Apr 09, 2024, 2:22 pm IST
Godrej Properties' stock rose 8% and reached a 52-week high due to strong Q4 growth.
Godrej Properties Ltd.'s stock increased 8% to reach a 52-week high of Rs 2,791.80 on the company's announcement of a notable increase in bookings for both the March quarter and FY24.
Godrej Properties was up about 5% at Rs 2,710 at 1:28 pm, marking the fourth day in a row of gains. The stock has gained 35% so far this year and 66% over the last six months.
The company announced that its March quarter bookings increased by 135 percent year over year to Rs 9,500 crore, the largest quarterly sales ever recorded by any publicly traded real estate developer in India.
Apr 09, 2024, 1:38 pm IST
Sensex, Nifty Pullback
Sensex and Nifty 50 pulled back from their early fresh record gains and traded marginally up. That is because selling in media and PSU banks escalated, which further dampened mood. In early deals, Sensex touched new lifetime high of 75,124.28, while Nifty 50 soared to a new all-time high of 22,768.40.
Apr 09, 2024, 12:45 pm IST
Bandhan Bank Shares
Bandhan Bank, one of India's private sector banks, is in focus today as its founder and chief executive, Chandra Shekhar Ghosh, announced his voluntary exit despite a board nod to continue in the top job. This decision has put Bandhan Bank shares under the spotlight, with the stock opening flat but showing a positive bias at Rs 185.15 per share against the previous close of Rs 184.95 per share. Early morning deals saw the counter reaching a high of Rs 187.40 per share, indicating initial investor interest.
Apr 09, 2024, 12:21 pm IST
Top 5 Gainers and Losers Today
Stock Market Live Updates
Apr 09, 2024, 12:01 pm IST
Maruti Suzuki Expands Manufacturing Capability At Manesar Plant
Maruti Suzuki India Limited has commissioned another vehicle assembly line at its Manesar facility today. This assembly line
has been added to the existing Plant-A of the 3 manufacturing plants at Manesar. The new vehicle
assembly line can manufacture 100,000 units per annum. With this additional assembly
line, the total manufacturing capability at Manesar stands at 900,000 vehicles per annum. Mr. Hisashi Takeuchi, Managing Director &
CEO, of Maruti Suzuki India Limited said, “Maruti Suzuki is deeply committed to the Government of India’s vision
of `Make in India’. We aim to nearly double our capacity to 4 million vehicles per annum over the next 7-8
years and this capacity addition of 100,000 vehicles per year is a step towards this goal. It will help us serve
our customers faster and enhance our overall capability to manufacture up to 23.5 lakh units per annum.”
Apr 09, 2024, 11:48 am IST
Multibagger Defence Stock To Consider Stock Split, Fundraising On April 19; Shares Rally 15%
Small cap stock from the defense sector, Premier Explosives Ltd shares zoomed 14.88% in trade today soon after the company informed its decision to consider a stock split along with fundraising on April 19, 2024. The last trading price of Premier Explosives shares on BSE is Rs 1940.00 per share. The company has a market capitalization of Rs 2085.93 crore. Premier Explosives shares jumped 356% in the last 1-year and 24% in the last 1-week only.
Apr 09, 2024, 11:23 am IST
Gold Price In India Today On 8th April Jumps Again, Breaching All-time High Range
As the international spot gold trades near a record high range at $ 2,345/- per ounce, India gold rates today for 24-carat are Rs. 71,730/- and Rs. 65,750/- for10 grams of 22-carat gold. The yellow metal price in India today has surged with international demand by Rs. 110/- and Rs. 100/- per 10 grams of pure gold and standard gold respectively. Similar to this, today Indian gold prices for 18-carat are Rs. 53,800/-, rising by Rs. 90/- per 10 grams. The MCX Gold Futures maturing in June this year are today trading around Rs. 71,231/-, a rise of 0.45% since yesterday.
Apr 09, 2024, 11:07 am IST
TARC Kailasa Marks New Hieghts in New Delhi's Luxury Real Estate Sector
TARC Limited proudly announces the sell-out of TARC Kailasa 1.0, amounting to
INR 1400 Crores in sales, setting a new benchmark in the city's luxury real estate market. Amar Sarin, Managing Director & CEO of TARC Limited says, "the sellout of TARC Kailasa 1.0, worth INR 1400 Crores, marks a significant achievement forTARC Limited. lt affirms our dedication to delivering world-class sustainable living spaces that fulfill the dreams and aspirations of our discerning clientele. This success is a testament to our vision and
the promise we made to transform New Delhi's luxury real estate landscape. People are looking
for ultimate comfort coupled with security, parking ease and social infrastructure which has led to
this trend of moving to high-end condominiums. We are proud to have met these demands and
provided a seamless experience for our valued customers."
Apr 09, 2024, 10:47 am IST
Yasho Industries Begins Its Commercial Production At Pakhajan Plant In Dahej District
Spread over 42 acres, the 20,000 MTPA unit has been set up at an approximate cost ofRs. 470 crore, against the originally envisaged budget of Rs. 400 crore. This increase ison account of enhanced scope of automation done to improve efficiency levels,increased capacity by around 15% and inflationary factors. “We are pleased to announce the commencement of commercial production at our newfacility, marking a significant advancement in our journey of growth. Spread across 42acres, this expansive facility represents our commitment to expanding our operational footprint and enhancing our production capabilities”, said Mr. Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited.
