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Nifty IT Index Surges Post Strong Q3 Results from Infosys and TCS | Stock Market News

Nifty IT Index Surges Post Strong Q3 Results from Infosys and TCS | Stock Market News

Fri, Jan 12, 2024

Indian IT stocks witnessed a significant jump on Friday following earnings releases from Infosys and Tata Consultancy Services (TCS) the previous day. Both companies' financial performance surpassed analyst expectations, boosting investor confidence and driving share prices higher.

Why LIC Stock Is Trading In Green Despite New GST Demands | Stock Market News

Why LIC Stock Is Trading In Green Despite New GST Demands | Stock Market News

Thu, Jan 04, 2024

Life Insurance Corporation shares rose for a second day, gaining 1% despite receiving GST demands totaling Rs 667.5 crore from three states. LIC will appeal the demands related to alleged improper Input Tax Credit claims.

LIC Shares Spotlight: PSU Insurer Granted Extension on Minimum Public Holding Compliance!

LIC Shares Spotlight: PSU Insurer Granted Extension on Minimum Public Holding Compliance!

Fri, Dec 22, 2023

Big relief to LIC from the government - Relaxation in minimum shareholding rule, how much benefit to LIC shareholders? How will be the future growth of LIC? Know complete details from Varun Dubey...

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Q3FY17: Dr Reddy's Laboratories' net profit down 19% at Rs 470 crore

Q3FY17: Dr Reddy's Laboratories' net profit down 19% at Rs 470 crore

Sat, Feb 04, 2017

GV Prasad, Co-chairman of Dr Reddy's Laboratories said, "Our performance in Q3 has delivered a modest sequential revenue growth of 3% over the previous quarter. Our EBITDA has improved significantly from the last quarter to Rs 8.8 billion, on the back of enhanced emphasis on operational efficiencies and controlling of SG&A cost across all our business."

Market add smart gains for second week, up 358 points

Market add smart gains for second week, up 358 points

Sat, Feb 04, 2017

Clear-cut market-friendly budget proposals charmed the investors sentiment leading the key indices to leap four month highs, focus on fiscal discipline, tax balm for investors including clarity on FPI taxation, massive capital infusion for Public sector banks, Infrastructure, agriculture sector resonated the stock momentum.

Oriental Bank of Commerce's net loss narrowed to Rs 130 crore in Q3

Oriental Bank of Commerce's net loss narrowed to Rs 130 crore in Q3

Sat, Feb 04, 2017

Oriental Bank of Commerce reported net loss of Rs 130.01 crore in its third quarter ended December 31, 2016, which has narrowed compared to net loss of Rs 424.69 crore in the similar period of the previous year.

Divi's Laboratories report 9% rise in net profit in Q3

Divi's Laboratories report 9% rise in net profit in Q3

Sat, Feb 04, 2017

Updating on US-FDA inspection, Divi's Lab said, "It has filed its comprehensive response to the observations of the FDA regulator within the stipulated time. Now it awaits for review from the US pharma regulator.

Sensex, Nifty at three-months high; stocks that gained after Budget 2017

Sensex, Nifty at three-months high; stocks that gained after Budget 2017

Wed, Feb 01, 2017

Sensex closed at 28,141.64, surging over 485 points or 1.76% and that of Nifty 50 ended at 8,716.40 above 155 points or 1.81%. Four sectors namely auto, bankex, metal and Fast moving consumer goods (FMCG) were the top winner on BSE after Budget.

Banking stocks happy with recapitalisation of Rs 10,000 crore in Budget 2017

Banking stocks happy with recapitalisation of Rs 10,000 crore in Budget 2017

Wed, Feb 01, 2017

In line with the Indradhanush roadmap, the cabinet has decided to provide Rs 10,000 crore for recapitalisation of banks. Additional allocations will be made if needed further.

Eicher Motors Q3 may shine once again on back of robust Royal Enfield sales

Eicher Motors Q3 may shine once again on back of robust Royal Enfield sales

Wed, Feb 01, 2017

Analysts at Kotak Insititutional Equities said, "Eicher Motors are likely to report strong earnings growth while most other auto companies will likely struggle in this quarter post demonetisation."

Tech Mahindra's Q3 net profit up 14%

Tech Mahindra's Q3 net profit up 14%

Mon, Jan 30, 2017

Vineet Nayyar, Vice Chairman of Tech Mahindra said, “The strong deal wins and business momentum during the quarter reaffirm that we are on the right track to capitalize on the opportunities from the global digital transformation and see measurable benefits from that."

