Reliance Industries Ltd surpassed market expectations in the fiscal fourth quarter, posting a net profit of Rs 21,243 crore, fueled by a rebound in its core oil-to-chemicals (O2C) business. Strong performances in the O2C, oil & gas, retail, and Jio segments also impressed analysts.Moreover, the reduction in RIL’s net debt resulting from capital raises and asset divestitures has boosted investors...

Shares of Tejas Networks zoomed 20 percent on April 23 to hit a 52-week high of Rs 1,088.25 on the NSE, a day after the company reported robust earnings for the quarter ended March 2024 with margins and revenue beating the Street estimates.At 10:11 am, shares of Tejas Networks locked at the 20 percent upper circuit There were pending buy orders of 25,679 shares, with no sellers available. In the l...

Shares of Bajaj Auto Ltd fell 3.5 percent to Rs 8,702 on April 19 as brokerages worried over the stock price outpacing their target prices and shared their concern over expensive valuations.Despite delivering a robust financial performance for Q4 FY24 and surpassing the Street estimates, the company faced downward pressure on its shares.As of 11 am, Bajaj Auto shares were trading 3 percent lower a...

Shares of Creative Graphics Solutions are listed at Rs 175 on the NSE SME platform, a premium of 106 percent over the issue price of Rs 85.The debut, however, fell short of expectations, as the stock was trading at a premium of 77.65 percent in the grey market which refers to unofficial, over-the-counter (OTC) transactions in a security before listing on the exchanges.The Rs 54.40-crore IPO was su...

In cryptocurrencies, Bitcoin price today plunged to below $38,000 level. The world's largest and most popular cryptocurrency was trading a per cent lower at $37,972. The global crypto market’s value today slipped more than 1% in the past 24 hours to $1.81 trillion, according to pricing from CoinGecko.Bitcoin has been struggling along with risk assets in recent months. It’s largely traded in a ...