News Overview

It is perhaps paradoxical, that at the time India is celebrating 72 years of becoming a Republic, its financial markets are in a state of tumult. One can argue that markets are supposed to be volatile and tumultuous by default, but that is not the answer. Millions of equity and mutual fund investors who are exposed to the stock markets find themselves unwittingly dragged into this turmoil. The need of the hour is a constitution.

The company’s net sales showed growth of 24% yoy in Q3FY22 at Rs2,841cr.

The company’s outlook is having a premium brand with various path-breaking models for household, commercial and industrial needs, and being a market leader, we are quite optimistic for growth and performance in a medium to long term period that remains intact.

The European unit came under pressure on Tuesday as the US dollar recovered sharply amid escalating political worries about a potential military conflict in Ukraine and with all focus turning towards the upcoming Fed policy decision. EUR/USD fell below 1.1300 mark for the first time in nearly three weeks and is currently trading at 1.1282. Meanwhile, German business confidence improved in January as companies expect […]

The estimated time for installation of the new machinery at the company’s MDF plant at Chittoor has been extended by three days due to technical reasons.

Sales rise 150.00% to Rs 0.20 crore

Sales rise 17.56% to Rs 14.06 crore

Nifty PSU Bank index ended up 4.24% at 2767.1 today. The index has gained 11.00% over last one month. Among the constituents, Bank of Baroda rose 6.37%, Canara Bank added 6.09% and State Bank of India gained 4.15%. The Nifty PSU Bank index has soared 50.00% over last one year compared to the 21.34% increase in benchmark Nifty 50 index. In other indices, Nifty Auto […]

Lux Industries was locked in 20% lower circuit at Rs 2808.30 after the Securities and Exchange Board of India (SEBI) barred Udit Todi, the executive director of Lux, and 13 other entities in an insider trading case.

The company reported a revenue of Rs 99.1 crore for Q3 FY’22 as against Rs 92.60 crore for Q3 FY’21, up by 7% YoY.