HDFC's Q3 net profit rises by 12%, at Rs 1701 crore

HDFC's Q3 net profit rises by 12%, at Rs 1701 crore

Mon, Jan 30, 2017

Housing Development Finance Corp (HDFC) surpassed analyst estimates by reporting 12% year-on-year rise in net profit in its third quarter ended December 31, 2016.

Can Tech Mahindra overcome its Q2 decline this Q3?

Can Tech Mahindra overcome its Q2 decline this Q3?

Mon, Jan 30, 2017

Analysts at Kotak Institutional Equities said, “We expect cross currency (c/c) revenue growth of 3.8% and cross currency headwind of 120 basis points. Acquisitions (Target Group) will contribute incremental $6 million for the quarter; organic revenue growth stands at 3.2% in c/c.”

Results in-line, CLSA says on L&T Q3; shares gain

Results in-line, CLSA says on L&T Q3; shares gain

Mon, Jan 30, 2017

A CLSA report stated that L&T's profit after tax (PAT) was in-line but was much better in quality. "Also, the company's margin was so good that even after provisions of Rs 370 crore it delivered PAT growth of 39% YoY. Inflow (-8%) and execution (+1.4%) were disappointing," CLSA said.

Sensex climbs 174 points; best weekly gain since May

Sensex climbs 174 points; best weekly gain since May

Fri, Jan 27, 2017

Financial stocks led by ICICI Bank, SBI, Axis Bank and HDFC Bank hogged the limelight on the back of better-than-expected earnings by most so far, which rose by up to 4.74%, lifting the BSE bank index by 1.50%.

Demonetisation bites: Oberoi Realty's Q3 net profit declines 60%

Demonetisation bites: Oberoi Realty's Q3 net profit declines 60%

Fri, Jan 27, 2017

Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, "While initially demonetisation did its short-term consequences, we are confident that the sales volume will be more than restored in coming quarters of 2017."

ITC Q3 today: Demonetisation, cigarette sales key triggers

ITC Q3 today: Demonetisation, cigarette sales key triggers

Fri, Jan 27, 2017

Analysts added, "We model 5% yoy volume decline in cigarettes and 1% yoy growth in FMCG business; among other businesses, we model -15%, 5% and -7% growth in hotels, agri-business and paper boards respectively."

BSE exchange sees strong demand for $182 million IPO

BSE exchange sees strong demand for $182 million IPO

Wed, Jan 25, 2017

"Financial markets are overall under-penetrated in India. As the working-age population increases, retail investor participation is expected to go up, and this can be a driver for the exchanges," said Rahul Joshi, an analyst for Dion Global Solutions. "It will be a great story going ahead."

Indian Bank's Q3 net profit up 671%; shares gain

Indian Bank's Q3 net profit up 671%; shares gain

Wed, Jan 25, 2017

The bank reported net profit of Rs 373.47 crore, registering growth of 670.51% compared to Rs 48.47 crore in the corresponding period of the previous year.

HDFC Bank shares gain ahead of Q3; what to expect

HDFC Bank shares gain ahead of Q3; what to expect

Tue, Jan 24, 2017

Kotak also feels RBI's asset quality review to offset the impact of stressed assets and enable most banks to see higher growth in net profits compared to pre-provisioning profits.

Asian Paints Q3 net profit rises 1.3%

Asian Paints Q3 net profit rises 1.3%

Mon, Jan 23, 2017

K.B.S Anand, Managing Director & CEO of Asian Paints said, "The decorative business segment in India registered low single-digit growth in the quarter with demand impacted to a certain extent on the back of demonetisation. Automotive coatings JV (PPG-AP) witnessed good demand conditions in the Auto OEM segment and the industrial coatings JV (AP-PPG) business saw good growth in Industrial liquid paints and powder coating segments."

Government to divest 10% stake in MOIL via offer for sale on January 24

Government to divest 10% stake in MOIL via offer for sale on January 24

Mon, Jan 23, 2017

A PTI report said that government will divest 10% stake in MOIL through offer for sale (OFS) at a floor price of Rs 365 a piece on Tuesday January 24, 2017.

Suzlon wins 50.40 MW order; shares climb 2%

Suzlon wins 50.40 MW order; shares climb 2%

Mon, Jan 23, 2017

J.P. Chalasani, Group CEO, Suzlon Group said, “We are pleased to partner this leading power utility yet again in meeting their commitments of providing sustainable and affordable energy."

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