Shares of BEML Ltd rose over 2 percent on May 13 as the company reported 62.9 percent year-on-year growth in consolidated net profit at Rs 256.8 crore for the quarter ended March 2024, led by healthy operating numbers. Its revenue from operations grew by 9 percent YoY to Rs 1,513.7 crore.The company's EBITDA surged 29.2 percent to Rs 370.4 crore, with an improvement in margins to 24.5 percent from...

Piramal Pharma shares zoomed 10 percent in opening trade and hit a 52-week high of Rs 166.70 on May 13 as investors cheered for the drugmaker's solid all-around performance in the January-March quarter.At 09.49 am, shares of Piramal Pharma were trading at Rs 163.95 apiece on the NSE. Trading volumes were sharply high in the counter as two crore shares changed hands on the exchange so far, signific...

Shares of ABB India jumped over 7 percent to scale a fresh high of Rs 7,791.50 on the National Stock Exchange (NSE) on May 13, after the company's March quarter earnings beat Street expectations.Analysts remained bullish on the stock as the electrification and automation major reported an 82 percent year-on-year rise in its net profit at Rs 467 crore on higher revenue.The engineering company's tot...

India Infradebt is planning to raise Rs 1,000 crore through bonds maturing in about two and half years, sources have said.The bidding will take place between 11 am and 12.30 pm on the electronic bidding platform of BSE. Bonds consist of a fixed coupon of 8.2450 percent and an XIRR (Extended Internal Rate of Return) of 8.28 percent.The bond issue has a base issue size of Rs 500 crore with an additi...

Timing it rightIt is impossible to catch the top or bottom as the stock market adage goes, but Tata Sons seems to have come pretty close. From the day it sold a piece of its stake in TCS to institutional investors in March at Rs 4001 apiece through a block deal, the stock price has rarely topped that level. This is causing heartburn to some domestic mutual funds that had enthusiastically participa...