STOCK NEWS
Kitex Garments board announces 2:1 bonus share issue
Kitex Garments, a multibagger smallcap stock, announced on Friday that it will issue bonus shares in a 2:1 ratio to its shareholders. The decision was made during a board meeting held on November 22, 2024.
ACC, Adani Enterprises among 6 Adani Group stocks where FIIs cut stakes in CY2024
Foreign Institutional Investors (FIIs) have been reducing their holdings in several Adani Group stocks over the past three quarters, while increasing stakes in others. This comes amidst allegations of bribery and fraud against Adani Group Chairman Gautam Adani by the US Securities and Exchange Commission, leading to a significant drop in the company's market value.
LTIMindtree shares jumped 1% as LIC increases stake to 7%
Life Insurance Corporation of India (LIC) has increased its stake in LTIMindtree from 5.033% to 7.034% through open market purchases. This news coincided with LTIMindtree's announcement of an 8% YoY growth in Q2 net profit, reaching Rs 1,251 crore, and a 6% rise in revenue to Rs 9,433 crore.
Stocks in news: Adani Enterprises, Adani Green, JSW Energy, Afcons Infra, Tata Power
Shares of Adani Enterprises, Adani Green and few other group stocks will be in focus following a sharp 20% fall on Thursday due to US indictment against Gautam Adani.
Adani bull GQG caught in cross-firing as shares crash 26%, may review portfolio
GQG Partners Share Price: GQG Partners, an investment firm that heavily invested in Adani stocks, is reviewing its portfolio following U.S. prosecutors indicting Gautam Adani and others on bribery charges. GQG's shares plummeted 26% after the news, while Adani Group stocks fell by up to 20% in India.
Stocks in news: Airtel, Vedanta, Godfrey Phillips, UPL, Adani Enterprises
Fitch Ratings has maintained its 'B-' rating for Vedanta Resources Ltd (VRL), the parent of Vedanta, while assigning a positive outlook that signals potential upward momentum.
Stocks in news: Waaree Energies, Ashoka Buildcon, Shilpa Medicare, Tilaknagar Industries
Waaree Energies, which recently made a stellar debut at the bourses, reported its first earnings post listing, where the solar PV maker clocked 15% growth in its second quarter net profit at Rs 362 crore.
Sensex drops 600 pts, Nifty below 23,400 as slow earnings and FPI outflows weigh on investor mood
Stock Market Today: Indian benchmark equity indices traded lower on Monday, weighed down by concerns over slowing earnings growth and foreign outflows. Additionally, comments from the Federal Reserve Chair signaling a slower pace of interest rate cuts further dampened market sentiment.
Stocks in news: Hero MotoCorp, Grasim, Delhivery, RIL, Ola Electric
India's leading two-wheeler maker Hero MotoCorp reported 14% growth in its standalone net profit at Rs 1204 crore in the second quarter
Stocks in news: Grasim, Hero MotoCorp, Cipla, Varun Beverages, Vodafone Idea
Shares of Eicher Motors will be in focus today as the company reported a 8% growth in its standalone net profit at Rs 1010 crore in the quarter ended September 2024.
Stocks in news: Vodafone Idea, Eicher Motors, BSE, Nykaa, PNB Housing
Leading exchange BSE reported 193% growth in its consolidated net profit at Rs 346 crore for the second quarter, compared with Rs 118 crore in the last year quarter.
Stocks in news: Hyundai, Nykaa, Hindalco, NMDC, Britannia, IndiGo
The Board of NMDC has approved a bonus issue of equity shares in the proportion of 2:1, which means for every one share investors hold in the company, they will get two additional shares.
Stocks in news: Hyundai, Nykaa, Ola Electric, Asian Paints, Tata Motors
Shares of Hyundai, Nykaa, General Insurance, Zydus, BSE will be in focus as the companies will announce their second quarter results today.
Stocks in news: SBI, Tata Motors, Ola Electric, Vedanta, Indian Hotels
NHPC Ltd on Friday reported 41% decline in its consolidated net profit at Rs 909 crore in the second quarter ended September 2024. The same stood at Rs 1546 crore in the last year quarter.
Stocks in news: Tata Steel, M&M, Trent, Blue Star, Hindalco
Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period.
Stocks in news: Hindustan Zinc, GAIL, Titan, Dr Reddy's, Apollo Hospitals
GAIL (India) on Wednesday reported 11% growth in its standalone net profit at Rs 2,672 crore for the September quarter. This was Rs 2405 crore in the last year quarter.
Stocks in news: Titan, Dr Reddy's, IRCTC, Embassy REIT, Afcons Infrastructure, Dixon Tech
Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya.
Stocks in news: IRFC, IRCTC, Ujjivan SFB, Bharti Airtel, Sun Pharma
Tata Investment Corporation reported its September quarter net profit at Rs 124 crore, which was flat over the corresponding quarter of the previous financial year.
Stocks in news: Tata Investment, Tata Power, L&T, Wipro, Biocon
The company reported a net profit (before exceptional items) of Rs 1533 crore in the September 2024 quarter, compared with Rs 1,017 crore in the year-ago quarter. This is an increase of 51% year-on-year.
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