News Overview

Hindalco Industries Ltd has lost 25.02% over last one month compared to 14.67% fall in S&P BSE Metal index and 8.41% drop in the SENSEX

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) rose 7.11% to Rs 811 after the companys standalone net profit rose 108.24% to Rs 643.26 crore on 59.93% jump in net sales to Rs 2771.71 crore in Q4 March 2022 over Q4 March 2021.

KEI Industries gained 2.09% to Rs 1,169.50 after the company reported a 34.6% jump in consolidated net profit to Rs 115.98 crore from Rs 86.1 crore posted in Q4 FY21.

DLF Ltd has lost 14.76% over last one month compared to 13.64% fall in S&P BSE Realty Index index and 8.21% drop in the SENSEX

Metal and IT stocks were top laggards, while the Consumer Durables also witnessed profit booking.

JSW Steel reported crude steel production for the month of April 2022 at 16.67 lakh tonnes compared to 13.71 lakh tonnes in April 2021, recording a growth of 22%. The companys production of flat rolled products rose 25% to 12 lakh tonnes while production of long rolled products rose 5% to 3.54 lakh tonnes in April 2022. The company started receiving power from renewable sources […]

The key equity benchmarks traded with minor gains in early trade amid some buying in index pivotals. The Nifty marched towards the 16,350 mark. FMCG, auto and media edged higher while metals and consumer durables lagged behind. At 09:22 IST, the barometer index, S&P BSE Sensex was up 95.95 points or 0.18% to 54,566.62. The Nifty 50 index added 39.10 points or 0.24% to 16,340.95. […]

Axis Bank has allotted 1,21,727 equity shares of Rs. 2/- each of the Bank on 09 May 2022, pursuant to exercise of stock options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 614,15,96,344 (30,707,98,172 equity shares of Rs. 2/- each) to Rs. 614,18,39,798 (307,09,19,899 equity shares of Rs. 2/- each). Powered by Capital Market – Live […]

At meeting held on 09 May 2022

Cipla announced the commercialisation of RT-Direct multiplex COVID-19 RT PCR Test kit in India, in partnership with Genes2Me Pvt. Ltd. With this Cipla is expanding its diagnostics offering to bring more advance and innovative products. Cipla will be responsible for the distribution of RT Direct kits in India and has commenced supply of the same. This kit is validated at the Indian Council of Medical […]