July 25, 2023 12:53

    GMR Airports Infrastructure stock rises by 4.41% on the NSE, trading at ₹48.55.

  • July 25, 2023 12:25

    SAMIL shares surge on interior polymer deal with Schneider group

    Samvardhana Motherson International Limited (SAMIL) shares surged by 2 per cent as the company strengthened its interior polymer business through the purchase of the German Schneider Group.

  • July 25, 2023 12:22

    Q1 results preview: L&T seen posting a 20% y-o-y rise in PAT on strong order execution

    Larsen & Toubro (L&T) is seen recording an annual rise in net profit and revenue in the June quarter with higher order inflows in the engineering and construction business, more project executions, and lower raw material costs that will boost margins.

  • July 25, 2023 12:18

    FCI suspension of surplus rice impacts BCL Industries’ ethanol production

    BCL Industries has informed the exchanges that FCI has suspended supplies of surplus rice for the purpose of production of ethanol. “We await a policy from their end regarding the resumption of supplies,” the company said in a statement. It continues to produce ENA from broken rice and maize in both Punjab and West Bengal units. The Company is also able to produce ethanol in Bathinda from FCI rice that it had bought prior to the suspension but expects a temporary disruption in the production of ethanol.

    However, the company’s stock trades at ₹482.95 on the NSE, up by 0.39%

  • July 25, 2023 12:14

    Sterlite Technologies wins arbitration case against Bharat Broadband Network; stock trades in green

    Sterlite Technologies wins arbitration case against Bharat Broadband Network, award has been granted in favour of STL for ₹8.34 crore in dispute over deductions. The stock of STL trades at ₹149.90 on the NSE, up by 0.30%.

  • July 25, 2023 12:06

    Major gainers/losers on the NSE at noon

    Major gainers:

    Tata Steel (2.64%); JSW Steel (2.15%); Ultratech Cement (2.05%); NTPC (1.81%); Hindalco (1.66%)

    Major losers:

    ITC (-2.92%%); Asian Paints (-1.85%); Britannia (-1.49%); SBI (-1.43%); SBI Life Insurance (-1.26%)

  • July 25, 2023 12:02

    Advance-Decline ratio at noon

    Stocks advanced on BSE at 12 noon on July 24 were 1,762 against 1,619 stocks that declined. Total stocks traded were 3,523. The number of stocks that recorded a 52-week high was 216, and those that hit a 52-week low was 35.

  • July 25, 2023 12:01

    Stock of Excel Realty N Infra rises by 14.29% on the NSE, trading at ₹0.40

  • July 25, 2023 12:00

    Welspun Specialty bags Rs 13.65 crore order; stock edges up 2.8%

    Welspun Specialty Solutions has received an order valued at Rs 13.65 crore for supply of Stainless steel Bars from a domestic customer, unrelated party. The order is expected to be executed by end of August. The company has received the said order in normal course of business. The said transaction is not falling under related party transactions and is done at arm’s length basis. The stock edged up 2.8 per cent at Rs 28.75

  • July 25, 2023 11:58

    Globus Spirits appoints new statutory auditors, stock declines 3.94%

    Globus Spirits Ltd has announced that Walker Chandiok & Co. LLP, Chartered Accountants, have been appointed as Statutory Auditors of the company to hold office for the 1st term of their 5 consecutive year till the end of 35th AGM of the company. The company’s stock declines by 3.94% on the NSE, trading at ₹1,118.65.

  • July 25, 2023 11:54

    ICICI Bank ESOP allotments

    ICICI Bank has allotted 104,627 equity shares of face value of ₹2 each under the bank’s Employees Stock Option Scheme 2000. The stock of ICICI trades at ₹989.90, down by 0.21% on the NSE.

  • July 25, 2023 11:51

    Dhabriya Polywood arm bags ₹28.68 crore order from DLF Group

    Dhabriya Polywood has announced that its wholly-owned subsidiary Dynasty Modular Furnitures Pvt. Ltd. has received the work order DLF Group for supply & installation of kitchen, wardrobes, vanity, and medicine cabinets for a total value of ₹28.68 crore.

