Lowe's Financial News

Supreme Court Monday warned the states, which are yet to submit their response to the Centre on forming a uniform national policy on menstrual hygiene for girls studying in schools, it will take recourse to the «coercive arm of law» if they failed to do so by August 31. The warning came after the Centre informed the apex court it has so far received the response of only four states. A bench headed by Chief Justice D Y Chandrachud directed the states and Union Territories (UTs), which have failed to submit their responses, to do so positively by August 31. «The states which are in default are placed on notice that should there be any further default, this court will be constrained to take recourse to the coercive arm of law,» said the bench, also comprising Justices J B Pardiwala and Manoj Misra. Additional Solicitor General Aishwarya Bhati, appearing for the Centre, told the bench the central government has so far received inputs from only four states — Haryana, Delhi, West Bengal and Uttar Pradesh. The apex court had on April 10 asked the Centre to prepare a Standard Operating Procedure (SOPs) and formulate a national model to be adopted by all states and UTs for managing the menstrual hygiene of girls studying in schools.

PNB Housing Finance Ltd on Monday reported an 47.8% year-on-year rise in its consolidated net profit after tax for the fiscal's first quarter ended June (Q1FY24) to ₹347.32 crore. The company had reported a profit of ₹234.96 crore in the year-ago period.

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₹779.95 apiece on BSE, the stock hit an intraday high at ₹908.40 and low at ₹774.35. According to the company's exchange filing, its profit after tax (PAT) for the quarter ended in June of fiscal 2024 climbed 40.3% year over year (YoY) to ₹35 crores, and PAT margins increased by 77 basis points YoY to 4.2% in Q1 FY24. Operating Revenues jumped by 14.8% YoY to ₹8,23.4 crore in Q1 FY24 from ₹7,17.0 crore in Q1 FY23.

Multibagger stock: Shares of Servotech Power Systems are one of the multibagger stocks that Indian stock market has delivered in 2023. This multibagger small-cap stock has delivered 430 per cent return in YTD whereas it has given to the tune of 1,350 per cent return to its positional investors in last one year. But, it seems that there is still much steam left in this multibagger small-cap stock.

Vedanta share price fell over 2% on Monday's trading session after the company's 1FY24 numbers fell in short of the street's expectations and dismayed investors. Vedanta Limited recorded a 40% (YoY) fall in net consolidated profits from 5,592 crore to 3,308 crore in its first quarter results, which were released on Friday. The company's sales decreased by 13% from 38,251 crore in the first quarter of FY23 to 33,242 crore in the first quarter of FY24.

In cryptocurrency's ever-evolving landscape, Bitcoin's price continues to capture attention as it trades at $29,723, experiencing a slight decrease of nearly 0.50% on Monday.

Shriram Finance Ltd. slipped 0.6 per cent to Rs 1821.7 in Monday's trade as of 01:38PM (IST). The stock hit a high price of Rs 1848.0 and low of Rs 1797.55 during the session.

SRF Ltd. fell 1.11 per cent to Rs 2189.6 in Monday's trade as of 01:28PM (IST) even as the benchmark Nifty ruled at 19757.15, up 12.15 points. The scrip had closed at Rs 2214.0 in the previous session.

Singapore, along with six co-passenger satellites, from ISRO's Sriharikota spaceport on July 30. The satellites would be launched from the first launchpad at 6.30 am, the space agency said. The DS-SAR satellite is developed under a partnership between Singapore's Defence Science and Technology Agency (DSTA) (representing the Government of Singapore) and ST Engineering. Once deployed and operational, it will be used to support the satellite imagery requirements of various agencies within the Government of Singapore. ST Engineering will use it for multi-modal and higher responsiveness imagery and geospatial services for their commercial customers. DS-SAR carries a Synthetic Aperture Radar (SAR) payload developed by Israel Aerospace Industries (IAI). This allows the DS-SAR to provide for all-weather day and night coverage, and capable of imaging at one metre resolution at full polarimetry. The NewSpace India Limited (NSIL), a central public sector undertaking under the Department of Space, procured the PSLV-C56 to deploy the 360-kg DS-SAR satellite from DSTA & ST Engineering, Singapore, the Indian Space Research Organisation (ISRO), the national space agency headquartered here, tweeted on Monday.

Marico Ltd. dropped 0.41 per cent to Rs 536.7 at 01:33PM (IST) in Monday's trade. The scrip hit a high of Rs 540.5 and low of Rs 531.3 so far during the session.

Investing.com — Most Asian currencies moved little on Friday, while the dollar held on to recent gains as markets hunkered down before a string of central bank meetings this week, most notably the Federal Reserve.

₹38,093 crore, essentially flat year-on-year (YoY) and sequentially. Revenues at ₹2.07 trillion were down 5% YoY. Analysts have cut earnings estimates of the company.

NHPC share price rose over 5.5% to touch 52-week high on Monday's trading session following approval of the allocation of two power projects by the Arunachal Pradesh government on Friday. NHPC shares opened at ₹47.59 apiece on BSE. The stock hit intraday high at ₹47.59 and intraday low at ₹47.39.

Birlasoft share: Following weakness in IT stocks after weak Q1 results 2023 by leading Indian IT companies — Infosys, TCS, Wipro and HCL Tech — Birlasoft shares witnessed huge sell off pressure during early morning deals on Monday. However, Birlasoft share price bounced back strongly from intraday lows after announcement of IT company collaborating with Microsoft to establish generative AI centre of excellence, driving value creation and innovation.

Info Edge (India) Ltd. traded at Rs 4585.35 on BSE at 12:17PM (IST) on Monday, down 1.43 per cent. The stock quoted a 52-week low price of Rs 3310.0 and a high of Rs 4765.9.

Crompton Greaves Consumer Electricals Ltd. traded at Rs 290.45 on BSE at 12:32PM (IST) on Monday, down 0.11 per cent from previous close. The scrip quoted a 52-week low price of Rs 251.25 and a high of Rs 428.8.

Tata Elxsi Ltd. fell 0.62 per cent to Rs 7266.0 in Monday's session as of 12:22PM (IST) even as the equity benchmark Sensex traded 123.32 points lower at 66560.94. Earlier in the day, the stock witnessed a gap up start to the session.

DLF Ltd. traded 0.08 per cent lower in Monday's session at 11:05AM (IST).

Punit Balan Group, with interests in real estate, entertainment, and sports, is planning to buy franchises in the Pro Kabaddi League (PKL) and Caribbean Premier League (CPL), according to sources close to the development. «The group is in the advanced stages of negotiations to buy a team in PKL. It is also eyeing a franchise in the CPL,» one of the sources said.