Havells India’s share price surged over 2% on Thursday following the company’s announcement of a 24% profit increase in the fourth quarter of fiscal year 2024. Havells India shares soared by as much as 2.52% to reach an intra-day high of Rs 1,706.85 per share on the NSE.

Havells India posted a net profit of Rs 448.86 crore for the quarter ending March of FY24, marking a significant increase of 24.1% compared to the previous year’s figure of Rs 361.71 crore during the same period. 

The company’s revenue from operations also witnessed a notable growth of 11% year-on-year in Q4 of FY24, reaching Rs 5,434.34 crore, compared to Rs 4,849.59 crore recorded in the corresponding period a year ago.

HAL set to bag another Rs 67,000 cr LCA …

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Tuesday. Here is all you need to know before the market opens.

GIFT Nifty traded up by just 8.50 points or 0.04% at 22,180 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by 81.55 points or 0.37% to settle at 22,122.25, while the BSE Sensex gained by 281.52 points or 0.39% to 72,708.16.

“Domestic Equities attained new highs with Nifty touching fresh levels of 22186.65 levels before closing with gains of 81 points at 22122. The midcap and smallcap indices surged in line with the benchmark. Majority of the sectors ended in the green. Consumer Durables, Pharma, …

By Ajit Mishra

It was a long and volatile week but markets managed to reclaim their record high, in continuation to the prevailing trend. The tone was downbeat in the initial sessions however a sharp recovery in the final trades completely changed the bias. 

Consequently, both the benchmark indices, Nifty and Sensex, settled around the week’s high at 22,378.40 and 73,806.10 respectively. The majority of key sectors participated in the move wherein metal, auto and banking were among the top gainers while IT and pharma traded subdued. Meanwhile, the broader indices underperformed for yet another week and ended on a flat note.