  • July 25, 2023 11:45

    Wright Research introduces AI-driven PMS for data-driven investments in India

    Wright Research Launches Quant-Based Portfolio Management Services (PMS), Redefining the Indian Investment Landscape

    The PMS service offers the sophistication of AI-driven, quant-based investment strategies to a wider audience, promoting a more informed, data-driven investment culture

    The portfolio blends the power of advanced mathematical models and cutting-edge artificial intelligence (AI) to navigate the complexities of the financial market

  • July 25, 2023 11:42

    SCNL shares surged on ₹50 crores receipt from Florintree Ventures

    Satin Creditcare Network Limited (SCNL), witnessed a surge in its share price by 3.45 per cent today. The microfinance institution’s surge came in response to the company’s recent announcement of receiving the final tranche of ₹50 crores from Florintree Ventures LLP.

  • July 25, 2023 11:40

    PNB Housing Finance Q1 net surges 48% to ₹347 crore

    PNB Housing Finance Limited (PNBHFL) has reported a 48 per cent increase in consolidated net profit for the first quarter ended June 30, 2023 at ₹347 crore (₹235 crore).

    The latest bottomline performance was 28 per cent higher than the net profit of ₹280 crore in the March 2023 quarter.

  • July 25, 2023 11:38

    Torrent Power shares surge after foray into EV charging infra sector

    Torrent Power Ltd. (TPL) witnessed a surge in its share price by 2.8 per cent following its foray into the Electric Mobility Infrastructure Sector. The company launched its first set of four EV charging stations in Ahmedabad, with two more planned to be unveiled in Surat soon.

  • July 25, 2023 11:36

    Dilip Buildcon shares surge on expressway project certification

    Dilip Buildcon witnessed a surge in its share price by 4.77 per cent after receiving the completion certificate for the ‘Nagpur-Mumbai Super Communication Expressway’ project in Maharashtra.

  • July 25, 2023 11:34

    Spices futures on NCDEX experience minor decline on Tuesday

    The spices complex on NCDEX was a tad cool on Tuesday. Dhaniya (coriander) September futures were Rs 36 lower at Rs 7,900 a quintal. Jeera (cumin) September contracts dropped Rs 15 to Rs 61,005 a quintal. Turmeric December futures slipped by Rs 70 to Rs 13,960 a quintal.

  • July 25, 2023 11:32

    Tiger Logistics signs pact with OneNDF for collateral-free cargo financing

    The stock of Tiger Logistics (India) trades at ₹385.25 on the BSE, up by 0.17%. The company had signed a pact with online loan marketplace OneNDF to facilitate collateral-free cargo value financing for SME exporters.

  • July 25, 2023 11:31

    Ramkrishna Forgings shares surge on Multitech Auto acquisition

    Ramkrishna Forgings Limited witnessed a 5 per cent surge in its share price following the board of directors’ approval for the acquisition Multitech Auto Private Limited and its wholly owned subsidiary Mal Metallics Private Limited.

  • July 25, 2023 11:29

    Adani Wilmar betting on premiumisation with whole wheat offerings

    Adani Wilmar, which recently forayed into the whole wheat segment, is betting big on the premiumisation and personalisation trends in this category. Under its whole wheat range, the company is offering varieties such as Sharbati, Poorna 1544, Lokwan, and MP Grade 1.

  • July 25, 2023 11:26

    Bank Nifty Prediction today – July 25, 2023: Intraday fall possible

    Bank Nifty index is trading flat. After opening with a wide gap-up, the index failed to sustain higher. It has come down sharply from its intraday high of 46,156. The index is currently at 45,944, up 0.04 per cent.

    The advance/decline ratio at 4:8 broadly indicates weakness. AU Small Finance Bank is the worst performer in the index. The stock is down 1.14 per cent. HDFC Bank, up 0.77 per cent, is outperforming.

  • July 25, 2023 11:16

    Tata Steel shares down 0.39% on Q1FY24 profit plunge

    Tata Steel’s share price dips by 0.39 per cent as Q1FY24 net profit takes a steep plunge due to lower production amid planned shutdowns in Europe, facing a 6 per cent revenue growth decline.

  • July 25, 2023 11:14

    Nifty prediction today – July 25, 2023: Index testing a support

    Nifty 50 (19,670) and Sensex (66,330) are trading flat now after opening with a gap-up.

    That said, the market breadth is showing a bullish bias. For instance, the advance/decline ratio of Nifty 50 stands at 29/21. Besides, the mid-and small-cap indices are in the green and the volatility has imploded today. The volatility index – India VIX – has crashed nearly 9 per cent to 10.70 level.

