Indian Railway Finance Corporation (IRFC) Ltd on Monday reported a 34 percent rise in its profit to Rs 1,717.3 crore for the March 2024 quarter on account of higher income. It had clocked a profit of Rs 1,285.2 crore during the fourth quarter of the last fiscal, the state-owned company said in a regulatory filing.The company's stock price jumped 3.67 percent to Rs 179.55 on BSE during early tradin...

Benchmark indices Sensex and Nifty fell moderately on May 21, after having scaled key levels of 74,000 and 22,500 at the previous session's close.Derivatives data indicate that the Nifty is favourably positioned for an upward move towards 22,800, despite selling pressure at higher levels.The immediate support levels for Nifty are now placed at 22,400 and 22,350. Analysts suggest buying on dips at ...

JSW Cement plans to invest around Rs 3,000 crore to set up a greenfield, integrated manufacturing facility in the Nagaur district of Rajasthan, the JSW Group-owned company said on May 21.The investment would be funded through a combination of equity and long-term debt, the company said.Indian cement makers are bullish on the demand environment amid increased government spending on infrastructure, ...

Oil and Natural Gas Corporation (ONGC) reported a 78 percent surge in its consolidated net profit for the fourth quarter of FY24 from last year. The explorer’s revenue from operations, however, increased slightly during the January-March 2024 period.ONGC reported a 1.6 percent slide in crude oil production in FY24 from last year despite the government’s call to boost domestic production to red...

Shares of Bharat Electronics Ltd (BEL) zoomed 8 percent to hit a fresh record high of Rs 283 apiece on NSE on May 21, a day after the company reported above-estimate earnings for the quarter ended March 2024, driven by better-than-expected EBITDA margin, PAT and strong revenue growth.Up-fronting of order inflows led to a beat in overall order inflows for the company.The state-owned company reporte...