Shares of FMCG major Hindustan Unilever (HUL) are expected to remain in focus today after the company reported a 4% drop in its standalone net profit for the quarter ended September 2024. The net profit fell to Rs 2,612 crore, compared to Rs 2,717 crore in the same period last year. Revenue Growth and EBITDA
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Thursday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended up by just 7 points or 0.03% up at 24,496 indicating a flat opening for domestic indices NSE Nifty 50 and
Silver prices traded above Rs 1,00,000/kg on Wednesday on MCX December futures — the most active contract for the white metal — for the first time ever. The December futures saw a high of Rs 1,00,081/kg and currently at Rs 99,000/kg. In Mumbai’s Jhaveri Bazaar spot market, it was trading at Rs 98,862. In the
In a bid to create a level-playing field for retail traders, Upstox has launched tick-by-tick (TBT) engine to provide real-time insights on order flow, market depth and trade price checker. “We want to play a role in making retail more profitable. That’s the basic drive towards what we’re doing. The big reason why retail traders
Action-packed day for Indian markets tomorrow with Adani Wilmar, ACC, ITC, and Godrej Consumer Products set to release their quarterly results. Also, the HUL stock is likely to be in focus on the back of its quarterly earnings plus the decision to separate the ice cream business. Both the IPOs, Deepak Builders & Engineers and
Persistent Systems rallied more than 12% to hit a fresh 52-week high of Rs 5,798.70 after it reported its Q2 FY25 results. The company reported a jump of 23.2% on year in net profit standing at Rs 325 crore in Q2 FY25, compared to Rs 236.26 crore posted in the second quarter of the previous
Shares of One97 Communications, the parent company of Paytm, are set to be in focus today following the company’s announcement on Tuesday regarding its approval from the National Payments Corporation of India (NPCI) to resume onboarding new users onto its Unified Payments Interface (UPI) platform. NPCI Approval to Resume Onboarding In its exchange filing, the
By Ravi Singh Nifty October futures are currently trading at a 50 point premium. The Nifty is continuing to trade in a range of 24,500-25,000. We have seen a further downfall in the FIIs long ratio which is now at 33%. Furthermore we saw an extended selling by FIIs in the cash segment as they
It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years
The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL). MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74
Aditya Infotech IPO (CP Plus) wants to raise Rs 1,300 crores. The issue is a combination of fresh issue of 0.74 crore shares totalling to Rs 500 crore and an offer for sale of 1.19 crore shares aggregating to Rs 800 crore. It has already been subscribed to over 2 times at the end of
The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions and exemptions. Among various other issues, this time one of the major confusions among taxpayers is being seen regarding the rebate available under
IT firm, Tata Consultancy Services (TCS) plans to reduce its workforce by 2 per cent in the financial year FY26, as per media reports. The move is expected to affect around 12,200 jobs, from its total workforce of over 6.13 lakh. Jefferies believes the move could lead to short-term execution issues and a long-term spike