Apr 09, 2024, 10:27 am IST
Ajmera Realty Marches Ahead With Its Sales Crossing ₹1,000 Crs in FY24
Ajmera Realty achieved an impressive twofold sale in Q4 FY24, surging to INR 287 crore from INR 140 crore in Q4 FY23. With the connectivity boost facilitated by the inauguration of Atal Setu, Wadala. ARIIL achieved a sales value of INR 287 crores and collections of INR 197 crores for the Fourth Quarter of FY24 with a growth of 104% and 91% respectively as compared to the Fourth Quarter of FY23. Mr. Dhaval Ajmera, Director, of Ajmera Realty & Infra India Ltd, said, “As we reflect on FY24, I am pleased to share that it has been a stellar year for Ajmera Realty. We have achieved our highest-ever pre-sales figures, totaling Rs. 1,017 crores, in alignment with our stated guidance. This achievement stands as a testament to our unwavering commitment to future growth and our ambitious 5x growth strategy moving forward.”
Apr 09, 2024, 9:54 am IST
Rupee down 0.36 paise against US Dollar
Indian rupee fell by 0.36 paise against US Dollar in morning trade on Tuesday.
Apr 09, 2024, 9:49 am IST
Shilpa Medicare Initiates QIP, Floor Price At Rs 477.33/Share
Shilpa Medicare has commenced its qualified institutions placement (QIP) offering on April 8, establishing a floor price of Rs 477.33 per share. Additionally, the company's board of directors will convene on or after April 12 to deliberate on the issue price for the QIP offering.
Apr 09, 2024, 9:42 am IST
JLR Records 20% YoY Sales Growth On Improved Production
Jaguar Land Rover (JLR) achieved a remarkable growth of over 20% year-on-year in its full-year sales, driven by enhanced production capabilities and sustained global demand. In Q4FY24, excluding the China joint venture, wholesale volumes surged by 16% compared to the same period last year, reaching 1.1 lakh units.
Similarly, for the entire FY24, wholesale volumes saw a substantial increase of 25% year-on-year, totaling 4.01 lakh units. Retail sales in the fourth quarter, including the China joint venture, stood at 1.14 lakh units, marking an 11% rise compared to the corresponding quarter of the previous year. Over the full year, retail sales exhibited robust growth of 22% year-on-year, amounting to 4.31 lakh units.
Apr 09, 2024, 9:22 am IST
Market Opens At Record High
On April 9, Indian stock market indexes commenced on a robust note, with the Nifty surpassing the 22,750 mark. The Sensex showed a gain of 166.83 points or 0.22 percent, reaching 74,909.33, while the Nifty rose by 50.90 points or 0.22 percent to 22,717.20. Among the traded shares, 1662 saw an increase, 584 witnessed a decline, and 97 remained unchanged.
Apr 09, 2024, 8:48 am IST
Sterlite Technologies Initiates QIP To Raise Rs 1,000 Crore
On Monday, April 8, Sterlite Technologies commenced a share sale targeting institutional investors to secure additional funds. According to CNBC-TV18 sources, the company aims to generate up to Rs 1,000 crore through this share offering.
The floor price for this offering is set at Rs 119 per share, representing a 6% discount from Monday's closing price of Rs 127.10 per share. Additionally, Sterlite Tech may provide a discount of up to 5% on the QIP floor price, at the discretion of management, as stated in the exchange filing.
Apr 09, 2024, 8:46 am IST
Asian Markets Show Strength; Hang Seng & Taiwan Index Rise By 1% Each
Despite the downward pressure experienced by Wall Street equities on Monday due to US Treasury yields, Asian markets are trading higher on Tuesday. Investors in the region are closely monitoring business confidence surveys from Australia and consumer confidence data from Japan.
Apr 09, 2024, 8:45 am IST
GIFT Nifty Suggests Gap-Up Opening For Indian Market
The latest trends on GIFT Nifty suggest a promising opening for the broader Indian index, with an uptick of 61.5 points or 0.37 percent. Nifty futures are currently hovering around the 22,838 mark.
Apr 09, 2024, 8:44 am IST
Wall Street Ends Flat As Investors Await CPI, Earnings
Wall Street concluded the day with minimal movement as investors anticipated upcoming inflation figures and the commencement of first-quarter earnings reports, amidst a choppy trading session on Monday. An eclipse offered a brief diversion from market proceedings.
The Dow Jones Industrial Average dipped by 11.24 points, equivalent to a 0.03% decline, closing at 38,892.80. Similarly, the S&P 500 edged lower by 1.95 points, representing a 0.04% decrease, settling at 5,202.39. Conversely, the Nasdaq Composite registered a modest gain of 5.44 points, marking a 0.03% increase, and closing at 16,253.96.
Apr 09, 2024, 8:41 am IST
Oil Approaches Five-Month Peak Amid Heightened Focus On Middle East
Oil prices remained hit a five-month high as market participants assessed ongoing tensions in the Middle East and persistent worries about supply constraints. Brent futures inched above per barrel following a 0.9% decline in the previous session, marking the first decrease in five consecutive trading sessions. Meanwhile, West Texas Intermediate (WTI) hovered below per barrel.
Reports from Israeli officials suggested progress in negotiations for a potential cease-fire in Gaza, hinting at a potential de-escalation of conflicts in the region. However, Hamas swiftly refuted these claims, casting doubt on the prospects of an immediate resolution to the hostilities.
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