Tata Consumer on Friday beat Street estimates, reporting an almost 8% increase in net profit for the quarter ended September 2024 (Q2FY25) to Rs 364 crore, compared to Rs 338 crore in the same period last year. Analysts polled by Bloomberg had projected a net profit of Rs 343 crore for the quarter under review.
The recent reduction of over 20% in the allocation of Administrative Price Mechanisms (APM) gas to city gas distribution companies by GAIL India is expected to result in an increase in the prices of CNG (Compressed Natural Gas), as per analysts. As communicated by Indraprastha Gas and Mahanagar Gas, the government has decided to cut
India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external
In recent times, silver has attracted a lot of attention from investors, and it is even performing better than gold. Historically, silver has remained under gold’s shadow. But if we look at the returns delivered by both precious metals in 1 year, silver has outperformed gold. In the last 1 year, silver prices have jumped
The Union Cabinet on March 19 approved an ‘Incentive Scheme’ for promotion of low-value BHIM-UPI transactions for the financial year 2024-25. The incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) will be implemented at an estimated outlay of Rs 1,500 crore, Union Minister Ashwini Vaishnaw said in a press briefing after the Cabinet meeting.
The markets are moving upwards in bits and pieces. As the Nifty rallies towards 23,000, here are some interesting Buy recommendations by JM Financial Institutional Securities. The recommendations are based on share valuations as well as key sectoral dynamics. JM Financial Institutional Securities On Suzlon JM Financial Institutional Securities has maintained a Buy rating on
Defence stocks have seen a strong run up in trade today. Mazagon Dock rallied 10% intra-day. Several others like Garden Reach Shipyard hit 20% upper circuit in trade today. The other top gainers include Cochin Shipyard up 8.8%, HAL up 4.4%, Bharat Dynamics up 6%. Even BEL, a key Nifty stock, gained nearly 2%. One
The domestic key equity indices closed on a positive note for the second consecutive session on Wednesday. The NSE Nifty 50 rose 73 points or 0.32% to settle at 22,907, while the BSE Sensex rose 148 points or 0.20% to finish at 75,449. Nifty Realty and PSU Bank were the top gainers among the sectoral
