Shares of KSB hit a new high of Rs 2,730.70, zooming 19 per cent on the BSE in Thursday’s intra-day trade, in an otherwise weak market, after the company reported healthy performance in June quarter (Q2FY24). In the past three weeks, the stock has rallied 35 per cent. Today, the stock surpassed its previous high… Continue reading KSB zooms 19% in a weak market on healthy June quarter performance
Tag: June
UPL slips 5%, hits over 2-year low on weak June quarter results
Shares of UPL hit an over two-year low of Rs 590.10, as they slipped 5 per cent on the BSE in Thursday’s intra-day trade after the company reported a weak set of numbers for the June quarter (Q1FY24). The stock of pesticides & agrochemicals company was trading at its lowest level since March 2021. Thus… Continue reading UPL slips 5%, hits over 2-year low on weak June quarter results
July PMI services rises sharpest since June 2010 on robust global demand
India’s services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. According to S&P Global, India’s services purchasing managers’ index (PMI) grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The… Continue reading July PMI services rises sharpest since June 2010 on robust global demand
Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income
Adani Wilmar sells edible oils and other food items under Fortune Brand. Edible oil major Adani Wilmar on Wednesday reported a net loss of Rs 79 crore in the June quarter due to lower income amid fall in prices of cooking oils. The company had posted a net profit of Rs 194 crore… Continue reading Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income
Orient Cement’s net profit declines to Rs 37.03 crore in June quarter
Orient Cement’s total expenses were at Rs 772.39 crore in Q1 of FY2023-24, up 17.73 per cent. C K Birla group firm Orient Cement Ltd on Tuesday reported a marginal decline in its net profit at Rs 37.03 crore in the June quarter. It had posted a net profit of Rs 37.41 crore… Continue reading Orient Cement’s net profit declines to Rs 37.03 crore in June quarter
Tribhovandas Bhimji Zaveri reports five-fold jump in profit in June quarter
The Mumbai-based jeweller’s total revenue slid marginally this quarter by 1.6% to 5.71 billion rupees. Revenue had last slid 3.3% in the quarter ended Dec 31, 2020. BENGALURU (Reuters) – Indian jeweller Tribhovandas Bhimji Zaveri reported a nearly five-fold jump in first-quarter profit on Tuesday, as higher margins from premium pricing and lower expenses… Continue reading Tribhovandas Bhimji Zaveri reports five-fold jump in profit in June quarter
Shriram General Insurance reports 37% rise in net profit in June quarter
The company’s solvency at the end of June 2023 was 4.83 from 4.48 a year ago. It has settled 39,076 claims in Q1 FY24 compared to 33,811 in the year-ago period. Shriram General Insurance Company posted a 37 percent growth in net profit at Rs 98 crore during the first quarter of FY 24.… Continue reading Shriram General Insurance reports 37% rise in net profit in June quarter
Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
The demand for gold in India dropped 7 per cent year-on-year to 158.1 tonne (170.7 tonne in the June 2022 quarter), said the World Gold Council (WGC) in a recent release. High gold prices, and a knee-jerk reaction to the ban on Rs 2,000 notes during the recently concluded quarter, WGC said, also dented… Continue reading Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
Retail inflation for industrial workers rises in June due to higher prices
Retail inflation for industrial workers inched up to 5.57 per cent in June compared to 4.42 per cent in May this year, mainly due to higher prices of certain food items. “Year-on-year inflation for the month stood at 5.57 per cent compared to 4.42 per cent for the previous month (May) and 6.16… Continue reading Retail inflation for industrial workers rises in June due to higher prices
India’s core sector output expands to 5-month high at 8.2% in June
Output of eight key infrastructure sectors — known as the core sector — expanded to a five-month high of 8.2 per cent in June. This is due to a high base effect and positive growth in seven of the eight sectors. In June last year, the core sector had grown by 13.1 per… Continue reading India’s core sector output expands to 5-month high at 8.2% in June