Reliance Industrial Infra's Q2 net profit stands ₹2.26 Cr
Sat, Oct 15, 2022 5:59 PM

Reliance Industrial Infra's Q2 net profit stands ₹2.26 Cr

The net profit of Reliance Industrial Infrastructure Ltd (RIIL) in the second quarter of the fiscal year 2022-23 was Rs 2.26 crore, the firm announced on October 15. In the previous fiscal year, the company generated a net profit of Rs 2.55 crore. The overall income for the quarter that ended September 30, 2022, was Rs 2,120 crore, a 0.2% increase from Rs 2,116.23 crore the previous year.

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This multibagger penny stock surges 285% in 1 year
Sat, Oct 15, 2022 5:47 PM

This multibagger penny stock surges 285% in 1 year

Small-cap firm Sarda Papers Ltd works in the commodity industry and has a market worth of ₹4.99 Cr. The company's board of directors has approved a 1:10 stock split and rights issue, which current shareholders and potential buyers should be aware of. The last traded price was ₹16.00 apiece, recorded on 10th October 2022. In the last 3 years, the stock has forged a multibagger return of 135.29%.

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Gambia shares child deaths linked to cough syrup have increased to 70
Sat, Oct 15, 2022 5:21 PM

Gambia shares child deaths linked to cough syrup have increased to 70

On Friday, Gambia’s government expressed that the number of child deaths from acute kidney injury, believed to be linked to Indian-made cough syrups, has increased to 70 from a previous toll of 69. President Adama Barrow shared the update at an emergency cabinet meeting which he called on Thursday to discuss the crisis, as per the presidency statement.

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This penny stock's board of directors approves 3:10 bonus shares
Sat, Oct 15, 2022 5:13 PM

This penny stock's board of directors approves 3:10 bonus shares

Veer Energy & Infrastructure Ltd. is a small-cap business with a market value of ₹18.30 Cr. The Board of Directors of the Company has approved 3:10 bonus shares. Veer Energy & Infrastructure Ltd.'s shares dropped 12.64% to settle on Friday at ₹15.90 a share. When compared to the 20-Day average volume of 171,461 shares, the stock's most recent trading session had a total volume of 384,554.

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2 penny stocks to watch for impending price actions
Sat, Oct 15, 2022 4:51 PM

2 penny stocks to watch for impending price actions

Bonus shares are extra shares that are issued from the company's reserves and given to shareholders in accordance with their shareholding patterns. Due to this the firm's outstanding share capital is increased by bonus shares. Navoday Enterprises Limited and Janus Corporation Limited’s board of directors have recommended bonus shares, thus investors tend to focus on these penny stocks next week.

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Sanjiv Bhasin's top stock picks for next week: Details
Sat, Oct 15, 2022 4:51 PM

Sanjiv Bhasin's top stock picks for next week: Details

After a sharp recovery in the US stock market on Thursday, Indian stocks managed to end higher on Friday. Sanjiv Bhasin of IIFL Securities said that short-term traders could buy HCL Tech for two to three days. For Future & Options traders, he advised them to keep an eye on Infosys October Futures, whereas derivative segment traders can gamble upon ICICI Bank October Futures.

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UTI multi asset fund declares income distribution cum capital withdrawal
Sat, Oct 15, 2022 4:32 PM

UTI multi asset fund declares income distribution cum capital withdrawal

UTI Mutual Fund has declared 20 October 2022 as the record date for the declaration of Income Distribution cum capital withdrawal (IDCW) under the Regular Plan-IDCW Option and Direct Plan-IDCW Option of UTI Multi Asset Fund. The quantum of IDCW will be Rs 0.255 per unit or 2.55% of the face value of Rs 10 per unit.

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572 Million XRP Transferred As Coin Drops $0.5 Level
Sat, Oct 15, 2022 4:25 PM

572 Million XRP Transferred As Coin Drops $0.5 Level

XRP whales have shovelled more than 0.5 Bn Ripple-related tokens. The majority of this sum was moved in transfers of $100 Mn or more. These transactions happened when the price of XRP declined from its most recent high of $0.5 per unit. The Ripple ODL partner Bitso, Bitstamp, Binance, & other exchanges were the destinations of thirteen large transactions that moved chunks of 22 Mn to 40 Mn XRP.

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Bonus shares: These 3 stocks to trade without bonuses the next week
Sat, Oct 15, 2022 4:08 PM

Bonus shares: These 3 stocks to trade without bonuses the next week

Long-term stock market investors make money from more than just the share price growth of the stocks in their portfolio. They actually make money through a variety of other channels, including dividends, bonus shares, share buybacks, rights issues, etc. There are three stocks that are trading ex-bonus next week. Shares of U H Zaveri, Regency Fincorp, and Atam Valves will trade ex-bonus.

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This stock caused a loss to investors, made 1 lakh to 7 thousand rupees
Sat, Oct 15, 2022 4:03 PM

This stock caused a loss to investors, made 1 lakh to 7 thousand rupees

Shares of Future Retail, a Future Group company, have fallen steadily this year. Let me tell you, on January 3, 2022, this stock was trading at Rs 50 on NSE. Now it fell more than 92% to Rs 3.60 by October 10, 2022. That is, any investor who had invested Rs 1 lakh in this stock earlier this year, his one lakh fell to just Rs 7,200.

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Are you choosing the right crypto?
Sat, Oct 15, 2022 4:00 PM

Are you choosing the right crypto?

With over 20,000 cryptocurrencies in circulation, choosing the right one for you can be challenging. Thus, Mudrex Coin Sets enable you to invest in crypto indices, i.e., theme-based crypto baskets, to help you make the right choice. Simply invest in sectors that are relevant to you.

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India's largest private bank posts a 20% higher profit
Sat, Oct 15, 2022 3:50 PM

India's largest private bank posts a 20% higher profit

The largest private bank in India, HDFC Bank reported a 20% increase in net profit for the three months ending September 2022. This gain was driven by increased loan growth and a rise in income from other sources. The private bank reported a net profit of 106.05 rupees, exceeding experts' predictions of 105.97 billion rupees in net earnings. The bank's advances also had a strong increase of 23.4%.

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PM Modi to launch 75 digital banking units
Sat, Oct 15, 2022 3:28 PM

PM Modi to launch 75 digital banking units

On Sunday, officials said that PM Narendra Modi would commit 2 digital banking units of Jammu and Kashmir Bank to the nation via video conferencing. To deepen financial inclusion, he will inaugurate 75 digital banking units (DBUs) of banks across the country, of which two are of Jammu and Kashmir Bank, they said. Modi will also address the nation on occasion.

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SBI increases interest rates on fixed deposits!
Sat, Oct 15, 2022 3:21 PM

SBI increases interest rates on fixed deposits!

State Bank of India has increased interest rates on fixed deposits of less than ₹2 Cr, effective from 15.10.2022. The country's largest lender has increased the interest rates by up to 20 bps. The bank is now providing a 3.00% to 5.85% interest rate for the general public and 6.65% for senior citizens on deposits maturing in 7 days to 10 years.

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Axis arbitrage fund shares IDCW
Sat, Oct 15, 2022 3:18 PM

Axis arbitrage fund shares IDCW

Axis Mutual Fund has revealed 20 October 2022 as the record date for the proclamation of Income Distribution cum Capital Withdrawal (IDCW) under the regular plan-IDCW option and the direct plan-IDCW option of Axis Arbitrage Fund. The amount of IDCW will be Rs 0.05 per unit under each plan/option on the face value of Rs 10 per unit.

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