JK Cement stock price tanked 2% today to Rs 3,078.6 after the company’s consolidated net profit declined 29.5% on-year to Rs 114.7 crore. However, following the announcement of its first fiscal quarterly earnings, the scrip has tanked 6% to touch lows of Rs 3,060 apiece on Wednesday from Friday’s closing price, before the results were […]
Month: April 2024
Crude oil spike worries FMCG companiesCrude oil spike worries FMCG companies
Your favourite toothpaste or detergent bar could cost more if crude oil prices continue to rally the way they have in the past month. Crude has touched nearly $93 to a barrel, rising close to 8% in a month and 27% in three months, data from Bloomberg shows. This could become a point of concern, […]
Explainer: Sebi’s order on Brightcom – what really went wrong?Explainer: Sebi’s order on Brightcom – what really went wrong?
The Securities and Exchange Board of India’s (Sebi’s) interim order on Tuesday into Brightcom Group (BGL) financial jugglery seems to have put the group into troubled waters. A detailed probe into the firm’s preferential share allotment process resulted in top executives being barred from holding positions in any listed company. Further, the BGL stock hit […]
CIE Automotive India: Brokerage expects margin boost, check best price to buyCIE Automotive India: Brokerage expects margin boost, check best price to buy
The shares of CIE Automotive India surged 1.02% intraday on August 18, on the National Stock Exchange. The analysts at Geojit Financial Services have recommended a ‘Buy’ rating for the scrip, stating that the “current growth story in the domestic market and the focus on building the EV product portfolio and operational performance in the […]
EMS IPO to open on Sep 8; sets price band at Rs 200-211 per shareEMS IPO to open on Sep 8; sets price band at Rs 200-211 per share
Water and sewerage infra player EMS Ltd on Monday said it has fixed a price band of Rs 200-211 apiece for its Rs 321-crore initial public offering (IPO). The issue will open for public subscription during September 8-12 and the bidding for anchor investors will open on September 7, the company said in a statement. […]
HDFC Bank: Jefferies says recent revamp plans to support growth, see 33% upside and maintains ‘Buy’ at Rs 2030HDFC Bank: Jefferies says recent revamp plans to support growth, see 33% upside and maintains ‘Buy’ at Rs 2030
HDFC Bank is revamping some parts of its top management as the bank seeks to drive growth in mortgages, where Arvind Kapil will get exclusive charge and optimise branch ramp-up where responsibilities will be split geographically. IT and Digital also get a needed direct reporting to CEO. Ramp-up of deposits and housing book will be […]
Wall Street eyes higher open as Tesla rallies; inflation data in focusWall Street eyes higher open as Tesla rallies; inflation data in focus
Wall Street’s main indexes were set to open higher on Monday following gains in megacaps led by Tesla, while investors awaited inflation data due later this week for clues on the U.S. Federal Reserve’s interest-rate path.Tesla jumped 6% in premarket trading as Morgan Stanley upgraded the EV maker to “overweight” from “equal-weight” due to potential […]
Closing Bell: Markets see profitbooking, Nifty closes below 20,000 and Sensex loses steam, ends around 66,200Closing Bell: Markets see profitbooking, Nifty closes below 20,000 and Sensex loses steam, ends around 66,200
It’s a sea of red across Dalal Street with all the major indices closing in the red. The Fed impact was well and truly reflected the way the markets sold off last week’s gains. The Nifty closed below the 20,000 mark at 19,679, down almost a per cent. The Sensex too closed well below 67,000 […]
Sebi notifies rule; gives board representation to REITs’ unitholdersSebi notifies rule; gives board representation to REITs’ unitholders
To boost corporate governance norms, markets regulator Sebi has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards. Also, the regulator has introduced the concept of a self-sponsored real estate investment trust (REIT). Amending rules for REITs, Sebi said, “Unitholders holding not less than 10 per cent […]
PowerMax Fitness launches ‘MyBestStartsNow’ digital campaign PowerMax Fitness launches ‘MyBestStartsNow’ digital campaign
PowerMax Fitness, a fitness equipment brand in India, launches New Year – New You #MyBestStartsNow’ digital campaign to inspire people to stay healthy and fit this New Year. Through the campaign, PowerMax wants to remind everyone that it’s never too late to start the journey, regardless of the challenges. The NEW YEAR- NEW YOU #MyBestStartsNow […]