Financial services firm JM Financial has given a 'buy' recommendation to potential investors for Reliance Industries' shares after the Indian conglomerate posted healthy January-March quarter earnings.
Indian stock indices opened Monday's trade on a firm note after closing largely steady last week. At 9.26 am, benchmark domestic indices Sensex and Nifty traded 0.3 per cent up from their previous closing.
The telecommunication firm's gross revenue went up 14.3 per cent to Rs 29,871 crore in the reviewed quarter, against Rs 26,139 crore in the corresponding quarter the previous year. Its revenue from operations rose 14.4 per cent to Rs 25,465 crore, against Rs 22,261 crore in the year-ago peri
Reliance Industries (RIL) has posted an 18.3 per cent jump in its profit after tax to Rs 21,327 crore for the quarter ended March 31, 2023, against Rs 18,021 crore in the year-ago period
BSE Sensex lost 28 points to 59,612.07 and NSE Nifty declined 17 points to 17,607.30 at 11.20 am on Friday. Sectoral indices of Oil & Gas, FMCG, IT, Telecommunication were in the positive territory while Auto, Bankex, Power and Realty on BSE were in the negative territory.
JPMorgan Chase, the country's largest bank, reported a USD 12.6 billion net profit for the first quarter of 2023, up 52 per cent from a year earlier. Earnings per share jumped 56 per cent to USD 4.10.
Despite being the only waste entrepreneur in Trashiyangtse today, Tshering's business has created income-earning opportunities for the local people while making the town much cleaner than it was a few years ago.
The indices extended gains for the sixth session in a row, as the central bank made a surprise decision of keeping the repo rate unchanged to assess the effects of the policy rate tightening so far.