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Company Stock

GMM Pfaudler’s Tarak Patel said at GMM Pfaudler remains on track to meet our FY25 guidance. Some of the customer decision making, which has been delayed, will come through in the next quarter, Patel said.
Updated : Aug 11, 2023

GMM Pfaudler shares surge 12% after Q1 results. Here's why

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 are trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages.
Updated : Aug 11, 2023

IRCTC shares rise 5% in early trade; can they cross Rs 1,000 mark?

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 is engaged in manufacturing of microcrystalline cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry.
Updated : Aug 11, 2023

Sigachi Industries shares rise 4% after Q1 results, stock split & acquisition announcement

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: Indigo Paints recorded a 58.26 per cent growth in its net consolidated profit for the June quarter.
Updated : Aug 11, 2023

Kirloskar Oil Engines, Indigo Paints: Here's what Mayuresh Joshi of William O'Neil India says on these 2 stocks

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.

Revenue from the operations of RPSG Ventures surged about 18 per cent to Rs 2,296.06 crore for the April-June 2023 period, which was Rs 1,952.78 crore in the year ago period.
Updated : Aug 11, 2023

RPSG Ventures shares hit 20% upper circuit after it returns to black in June quarter

RPSG Ventures owns and operates a diversified portfolio of businesses including IT services, business process management, FMCG, Ayurveda formulations, real estate, sports and restaurants.

IOB credit ratings: CARE said the ratings are constrained by moderate asset quality despite improvement seen over the past few years, with improvement in gross non-performing assets (GNPA) and gross stressed asset position.
Updated : Aug 11, 2023

Indian Overseas Bank shares rallied 15% today. Here's why

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 target price: Kotak said the stock's re-rating from hereon would be a function of execution and external factors. For now, the brokerage has downgraded the stock to 'Reduce' from 'Add'.
Updated : Aug 11, 2023

ZEE shares at Rs 275 or Rs 335? Sony-Zee merger likely in 2-3 months, say analysts

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 share price: The stock fell 2.47 per cent to hit a low of Rs 92.93 on BSE. It later recovered to Rs 91.80 level, still down 1.22 per cent.
Updated : Aug 11, 2023

SAIL shares drop as lower profit, higher input cost dent Q1 results. Stock price target at Rs 80, says Motilal

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 will review the treatment of non-neutral corporate events for the affected securities on a case-by-case basis and potentially defer their implementation.
Updated : Aug 11, 2023

Adani group shares: MSCI makes no changes to Foreign Inclusion Factor in August review

MSCI said it welcomes feedback from all market participants and investors on these issues and will communicate further as necessary or appropriate.

Stocks in news: LIC, Nykaa, Mazagon Dock, Adani Wilmar, Pidilite and more
Updated : Aug 11, 2023

Stocks in news: LIC, Nykaa, Mazagon Dock, Adani Wilmar, Pidilite and more

Stocks to watch out for today: LIC, Hero MotoCorp, Biocon, SAIL, Power Finance Corp, Nykaa, Mazagon Dock, Adani Wilmar, Pidilite and more

Rail Vikas Nigam shares are trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages.
Updated : Aug 11, 2023

RVNL shares rose 305% in a year but analysts are still bullish on railway stock; here’s why

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 Q1 results: Within the Individual business, the share of Par products on APE basis was 89.78 per cent (Rs 5,342 crore) and balance 10.22 per cent (Rs 608 crore) was due to Non-Par products.
Updated : Aug 11, 2023

LIC shares in focus after 14-fold jump in Q1 profit

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.

Q1 consolidated net profit came at Rs 254.4 crore against a net profit of Rs 142.3 crore in the corresponding quarter last year.
Updated : Aug 11, 2023

Multibagger tobacco stock to turn ex-dividend today; hit record high in previous session

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 generic injectables maker reported a 41 per cent jump in first-quarter (Q1 FY24) revenue
Updated : Aug 10, 2023

Gland Pharma shares surge 50% in a month; time to book profit or more upside possible?

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: Max Financial's stock today surged 12.17 per cent to hit a 52-week high of Rs 885.90
Updated : Aug 10, 2023

Max Financial Services shares hit 52-week high on Axis Bank's stake purchase, settle 9% higher. Tech analysts view

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.

Concord Biotech is a homegrown research and development driven biopharma company, ranked among the leading global developers and manufacturers of select fermentation-based APIs
Updated : Aug 10, 2023

Concord Biotech IPO allotment: Check your application status & latest GMP

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 NCLT decision is a key regulatory approval for the mega merger, aimed at creating a $10-billion media giant
Updated : Aug 10, 2023

Zee Entertainment shares zoom 20% to hit one-year high on NCLT approval

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 Kerala-based non-banking financial company's profit came at Rs 495.89 crore in Q1 FY24, up 75.79 per cent from Rs 282.08 crore in the year-ago period
Updated : Aug 10, 2023

Manappuram Finance Q1 results: Profit surges 76% to Rs 496 crore; stock hits one-year high

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

Total 7.10 lakh shares of Dreamfolks Services changed hands amounting to a turnover of Rs 40.79 crore on BSE
Updated : Aug 10, 2023

Dreamfolks Services shares tumble 29% post Q1 earnings; check details

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: The stock currently trades at 53.3x FY25 EPS (Earnings per share), Prabhudas Lilladher said
Updated : Aug 10, 2023

Pidilite Industries Q1 FY24 results: Profit rises 32% to Rs 474 crore; brokerage sees stock at Rs 2,649

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
Updated : Aug 10, 2023

ITC Hotels demerger: Rahul Sharma of Equity 99 simplifies the development for shareholders

Says ITC shareholders will be the ultimate economic beneficiary in this transaction, directly and indirectly