  • July 25, 2023 11:12

    AstraZeneca’s stock climbs 1.22% after approval to import heart failure drug

    The stock of AstraZeneca Pharma rises by 1.22%, trading at ₹3,815.95. The company had received approval from the Drugs Controller General of India to import heart failure treatment drug Dapagliflozin tablets.

  • July 25, 2023 11:08

    Major gainers/losers on the BSE at 11 am

    Major gainers:

    Kiri Industries (14.53%); Coffee Day (6.64%); Repco Home Finance (6.49%); JK Paper (5.73%); Adani Green Energy (5.66%)

    Major losers:

    Olectra (-8.56%); Chennai Petroleum (-7.46%); Sharda Corp (-7.06%); Can Fin Homes (-6.18%); Mahindra Logistics (-5.35%)

  • July 25, 2023 11:06

    Maruti recalls S-Presso and Eeco; shares rule steady

    The stock of Maruti Suzuki trades at ₹9,709 on the NSE, up by 0.15%. The company had recalled 87,599 vehicles (S-Presso & Eeco) manufactured between July 5, 2021, and February 15, 2023.

  • July 25, 2023 11:04

    Gold rules steady at $1,960

    Gold ruling steady at $1,960 an ounce as investors await the US and European Central Bank’s decision on interest rates later this week. In Asian trade, gold was trading at $1,961.05 an ounce. Silver was quoted at $24.51 an ounce.

    On MCX, gold August futures are up Rs 77 at Rs 59,193 per 10 gm. Silver September contracts are up by Rs 333 at Rs 74,429 a kg.

  • July 25, 2023 11:03

    Kiri Industries files court case in Singapore for recovery, stock rises 3.89%

    KIRI Industries has filed a court case in Singapore for enforcement of the ‘Final Valuation Judgment and Cost Judgment for recovery’ against Senda International Capital. The stock of KIRI rises by 3.89% on the NSE, trading at ₹278.80

  • July 25, 2023 10:42

    Rupee rises 14 paise to 81.67 against US dollar in early trade

    The rupee gained 14 paise to 81.67 against the US dollar in early trade on Tuesday tracking the weakness of the American currency in the overseas market.

    However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said.

  • July 25, 2023 10:39

    Ircon International bags order worth Rs 80 crore

    Ircon International Limited has been awarded the Composite works (Civil, Electrical and Mechanical), involving construction of Industrial Shop with Pre-Engineered Building (PEB), water supply system, in connection with Detachment free rake examination facilities (Ph-II) at Exchange Yard of Bondamunda, South Eastern Railway worth ₹80 crore. However, the stock declines by 0.75% on the NSE, trading at ₹92.10.

  • July 25, 2023 10:32

    RIL gains 0.20% on NSE following data centre venture announcement

    The stock of Reliance Industries trades at ₹2,492.40, up by 0.20% on the NSE. The company had announced associating with Brookfield Infrastructure Partners Lp and Digital Realty Trust Inc. in a three-way venture for setting up special purpose vehicles (SPVs) aimed at developing data centres in India.

  • July 25, 2023 10:29

    Indian shares flat as ITC offsets metal gains

    Indian shares were largely flat on Tuesday, as losses in index heavyweight ITC following its demerger update offset gains in metal stocks after China’s pledge to provide policy support to aid economic recovery.

    At 10.14 am, the Nifty 50 index was up 0.07% to 19,684.85, while the S&P BSE Sensex gained 0.02% to 66,403.50, as of 10:14 a.m. IST.

    Eleven of the 13 major sectoral indexes logged gains, with the metals index rising 1.7% and the auto index adding 0.9%. - Reuters

  • July 25, 2023 10:25

    CreditAccess Grameen appoints Ganesh Narayanan as CEO

    CreditAccess Grameen Limited has announced the appointment of Ganesh Narayanan as the Chief Executive Officer (CEO) effective August 1, 2023, for a period of five years. The company’s stock trades at ₹1,359.40, down by 0.99% on the NSE.

  • July 25, 2023 10:24

    Shreeji Translogistics signs new contract with Cathay Pacific; shares surge over 6%

    Shreeji Translogistics Limited (STL) has signed a new contract with Cathay Pacific Airways Limited, a multinational company with a global presence in the aviation industry. The company’s stock rises by 6.71% on the BSE, trading at ₹70.30.

