Multibagger stock: Waaree Renewable Technologies soars 5% on  ₹990 crore.
Tue, Feb 20, 2024 3:18 PM

Multibagger stock: Waaree Renewable Technologies soars 5% on ₹990 crore.

Waaree Renewable Technologies, the Waaree Group's solar EPC arm, recorded a 5% surge in its shares as it secured a contract worth ₹990.60 crore from a leading renewable energy firm. With this new order, the company saw its unexecuted order book rise to 2.141 GW, leading to a remarkable growth of 626% in its share price over the past year. The company also reported a solid financial performance.

Open Flip
UPI payment: How NRIs would benefit from global expansion
Tue, Feb 20, 2024 3:12 PM

UPI payment: How NRIs would benefit from global expansion

The UPI has revolutionized the way NRIs send money to India. It simplifies the process, reduces costs, and provides enhanced security measures. To use UPI, NRIs need an NRO or NRE account, their foreign mobile number linked to the account, and a UPI-enabled app. They can then start transacting with ease, keeping in mind any transaction limits and regulatory requirements.

Open Flip
Govt seeks nuclear power investment worth $26 billion
Tue, Feb 20, 2024 3:11 PM

Govt seeks nuclear power investment worth $26 billion

The Indian government plans to invite private firms, such as Reliance Industries and Tata Power, to invest $26 billion in the nuclear energy sector. This is a first for New Delhi and aims to increase non-carbon-emitting electricity generation capacity to 50% by 2030. The companies will make investments in new plants and earn revenue from electricity sales, while NPCIL will operate the projects.

Open Flip
GNA Axles Consolidated December 2023 Net Sales at Rs 357.00 crore
Tue, Feb 20, 2024 3:07 PM

GNA Axles Consolidated December 2023 Net Sales at Rs 357.00 crore

GNA Axles reported a decrease in net sales by 11.69% and net profit by 37.21% in December 2023 compared to December 2022. The EBITDA also decreased by 25.05% and EPS declined to Rs. 5.23 from Rs. 16.67 over the same period. The company's shares have given negative returns of -57.30% in the last 6 months and -53.43% in the last 12 months.

Open Flip
Softbank’s great semiconductor hope Arm isn’t the AI play you think it is
Tue, Feb 20, 2024 3:04 PM

Softbank’s great semiconductor hope Arm isn’t the AI play you think it is

Arm Holdings, a British semiconductor designer, saw its shares double from February 5th to 12th due to speculation about its involvement in the AI boom. However, Arm does not directly produce the highly sought-after AI chips like Nvidia does. Its designs are primarily used in more general-purpose CPUs, so its success in the AI market may take time to materialize.

Open Flip
Onion export ban to continue till March 31, says Centre
Tue, Feb 20, 2024 3:03 PM

Onion export ban to continue till March 31, says Centre

The Indian government has extended the ban on onion exports until March 31, 2024 to increase domestic availability and control prices. This decision comes after a previous ban in August 2023 and a subsidised sale of buffer onion stock in October 2023. The ban is likely to continue even after March 31, as rabi onion production is expected to be lower in key growing states like Maharashtra.

Open Flip
At Rs 376, Paytm shares hit upper circuit for third straight session
Tue, Feb 20, 2024 3:02 PM

At Rs 376, Paytm shares hit upper circuit for third straight session

Shares of One97 Communications rose 5% and hit the upper circuit for the third day in a row. The Enforcement Directorate (ED) has not found any violations of foreign exchange rules by Paytm Payments Bank Ltd, but did discover lapses in KYC norms and generation of suspicious transaction reports. This comes after the RBI ordered PPBL to cease operations due to alleged rule violations.

Open Flip
Varroc Engineer Consolidated December 2023 Net Sales at Rs 1,884.59 crore
Tue, Feb 20, 2024 3:00 PM

Varroc Engineer Consolidated December 2023 Net Sales at Rs 1,884.59 crore

Reported Consolidated quarterly numbers for Varroc Engineering are: Net Sales at Rs 1,884.59 crore in December 2023 up 9.78% from Rs. 1,716.77 crore in December 2022. Quarterly Net Profit at Rs. 382.69 crore in December 2023 up 1775.54% from Rs. 20.40 crore in December 2022. EBITDA stands at Rs. 184.52 crore in December 2023 up 28.32% from Rs. 143.80 crore in December 2022.

