On Monday, January 20, shares of small-cap business Sigachi Industries surged by more than 7% following the release of the company’s December quarter profits for the fiscal year 2024–2025 (Q3 FY25). Compared to the same quarter last year, when its consolidated net profit was ₹16.10 crore, the pharmaceutical company reported a 27.36% increase to ₹20.51…
On Monday, Laxmi Dental’s shares made a respectable start on the stock exchanges, listing at a 23% premium on the BSE at ₹528 over the issue price of ₹428. The shares debuted at ₹542 on the NSE, representing a 26.64% premium. In the unlisted market today, shares of Laxmi Dental were trading at a grey…
On Friday, January 17, the stocks of Vantage Knowledge Academy, HCL Technologies, and Tata Consultancy Services (TCS) went ex-dividend. Today is also designated as the dividend payout record date. Tata Consultancy Services dividend payout details The shares of Tata Consultancy Services (TCS) became ex-date for a dividend of Rs 76 per share. On January 9,…
The shares of Sat Kartar Shopping made a spectacular debut on Friday, January 17, when they listed on the NSE SME at ₹153.90, a huge 90 percent premium over the issue price of ₹81. Between January 10 and January 14, subscriptions for Sat Kartar Shopping’s ₹33.80 crore SME IPO were accepted. The price range for…
India’s benchmark indices dipped on Friday, led by a decrease in IT company Infosys and private lender Axis Bank following their quarterly results. The Nifty 50 declined 0.35% to 23,229.1 points at 10:05 a.m. IST, while the BSE Sensex fell 0.45% to 76,699.08. Axis Bank Axis Bank Limited, founded in December 1993, is a private…
Today, January 17, Jio Financial Services, the non-banking finance business (NBFC) that is owned by billionaire Mukesh Ambani, will make its Q3 results for FY25 public. Although Jio Finance’s stock has dropped more than 17% in the last month, it stayed unchanged ahead of the results report. But the stock has increased by 15% in…
Axis Bank’s share price fell more than 5% to a 52-week low during intraday trading on Friday, January 17, after the private sector lender’s third-quarter (Q3FY25) earnings fell short of Street forecasts. The bank recorded a 3.83 percent YoY growth in net profit for the December quarter at ₹6,304 crore, compared to ₹6,071 crore in…
On Wednesday, the Chinese central bank increased liquidity support in the face of a cash crunch brought on by the approaching new year holiday by pumping an almost record amount of short-term funds into the banking system. The People’s Bank of China used seven-day reverse repurchase agreements to inject a net 958.4 billion yuan (HK$1018…
The world economy is tense following Donald Trump’s reelection as the 47th President of the United States. It’s unlikely that India will be immune either. How will decision-makers respond to this most recent obstacle? According to a State Bank of India (SBI) research released on Tuesday, the Indian rupee may see some volatility in the…
Aditya Birla Fashion and Retail (ABFRL) announced that its board has authorized the offering of equity shares through qualified institutions placement (QIP) up to Rs 2,500 crore and up to Rs 2,379 crore in preferential issuance. Pilani Investment and Industries Corporation will get 4,08,72,580 equity shares from the business at a preferential issue price of…