Market extends profit booking for second week even as these nine smallcap stocks gain up to 58%
Among broader indices, BSE Smallcap index fell 3.4 percent and Midcap indices shed 3 percent.29-01-2022
29-01-2022
39 to 2620: BSE multibagger stock turns 1 lakh to 67 lakh in 7 years
Multibagger stock: If an investor had invested 1 lakh in this BSE-listed share 5 years ago, its 1 lakh would have turned to 10 lakh today29-01-2022
These small-cap firms posted 100% growth in net profit, revenue in Dec quarter
At least 23 small-cap companies on the BSE have managed to report over a 100 per cent growth in net profit and gross sales in the December quarter.28-01-2022
GE T&D India to sell global engineering biz to GEIIPL for Rs 140 crore
GE T&D India Ltd board has approved a proposal to sell its Global Engineering Operations Division (GEOD Business) to GE India Industrial Private Ltd (GEIIPL) via a slump sale for a cash consideration of Rs 140.6 crore. "The company has, in the meeting of its board of directors that was held on January 24, 2022, agreed to sell its Global Engineering Operations Division (India for Global) (GEOD Business) to GE India Industrial Private Ltd (GEIIPL) (a related party) together with the assets and manpower comprised therein along with its corresponding liabilities by way of a slump sale on an "as is where is" basis," a BSE filing said. The GEIIPL (the buyer) is a company incorporated under the Companies Act, 1956, and it is a part of the General Electric Group. As per the filing, the lump sum consideration for sale is Rs 140.6 crore and the Business Transfer Agreement is expected to be executed by January 31, 2022. The expected date of completion of sale is March 31, 2022, subject to .25-01-2022
875 stocks freeze at lower circuit on the BSE
A sharp sell-off in small-sized companies witnessed one out of every five traded stocks locked at the lower circuit on the BSE.24-01-2022
Market snaps four-week winning streak on weak cues; rupee slips
During the week, BSE Information Technology index lost 6.5 percent, BSE Telecom index fell 5.8 percent and Nifty Pharma index shed 5.2 percent. However, BSE Power index added 2.6 percent.22-01-2022
Stock market today: Textile stock gives 190% return in 14 sessions. Do you own?
Stock market today: Multibagger textile company company has replied to the BSE that sharp upside in the counter is completely market driven'20-01-2022
Just Dial shares tumbles over 3% post Q3 earnings announcement
Shares of Just Dial on Wednesday dipped over 3 per cent after the company's consolidated net profit declined by 61.2 per cent for December 2021 quarter. The stock declined 5.78 per cent to Rs 791 during the day on the BSE. It settled at Rs 812.90, lower by 3.17 per cent. At the NSE, it closed at Rs 813, a decline of 3.16 per cent after tumbling 5.90 per cent during the session to Rs 790. Just Dial on Tuesday said its consolidated net profit declined by 61.2 per cent to Rs 19.4 crore for the quarter ended December 2021. The company's net profit stood at Rs 49.9 crore in the year-ago period. Its net revenue from operations dipped 6.2 per cent to Rs 158.89 crore in the October-December 2021 quarter from Rs 169.54 crore a year ago. The company said it has ramped up hiring across critical functions, such as technology, content, sales and marketing teams, which has resulted in higher employee expenses. In the sales department, headcount was up 18.3 per cent sequentially. "These investm19-01-2022
Tatva Chinta Pharma falls over 9% at open on decline in margins
The stock hit a low of Rs 2597.05 intraday. At 9.20 am, the scrip was trading at Rs 2655 on BSE down 7.4% from its previous close.18-01-2022
Mcap of BSE-listed companies jumps to all-time high of over Rs 280 trn
Market capitalisation of BSE-listed companies jumped to an all-time high of over Rs 280 lakh crore on Monday as benchmark indices bounced back after taking a breather in the previous trade. The 30-share BSE benchmark gained 85.88 points or 0.14 per cent to settle at 61,308.91. During the day, it jumped 162.45 points to 61,385.48. The market capitalisation of BSE-listed firms reached a lifetime high of Rs 2,80,02,437.71 crore on Monday. Sensex and Nifty broke their five-day rising streak to close with slim losses on Friday. "Markets started the week on a flat note amid mixed global cues. As the day progressed, high volatility was witnessed but the benchmark traded in a positive range for most of the session," said Ajit Mishra, VP - Research, Religare Broking Ltd. Ultratech Cement was the biggest gainer among the Sensex shares, with a gain of 2.78 per cent, followed by Maruti Suzuki, Mahindra & Mahindra, Tata Steel, TCS, L&T and SBI. In the broader market, BSE midcap index rose .17-01-2022