  • July 25, 2023 10:22

    Wait for copper futures to decline and go long

    Copper prices have been declining sharply since Friday last week. The Copper Futures contract traded on the Multi Commodity Exchange (MCX) rose to a high of ₹739.70 per kg on Thursday and then declined sharply from there. The contract is currently trading at ₹718 per cent.

  • July 25, 2023 10:19

    Global rice market turns ‘precarious’ as sellers hike prices of cargo in transit

    The global rice market has turned precarious following India’s ban on white rice exports. It has totally become a seller’s market with prices of even cargoes in transit being hiked by $50-100 a tonne, said traders.

  • July 25, 2023 10:08

    SJVN shares hit all-time high of Rs 62.75 on bagging new orders

    SJVN shares hit all-time high of Rs 62.75 after bagging over 5,000 MW hydropower project in Arunachal Pradesh. Stock now up7.5 per cent at Rs 61.45 on the BSE

  • July 25, 2023 10:06

    L&T wins significant contract valued up to 10 to 25 billion rupees. The company’s stock trades at ₹2,584.05, down by 0.81% on the NSE.

  • July 25, 2023 10:04

    ITC continues slide on demerger of hotel biz

    Shares of Indian conglomerate ITC shares fell as much as 3.3% on Tuesday, extending a slide from the previous session, as investors baulked at the company’s plans to retain a 40% stake in its hotels business after spinning it off.

    ITC said on Monday it would spin off the hotel business, separating it from its cigarettes and food units, but retain a 40% stake in the new entity, with ITC shareholders holding the rest.

    The company’s stock ended nearly 4% lower on Monday.

    “We believe some investors may have preferred a vertical split (100% direct),” Jefferies analysts said in a note, pointing to the cash-guzzling nature of the hotel business.

    The business has contributed less than 5% to ITC’s revenue and earnings before interest and taxes (EBIT) over the last decade but for over 20% of capital expenditure, Jefferies said.

    “We seek clarity on the rationale behind retaining a 40% stake, the royalty structure, any tax implications and the key criteria for gaining a strategic investor/partner in the business,” said Emkay Research.

    Nomura analysts said the “not a clean de-merger” could restrict value unlocking. - Reuters

  • July 25, 2023 10:02

    Globus Spirits faces surplus rice supply suspension; shifts to alternative raw materials for ethanol production

    Globus Spirits said that FCI has suspended supplies of Surplus Rice for the purpose of production of ethanol. We expect this supply disruption to be temporary one. During the period, the company is shifting its feedstock from Surplus Rice to alternative raw materials such has broken rice and maize. These raw materials can be used for production of ENA and Ethanol. During this change over process we expect 7-10 days of disruptions at part of WB capacity and our Jharkhand facility. In this period the alternative raw material supplies are expected to be begin. Our Haryana, Rajasthan and Bihar facilities remain operational as normal.

  • July 25, 2023 10:01

    BCL Industries expands ethanol capacity at Bhatinda facility, adds 10MW power plant

    BCL Industries commissions 200 KLPD Ethanol expansion at Bhatinda facility along with 10MW Power plant. Now, total capacity goes to 600 KLPD (400 at Bathinda and 200 at Kharagpur)

  • July 25, 2023 09:49

    Shipping Corporation of India Divestment: Due diligence underway in second stage of transaction, says Finance Ministry in Parliament

  • July 25, 2023 09:42

    SAT to hear Mercury EV Tech’s case on Enhanced Surveillance Measure

    The Securities Appellate Tribunal will hear a case filed by Mercury EV Tech on Enhanced Surveillance Measure. Last week, the exchanges have revised the stock surveillance actions under the Enhanced Surveillance Measure (ESM) framework. Now stocks under ESM Stage-II can trade on all trading days instead of once a week. In a circular, the exchanges said the revised framework would be effective from Tuesday, July 24, 2023. A whole lot of micro-caps will eyeing SAT verdict on this.

    ESM rules were introduced on June 4 for highly volatile micro-small cap companies with a market cap of less than Rs 500 crore. The put a lot of pressure on liquidity and many investors complained that they could not exit these stocks as they are traded once a week.

