GMM Pfaudler said the order backlog fell to Rs 2,013 crore in Q1 against Rs 2,162 crore in March and Rs 2,182 crore in the year-ago quarter. Order intake stood at Rs 770 crore for the quarter.
IRCTC shares gained 5.14% to Rs 679.60 against the previous close of Rs 646.35 on BSE. The railway stock opened marginally lower at Rs 645.35. Market cap of IRCTC climbed to Rs 53,568 crore.
Sigachi Industries reported a net profit of Rs 10.88 crore with a revenue from operations at Rs 84.70 crore in the June 2023 quarter.
Top stock picks for today: Mayuresh Joshi on Friday told BT TV that Kirloskar Oil Engines posted strong numbers in the first quarter of the current financial year (Q1 FY24). "Topline growth of Rs 1,500 crore in the first quarter came much better than the Street expectation. Bottomline growth has been substantial. Q1 numbers were strong and the second half is expected to be more substantial," he stated.
RPSG Ventures owns and operates a diversified portfolio of businesses including IT services, business process management, FMCG, Ayurveda formulations, real estate, sports and restaurants.
CARE Ratings said the ratings it assigned to the debt instruments of IOB continues to factor-in the majority ownership of government and its demonstrated funding support.
ZEE: Filing with ROC (post 30 days of receiving order) and MIB vetting are next steps, post which the stock shall be delisted for six weeks, analysts noted.
SAIL Q1 results: Lower volume offtake and higher input costs dent performance, said Motilal Oswal Securities as it maintained its 'Neutral' view on the stock with a target of Rs 80
MSCI said it welcomes feedback from all market participants and investors on these issues and will communicate further as necessary or appropriate.
Stocks to watch out for today: LIC, Hero MotoCorp, Biocon, SAIL, Power Finance Corp, Nykaa, Mazagon Dock, Adani Wilmar, Pidilite and more
Multibagger stock: RVNL shares, which closed at Rs 31.2 on August 10, 2022 ended at Rs 126.50 in the previous session (August 10, 2023), delivering 305.45% returns for the shareholders in a year.
LIC said its value of new business (VNB) stood at Rs 1,302 crore compared with Rs 1,397 crore YoY. The VNB margin for the quarter came in at 13.7 per cent against 13.6 per cent YoY.
Godfrey Phillips India stock opened at Rs 2197.95 on Wednesday against the previous close of Rs 2178.05 on BSE. Market cap of the firm stood at Rs 11,295 crore on BSE.
Gland Pharma share price: The stock today slipped 0.72 per cent to close at Rs 1,659.25, halting their five-day upward run. On a year-to-date (YTD) basis, the scrip has climbed 5.21 per cent. Although, it has declined 29.32 per cent in the past one year.
Max Financial Services share price: Axis Bank said it would raise its stake in insurer Max Life Insurance Company to 16.20 per cent from 9.99 per cent by infusing Rs 1,612 crore. Max Life Insurance is a joint venture between Max Financial Services and Axis Bank. Axis Bank along with its entities acquired a 12.99 per cent stake in Max Life in 2021 and through this new investment, they would own 19.02 per cent in the private insurer.
The IPO of Concord Biotech was sold in the range of Rs 705-741 apiece, was overall subscribed 24.87 times and was sold between August 4 to August 8
Zee Entertainment share price: The stock rallied 20 per cent to hit their fresh 52-week high level of Rs 290.50. Today's sharp upward move came after the National Company Law Tribunal (NCLT) approved the proposed merger of Zee Entertainment Enterprises Ltd with Sony India. The stock eventually settled 17.95 per cent higher at Rs 285.55
Manappuram Finance: The stock today rose 3.62 per cent to hit its fresh 52-week high of Rs 147.50. It eventually settled 2.70 per cent higher at Rs 146.20. Around 12.64 lakh shares changed hands today, more than double than the two-week average volume of 4.99 lakh shares. Turnover on the counter stood at Rs 18.39 crore, commanding a market capitalisation (m-cap) of Rs 12,340.44 crore
Dreamfolks Services shares, which traded at Rs 786.75 before the earnings were announced, closed at Rs 665.60, down 15.39% on BSE.
Pidilite Industries share price: Bharat Puri, Managing Director at Pidilite Industries Ltd, said, "We started the year on a strong note with our domestic consumer businesses delivering robust volume growths. B2B, exports and international business continued to face sluggish demand conditions. A combination of moderating input prices and operational efficiencies saw our gross margins improve substantially"
Says ITC shareholders will be the ultimate economic beneficiary in this transaction, directly and indirectly
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