News Overview

PAT for FY22 was reported at Rs1,307.40 crore as compared to Rs535.20 crore in FY21.

Cipla Ltd is quoting at Rs 996.95, up 1.03% on the day as on 12:49 IST on the NSE. The stock is up 5.34% in last one year as compared to a 6.73% spurt in NIFTY and a 10.39% spurt in the Nifty Metal index.

Oriental Rail Infrastructure advanced 3.64% to Rs 121 after the companys wholly owned subsidiary Oriental Foundry has secured an order worth Rs 1,211.89 crore from Indian Railways.

The US interest rate hike talks are back on the table and are keeping the US dollar supported today after it fell near one month low. The US Federal Reserve should be prepared to raise interest rates by a half percentage point at every meeting from now on until inflation is decisively bought under control, Fed Governor Christopher Waller said on Monday. Wallers comments came […]

In Q4FY22 company posted a 51.60% yoy jump in net sales at Rs455.51 crore against the previous corresponding quarter.

Australian Bureau of Statistics released the statistics of current price estimates for the March 2022 quarter. Company gross operating profits rose 10.2% seasonally adjusted. Wages and salaries rose 1.8% seasonally adjusted. Inventories rose 3.2% seasonally adjusted. Powered by Commodity Insights

For FY22, the company’s net profit increased to Rs810.6 crore as compared to Rs362.1 crore in the previous financial year, up manyfold.

Company’s revenue jumped 28% yoy to Rs17,124 crore in the period under review as compared to Rs13,356 crore in Q4FY21.

Sales rise 12.02% to Rs 11.46 crore

The domestic equity benchmarks were trading with tiny losses in the mid-morning trade. The Nifty was trading a tad below the 16,650 mark. Shares of realty, media and metal were in the green while consumer durables, pharma and FMCG stocks corrected. Traders locked profits after shares rallied in the past three consecutive sessions. At 11:24 IST, the barometer index, S&P BSE Sensex was down 93.27 […]