The total net profit of HDFC Life Insurance Company for the quarter ending December 2024 increased by 15% year over year to ₹421.31 crore from ₹367.54 crore during the same period the year before. In the same quarter last year, the net premium income was ₹15,273 crore, but it increased by 10% to ₹16,832 crore….
The share price of Welspun Corporation increased by over 5% during Wednesday’s morning trading. An MOU has been struck by the firm and Saudi Aramco to establish a production plant for LSAW line pipes. The facility, which can produce 350,000 MT annually, will help Saudi Aramco’s gas, oil, hydrogen, and CCUS projects, enhancing their long-term…
Indobell Insulation’s share price debuted at ₹87.40 on the BSE SME, representing a 90% premium. The Indobell Insulation share price subsequently climbed further, reaching the 5% upper circuit thereafter. Indobell Insulation’s share price increased by 5% to ₹91.77, which was also the stock’s upper price band. The Indobell Insulation share price was then stuck in…
Biocon’s share price rose 4.5% on Monday after the US Food and Drug Administration (US FDA) approved Biocon Biologics’ insulin facility in Malaysia. This development resolves a substantial regulatory impediment for the corporation. The Malaysian unit was recognized as a “Voluntary Action Indicated” (VAI) by the US drug regulator, allowing the company to file items…
Bhavish Aggarwal-led Ola Electric Mobility shares fell sharply in early trade today (January 8), plunging as much as 4%. The recent drop in the firm’s stock prices was caused by the Karnataka High Court’s decision to deny the corporation relief in an ongoing inquiry by the Central Consumer Protection Authority (CCPA). Adding to the company’s…
Multiple global and domestic brokerage firms have launched covering several equities, expressing strong opinions on Swiggy, Hyundai Motor, Tata Technologies, GMM Pfaudler, and JSW Energy, with possible gains of up to 98%. Below is a list of seven stocks on which brokerages have commenced coverage: Hyundai Motor: CMP: Rs 1,787 CLSA, a global brokerage firm,…
HCL Technologies is scheduled to release its Q3 earnings today after market hours. HCL Technologies’ third-quarter earnings are likely to be robust, with a revenue increase of 4.5% sequentially supported by seasonal tailwinds from product renewals. The IT major’s margins are expected to expand in the third quarter of FY25, driven by a seasonally good…
HSBC has downgraded Indian equities markets to “neutral” from “overweight” due to slowing growth and high valuations. The corporation has also lowered its 2025 Sensex target, cutting it by 5,000 points to 85,990. While India’s long-term growth story remains intact, HSBC has turned its focus to the China and Hong Kong markets. HSBC stated that…
Swiggy’s share price soared more than 6% in intraday trade on the BSE on Thursday, January 9, appearing set to end a four-day losing streak. Swiggy’s share price increased by 6.12% to ₹520.70 after opening at ₹505.65, up from the previous close of ₹490.65. Around 11:30 AM, the stock traded 4.22% higher at ₹511.35 on…
ACME Solar Holdings Ltd shares rose about 5% after the business reported the successful commissioning of an additional 90 MW of solar generating capacity in Rajasthan. This construction brings ACME’s total operational renewable power capacity to 2,453 MW, a significant milestone in its growth objectives. In a regulatory filing, the company stated, “ACME Solar Holdings…