Despite opening the trading session on a notably higher note, domestic indices later witnessed a significant decline, largely influenced by downturns in the telecommunications, power, utilities, and banking sectors. With the exception of the BSE FMCG Index, which saw shares of HUL soar 5% today, all other sectoral indices were trading lower. At 11:10 am, …
On May 7, 2024, VA Tech WABAG informed the stock exchanges that the company had secured a repeat order from Office National De L’assainissement (ONAS). The consortium order from ONAS is for the Design, Build, Operate (DBO) of a 36 MLD Wastewater Treatment Plant (WTP) worth approximately 114.22 million Tunisian Dinars (around Euro 34 million) …
Leading automaker Mahindra & Mahindra Limited (M&M) announced a significant move towards expanding its presence in the renewable energy sector on May 6, 2024. Mahindra Susten Private Limited (MSPL), a wholly-owned subsidiary of Mahindra Holdings Limited, has incorporated four new companies: Neon Hybren Private Limited Orion Hybren Private Limited Pulse Hybren Private Limited Quest Hybren …
IRB Infrastructure Developers Limited (IRB Infra), India’s leading developer of multi-modal transport infrastructure, and its associate, IRB Infrastructure Trust (IndInfraTrust), India’s largest Infrastructure Investment Trust, have commenced the new financial year (FY25) on a positive note. Both companies reported a solid 29% year-on-year (YoY) growth in toll revenue for April 2024, the first month of …
On May 6, 2024, VST ZETOR Private Ltd, a collaborative venture between VST Tillers Tractors Ltd and HTC Investments a.s, unveiled 3 new higher HP tractors in the 41 to 50 HP range—VST ZETOR 4211, 4511, and 5011. These tractors, representing the pinnacle of joint development efforts between VST and ZETOR, were rigorously tested and …
The benchmark index S&P BSE 500 opened today at 33,007.73 and made its day high at 33,011.20, and it is trading flat today, down by around 0.01%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. IIFL Finance Ltd Shares of …
Marico Ltd reported a steady performance in Q4FY24, with year-on-year growth in several key financial areas. Total sales for the quarter reached Rs 2,278 crore, reflecting a marginal 1.69% increase compared to the same period in the previous year. This sales growth contributed to a healthy earnings before interest, depreciation, and tax (EBIDT) of Rs …
On May 06, 2024, Nifty 50 slipped 0.15%, closing at 22,442, and Sensex rose 0.02%, closing at 73,895. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty IT, Nifty Mid Small Healthcare and Nifty FMCG ended in green. Meanwhile, Nifty PSU Bank, Nifty Consumer Durables, Nifty Media and Nifty Oil & Gas were …
On Monday, the stock market mostly went down with a lot of ups and downs. The Sensex, which tracks 30 large companies, went up slightly by 0.02% and closed at 73,895.54 points. On the other hand, the Nifty, which follows 50 major companies, went down by 0.15% and ended at 22,442.70 points. Some sectors like …
Traditionally viewed as inefficient and bureaucratic, PSUs in India are undergoing a significant transformation, leading to improved financial performance and a surge in their stock prices. For many years, Indian PSUs were synonymous with sluggish growth and inefficiency. However, the narrative is changing. In a significant development, PSU stocks have been outperforming India’s benchmark stock …
