Page 7 - News

Max Financial surges 7%, scales record high post strong Q3 results

Max Life Insurance demonstrated a resilient performance amid a challenging macro environment with 21 per cent annual premium equivalent (APE) growth

Special dividend, strong Q3 results drive Polyplex shares 17% higher

The board of directors declared payment of a third interim dividend (special) for the financial year 2020-21 at Rs 100 per share

Affle India surges 21% in 2 days, hits new high post Dec quarter results

The management believes the company is in multi-year technology transformation period of accelerated consumer adoption of mobile and connected devices globally

M&M rallies 10%, nears record high on strong operational performance in Q3

M&M expects the industry to log around 20 per cent YoY volume growth in the tractor segment for FY21E

KNR Constructions soars 17%, hits new high ahead of 1:1 bonus share issue

The stock will turn ex-date for bonus issue on Wednesday, February 3

Bad bank, no Covid cess: Why Sensex zoomed 2,300 pts post Budget proposals

The optimism despite higher borrowing and a wider fiscal deficit, analysts say, was on account of the positive measures to revive the Covid-19 hit economy

IndusInd Bank surges 14% in two days as asset quality improves in Q3

The private lender is looking to grow its loan book by 15-18 per cent YoY for the next two financial years under its fifth planning cycle

Road & highway construction firms rally up to 13% on infra push in Budget

The Finance Minister announced an allocation of Rs 1.18 trillion for the Ministry of Road Transport and Highways

IIFL Finance hits 20% upper circuit post December quarter results

Net interest income of the company grew 57 per cent YoY to Rs 573 crore

United Spirits slips 7% as net sales, profit fall in December quarter

The company said it is not providing quantitative guidance for fiscal 2021 as in the near-term there are still reasons to remain cautious

Rane (Madras) advances 15% on strong December quarter results

In Q3FY21, the company reported a net profit of Rs 5.50 crore against a net loss of Rs 7.2 crore in year-ago quarter

L&T gains 2% post December quarter results; analysts see further upside

During Q3FY21, L&T's standalone adjusted net profit came in at Rs 1,705 crore against Rs 1,261 crore in Q3FY20

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Apollo Hospitals gains 4%, hits new high on successful fund raising via QIP

Apollo Hospitals said it will use the funds raised to acquire a 50 per cent stake in a joint venture, seek inorganic growth opportunities, as well as, look to pare down debt in its balance sheet

Up 160% in 10 months; will Grasim's foray into paint biz mean more upside?

The Indian paint industry is valued at approximately Rs 54,500 crore and is expected to grow to Rs 97,100 crore by 2024, according to the estimates of Indsec Research

UltraTech Cement jumps 5%, hits new high on solid December quarter results

The company's net profit more than doubled to Rs 1,584 crore in the quarter ended December 31, 2020

RIL hits over 2-month high on Sebi nod to Future Group-Reliance Retail deal

Sebi gave a go-ahead to Future Group's scheme of arrangement and sale of assets to Reliance

Gateway Distriparks surges 15% post Q3 results; analysts see more upside

The stock is trading close to its 52-week high level of Rs 138, scaled on January 29, 2020

Alembic Pharma extends decline on mixed December quarter results

Motilal Oswal Securities said Alembic Pharma missed Q3FY21 earnings estimate, weighed by lower-than-expected sales in the US

Siemens trades near record high on strong outlook; surges 25% in two months

The management has indicated that the automotive segment continues to face headwinds especially in passenger vehicles and commercial vehicle segment and going ahead sees recovery to be very gradual