Shares of Mazagon Dock Shipbuilders surged 6 percent on January 16 to hit a fresh record high of Rs 2,492 on the National Stock Exchange (NSE) amid high volumes. A total of 27 lakh shares of the firm changed hands on BSE and NSE combined, higher than the 1-week and 1-month average volumes of 14 lakh and 20 lakh shares respectively.The sharp rally drove the market cap of Mazagon Dock to Rs 49,293 c...

MUMBAI: Markets are likely to consolidate on Friday while trends in SGX Nifty suggest a flat opening of Indian benchmark indices. On Thursday, the BSE Sensex ended at 54,843.98, up 318.05 points or 0.58% and the Nifty was at 16,364.40, up 82.15 points or 0.50%.Most Asian equity markets continued to ignore record highs hit elsewhere in the world and fell in early trading on Friday, though Australia...

Indian Railway Finance Corporation (IRFC) on Tuesday reported a Q4 standalone net profit at Rs1,482.5 crore as compared to Rs654.6 crore in the same quarter last year. The revenue witnessed a growth of 39% at Rs4,455 crore as against Rs3,205 crore year-on-year (YoY).Shares of IRFC surged after the earnings announcement as it was up nearly 5% to Rs25.95 per share on the BSE on Tuesday.The company's...

MUMBAI: FTSE has included newly listed stocks Gland Pharma and Indian Railway Finance Corporation (IRFC) in its All World index as part of its quarterly rebalancing review released on Saturday. FTSE will also implement the fourth and final tranche of India Foreign Ownership Limit (FOL) changes. All changes will be effective 21 June.In the quarterly reviews, FTSE only considers initial public offer...

MUMBAI : The Indian Railway Finance Corporation (IRFC), the financing arm of the Indian Railways, has raised 20-year money at 18 basis points lower than what the sovereign bonds offer. The government-owned firm has raised Rs1,375 crore through 20-year bonds at 6.8%. In contrast a government paper maturing in 2041 offers an annualized yield of about 6.90%.“The aforesaid bond issuance received a v...