Open Flip
Zydus Wellness Consolidated December 2023 Net Sales at Rs 403.20 crore
Tue, Feb 20, 2024 2:55 PM

Zydus Wellness Consolidated December 2023 Net Sales at Rs 403.20 crore

Zydus Wellness reported a decrease in net sales and profits for the quarter ending December 2023 compared to the same period in 2022. EBITDA also decreased, leading to a decrease in EPS. Shares closed at 1,597.55 and have given positive returns over the past 6 months and 12 months. The expenditure for the quarter included raw materials, administrative and selling expenses, and depreciation.

Open Flip
Motilal Oswal bullish on Coal India, maintains rating and target price
Tue, Feb 20, 2024 2:53 PM

Motilal Oswal bullish on Coal India, maintains rating and target price

Motilal Oswal Financial Services has maintained a "Buy" rating on Coal India's stock with a target price of Rs 520, citing the company's potential for future growth opportunities. While revenue estimates for FY26 have been raised by 1%, operating profit and net profit estimates have been raised by 8% and 7% respectively. The broker also noted India's lagging renewable energy target for FY30.

Open Flip
Bond funds are not as safe as you thought
Tue, Feb 20, 2024 2:53 PM

Bond funds are not as safe as you thought

Investing in bond funds for your pension may be a risky move, as shown by the Bank of England's troubles. The low risk associated with government bonds only applies if you hold them to maturity; otherwise, selling before maturity can lead to major losses. This risk is heightened during interest rate changes, making bonds less valuable for diversification.

Open Flip
Nahar Ent Consolidated December 2023 Net Sales at Rs 363.75 crore
Tue, Feb 20, 2024 2:48 PM

Nahar Ent Consolidated December 2023 Net Sales at Rs 363.75 crore

Nahar Industrial Enterprises reported a decrease in net sales, net profit, and EBITDA for the quarter ending in December 2023 compared to the same period in 2022. The company's EPS also decreased from Rs. 2.46 to Rs. 1.16. However, its shares closed at Rs. 137.80 and have shown positive returns of 22.43% and 58.94% over the last 6 months and 12 months, respectively.

Open Flip
Lumax Inds Consolidated December 2023 Net Sales at Rs 631.72 crore
Tue, Feb 20, 2024 2:47 PM

Lumax Inds Consolidated December 2023 Net Sales at Rs 631.72 crore

Reported Consolidated quarterly numbers for Lumax Industries are: Net Sales at Rs 631.72 crore in December 2023 up 9.03% from Rs. 579.42 crore in December 2022. Quarterly Net Profit at Rs. 25.58 crore in December 2023 down 13.4% from Rs. 29.54 crore in December 2022. EBITDA stands at Rs. 59.76 crore in December 2023 up 4.99% from Rs. 56.92 crore in December 2022.

Open Flip
Jayant Agro-Org Consolidated December 2023 Net Sales at Rs 428.88 crore
Tue, Feb 20, 2024 2:44 PM

Jayant Agro-Org Consolidated December 2023 Net Sales at Rs 428.88 crore

Reported Consolidated quarterly numbers for Jayant Agro-Organics are: Net Sales at Rs 428.88 crore in December 2023 down 18.32% from Rs. 525.05 crore in December 2022. Quarterly Net Profit at Rs. 9.52 crore in December 2023 up 108.5% from Rs. 4.56 crore in December 2022. EBITDA stands at Rs. 18.31 crore in December 2023 up 34.43% from Rs. 13.62 crore in December 2022.

Open Flip
Bajaj Hindustha Consolidated December 2023 Net Sales at Rs 1,740.63 crore
Tue, Feb 20, 2024 2:21 PM

Bajaj Hindustha Consolidated December 2023 Net Sales at Rs 1,740.63 crore

Bajaj Hindusthan Sugar reported a strong financial performance in the December 2023 quarter, with net sales up by 21.65% and net profit up by 134.74% compared to the same period in 2022. The company's EBITDA also increased by 27.11%. The stock has shown significant growth, with returns of 77.86% over the last 6 months and 185.11% over the last 12 months.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon