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Stocks In the News: Bharti Airtel, Reliance Industries, Hindalco and others

Stocks In the News: Check out the companies such as Bharti Airtel, Reliance Industries, Hindalco others making headlines before the opening bell

Stocks In the News: Check out the companies such as Bharti Airtel, Reliance Industries, Hindalco and others making headlines before the stock marker open. Here are a dozen stocks which may buzz the most in today’s trade: Bharti Airtel: The telecom operator Bharti Airtel said it has signed an agreement to buy Vodafone’s 4.7 per…

PharmEasy shares drop 50% to Rs 70-75 over 3 months in unlisted market

PharmEasy was last valued at $5.6 billion and was aiming at an IPO valuation of around $7-8 billion. It closed a $350-million pre-IPO funding round in October, taking its total fundraising in 2021 to nearly $1 billion.

Despite getting the regulatory approval to launch its initial primary offering (IPO), API Holdings, the parent company of PharmEasy, is feeling the heat of a recent meltdown in the unlisted market. Shares of PharmEasy have eroded half of investors wealth in the pre-IPO market dropping down to Rs 70-75 on Tuesday. It was trading at…

Reliance Industries stock in focus

Shares of Reliance Industries Limited (RIL) were in focus on February 14, after global research firm Morgan Stanley put overweight call on the stock with target at Rs 2,926 per share, an upside of around 25 percent from current market price. Billionaire Mukesh Ambani’s Reliance Industries is targeting to become one of the largest producers…

Ramco Cements shares sink 7.8% as Q3 profit falls 59%

The average increase in diesel prices by 22 per cent during the third quarter of the current financial year increased inbound/outbound logistics costs for the company, reports said.

Shares of Ramco Cements NSE -2.51 % tumbled close to 8 per cent in early trade Tuesday as the company reported a 59 per cent decline in standalone profit in October-December to Rs 83 crore on account of faltering demand. Sales from products, however, rose 16 per cent to Rs 1,541 crore for the quarter…

Reliance Industries slips 7% in 2 days, loses over Rs 1trillion in market cap

At 10:30 am, the stock traded 2.4 per cent lower at Rs 2,321 on the BSE, as compared to 0.47 per cent decline in the S&P BSE Sensex.

Shares of Reliance Industries (RIL) were down 3 per cent at Rs 2,305 on the BSE in Tuesday’s intra-day, falling 7 per cent in the past two trading sessions, despite the company’s clarification on loan of Rs 750 crore granted to Shapoorji Pallonji Company by its arm Reliance Ventures Limited (RVL). A sharp decline in…

Sharekhan on Reliance Industries

We expect continued recovery in RIL’s earnings led by cyclical recovery in O2C margins, further telecom tariff hike, high growth in retail and ramp-up of new revenue streams (broadband services and new commerce). Further value unlocking in digital and retail (with a likely IPO for consumer business in next few years) and would add value…

Mphasis share price gains 3% after Q3 profit rises to Rs 357.6 crore

The IT firm on January 20 reported a 9.8 percent increase in consolidated net profit at Rs 357.6 crore for the December 2021 quarter.

Mphasis share price added more than 3 percent in the morning session on January 21, a day after the company declared its third quarter earnings. The IT firm on January 20 reported a 9.8 percent increase in consolidated net profit at Rs 357.6 crore for the December 2021 quarter. The company’s net profit stood at…

Reliance New Energy acquires stake in Sterling and Wilson Renewable Energy

Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of the Reliance Industries has acquired, by way of off-market purchase, 1,84,00,000 equity shares of face value of Re 1 each at a price of Rs 375 per equity share aggregating Rs 690,00,00,000 from Shapoorji Pallonji and Company Private Limited, one of the promoters of…