Coffee Day Enterprises stock up 10%, Net profit at Rs 18.8 cr and revenue from operation at Rs 183.49 cr: Q3 FY22 Results

Coffee Day Enterprises stock up 10%, Net profit at Rs 18.8 cr and revenue from operation at Rs 183.49 cr: Q3 FY22 Results

Today, the share price of Coffee Day Enterprises, the company that runs the famous coffee chain Cafe Coffee Day (CCD), got locked in a 10% upper circuit. The company announced its Q3 FY22 (Quarter 3 Financial Year 22) Results yesterday. Which was taken positively by the market and the investors. Coffee Day recorded a consolidated … Read more

Cipla promoters sell 2.5% stake, promoter group now holds 34.23% stake: Cipla stock down 3.5%

Cipla promoters sell 2.5% stake, promoter group now holds 34.23% stake: Cipla stock down 3.5%

Today the share price of India’s leading pharma company Cipla Limited fell almost 3.5%. Cipla promoters Yusuf Hamied and Mustafa Hamied sold their 2.5% stake through a block deal. Cipla told the exchanges that the promoters of the company, which is still in its eighties, are selling their stake due to personal and philanthropy reasons. … Read more

Power Grid declared interim dividend of Rs 5.5 per share

Power Grid declared interim dividend of Rs 5.5 per share

Power Grid Corporation of India Limited announced an interim dividend in the meeting held on 9 February 2022, according to which the company will pay a dividend of Rs 5.5 per share to its shareholders. Its ex-dividend date is 16 February. Shareholders held on or before February 15 will be eligible for the dividend. The … Read more

PB Fintech stock down 8%, Founders to sell 2.4% stake in a block deal worth $140 million

PB Fintech stock down 8%, Founders to sell 2.4% stake in a block deal worth $140 million

Today the stock price of Policybazaar and Paisabazaar’s parent company PB Fintech Limited was trading down more than 8%. Yashish Dahiya and Alok Bansal, co-founders of PB Fintech will sell a 2.4% stake in the company, in which Mr. Dahiya will sell 70 lakh shares and Alok Bansal will sell 38.9 lakh shares, worth $130-$140 … Read more

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

The share price of Maharashtra-based real estate company DB Realty hit 5% upper circuit. February 9 2022 DB Realty informed the stock exchanges that they will issue 50 million convertible warrants to non-promoter investors. These warrants will be issued to investors like Rakesh Jhunjhunwala’s own firm RARE Enterprises, Aditya Chandak, KIFS Dealers, Rekha Jhunjhunwala and … Read more

IRCTC declared interim dividend of Rs 2 per share

IRCTC declared interim dividend of Rs 2 per share

Recently IRCTC (Indian Railway Catering and Tourism Corporation) company has announced an interim dividend. IRCTC, the company that enjoys monopoly status in ticketing and catering in Indian railways. IRCTC has announced an interim dividend of Rs 2 per share, whose dividend yield is up to 0.12%. And its payment date has been set for 18 … Read more

IOC dividend: Indian Oil Corporation Limited declared dividend of Rs 4

IOC dividend: Indian Oil Corporation Limited declared dividend of Rs 4

Recently IOC (Indian Oil Corporation Limited) company has announced a dividend. The most critical metric to find out about any company divided is the dividend yield. Calculate Dividend yield: Dividend per share by its current market price. This is a better metric to know how much dividend the company is paying. IOC dividend Indian Oil … Read more

Bharat Petroleum Corporation Limited declared dividend of Rs 5 | BPCL dividend

BPCL dividend

Recently BPCL (Bharat Petroleum Corporation Limited) company has announced a dividend and their ex-dividend date is approaching. Ex-divided is the date before which if you buy shares of the company, then you will be eligible for a dividend of that company. BPCL dividend Bharat Petroleum Corporation Limited: This is a PSU company involved in the … Read more

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Today both Sensex and Nifty were almost 2% down because according to the recently released data, 4.67 lakh new jobs were added in the month of January in the US which is more than the market expectation. Apart from this rising inflation and crude oil prices are also going concerns. Recently crude oil prices had … Read more

Zuckerberg’s net worth drops to $85 billion after Meta stock crash

Zuckerberg's net worth drops to $85 billion after Meta stock crash: Facebook

Yesterday the stock price of Meta Platforms Inc (Facebook) fell by more than 25%. This record one-day drop resulted in a $200 billion market value drop for Meta, the highest single-day market value wipeout in US market history. Meta’s founder and CEO Mark Zuckerberg own a 12.8% stake in the company and after yesterday’s market … Read more

Godrej Properties Shares fall 10%, board to acquire 10% stake in DB Realty for Rs 400 cr

Godrej Properties Shares fall 10%

The share price of Mumbai-based real estate company Godrej Properties was down 10% today in the early trade after the stock made a slight recovery and the company’s stock was trading down 6.5% till the market closing. Godrej Properties’ pre-sales declined by 7% on a year-on-year basis and by 39% on a quarter-on-quarter basis in … Read more

ITC declared interim dividend of Rs 5.25, Q3 results Net profit rises 14.8% to Rs 4,118.80 cr

ITC declared interim dividend of Rs 5.25, Q3 results Net profit rises 14.8% to Rs 4,118.80 cr

FMCG Major ITC declared its Financial Year 22 Quarter 3 Result yesterday. The company’s consolidated profit after tax increased by 14.81% to Rs 4118.80 crore on a year-on-year basis. Consolidated revenue also grew by 30% on a year-on-year basis. The revenue of the segment of the company was recorded at Rs.6959 crores in this quarter, … Read more

Budget 2022: 30% tax on digital currency, RBI to launch Digital Rupee based on blockchain technology

Budget 2022: 30% tax on digital currency

Finance Minister Nirmala Sitharaman announced Budget 2022, one of the biggest announcements of this budget is the introduction of the Digital Rupee. The Finance Minister has said that this year CBDC (Central Bank Digital Currency) will be introduced which will be managed by RBI and RBI will use Blockchain technology for this. Along with this, … Read more

Telecom stocks rise: 5G in 2022 and BharatNet broadband to be ready by 2025 says Nirmala Sitharaman | Budget 2022

5G in 2022 and BharatNet broadband to be ready by 2025 says Nirmala Sitharaman

Telecom stocks rise: In Budget 2022, Finance Minister Nirmala Sitharaman has said that 5G spectrum auctions will be conducted in 2022 and commercial 5G services can start by 2023. The Finance Minister has also said that to promote rural high-speed internet, new contracts will be awarded for the creation of rural optical fiber network under … Read more

Budget 2022 | Drone services to be promoted through startups, 68% of Defense Capex allocated to domestic

Budget 2022: Drone services to be promoted through startups

Finance Minister Nirmala Sitharaman announced the Budget 2022, the two biggest announcements made so far are the allocation of the Drone Shakti scheme and Defense Capex. Under the Drone Shakti scheme, the government will focus on enabling drones as a service and startups will also be encouraged to use Drone Shakti. After this announcement, there … Read more

EV Stocks rise: Battery swapping policy, interoperability standard to be formulated for e-vehicles

EV Stocks: Electric Car Charging Station

In budget 2022, the Finance Minister said for electric vehicles that special zones for electronic vehicles will be made in the new urban planning for public transport. Due to difficulties in the expansion of the EV charging station network, the government of India will now formulate a formal policy for battery swapping which will lead … Read more