Thursday, 30 May 2024
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Stock Market

SmallCap index up 1% but Sensex drops 200 points

  • Clean Science’s revenue increased by 5% to Rs 227.5 crore in Q4 of this year
  • The shares of PSBs, Union Bank of India, Indian Bank, Canara Bank, and Bank of India, rise on the BSE.
  • A plan to issue bonus shares may be taken into consideration by the Oil India Board of Directors.

Clean Science’s revenue increased by 5% to Rs 227.5 crore in Q4 of this year, but its net profit decreased by over 13% YoY to Rs 70.2 crore. For the second consecutive session, railroad-related businesses saw favorable trade bias as a result of statements made by important ministers expressing confidence in the continuation of reforms following election results.

Union Home Minister Amit Shah urged investors to purchase stocks ahead of the announcement and cautioned against associating recent stock market volatility with the 2024 Lok Sabha elections.

Smallcap Index

The shares of public sector banks (PSBs), Union Bank of India, Indian Bank, Canara Bank, and Bank of India, rose 4.64 percent, 4.47 percent, 4.37 percent, and 2.32 percent on the BSE during Wednesday’s intraday trading. The business’s consolidated net profit for the fourth quarter increased from Rs 59 crore year over year to Rs 78.2 crore.

Information technology behemoth Infosys has been penalized by the Canadian government over Rs 82 lakh for allegedly not paying the full employee health tax liability for the fiscal year that concluded on December 31, 2020.

A memorandum of agreement has been inked by the BSP, the flagship unit of Steel Authority of India Limited (SAIL), the nation’s largest steel manufacturer, and the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generating project within the unit’s premises.

The Securities and Exchange Board of India (Sebi) has granted a three-year extension to the Life Insurance Corporation of India (LIC) so that it can attain a 10% public shareholding. A plan to issue bonus shares may be taken into consideration by the Oil India Board of Directors.

Revenue jumped by 20.2% to Rs 12,243.7 crore in Q4 of this year, while net profit increased by 18.4% to Rs 4,135 crore. Granules India’s Q4 profit increased by more than 8% to Rs 129.6 crore, despite a 1.7% decline in revenue to Rs 1,175.7 crore.

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