FY24 Q3 Results Marksans Pharma, a prominent player in the pharmaceutical industry, revealed its robust Q3 and nine-month FY24 results on February 14, 2024. The company showcased impressive growth, with a 22% year-on-year increase in revenue, driven by market share expansion and new product launches across key markets. Additionally, Marksans Pharma bolstered its margin profile, …
As Indian indices continued their winning streak for the fifth consecutive day on Monday, propelled primarily by financials and energy stocks, investors are cautiously optimistic. While both the BSE Sensex and NSE Nifty experienced fluctuations throughout the day, they ultimately closed higher, albeit gains were limited due to fading hopes of early rate cuts in …
The benchmark index S&P BSE 500 opened today at 32,041.18 and made its day high at 32,041.18, and it is trading in red today, with a slight decline of 5.74 points or 0.02%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 6% …
Devyani International portrays a promising technical scenario as the stock is trading in a long-term channel and showing signs of possible reversal. Recently, the stock price has witnessed a heavy sell-off near the oversold region, currently showing a good bounce back. Here is a detailed analysis. Devyani International Ltd Trading in Channel The stock is …
Imagine a sprawling business empire, its tentacles reaching across industries from tea to tech, its market value rivalling entire nations. Now, picture a turquoise haven of atolls and beaches, its economy heavily reliant on tourism. What connects these seemingly disparate entities? You might be surprised. Tata Group Profile Founded in 1868, the Tata Group has …
On Monday, the Nifty 50 index reached a new all-time high of 22,186.65 where the Sensex is still 600 points away from its all-time high. This surge provided an opportunity for profit-taking, stock rebalancing, and portfolio adjustments. Despite this, the Nifty Bank, a significant driver of the Nifty 50’s upward momentum, is trading within its …
Shifting Weights: Winners and Losers The table below showcases the top 10 Nifty 50 constituents ranked by weightage in January 2024, along with their weightage in July 2023 and the change: Company Name Weightage (%) Change (Basis Points) 2024 2023 HDFC Bank Ltd. 11.57 14.10 -253.00 Reliance Industries Ltd. 10.16 9.87 29.00 ICICI Bank Ltd. …
About Letter of Intent JSW Infrastructure received a Letter of Intent from the Jawaharlal Nehru Port Authority (JNPA) for a significant project: “Equipping, Operation, Maintenance and Transfer of Additional Liquid Cargo Berths LB3 and LB4 at Jawaharlal Nehru (JN) Port through Public Private Partnership (PPP) Mode.” This marks a major step forward in JN Port’s …
Despite initially opening lower, domestic indices picked up momentum during the trading session, driven by strong performances in the power, utilities, financial services, and banking sectors. Conversely, the auto, metals, and oil & gas sectors experienced significant selling pressure, reflecting negative investor sentiments. At 10:40 am, the BSE Sensex added 0.11%, reaching a level of …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 90 points or 0.12% at 72,803 while the Nifty-50 up around 3 points or 0.01% at 22,125. About 2,083 shares have advanced, 1,478 declined and 125 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index …
