RS 6 PER SHARE

SRF share price down 2.49 per cent

A total of 4,962 shares changed hands on the counter till 12:23PM (IST).

Havells India share price up 0.06 per cent

A total of 9,886 shares changed hands on the counter till 11:37AM (IST).

Zee Ent. share price up 1.69 per cent

A total of 318,932 shares changed hands on the counter till 11:01AM (IST).

InterGlobe share price up 1.15 per cent

A total of 8,955 shares changed hands on the counter till 10:25AM (IST).

Mphasis share price up 1.95 per cent

A total of 8,014 shares changed hands on the counter till 10:00AM (IST).

Windfall tax on petroleum crude hiked to Rs 6,000 per tonne

India's progressive tax reforms in the energy sector aim to hold energy companies accountable for extraordinary profits, fostering a more equitable financial landscape. The government's strategic measures, including windfall profit taxes and regulatory adjustments, demonstrate a commitment to transparency and fairness in the industry, setting a precedent for responsible economic practices.

Mphasis share price up 1.2 per cent

A total of 5,114 shares changed hands on the counter till 10:15AM (IST).

RBI imposes Rs 29.6 lakh penalty on HSBC

The Reserve Bank of India (RBI) has imposed a Rs 29.6 lakh penalty on The Hongkong and Shanghai Banking Corporation Limited (HSBC) for non-compliance with certain directions related to cards. The bank failed to ensure no negative amortisation while computing Minimum Payment Due in certain credit card accounts. The RBI found that the charge against the bank was sustained, warranting the imposition of monetary penalty.

Kotak Institutional Equities initiates coverage on Coforge, sets Rs 6,000 as target price

Kotak analysts anticipate a robust 20.2% CAGR in earnings per share for FY2024-27E. This growth is driven by a 12.3% organic revenue CAGR and a 150-basis point expansion in EBIT margins.

Gold Price Today: Yellow metal opens at Rs 70,977/10 grams, silver at Rs 88,743/kg

Gold futures show signs of weakness with a Bearish Engulfing pattern, signaling a possible downturn. The Relative Strength Index (RSI) points to negative divergence, reinforcing a potential decline.

GAIL share price up 0.46 per cent

A total of 396,883 shares changed hands on the counter till 11:16AM (IST).

Vedanta to raise Rs 1,000 crore via debt issue; stock spikes 6%

The billionaire Anil Agarwal-led Vedanta is in the middle of splitting into six different units in a move aimed at shoring up the group's financial performance

Godawari Power & Ispat announces Rs 301 crore buyback, shares surge 6%

Godawari Power & Ispat shares surged 6% on BSE to an all-time high after approving a Rs 301 crore share buyback. Som Distilleries shares dropped 16% due to a Madhya Pradesh plant issue.

Goldman Sachs boosts S&P 500 target on upbeat profit outlook

Goldman Sachs Group Inc. raises S&P 500 year-end target to 5,600, reflecting optimism for earnings growth and the US economy.

Shree Cements shares fall 0.6 per cent in Tuesday's trading session

The Relative Strength Index of the stock stood at 64.96 on Tuesday.

HDFC AMC announces dividend of Rs 70 per share for FY 24

On Friday, during its meeting, the board of directors of HDFC Asset Management Company (HDFC AMC) declared an interim dividend of Rs 70 per share for its eligible shareholders.

Gold Price Today: Gold prices fall Rs 2,700 per 10 gm in last 15 days, silver down Rs 6,800 per kg in one week

Gold and silver prices remain volatile ahead of key events like the U.S. job data and ECB policy meetings. Prices are influenced by factors like central bank demand, profit-taking and industrial metal pressures. Traders are cautious amid uncertainty in the market.

LIC Q4 Results: Cons PAT jumps 4.5% YoY to Rs 13,782 cr; dividend declared at Rs 6 per share

LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore for the year ended March 31 2023. The Total Individual Business Premium for the financial year increased to Rs 3,03,768 crore from Rs 2,92,763 crore reported for the comparable period of the previous year.

LIC Q4 Results: Cons PAT jumps 4.5% YoY to Rs 13,782 cr

Divi's Laboratories Q4 Results: Cons PAT soars 68% YoY to Rs 538 crore; dividend declared at Rs 30 per share

Divi's Laboratories Q4 Results: Net profit stood at Rs 321 crore in the corresponding quarter of the last financial year. The consolidated revenue in Q4 FY24 jumped 18% YoY to Rs 2,303 crore from Rs 1,951 crore reported in Q4 FY23. For the full financial year FY24, the consolidated profit after tax was reported at Rs 1,600 crore, a considerable drop from Rs 1,824 crore reported in FY23.

Multibagger tracker: 7 low-priced stocks double money in 6 months as FIIs raise stake

Low-priced stocks attract institutional interest, yielding multibagger returns within six months. Nitco leads with a 179% surge, followed by IFCI, Newtime Infrastructure, Unitech, Hindustan Motors, Cupid, and PVP Ventures.

Bharti Airtel announces final dividend of Rs 8 per share

The telecom major's Q4 net profit of Rs 2,072 crore missed the Street estimates by a wide margin, which saw the figure around Rs 3,274 crore. Revenue from operations in the January-March 2024 period increased 4% to Rs 37,599 crore against Rs 36,009 crore in the corresponding period of last year.

Tata Motors declares dividend of Rs 6 per share

Tata Motors on Friday announced a dividend of Rs 6 per share while announcing its Q4 results, which would be paid to the eligible shareholders on or before June 28.