  • July 25, 2023 09:40

    Major gainers/losers on the NSE at 9:30 am on July 25

    Major gainers:

    Ultratech Cement (1.85%); Tata Motors (1.57%); JSW Steel (1.30%); Grasim (1.28%); Mahindra & Mahindra (1.22%)

    Major losers:

    ITC (-3.01%); SBI (-1.32%); Tech Mahindra (-0.98%); UPL (-0.97%); Asian Paints (-0.68%)

  • July 25, 2023 09:39

    Sixteenth Street Asian Gems Fund buys 16,50,000 shares of Usha Martin at Rs 329.07

  • July 25, 2023 09:38

    Satin Creditcare Network receives ₹100 crore allocation from Florintree Ventures

    Satin Creditcare Network Limited (SCNL) has received the entire allocation of ₹100 crore against the convertible warrants from Florintree Ventures LLP (entity belonging to Non‐Promoter Group). The Company received the final tranche of ₹50 crore, against conversion of 82,05,128 fully convertible warrants from Florintree Ventures LLP on July 21, 2023.

  • July 25, 2023 09:36

    Crude oil futures rise on Chinese economy boost plans

    Crude oil futures traded higher on Tuesday morning following the reports of Chinese authorities planning measures to boost the economy of that nation. At 9.17 am on Tuesday, October Brent oil futures were at $82.61, up by 0.16 per cent; and September crude oil futures on WTI (West Texas Intermediate) were at $78.94, up by 0.25 per cent.

  • July 25, 2023 09:35

    Shares of Spandana Sphoorty gains 2.88% on BSE

    Shares of Spandana Sphoorty Financial gained 2.88 percent in early trade on BSE on Tuesday and are trading at Rs 824. The company posted Ney profit of Rs 119 cr in first quarter of FY24. It incurred a loss of Rs 220 cr same period last year

  • July 25, 2023 09:33

    Karur Vysya Bank opens new branches

    Karur Vysya Bank had inaugurated four new branches – two in Tamil Nadu and one each in Andhra Pradesh and Telangana. With this, the total branch network of the bank increased to 812.

  • July 25, 2023 09:25

    Opening bell: Equities open steady with positive bias

    Indian stocks began trading on Tuesday with a slight positive bias, albeit muted, following a retreat from their all-time high levels in the previous two sessions. The market saw profit-taking activities as investors awaited the U.S. Federal Reserve’s monetary policy decision scheduled for Wednesday.

    As of 9.17 am, the Nifty was trading at 19,700.15, showing a modest gain of 0.14 per cent, while the Sensex was at 66,459.05, up 0.11 per cent.

  • July 25, 2023 09:08

    Nifty 20K milestone may take time: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

    FPI flows have slowed down. In the last two days FPIs have sold stocks worth Rs 2081 crores indicating buying exhaustion. This is normal response to the rising dollar index which has moved up to 101.4 from the recent low of 99. Even though Nifty is showing signs of resilience, it is unlikely to race to 20000 level in the next few days, given the rising dollar and declining FPI inflows. Brent crude spiking to $82 will be another drag on the market.

  • July 25, 2023 09:07

    Bandhan Financial Holdings to acquire Aegon India Holding’s shareholding

    Bandhan Financial Holdings enters into definitive agreement with Aegon India Holding and Bennett Coleman for acquisition of entire shareholding of Aegon

  • July 25, 2023 09:04

    POWERGRID Bikaner Transmission System completes solar energy project in Rajasthan

    POWERGRID Bikaner Transmission System Limited (a wholly-owned Subsidiary of Power Grid Corporation of India Ltd, secured through Tariff Based Competitive Bidding) with a mandate to establish Transmission System Strengthening Scheme for Evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-F, on build, own, operate and maintain (BOOM) basis has successfully commissioned the project on 24.07.2023.

  • July 25, 2023 09:02

    NINtec Systems announces record date for bonus shares

    The Board of Directors on June 19 had recommended the issue of bonus equity shares in the ratio of 4:5 and now fixed August 3, as the Record Date for the purpose.

  • July 25, 2023 08:58

    SEBI disposes of show-cause notice in BRH Wealth Creators case against CDSL

  • July 25, 2023 08:56

    Stocks to Watch

    Tata Steel: Co reports slide in first-quarter profit on rising costs.

    TVS Motor: Co posts larger-than-expected rise in profit in June quarter, aided by two-wheeler demand.

