Shares of Larsen & Toubro (also known as L&T) had a weak opening on October 25. It fell 2 per cent to Rs 3,378 after UBS downgraded the stock to ‘neutral’ and cut its target price in view of several challenges in the upcoming quarters.The brokerage has highlighted an upside potential of 16 per cent…
New Delhi, Oct 24 (PTI) Crude oil prices on Thursday rose by Rs 68 to Rs 6,044 per barrel in futures trade as participants widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for November delivery expansion by Rs 68, or 1.14 per cent, to Rs 6,044 per barrel in a…
Shares of public sector company NMDC or National Mineral Development Corporation witnessed a surge on October 23 after the company announced a hike in the price of its lump ore and fines, which was the second price hike by the company in October.NMDC has raised the price of lump ore by Rs 600 to Rs…
The price of onion in retail markets is currently between Rs 60-80 per kg and is expected to remain high till Diwali. The surge in onion prices is mainly due to heavy rains in major onion producing states like Maharashtra, Karnataka, Telangana and Andhra Pradesh, which have damaged crops and disrupted supplies.As a result, prices…
Shares of Ola Electric Mobility made a strong debut on the stock market and rose 4 per cent to Rs 85.3 on October 22. This after the company announced that it has resolved about 99.1 percent of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).In a document filed with the stock exchange,…
France-based car parts supplier Forvia said on Monday it had struck new deals with BYD and Xiaomi, sending its shares up 10%, Reuters reported.Forvia hopes its new contracts with Chinese manufacturers will help it meet waning auto demand from domestic manufacturers, Newswire reported. It has also struck deals with Chinese auto makers Li Auto and…
Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.They expect the bank’s net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.Profit after tax (PAT) is estimated at ₹3,513 crore, showing a…
On Thursday (October 17), Tata Chemicals Ltd announced a 46.1% year-on-year (YoY) decline in net profit to ₹267 crore for the second quarter ended September 30, 2024.According to regulatory filings, Tata Chemicals reported a net profit of ₹495 crore in the previous fiscal quarter. The company’s revenue from operations remained stable at ₹3,999 crore compared…
Infosys Q2 Earnings: PhillipCapital expects Infosys net profit to rise 10.2 per cent to Rs 6,844.40 crore over the previous fiscal, while sales will grow 4.8 per cent to Rs 40,867 crore over the previous fiscal.Infosys Ltd may report a 10-15 per cent year-on-year growth in net profit in the September quarter on a 5…
South Indian Bank shares on Wednesday rose 5.42% to Rs 25.25 on BSE as against its last close of Rs 23.95.South Indian Bank shares rallied 5% in the afternoon session today, as the bank announced its second quarter earnings. Net profit rose 18% to Rs 325 crore in the quarter as against Rs 275 crore…
