Business

Mutual funds increased exposure to many new-age stocks including FSN E-Commerce Ventures (Nykaa), One97 Communications (Paytm), PB Fintech (Policybazaar) and Zomato in January amid December quarter earnings. A few new-age companies later…

Manaksia returned to the black in the December 2022 quarter as the company reported a net profit at Rs 6.2 crore in the given period. The company had reported a net loss in the 0.27 crore same quarter a year ago. On a sequential basis…

Shares of Eicher Motors rose sharply in Wednesday's trade after announcing the December quarter results. The stock jumped 5.20 per cent to hit a day high of Rs 3,340 over its previous close of Rs 3,174.85. The company reported a 62.42 per…

Men wearing military uniform walk along Red Square in front of St. Basil's Cathedral in central Moscow on February 13, 2023.Alexander Nemenov | Afp | Getty ImagesThe coming months will be critical in figuring out how Russia's economy is…

Analysts on Dalal Street retained their mixed views on the publicly-listed Adani group of companies post Q3 results, citing valuation concerns despite up to 71 per cent drop in the 10-listed stocks since the Hindenburg Research report. Data…

Shares of Gujarat Mineral Development Corporation (GMDC) jumped about 12 per cent in Wednesday's trade after the company reported a strong performance in the period that ended on December 31, 2022.GMDC reported a 97 per cent year-on-year…

Shares of Khaitan Chemicals hit a fresh 52-week low today amid growing worries of investors over the decline of the multibagger scrip in the last one year.  In fact, the stock has slipped 61.70% from its 52-week high of Rs 156.95 hit on…

Shares of Chemplast Sanmar are in focus after the company reported its earnings for the quarter ended December 2022. The stock jumped over 2 per cent to hit a day's high of Rs 423.55 on BSE on Wednesday. The company's net profit declined…

In its January 24 note, short seller Hindenburg Research said seven of Adani Group key listed companies have 85 per cent downside potential purely on a fundamental basis, owing to sky-high valuations. That, it said, was after ignoring the…

Kitex Garments' shares tanked about 14 per cent during the early trade on Wednesday, after the company reported a disappointing performance in the period ending December 31, 2022. The company reported a loss in the December 2022 quarter.…

Shares of Torrent Power rose in early trade today after the firm logged a 86% YoY growth in consolidated profit for the quarter ended December 2022. Profit rose to Rs 684.60 crore in Q3 against Rs 368.08 crore in the corresponding quarter…

A handful of companies have come out with quarterly results towards the end of the earnings season. Among them are Bharat Forge, Gujarat State Petronet (GSPL), CESC, Titagarh Wagons, Bosch. The December quarter numbers for these companies…

ITC, Dalmia Bharat Sugar, Manappuram Finance, Computer Age Management Services (CAMS) and Aarti Industries are among nine stocks, which will turn ex-dividend today. Shares of Shreeji Translogistics will turn ex-split today. Vesuvius India,…

Brian Chesky, CEO and Co-founder of AirbnbMike Segar | ReutersShares of Airbnb rose about 9% in extended trading Tuesday after the company released fourth-quarter earnings that beat analysts' estimates on top and bottom lines.Here's how the…

Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday.The consumer price index, which measures a broad basket of common goods and services, rose…

Coca-Cola on Tuesday reported quarterly revenue that beat analysts' expectations, driven by higher prices on its drinks.But those higher prices have hurt demand for Coke products like Simply Orange Juice and Fairlife Milk. Coke said its…

The listed new-age technology companies have reported a mixed set of results for the quarter ended December 2022. Where FSN E-Commerce Ventures (Nykaa) reported over 70 per cent fall in net profit in Q3FY23, other players, including One97…

In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. A federal lawsuit has been filed and is seeking class-action status alleging that fast food burger chain Burger King is…

Domestic stock indices on Tuesday snapped a two-day losing streak to settle higher. Weakness, however, prevailed in the broader market with almost two stocks ending lower for every one stock that rose, thanks to a handful of disappointing…

In its quarterly earnings, Adani Enterprises talked about the company's financial strength, strong governance and strict regulatory compliance. It partly talked about Hindenburg Research without naming it. The Adani firm gave a brief view…

Shares of Reliance Industries Ltd (RIL) rose after two days of losses today as financial brokerage Jefferies assigned a buy rating to the conglomerate. It reiterated its price target of Rs 3,100 a base case scenario, citing adequately…

Shares of Adani Enterprises staged a strong rebound in Tuesday's session after the Adani group flagship reported  December quarter results. In a press release,  the Adani Group Chairman, Gautam Adani, said the current market volatility is…

IRB Infrastructure Developers' shares rose in early trade on Tuesday after the company announced its results for the period ended on December 31, 2022. However, the stock gave up its early gains and traded flat during the second half of the…

Fusion Micro Finance (Fusion), which made its debut at Dalal Street in November 2022, is headed for a strong upside, believe analysts from select brokerage. After its quarterly earnings for the period ended on December 31, 2022, brokerage…

ITC shares were in focus in Tuesday's trade after a media report quoted Tuhin Kanta Pandey, secretary at Department of Investment and Public Asset Management (DIPAM), as suggesting the government does not plan to sell its indirectly held…

Retail investors love lesser-known counters at Dalal street but a few of them have rewarded them with multibagger returns since last Valentines' Day. A handful of BSE-listed companies have surged between 100 and 290 per cent in the last one…

EKI Energy Services, one of the holdings of Mukul Mahavir Agrawal, extended its weakness to the lower circuit on Tuesday. The stock was locked in sellers' circuits for a second straight session after the auditor's report and a disappointing…

Shares of Indiabulls Real Estate fell for the second straight session today after the firm reported widening of loss to Rs 237 crore in the December quarter against Rs 87.22 crore loss in the corresponding quarter of the previous fiscal.…

U.S. inflation is likely to be "far stickier" and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.Wall Street is gearing up for key inflation data later Tuesday, when the Labor Department…

Shares of Adani group companies such as Adani Enterprises, Adani Power, Adani Ports & SEZ and Adani Green Energy fell up to 5 per cent in Tuesday's trade amid reports the group has been in talks since last week with Abu Dhabi’s…