Business

Infosys reported a 13.4 per cent year-on-year (YoY) rise in net profit at Rs 6,586 crore for the December quarter compared with Rs 5,809 crore in the same quarter last year

Benchmark indices Sensex and Nifty ended with losses in choppy trade ahead of inflation and industrial production data to be released later in the day. Unabated foreign fund outflows also hit the investor sentiment. Sensex fell 147.47…

Shares of Tata Motors were trading at the key support level of Rs 412 today. In the last one month, Tata Motors stock has traded in a narrow range of Rs 418 to Rs 375, largely in a bearish zone below the key support of Rs 412. In terms of…

Infosys, India's second largest software exporter, on Thursday reported a 13.4 per cent year-on-year (YoY) rise in net profit at Rs 6,586 crore for the December quarter compared with Rs 5,809 crore in the same quarter last year. The IT…

Japan's Nikkei share average ended little changed on Thursday, on caution ahead of key US inflation data, with banking stocks rallying amid speculation about a Bank of Japan (BOJ) stimulus tweak heading into next week's policy meeting. The…

Shares of Nykaa fell nearly 5% in trade today amid report that 1.4 crore shares of parent company FSN E-Commerce Ventures changed hands in a block deal today. Nykaa stock lost 4.77% to Rs 147.70  against the previous close of Rs 155.10 on…

Shares of One 97 Communications (Paytm) tanked nearly 9 per cent in Thursday's trade amid reports the counter witnessed Rs 1,126 crore worth bulk deals earlier today. Alibaba is believed to be the seller. The scrip fell 8.82 per cent to hit…

Dolly Khanna has been on a selling spree at Dalal Street in the December 2022 quarter, suggesting the latest shareholding patterns filed by the companies so far. He has not picked up a stake in any company so far. Dolly Khanna has trimmed…

Shares of Route Mobile rose 5% today after company said it has won a two-year contract from a leading mobile network operator for international A2P messaging in Sri Lanka. Stock of Route Mobile touched an intraday high of Rs 1246.7, rising…

Shares of Adani Wilmar were trading on a flat note since the consumer food company posted a healthy quarter in terms of strong volume growth for the period ending December 31, 2022.  Adani Wilmar stock was trading at Rs 571.90 today against…

Porinju Veliyath has entered in one new counter in the December 2022 quarter, whereas the smallcap czar has signaled a potential exit from another one, the latest shareholding pattern suggests. According to the companies latest…

Infosys and HCL Technologies (HCL Tech) would report their December quarter results post market hours today. Analysts expect Infosys to report a 11-15 per cent year-on-year (YoY) rise in profit growth, while, for HCL Tech, they see profit…

Stock of Dwarikesh Sugar Industries has delivered 318% returns to shareholders in the last four years. The smallcap share, which closed at Rs 23.85 on January 11, 2019  ended at a high of Rs 99.85 on BSE in the previous session. An amount…

Asian stock markets mostly pushed higher on Thursday, ahead of US consumer price data that investors hope will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy…

HCL Technologies (HCL Tech) is all set to report its quarterly results on Thursday, post market hours. If one were to believe brokerage reports, HCL Tech would lead the tier I pack, with highest sequential revenue growth of 3.6 per cent in…

Indian benchmark indices closed on a flat note on Wednesday amid unabated foreign fund outflows and a weak trend in index heavyweight Reliance Industries. Falling for the second straight session, the Sensex dipped 9.98 points or 0.02 per…

Shares of Fevicol maker Pidilite Industries Ltd have underperformed the broader market in the last one year. The large cap stock has lost 8% against a 0.76% fall in the 30-stock Sensex during the period. Prior to 2022, the Pidilite stock…

Mukul Agrawal has picked up stake in the two companies and signaled a potential exit from two others, during the December 2022 quarter, according to the latest shareholding pattern. Mukul Agrawal, apart from these rejigs, has kept his…

Shares of Marksans Pharma surged more than 8 per cent in Wednesday's trade, extending their gains for the third straight session amid heavy volumes. The stock jumped 8.27 per cent to hit a day high of Rs 67.40 -- also its 52-week high --…

Sah Polymers is likely to deliver a decent listing pop to the investors, despite the volatility in the listed space, if one goes by the signals from the grey market. The issue may break the jinx of flat listing for the mainboard companies…

Shares of Tata Investment Corporation rose sharply in Wednesday's trade, extending their gains for the fourth straight session amid heavy volumes. The stock jumped 7.29 per cent to hit a day high of Rs 2,337.20 over its previous close of Rs…

.  Wipro may come out with a tepid set of December quarter results on Friday, post market hours. If one goes by analyst projections, the Bengaluru-based firm may lag peers TCS, Infosys and HCL Technologies on several fronts. The IT major…

Shares of PTC India hit were stuck in the upper circuit of 5% for the third straight session today amid a report that the Adani Group was looking to buy stake in the state-backed electricity trader. According to a Bloomberg News report, PTC…

Shares of Bengaluru-based garment exporter Gokaldas Exports have delivered over 300 per cent return to its shareholders in the last two years. ICICI Securities has initiated its coverage on this multibagger stock with a 'Buy' rating and…

Wipro will report its December quarter results on Friday, a day after Infosys' quarter earnings. As per Wipro, the quarterly results will be out post market hours i.e. after 3:30 PM IST. Wipro's results will be available in the investors…

Shares of Bharti Airtel extended their fall for the second consecutive session in Wednesday's trade after global investment bank JPMorgan downgraded the telecom operator. JPMorgan said it has downgraded Airtel to underperform from…

At the time when the domestic equity markets were grappling with the geopolitical crisis between Russia and Ukraine and rising interest rates in 2022, select money managers for high networth individuals (HNIs) managed to deliver robust…

The Union Budget is scheduled to be presented on the February 1. This is going to be the last full year Budget before the early 2024 general elections. The last Budget focused on digitisation, ease of doing business, infrastructure and was…

The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.The international development institution downgraded almost all of its forecasts…

Shares of Max Financial Services climbed xx per cent in Wednesday's trade after Axis Bank said it will buy the balance 7 per cent stake in Max Life Insurance from Max Financial Services, at a revised formula. Kotak Institutional Equities…