RS 6 PER SHARE
SAIL to invest Rs 6,500 Cr towards capex in FY25: CMD Amarendu Prakash
Steel Authority of India Ltd (SAIL) plans to invest ₹6,500 crore this fiscal year as part of its ₹1 lakh crore capex over the next few years, said CMD Amarendu Prakash. Speaking at an Indian Steel Association event, Prakash addressed concerns over Chinese steel dumping and urged government action to mitigate this issue.
Tube Investments share price down 1.87 per cent
A total of 5,600 shares changed hands on the counter till 02:09PM (IST).
Jubilant Food share price up 0.51 per cent
A total of 74,055 shares changed hands on the counter till 01:54PM (IST).
SBI Card share price up 0.51 per cent
A total of 39,849 shares changed hands on the counter till 01:03PM (IST).
Tariff hikes, 5G monetisation moves hint Jio’s headed for IPO
Reliance Jio Infocomm is raising tariffs and monetising its 5G business, potentially leading to an IPO next year, with clarity expected at Reliance Industries' AGM. Valued at $133 billion, it could be India's largest IPO. Improved ARPU aims to attract investors. RIL, Meta, and Google are significant stakeholders. Financial improvements expected FY24-27. Bharti Airtel and BSE mentioned.
Lupin shares jump 6% after Kotak Equities’ double upgrade, target price at Rs 1,805
Kotak Equities highlights that Lupin has a bunch of products lined up, which will ensure a limited earnings dip in FY2027E after a strong FY2026E, however, they remain cognizant of not ascribing a high multiple to one-off earnings.
Vedanta share price up 0.24 per cent
A total of 273,138 shares changed hands on the counter till 11:42AM (IST).
Gold Price Today: Yellow metal remains flat this week, silver up by Rs 750
Gold and silver prices at MCX fluctuate amidst stable DXY, U.S. job openings surge, and European CPI decrease, impacting trading decisions.
SRF share price down 2.49 per cent
A total of 4,962 shares changed hands on the counter till 12:23PM (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.
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.
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.
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.
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.
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