📈 Despite the Sensex tanking 440 points and Nifty ending at 19,700, Cipla managed to jump 10%, while M&M and TechM lagged behind. Stay informed and stay ahead of the game with our daily market updates.
It seems that the mixed earnings reports from heavyweight companies had a significant impact on the market sentiment, leading to a decline in both the Sensex and Nifty. While the market started strongly in response to the Federal Reserve’s rate increase, the negative influence of the earnings reports reversed the trend, and the indices closed […]
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🚀 Exciting news! Concord Biotech, with the backing of Rakesh Jhunjhunwala’s firm, is targeting an IPO launch in August with a potential valuation of up to $1 billion. 🌟 We’re thrilled to be a part of this journey and can’t wait to see what the future holds for this innovative biotech company.
Concord Biotech, a leading biotechnology firm based in Ahmedabad, is preparing to launch its initial public offering (IPO) in early August. The company is backed by Rare Enterprises, the firm of the late veteran investor Rakesh Jhunjhunwala, and healthcare-focused Asian private equity firm Quadria Capital. The updated draft red herring prospectus (UDRHP) was filed with […]
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🏢📈 Suraj Estate Developers is all set to take the market by storm with its Rs 400-crore IPO! 💰🚀 Stay tuned for more updates on this exciting development.
Suraj Estate Developers has filed fresh preliminary papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 400 crore. This comes after the company had previously filed its draft IPO papers in March 2022. In this new filing, the IPO consists entirely of a fresh issue […]
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Breaking news: ITC shares fell 4% after hotel demerger news. Jefferies and other leading financial firms have weighed in to explain why. Read our blog post for more information!
The decision to demerge the hotels division into a wholly-owned subsidiary is indeed a significant move for ITC. It can potentially unlock value for the company and its shareholders by creating a separate entity dedicated to the hotel business, which may attract specific investors and strategic partnerships. Such a move can also lead to a […]
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Canara Bank’s Q1 results are in and we’re thrilled to announce a 75% surge in profit to Rs 3,535 crore! Our Net Interest Margin (NIM) also stands strong at 3.05%.
The financial results reported by Canara Bank for the June quarter indicate a robust performance with significant growth in net profit and net interest income. Here are the key highlights: The positive financial results demonstrate Canara Bank’s improved performance during the June quarter, contributing to higher profitability and a positive outlook.
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TVS Motor’s Q1 FY24 results are in and we’re thrilled to announce a 46% increase in net profit to Rs 468 crore, with revenue up 20%!Our commitment to innovation and customer satisfaction continues to drive our success.
The 46% year-on-year rise in net profit for the June 2023 quarter (Q1 FY24) reflects strong financial performance and profitability. Here are the key highlights: This growth in net profit indicates that the company has been able to improve its operational efficiency, increase sales and revenue, or implement cost-cutting measures effectively. TVS Motor said posted […]
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Breaking news! IDBI Bank’s Q1 net profit has surged by 62%, leading to a significant boost in its stock value.Our commitment to delivering exceptional financial services continues to yield positive results.
The 2% rise in shares indicates a positive market response to the 62% increase in consolidated profit for the quarter ended June 2023. The reported net profit of Rs 1224 crore in Q1 is a substantial improvement compared to the Rs 756 crore profit in the same period of the previous fiscal year. This growth […]
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Ready to ride the rally train? RVNL shares have hit a 52-week high, up nearly 370% in the last year – and there’s more steam left! Follow our updates for all the latest market news.
Shares of Rail Vikas Nigam Ltd (RVNL) experienced a significant surge in Monday’s trading session, reaching a one-year high level. The stock jumped 7.32 per cent, hitting a 52-week high of Rs 146.65 compared to the previous close of Rs 136.65. RVNL has been a standout performer, classified as a “multibagger” counter due to its […]
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JFS demerger sends shockwaves through the market as RIL shares witness a staggering loss of Rs 1 lakh crore in market capitalization within just 2 days. A significant corporate action that has left investors and analysts alike reeling.
Shares of Reliance Industries Limited (RIL) have witnessed a significant decline in market capitalization (m-cap) since the demerger of its financial services business into Reliance Strategic Investments (to be renamed as Jio Financial Services or JFS). The decline in m-cap reflects a decrease in the overall market value of the company’s outstanding shares. As of […]
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