Multibagger stocks are common, but only a few can sustain their rapid rise. As markets stabilise and the froth subsides, stocks that grow multifold dramatically usually return to their true worth. Apar Industries is an exception: the small-cap share has managed to hold onto its gain and looks well-positioned for further moves. Apar Industries: Overview […]
Mukesh Ambani-led Reliance Industries made history with its March 2023 quarter numbers. The country’s most valued company reported ₹19,299 crores consolidated net profit for Q4 2023, the highest in history and 19% more than the figure reported in the March 2022 quarter. It comfortably beat estimates, with brokerages and publications predicting Reliance’s bottom line at […]
Mankind Pharma IPO Summary The IPO for Mankind Pharma begins on April 25 and ends on April 27. Up to 40.06 million shares with a face value of Rs. 1 are included in the issuance, bringing the total amount raised to Rs. 4326.36 crores. Ramesh Juneja will sell up to 3.71 million shares in the […]
ITC Ltd, an Indian conglomerate offering everything from cigarettes to hotels, became just eleventh company ever listed on an Indian stock exchange to surpass Rs 5 trillion of market capitalization, marking an exceptional 21 percent jump year-on-year for its shares. ITC Stocks hit record highs of 402.60 Rs on Tuesday morning and intraday gains reached […]
Are you aware that you’re willingly or unwillingly using chemical stocks from the chemical sector? Yes, you are! But let’s start with the basics and learn about chemical stocks before jumping onto the chemical sector. What are Chemical Stocks? Chemical stocks are the shares of companies that are a part of the chemical industry. The […]
Have you heard about dividend-paying stocks and are curious to know about them? If so, without further delay, let’s come with us and learn about Dividend Stocks. What are Dividend Stocks? Dividend stocks are publicly listed companies that offer dividends to their shareholders regularly. Such listed companies have a good record of providing earrings to […]
A Tata Group company has filed a prospectus with the help of SEBI (market regulator) because it decides to maximize funds aiding Initial Public Offering (IPO). The IPO has only an Offer For Sale (OFS) due to the shareholders and promoters as they are planning to sell their part of shares. Since Tata Technologies has […]
NIFTY 50 heavyweight Infosys was hit hard on Monday as its weak Q4 numbers weighed in on its share price. Infosys shares declined by almost 15% intraday before settling at ₹1,259 apiece, down by 9.37%. The IT major’s shares hit a new 52-week low of ₹1,185.30 apiece, raising concerns there might be more pain ahead. […]
India’s biggest private bank, HDFC Bank, reported a stable set of Q4 numbers on 15 April. The bank, which makes up nearly 8% of the NIFTY 50 index, recorded ₹12,047 crore net profit for the quarter ending March 2023, an almost 20% year-on-year (YoY) rise. The company’s total income grew 31% year-on-year to ₹53,851 crores, […]
Indian IT service major, Infosys, delivered a disappointing set of Q4 results on 13 April. The company reported a 7.8 per cent year-on-year growth in consolidated net profit to ₹6,128 crore, while revenue increased 16 per cent to ₹37,441 crore. However, the Salil Parekh-led company saw a 2.3 per cent drop in revenue and 7 […]
