On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth
According to NITI Aayog, India's UAV market is expected to expand to $50 billion over the next 15 years as drones are projected to substitute 80 per cent of operations carried out by manned aircraft
Key indices the S&P BSE Sensex crashed over 1,200 points in two days to hit Thursday's low of 60,049 levels, whereas the Nifty50 tumbled over 300 points to hit day's low of 17,892 levels
The Nifty fell 189 points to end the session at 18,043 a decline of 1.04 per cent
While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per cent
Post listing, the stock moved higher to Rs 110, 17 per cent higher over its issue price of Rs 94 per share on the NSE
In the past three months, the stock rallied 75 per cent, as against 8 per cent rise in the S&P BSE Sensex
The change in stance comes after almost a year of cautionary view. The Nifty Metal index advanced over 2 per cent while shares of Tata Steel surged nearly 6 per cent
Market experts said that though Indian markets outperformed peers the gains were not significant for retail investors who mostly dabble in cash trading
Investors are relieved about the returns this year, which happened despite record FPI outflows and are slightly circumspect about the next year considering the headwinds
Shares of electronics manufacturing services company Elin Electronics made a muted market debut on Friday and ended nearly 8 per cent lower against the issue price of Rs 247. The stock made its debut at Rs 243, a decline of 1.61 per cent against the issue price on the BSE. During the day, it fell 8.66 per cent to Rs 225.60. Shares of the company ended at Rs 227.80, lower by 7.77 per cent. At the NSE, the share of the company made its debut at Rs 244, lower by 1.21 per cent. It ended with a decline of 7.18 per cent at Rs 229.25. The company commanded a market valuation of Rs 1,131.24 crore on the BSE. In traded volume terms, 6.75 lakh shares of the company were traded at the BSE and over 80.19 lakh shares on the NSE during the day. The Initial Public Offer (IPO) of Elin Electronics was subscribed 3 times last week. The IPO had a fresh issue of up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore, aggregating up to Rs 475 crore. The price range for the offer was Rs 234-2
CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.
CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.
ASSL has completed 3.8 million sf of projects, while 14.9 million sf projects are under construction and around 6.6 million sf projects are under pipeline
At 11:47 AM; Ponni Sugars (Erode) traded 7.5 per cent higher at Rs 462.65, as against 0.45 per cent decline in the S&P BSE Sensex
So far in calendar year (CY22), frontline indices Nifty50 and the S&P BSE Sensex have climbed around 4 per cent each, as against 10-20 per cent fall in most of the global indices
CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each
At 11:35 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2 per cent, as against 0.06 per cent decline in the Nifty50
CLOSING BELL: The BSE Metal index surged over 4.5 per cent amid reports of China further relaxing its zero Covid policy.
In the past two weeks, it has rallied 26 per cent in an otherwise volatile market. In comparison, the S&P BSE Sensex was down 3 per cent, during the same period