Shares of REC NSE -0.63 % Ltd. slipped 2.11 per cent to Rs 158.0 in Monday’s trade. It hit a high of Rs 161.5 and low of Rs 154.4 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 128.21, while the 50-DMA was at Rs 138.13. If a stock […]
Day: June 15, 2021
Tata Power shares drop 2.03% as Sensex rises
Shares of Tata Power NSE -0.16 % Company Ltd. traded 2.03 per cent down at Rs 123.1 at 02:05PM (IST) on Monday, even as BSE benchmark Sensex gained 17.67 points to 52492.43. The scrip had settled at Rs 125.65 in the previous session. The stock quoted a 52-week high price of Rs 132.5 and 52-week […]
Tesla to accept bitcoin again when greener
NEW YORK: Elon Musk, CEO of electric vehicle maker Tesla, said on Sunday that the US company will accept bitcoin payments again when the virtual currency is greener. The American manufacturer caused a sensation in February when it announced that customers could pay in cryptocurrency, an option that became possible at the end of March. […]
IGL shares gain 1.63% as Sensex rises
Shares of Indraprastha Gas Ltd. traded 1.63 per cent higher in Tuesday’s session at 10:41AM (IST). The stock opened at Rs 533.95 and has touched an intraday high and low of Rs 541.6 and Rs 532.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 594.85 and a 52-week low […]
After Mumbai, Hyderabad sees Rs 100/litre petrol after price hiked again
NEW DELHI: Hyderabad on Monday became the second metro city in the country to see petrol price crossing Rs 100 per litre mark after fuel prices were raised yet again. Petrol price was hiked by 29 paise per litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers. The hike […]
Jaiprakash Power Q4 results: Company posts net profit of Rs 215 cr
NEW DELHI: Jaiprakash Power Ventures Ltd NSE 4.08 % (JPVL) on Monday posted a consolidated net profit of Rs 215.32 crore in the March quarter, mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 70.91 crore in the quarter ended March 2020, a BSE filing said.
Coal India Q4 results: Consolidated profit drops marginally by 1% to Rs 4,587 crore
NEW DELHI: State-owned Coal India on Monday reported a marginal 1.1 per cent decline in its consolidated profit at Rs 4,586.78 crore for the quarter ended March 2021 on the back of lower sales. The coal behemoth had posted a consolidated profit of Rs 4,637.95 crore in the same period a year ago, Coal India […]
Adani Group says report of freeze on foreign funds ‘blatantly erroneous’
NEW DELHI: Adani Enterprises Ltd said on Monday that media reports about freezing of accounts of three foreign funds which had invested in the group companies were “blatantly erroneous.” The company said it had an e-mail from the “Registrar and Transfer Agent” dated June 14 saying “that the Demat Account in which the aforesaid funds […]
Why shares of Adani Group plunged sharply
NEW DELHI: The shares of Adani Group companies suffered a massive jolt on Monday. All stocks of the group hit their respective lower circuit limits during the trade resulting in massive loss of more than $6 billion in one day. Adani Enterprises — the flagship company of Adani Group — closed 6.3 per cent or […]
BHEL dives 18% after ‘terrible’ Q4. Analysts see up to 54% further fall!
NEW DELHI: Shares of BHEL tumbled 18 per cent in Monday’s trade, and analyst recommendations post its March quarter results suggest it could just be the beginning of a sharper drop in the stock. Edelweiss NSE 0.48 % has a price target of Rs 29 on the stock. Kotak Institutional Equities finds it worthy of […]
Government may raise foreign investment limit to aid BPCL sale
India is considering making it easier for foreign investors to acquire control of Bharat Petroleum Corp., according to people familiar with the matter, as the government tries to sell the state firm and bridge a widening budget deficit. If the cabinet clears the proposal, overseas funds would no longer need government approval to purchase a […]
NHAI plans to expand InvIT size to Rs 15,000 crore
State-owned National Highways Authority of India (NHAI) plans to increase the size of its proposed infrastructure investment trust (InvIT) and is expected to raise as much as ₹15,000 crore in two rounds. As part of the monetisation programme announced by the government, NHAI plans to sell about 32 more operational road assets spanning 1,500 km […]