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Home textiles major Welspun India expects revenue to cross the Rs 15,000 crore mark by FY26, growing around 60 per cent in the next three years, according to a regulatory filing.The firm, which also operates in segments such as flooring solutions, advanced textiles, retail, hospitality, and wellness is looking at “multiple drivers for growth” in […]

Hot Stocks | NLC India, GMM Pfaudler, MAS Financial can fetch double-digit returns in short term. Here’s…  Moneycontrol Source link

Capital-intensive, cyclical and value stocks have outperformed since FY21, according to a report by ICICI Securities. Driving the relative outperformance of these stocks in the BSE 200 universe were factors like high capital intensity, high financial leverage and low return on equity. Stocks with either of these three factors have seen a reversal of fortunes […]

With a market valuation of ₹87,686.43 Cr, Hindustan Aeronautics (HAL) is a Navratna CPSE company that works in the industrial sector. A comprehensive range of goods, including aeroplanes, helicopters, aero engines, avionics, accessories, and aerospace structures, are designed, developed, and manufactured by the company. ICICI Securities, a brokerage, forecasts a 14% rise in the stock’s […]

With a market valuation of ₹240.83 Cr, Indian Infotech Software Ltd. is a small-cap company that operates in the financial services industry. Indian Infotech & Software Ltd. is an NBFC that has been authorised by the Reserve Bank of India. The company announced a rights issuance for up to Rs. 48,26 crore. The company has […]

Indian stock markets are likely to remain volatile in the near term with hopes of a slower pace in interest rate hikes fading, and investors may track global cues as the September earnings season nears close, experts said. Volatility in markets continued over the past week with indices closing marginally lower. The benchmark BSE Sensex […]

Private equity player TPG Growth on Friday sold shares of e-commerce beauty company Nykaa for more than Rs 1,000 crore through open market transaction. As many as 5.42 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were offloaded at a price of Rs 184.55 apiece through a block deal, as per data from the […]

Market LIVE Updates: Indices near day’s low with Nifty around 18,250; M&M, Coal India top lowers  Moneycontrol Source link

Today’s Latest Business News at 5:30 pm on 17th November 2022 “You are listening to the Expresso Business Update. Here is the latest news from the world of Indian and International business brought to you by The Indian Express and The Financial Express.“The government on Wednesday increased windfall tax on domestically produced crude oil, while […]

Kaynes Technology will announce its share allotment status tomorrow on November 17. The IPO received strong demand from investors as it was subscribed 34.16 times. The qualified institutional investors portion of the IPO was subscribed 98.47 times. The retail portion however was subscribed by four times over. The IPO will be listed on November 22 […]