Sunny Leone's cosmetics brand Starstruck has achieved an annual revenue exceeding Rs 10 crore, the actor and model has stated. Karenjit Kaur Vohra, also known as Sunny Leone, originally from Canada, launched her cosmetics brand Starstruck in 2018 with an initial investment of Rs 10 lakh. In 2019, she expanded her business into innerwear in collaboration with her husband, Daniel Webber.

📌Elecon Engineering decisively surpassed its previous swing high of Jan 30 and hit a new high on April 19. 📌Godawari Power also hit a new high and traded above all key moving averages. The stock climbed 3.2% to end at new closing high of Rs 870 📌Just Dial recorded healthy rally with robust volume for yet another session rising 5.6% to Rs 1,065.9 and forming strong bullish candlestick pattern

Shares of HDFC AMC fell nearly 2% at open after the fund house announced its fourth-quarter results on April 19. The results were announced after market hours. At 9:20 am, the stock was trading at Rs 3,670. Follow our market blog for live updates In an exchange filing, HDFC Asset Management Company (HDFC AMC) reported a consolidated net profit of Rs 540.84 crore for Q4FY24.

Shares of Voltas Limited jumped 5 percent to Rs 1,365 in early trade on April 22 after UBS upgraded the stock recommendation to 'buy' from 'neutral' on robust growth prospects. The international brokerage more than doubled the price target from Rs 885 to Rs 1,800, indicating a massive upside potential of over 38 percent of Rs 1,300.

IREDA, the nation's largest pure-play green financing NBFC, witnessed an 11.40% surge in its share price during today's early morning trading session, reaching ₹179 apiece. This increase was fueled by investor enthusiasm following the company's impressive financial performance in Q4FY24 and for the full fiscal year of FY24. It has successfully reduced its net NPAs to 0.99% in FY 2023–24.

The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. Huawei, which has been on a trade restriction list since 2019, surprised the industry and the U.S. government when it released a new phone.

The week ahead is expected to be volatile amid the contract expiry; hence, a pragmatic approach with exclusivity in stock selection is advocated. Here are two buy calls for short term: 📌Bayer Cropscience: Buy | LTP: Rs 5,716.9 | Stop-Loss: Rs 5,370 | Target: Rs 6,100-6,200 | Return: 8.5 percent 📌Raymond: Buy | LTP: Rs 2,011.95 | Stop-Loss: Rs 1,890 | Target: Rs 2,170 | Return: 8 percent

On Wall Street in the week ahead, the focus of stock market investors will be on the first quarter (Q1) US GDP data, the Federal Reserve’s preferred inflation gauge – the PCE (personal consumption expenditures) index, and quarterly financial results from Microsoft, Alphabet, Meta Platforms and Tesla. Market participants will also keep an eye on the Middle East conflict and crude oil prices.

Shares of Greenhitech Ventures made a bumper market debut on April 22, listing at Rs 95 on the BSE SME platform, a premium of 90 percent over the issue price of Rs 50. The listing gains top the grey market estimates where shares were trading at a premium of 84 percent. The Rs 6.3-crore public offer was a fresh issue of 12.6 lakh shares.

Mid-tier IT services firm Persistent Systems reported an 25.36 percent rise in net profit to Rs 315.3 crore year-on-year for the fourth quarter ended March 31. Consolidated revenue for the fourth quarter stood at Rs 2,590 crore, a rise of 14.9 percent year-on-year. The company reported total contract value (TCV) of $447.7 million in Q4, a decrease from $475 million in the previous quarter.

Weeks before Zomato is expected to announce its March quarter financial results, the company increased its platform fee by 25 percent to Rs 5 per order as well as suspended its inter-city food delivery service called Intercity Legends. In August 2023, Zomato introduced a Rs 2 platform fee back when it looked to boost its margins and become profitable.

Reported Standalone quarterly numbers for Elecon Engineering Company are: Net Sales at Rs 485.33 crore in March 2024 up 46.83% from Rs. 330.54 crore in March 2023. Quarterly Net Profit at Rs. 86.95 crore in March 2024 up 46.41% from Rs. 59.39 crore in March 2023. EBITDA stands at Rs. 127.59 crore in March 2024 up 44.23% from Rs. 88.46 crore in March 2023.

On Saturday, the Multi-Commodity Exchange of India Ltd (MCX) allowed FPIs under the categories of individuals, family offices and corporates into oil and natural gas derivatives, which made up 77% of MCX’s March turnover. The move, which takes immediate effect, comes at a time of increased activity in energy derivatives worldwide.

Delhi-based finance professional Shashank Gupta pays low tax because his salary structure is tax-friendly and he avails of several deductions and exemptions. However, there is scope to bring it down further. TaxSpanner estimates that Gupta can reduce his tax by almost half if his company offers him the NPS benefit and replaces the taxable allowances in the salary with some tax-free emoluments.

Gold is shining bright. Prices of the yellow metal have been soaring since the beginning of March. While many investors are now adding gold to their portfolio, Devina Mehra, chairperson and managing director of First Global is looking to add some silver to her commodity portfolio as she sees relative gold-silver trade as being favourable to silver.