HDFC Bank Reports Strong Earnings, Stock Seen Volatile

Country’s leading Private Bank, HDFC Bank on Saturday reported its Q4FY2019 results with strong numbers. Accordingly, the bank’s profits has surged up by 22.6pc (YoY) to touch Rs.5,885.12-Crore for Q4FY2019, beyond analyst’s estimate of Rs5,805crore. The bank registered a 22.8pc Read more

L&T Stock Rise After Buying Stake In Shipbuilding Unit For Rs32.74-Cr

In a stock exchange filing on Thursday, the Infrastructure major Larsen & Toubro Ltd (L&T) said, that it has purchased Tamil Nadu Industrial Development Corp’s (TIDCO) 3pc stake in L&T Shipbuilding Ltd for Rs32.74-crore.  After the above acquisition, L&T Shipbuilding Read more

Sobha Records Strong Sales, CLSA Sees 26pc Upside.

Real Estate major Sobha Limited announced its Q4 business figure for FY2019, on Monday, reporting 11 percent Year-on-year,  jump in sales volumes in the Q4 FY19. The company recorded a sales volume of 11,29,268 sqft in fourth quarter FY3019 worth Rs920.5crore. Read more

Nifty50 INDEX

HINDPETRO Rises 3pc, After Nifty Index Rejig

Shares Hindustan Petroleum Corporation (HINDPETRO/HPCL) trade significantly higher (up 3%), while Britannia Industries trade marginally higher (up 0.13%) today after the NSE’s index rejig, which was already reported in February 26, come into effect on Friday As per NSE, the Read more

HCL Tech Acquires US-Based Digital Transformation, No Impacts On Stocks

HCL Technologies Limited (HCL), a leading global technology company, on Wednesday announced the acquisition of Strong-Bridge Envision  a US headquartered digital transformation consulting company, in a deal for USD45 million. With this acquisition, the latter will become part of HCL’s Read more