Shares of Ujjivan Small Finance Bank Ltd. saw a sharp recovery from the lows of the day on Thursday, July 23, in response to the management raising its full year forecast for its Return on Assets (RoA). The small finance bank now expects its financial year 2027 RoA to be between 1.8% to 2%, compared…
Shares of CIE Automotive India fell more than 12% on Thursday, July 23, despite the auto components maker reporting double-digit growth in revenue, profit and operating earnings for the quarter ended June. This is the stock’s biggest single-day fall since March 2020. The stock was among the top losers on the NSE 500 after the…
Shares of Vishal Mega Mart Ltd. fell as much as 4% on Thursday, July 23, after the company reported its June quarter results, which were mostly higher when compared to the same quarter last year. Revenue for the quarter stood at ₹3,727 crore compared to ₹3,140 crore it reported during the same quarter last year….
IPO subscription day 1: Xtranet Technologies, Indo-MIM and Lohia Corp IPOs opened for subscription today. (Image: ET Now) IPO Subscription Day 1: The initial public offerings (IPOs) of Xtranet Technologies, Indo-MIM, and Lohia Corp opened for subscription today. Overall, the three issues have received a decent response from investors. In terms of subscription, Xtranet Technologies…
Shares of Gandhar Oil Refinery (India) hit the 20% upper circuit on Thursday, July 23, after the company reported a sharp sequential improvement in earnings for the June quarter. The rally marked the stock’s biggest single-day gain since its listing in 2023. On Wednesday, the company reported a standalone net profit of ₹179 crore for…
Intellect Design Arena Ltd has entered into a strategic partnership with a leading Sharjah-based financial institution to modernise the lender’s corporate banking platform, according to an exchange filing on Thursday, July 23. The UAE-based bank will replace its legacy, product-centric systems with a unified, digital-first transaction banking platform aimed at strengthening its corporate banking offerings…
Shares of Cipla Ltd., the Mumbai-based drug manufacturer fell over 2% on Thursday, July 23, in response to its June quarter results, which missed analyst expectations. The company’s net profit for the quarter declined by 39% on a year-on-year basis to ₹789 crore, lower than the CNBC-TV18 poll of ₹923 crore. Profitability was lower despite…
Daksh Grover is a journalist who enjoys exploring the world of business and finance, with a particular focus on markets, commodities, and corporate developments. Over the past few years, Daksh has worked in fast-paced newsroom environments where accuracy and speed go hand-in-hand. Whether it’s breaking updates, market trends, or in-depth analytical pieces, he has gained…
Infosys Q1 Results Live Updates: Bengaluru-based technology services provider Infosys Ltd. will be reporting its June quarter results after market hours on Thursday, July 23. A CNBC-TV18 poll expects its US Dollar revenue to grow by 1.7% on a sequential basis to $5,127 million, while its rupee revenue is likely to grow by 4.4% from…
Suzlon Energy Limited, India’s leading wind energy solutions provider, has announced a major new order on Thursday, July 23. The company will execute a 201.6 MW wind power project for Waaree Forever Energies Private Limited (WFEPL), the Independent Power Producer (IPP) arm of Waaree Group, it said in an exchange filing. This order marks Waaree’s…
