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Weekly Wrap: Nifty Fell 150 Points Today and Closed the Week at 22,420!

Weekly Wrap: Nifty Fell 150 Points Today and Closed the Week at 22,420!

26 April 2024

Today, the major indices, NSE Nifty50 and BSE Sensex, ended the day in the red. The Nifty50 index opened the day at 22,620.40, 50 points higher than the previous day’s closing level of 22,570. During the intraday session, it reached an intraday high of 22,620.40 and a low of 22,385.55, ultimately concluding the day at …

Top 3 stocks trading below Rs 100

Top 3 stocks trading below Rs 100

26 April 2024

These three equities gained significantly with price and volume activity during Friday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Yes Bank Ltd Yes Bank Ltd experienced a trading day with significant volume, clocking in at 253,784,372 shares traded. The stock hit a high of Rs 26.45 before settling at Rs 26.05, slightly …

UTI AMC Ltd’s FY 2024 Net Profit Up By 75% – Share Price Rises ~2.91%

UTI AMC Ltd’s FY 2024 Net Profit Up By 75% – Share Price Rises ~2.91%

26 April 2024

On April 25, 2024, UTI Asset Management Company Limited released its financial results for the fiscal year 2024 and Q4 FY 2024. The company reported a consolidated net profit of ₹766 crore for FY 2023‐24, which is up by 75% compared to the previous year, i.e., FY 2023. Financial Highlights for FY 2024 UTI Asset …

CIE Hosur Limited Acquires 27.89% Stake in Ojaha Renewables

CIE Hosur Limited Acquires 27.89% Stake in Ojaha Renewables

26 April 2024

On April 25, 2024, CIE Automotive India Limited informed in an exchange filing that the company’s wholly-owned subsidiary, CIE Hosur Limited (CHL), entered into a Share Subscription and Shareholders Agreement (SSSHA) with Ojaha Renewables Private Limited (ORPL) wherein CHL had agreed to invest and subscribe equity share capital of ORPL. Details of the Acquisition CIE …

How Are TVS Planning to Counter Bajaj Auto’s Ambitious Expansion Plans?

How Are TVS Planning to Counter Bajaj Auto’s Ambitious Expansion Plans?

26 April 2024

Bajaj Auto Limited is an Indian multinational automotive manufacturing company, It is the world’s third-largest manufacturer of motorcycles and the second-largest in India. It is the largest three-wheeler manufacturer in the world, The company is set to expand its electrical vehicle business ahead. Here it will face tough competition with the third-largest motorcycle company in …

Maruti Suzuki FY24 Q4 Results: A Complete Breakdown of Results

Maruti Suzuki FY24 Q4 Results: A Complete Breakdown of Results

26 April 2024

The Indian subsidiary of Japanese automaker Suzuki Motor Corporation, Maruti Suzuki India Ltd. has reported a net profit of Rs.3,877.8 crores in Q4 FY 2023-24 which is up 47% from Q4 FY 2022-23 but has still missed the expectations of analysts. The company has also declared a dividend of Rs.125 per share. The company with …

Smart Asset Allocation: Utilising the Breakdown from Nifty500 to Nifty Midcap Select Indices

Smart Asset Allocation: Utilising the Breakdown from Nifty500 to Nifty Midcap Select Indices

26 April 2024

In the dynamic landscape of financial markets, smart asset allocation stands as a cornerstone of successful investment strategies. One avenue for optimising allocation is by delving into the breakdown from the Nifty500 to the Nifty Midcap Select indices. This approach allows investors to gain deeper insights and potentially uncover opportunities within different segments of the …

Tata Communications Recognised by Gartner for 11th Consecutive Year in Global WAN Services

Tata Communications Recognised by Gartner for 11th Consecutive Year in Global WAN Services

26 April 2024

On April 26, 2024, Tata Communications informed the stock exchanges that the company has been recognised as a Leader in the 2024 Gartner Magic Quadrant for Global WAN Services for the 11th straight year. The evaluation from Gartner was based on specific criteria that analysed the company’s overall completeness of vision and ability to execute. …

Tanla Platforms Limited Shares Down by 3.15% Despite 17.1% Revenue Growth in FY 2024

Tanla Platforms Limited Shares Down by 3.15% Despite 17.1% Revenue Growth in FY 2024

26 April 2024

On April 25, 2024, Tanla Platforms Limited released its financial results for the fiscal year ended 2024 and Q4 FY 2024. In FY 2024, the company reported an increase in its revenue by 17.1% year-over-year to ₹39,278 million. Financial Highlights of FY 2024 In FY 2024, Tanla Platforms Limited reported a gross profit of ₹10,559 …

Kirloskar Industries Hits Significant Milestone of Rs 5,000 Per Share Today

Kirloskar Industries Hits Significant Milestone of Rs 5,000 Per Share Today

26 April 2024

Kirloskar Industries is engaged in the business of iron castings, investments (securities and properties), wind power generation, and real estate. The company owns lands, buildings, apartments, and offices in Pune, New Delhi, and Jaipur. It has leased most of these lands, buildings, and offices to the group and other companies on a lease and license …

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