Sona BLW Precision Forgings (Sona Comstar) a leading tier 1 supplier has announced its financial results for Q2 FY2024 and H1 FY2024. In Q2 the revenue came at Rs 791 crore, up 20% YoY, EBITDA at Rs 223 crore, up 35% YoY and net profit of Rs 124 crore, up 34% YoY. This the company …
By HDFC Securities Mahindra & Mahindra’s Q1 PAT, at Rs 14.7 bn, was below our estimate of Rs 16.5 bn due to lower-than-expected margin in the FES segment. FES margin remained under pressure due to the inability to pass on rising costs and an adverse mix impact. We remain optimistic about M&M’s aggressive future roadmap …
Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended marginally up on Thursday, a day of weekly F&O expiry. BSE Sensex ended 38 points or 0.06 per cent at 60,298, while NSE Nifty rose 12.25 points or 0.07 per cent to settle at …
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended the choppy session in green on Friday, after the RBI MPC raised the repo rate for the third straight time this fiscal. BSE Sensex gained 89 points or 0.2 per cent to settle at 58,388, while NSE Nifty 50 finished trade at 17,398, up …
A 13,000-sq ft space where nine robots practise their moves picking up not just hard objects but irregular shaped ones like a packet of chips or even something slippery such as a shiny Coke can and then placing them in their exact groove. This is H.I.V.E. – short for Hub for Intelligence & Vision Excellence …
The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim’s two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a …
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) may tighten regulations for mutual funds and alternative investment funds (AIFs) in its upcoming board meeting. The chiefs of at least three different fund houses have come under regulatory glare in the past few months. The regulator may pronounce direct action against these CEOs …
Rakesh Jhunjhunwala-owned Federal Bank stock could be gearing up for a 13% rally in just three months, analysts at ICICI Direct said in a report. The brokerage firm has picked the banking sector stock as their quant pick, backed by derivative and quantitative data. Federal Bank’s share price is up 26% so far this year …
State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost. According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin …
By Ashley Coutinho The alpha delivered by the mutual fund industry has declined in the past 15 years and active funds are struggling to beat their underlying benchmarks. Nearly 80% of the industry’s active assets under management (AUM) have outperformed the benchmarks over a 10-year period. However, only 40% have done so over three- and …