    JK Paper: Co reports rise in June quarter profit on robust demand.

  • July 25, 2023 08:50

    Raghav Productivity Enhancers commences commercial operations at new plant

    Raghav Productivity Enhancers Ltd announces commencement of commercial operations at its new plant set-up under its wholly owned subsidiary Raghav Productivity Solutions Pvt. Ltd. (RPSPL). The new plant is situated adjoining its existing plant at Newai, 60 km from Jaipur.

  • July 25, 2023 08:48

    Stock recommendations

    Investec on ITC: Maintain Buy on Company, target price at Rs 450/sh

    Emkay on ITC: Maintain Buy on Company, target price at Rs 525/sh

    GS on ITC: Maintain Buy on Company, target price at Rs 470/sh

    MS on ITC: Maintain Overweight on Company, target price at Rs 485/sh

    Nomura on ITC: Maintain Buy on Company, target price at Rs 474/sh

  • July 25, 2023 08:44

    Choice International views on TVS Motor: Recommends ADD

    FY24 will be highly uncertain for E-2W portfolio as partial reduction in FAME subsidy and subsequently expectation of nil subsidy on E-2W will moderate the EV transition. Further, delay and uneven rain in various parts of the country is building a case for weak rural sentiment. However, TVS Motors has positioned itself in better place to overcome these challenges led by better product offering, customer reach and aggressive network expansion for E-2W. We expect TVS to partially offset this headwind by increase in export volume. We roll forward our valuation to FY25E EPS to arrive at a TP of Rs.1,353 (valuing at 28x FY25 EPS + Rs.31 for TVS credit) and assign ADD rating on the stock.

  • July 25, 2023 08:42

    Choice International: Positive outlook for Ashok Leyland, recommends ADD

    Choice International view on Ashok Leyland: We expect ​Ashok Leyland to benefit from​ new product launches (in EV, multi-axle, and tipper/haulage segments), expanding the domestic network (especially in the North and East regions), increasing global presence (Africa, SAARC, and GCC countries), ongoing government spending on infrastructure and scrappage policies, faster growth in defence segment and the softening of raw material prices along with a reduction in discounts. We roll forward our valuation to FY25E EPS. As stock has given decent run-up in past month and factoring most of the positive and leaves limited upside. We value the stock based on 18x of FY25E EPS to arrived at target price of Rs.204 (18x FY25E EPS) and recommend ADD.

  • July 25, 2023 08:40

    Vedanta’s fab manufacturing application under government’s consideration

    Vedanta: Company’s application under government’s Modified Semi-Scheme for fab manufacturing is under consideration for approval.

  • July 25, 2023 08:38

    Maruti Suzuki India recalls 87,599 vehicles over steering defect

    Maruti Suzuki India has recalled 87,599 vehicles (S-Presso & Eeco) manufactured between July 5, 2021, and February 15, 2023. It is suspected that there is a possible defect in a part of steering tie rod, used in such vehicles, which in a rare case, may break and affect vehicle steerability and handling.

  • July 25, 2023 08:37

    Reliance Industries forms JV with Brookfield and Digital Realty for India Data Centres

    Reliance Industries has entered into a pact with Brookfield Infrastructure and Digital Realty to set up data centres in India. RIL will have 33.33 per cent stake in each of SPVs. The JV is currently developing data centres at Chennai and Mumbai.

  • July 25, 2023 08:35

    Torrent Power forays into electric mobility infra sector

    Torrent Power on Monday announced its foray into the electric mobility infrastructure sector, unveiling its four EV charging stations in Ahmedabad. The initial set of 4 EV charging stations has been set up in Ahmedabad and 2 more are likely to be launched in Surat soon. The company has collaborated with SIEMENS for developing the EV charging network

  • July 25, 2023 08:33

    Gift Nifty sets all-time high first session single day turnover of $8.5 billion

    Gift Nifty derivatives on NSE International Exchange (NSE IX) witness a record first session single day trading activity of more than 2,14,000 contracts with turnover of US $8.5 billion on July 24, 2023. Traded contract volume and turnover value witness a significant growth of over 530% and 600% respectively compared to the first day full-scale operations volume of 33,570 contracts with turnover of US $1.21 billion.

