State-owned fuel retailer Bharat Petroleum Corporation Limited (BPCL) is reportedly planning to offer approximately 8 million shares through a block deal, according to sources cited by CNBC Awaaz on February 13. The anticipated block deal is expected to be valued between Rs 450 crore and Rs 500 crore. Sources mentioned that BPCL Trust for Investment […]
Reliance Industries Ltd achieved a significant milestone on February 13 by becoming India’s first company to surpass a market capitalization of Rs 20 lakh crore, propelled by a rally of over 14 percent in its shares since the beginning of 2024. The company’s stock soared to a new all-time high of Rs 2,957 on the […]
Eicher Motors announced a consolidated net profit of Rs 995.97 crore for the quarter ended December 31, 2023, marking a significant 34.43% year-on-year (YoY) rise. The automaker’s revenue also showed robust growth, climbing 12.28% from the previous year to reach Rs 4,115.6 crore in Q3FY24. Eicher Motors’ results surpassed Moneycontrol’s estimates, which predicted a consolidated […]
Bharat Heavy Electricals Ltd (BHEL) reported a standalone net loss of Rs 163 crore for the quarter ending December 31, 2023, in contrast to a net profit of Rs 31 crore during the same period last year. Despite the loss, the company’s standalone revenue from operations saw a 4.5% increase to Rs 5,504 crore in […]
Phoenix Mills shares witnessed a 5 percent decline in early trading on February 13, despite the company reporting a consolidated net profit of Rs 279.4 crore in the December quarter. The net profit surged by 58.4 percent compared to the same period last year, while revenue experienced a substantial increase of 44.2 percent year-on-year, reaching […]
Shares of GR Infraprojects experienced a nearly 3 percent decline in early trading on the NSE on February 13, following the infrastructure company’s announcement of a 25 percent year-on-year decrease in Q3 profit due to weak operating performance and revenue. At 9:50 am, the stock was trading at Rs 1,195.90. In a regulatory filing dated […]
The initial public offering (IPO) of Entero Healthcare Solutions is set to conclude for public subscription today, amid a tepid response from investors. As of now, the company has garnered subscriptions for just 0.19 times or 19% of the total shares on offer. With a net-off anchor investors’ count of 71.50 lakh shares, the IPO […]
SEBI Orders Zee Business Guest Experts to Return Rs 7.41 Crore “Unlawful Gain” and Bars Some from Market Trading In an interim measure, the market regulator SEBI has instructed numerous guest experts featured on the Zee Business news channel to repay Rs 7.41 crore in “unlawful gains” they accrued by taking contrary positions in the […]
LIC witnessed a notable surge in its shares, climbing by over 6% and reaching a market valuation of Rs 6.99 lakh crore. This rise in valuation has propelled LIC to become the fifth most valued company in India. With this milestone, LIC joins the ranks of prestigious firms in India such as Reliance Industries, Tata […]
Yes Bank witnessed a surge of up to 13 percent in early trading on the NSE on February 6, following the Reserve Bank’s approval for HDFC Bank to acquire stakes in it and five other lenders. By 11:08 am, the Yes Bank stock was trading at Rs 25, reflecting a 9.5 percent increase from the […]