Several Indian state-owned companies, including REC, IIFCL, HUDCO, and SIDBI, are preparing to raise nearly $2 billion through bond sales early next week. This initiative follows the Reserve Bank of India’s recent interest rate cut, the first in nearly five years, aimed at stimulating the economy. Despite the rate reduction, bond yields have risen as ...
Britannia Industries, known for popular biscuits like ‘Jim Jam’ and ‘NutriChoice’, reported a 5% increase in net profit for the quarter ending December 31, 2024, reaching ₹5.82 billion. This growth exceeded analysts’ expectations of ₹5.21 billion. The company’s revenue grew by 8% to ₹45.93 billion, which helped offset higher costs for key ingredients like palm ...
Raymond Ltd. is a major lifestyle company in the Indian textile market. It has a market value of ₹23,051.49 crore, making it a small-cap company. The company has an enterprise value of ₹23,589.33 crore, and the book value per share is ₹690.74. The company’s price-earning ratio (PE) is 14.08. Over the past five years, Raymond’s ...
Craftsman Automation Ltd. (NSE:CRAFTSMAN) saw an impressive trading session today, with its stock price surging by ₹633.05, closing at ₹5463.80. The stock surged by 13.10% today on 25th of June. This price move was supported by spike in trading volume which is 1,803,454 shares. This is an extremely high volume compared to the average volume, ...
Shares of Bombay Burmah Trading Corporation (NSE : BBTC) surpassed 52 week high of ₹1830 and market a new all time high at ₹2020 yesterday (24 july). The stock gained more than 17% in intraday yesterday. The breakout was supported with a volume of above 4.1 Million. BBTC has surged by over 54% in the ...