    Trading turnover on NSE IX has been growing exponentially since commencement of full-scale operation of NSE IX-SGX GIFT Connect (The Connect) from SGX to NSE IX on July 03, 2023. Since the first day of full-scale operations of the Connect, Gift Nifty has witnessed a total cumulative volume of 7,86,636 contracts with total cumulative turnover of US $30.28 billion. These volumes demonstrate the growing participation from international investors and attractiveness of this Connect arrangement.

  • July 25, 2023 08:30

    Stocks that will see action today: July 25, 2023

    L&T, Reliance Industries, Maruti Suzuki, AstreaZeneca, Tiger Logistics, Torrent Power, Wipro, Tata Motors, Suzlon, UTI Asset Management, Sundram Clayton, Cyient, Asian Paints, Bajaj Auto, Greenply, Jubilant Foodworks, SBI Life

  • July 25, 2023 08:28

    Will L&T’s buyback plan sail through this time?

    The board of Laresen & Toubro, which meets today for Q1 results, will also considers proposals of special dividend and buyback. If approved, it would be the maiden buyback offer from L&T.

  • July 25, 2023 08:19

    Sensex and Nifty are expected to open with a bearish bias

    Sensex and Nifty are likely to open weak on Tuesday, amid mixed global cues. Domestic markets are continue to remain under pressure due to high valuation and a few disappointing numbers from index heavyweights, said analysts.

  • July 25, 2023 08:14

    Bonus Issue Dates

    V R Films & Studios Ltd

    Bonus issue 7:1

    Previous day Closing Price – Rs. 390.30

    Ex Bonus 26 July 2023 (Tomorrow)

  • July 25, 2023 08:13

    Dividend Dates

    Ex-Dividend 26 July 2023 (Tomorrow)

    Last date for Cum-Dividend Today

    20 Microns Ltd.

    Dividend Per Share Rs.0.75

    Previous day Closing Price – Rs. 105.93

    3M India Ltd.

    Dividend Per Share Rs.100

    Previous day Closing Price – Rs. 28252.85

    Associated Alcohols & Breweries Ltd.

    Dividend Per Share Rs.1

    Previous day Closing Price – Rs. 449.6

    Cummins India Ltd.

    Dividend Per Share Rs.13

    Previous day Closing Price – Rs. 1902.2

    Goodyear India Ltd.

    Dividend Per Share Rs.26.5

    Previous day Closing Price – Rs. 1428.7

    Gujarat Pipavav Port Ltd.

    Dividend Per Share Rs.3.4

    Previous day Closing Price – Rs. 122.3

    Orient Electric Ltd

    Dividend Per Share Rs.0.75

    Previous day Closing Price – Rs. 232.65

    Pearl Green Clubs And Resorts Ltd

    Dividend Per Share Rs.1

    Previous day Closing Price – Rs. 184.5

    Simplex Realty Ltd.

    Dividend Per Share Rs.1

    Previous day Closing Price – Rs. 85.51

    Steelcast Ltd.

    Dividend Per Share Rs.2.7

    Previous day Closing Price – Rs. 476.6

    Tube Investments Of India Ltd

    Dividend Per Share Rs.1.5

    Previous day Closing Price – Rs. 3174.35

    Vinyl Chemicals (India) Ltd.

    Dividend Per Share Rs.5

    Special Dividend Per Share Rs. 5

    Previous day Closing Price – Rs. 504.85

  • July 25, 2023 08:12

    Stocks in F&O Ban: 25.07.2023






  • July 25, 2023 08:09

    Day Trading Guide for July 25, 2023: Intraday supports, resistances for Nifty50 stocks

    Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

  • July 25, 2023 08:06

    Stock to buy today: RailTel Corporation of India (₹159.45)

    The upmove in RailTel Corporation of India has gained momentum since last week. The stock has surged about 14 per cent in the last three trading days.

  • July 25, 2023 07:48

    Asian stocks open positive amidst Wall Street’s rally

    On Tuesday, Tokyo stocks started the day on a positive note, following the lead of Wall Street’s recent rallies and with investors eagerly anticipating crucial interest-rate decisions from central bankers scheduled later in the week. In early trade, the benchmark Nikkei 225 index showed a slight gain of 0.04 percent, or 14.62 points, reaching 32,715.56. Simultaneously, the broader Topix index also climbed 0.12 percent, or 2.77 points, and reached 2,283.95.