The results do not do much for the stock. It creates a moderate upside in the near term in my view because the TCV order bookings were strong over the last two quarters. This quarter has been a bit lower than expected, but then the past orders could start getting implemented going forward.
Sanjay Gupta’s company dominates the steel tubes market in India, but he says there is still room for improvement as the country’s usage of this commodity is low when compared with other nations.
The 30-share BSE Sensex was up 120.57 points at 80017.91
With India’s 63 million MSMEs facing a problem, changes in the ruling can go a long way in keeping buyer-seller equations intact, while also ensuring a steady flow of the payment cycle.
NITI Aayog member Arvind Virmani predicts India's economy will grow around 7 per cent this fiscal year and maintain this rate for years, despite facing new challenges. The Reserve Bank of India forecasts a 7.2 per cent GDP growth rate for FY25. Virmani notes a recovery in private consumption post-pandemic, attributing it to a "double drought" situation. He believes coalition politics may slow privatisation in some states but remains optimistic overall. Virmani expects FDI to rise in emerging markets... Читать дальше...
Dividend from shares and mutual fund: You have to pay income tax on all dividend received, however there is a way using which you can reduce the net tax outgo on dividend income. "Only interest expenses are allowed as a deduction from dividend income," says Neeraj Agarwala, Partner, Nangia & Co LLP.
The 30-share BSE Sensex was up 121.9 points at 80019.24
Q1 FY25 results show NPAs are crucial for investors. Key banks include ESAF Small Finance Bank (2.26%, Rs 2,715 crore), City Union Bank (1.97%, Rs 12,027 crore), Punjab & Sind Bank (1.63%, Rs 40,267 crore), Canara Bank (1.27%), Karnataka Bank (1.58%), South Indian Bank (1.46%), Central Bank of India (1.24%), Bank of India (1.22%), and Bank of Baroda.
Q1 FY25 results show NPAs are crucial for investors. Key banks include ESAF Small Finance Bank (2.26%, Rs 2,715 crore), City Union Bank (1.97%, Rs 12,027 crore), Punjab & Sind Bank (1.63%, Rs 40,267 crore), Canara Bank (1.27%), Karnataka Bank (1.58%), South Indian Bank (1.46%), Central Bank of India (1.24%), Bank of India (1.22%), and Bank of Baroda.
Aelea Commodities' SME IPO is open for subscription, aiming to raise Rs 51 crore. The company deals in cashews and other commodities. Investors can bid for shares at Rs 91-96 per share.
Arvind Kejriwal Bail: The Supreme Court granted interim bail to Delhi CM Arvind Kejriwal in the excise policy case following his plea challenging the arrest by the Enforcement Directorate. The court reserved its verdict after hearing arguments from both sides. Kejriwal had surrendered on June 2 as per court orders.
The Relative Strength Index of the stock stood at 62.16 on Friday.
As of 30-Jun-2024, promoters held 51.52 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 9.26 per cent.
The Nifty Auto index was trading 0.09 per cent down at 25234.7.
Nifty rose 120 points with TCS, Infosys leading. CALL, PUT interest indicates trading range. Geojit's Anand James described market expectations. SBI Securities' Sudeep Shah highlighted bearish sentiment in Bajaj Finance, Escorts Kubota, bullish momentum in ONGC due to cumulative OI, PUT writing, robust volume, and short-term targets suggesting strong upside potential.
Sati Poly Plast's SME IPO opened today, aiming to raise Rs 17.36 crore by offering 13.35 lakh fresh equity shares at Rs 123-130 per share. The company provides flexible packaging solutions for various industries.
According to Sebi norms, focused equity mutual fund schemes must invest in a portfolio of maximum 30 stocks. These schemes have no other restrictions when it comes to investing- like flexi cap schemes they can invest in any market capitalisations and sectors. If that investment strategy appeals to you, you can get to know more about focused equity schemes.
A total of 6,547 shares changed hands on the counter till 10:25AM (IST).
A total of 7,935 shares changed hands on the counter till 10:20AM (IST)
The NSE Nifty index was trading 61.35 points up at 24377.3
The Australian Competition and Consumer Commission (ACCC) and the treasury department are consulting internet, banking and telecommunications firms about creating a mandatory, enforceable anti-scam code which legally requires them take reasonable steps to protect users, including offering an effective complaint service.
On Friday morning, the rupee remained flat at 83.53/USD amid strong crude prices and stock gains. Range: 83.50-83.54. Brent crude at 85.60 USD/barrel. Sensex up 226.11 pts to 80,123.45; Nifty up 82.1 pts to 24,398.05. US dollar index 104.49; softer inflation data raised Fed rate cut hopes. FIIs offloaded Rs 1,137.01 crore on Thursday.
A total of 15,104 shares changed hands on the counter till 10:15AM (IST)