Stocks

Shares of Deepak Nitrite fell over 5 per cent in early trade today after a massive fire incident

Shares of Deepak Nitrite fell over 5 per cent in early trade today after a massive fire incident

Shares of Deepak Nitrite fell over 5 per cent in early trade today after a massive fire broke out at the company's chemical manufacturing facility in the Nandesari industrial area on the outskirts of Vadodara (Gujarat) on Thursday evening. The stock has fallen after six days of consecutive gain. It opened with a loss of 4.66 per cent at Rs 1950 on BSE. Deepak Nitrite stock further fell 5.14 per cent to Rs 1,940 on BSE. The large-cap share trades higher than 5-day moving averages but lower…
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IRCTC’s net profit more than doubled during the January-March period to ₹214 crore: Dividend declared.

IRCTC’s net profit more than doubled during the January-March period to ₹214 crore: Dividend declared.

IRCTC's net profit more than doubled during the January-March period to ₹214 crore, compared with ₹104 crore in the corresponding period of last year. IRCTC, the catering and tourism arm of Indian Railways, reported 103% growth in revenue from operations to ₹691 crore in the fourth quarter as against ₹339 crore in the last year quarter. The company's board has recommended a dividend of ₹1.50 per share for the financial year 2021-22. On Monday, IRCTC's scrip rose 6.67% to settle at ₹696 on NSE. Segment wise, revenues…
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Broking Firm Emkay Global bets on Kalpataru Power.

Broking Firm Emkay Global bets on Kalpataru Power.

Broking firm Emkay Global is betting on the stock of Kalpataru Power Transmissions for solid returns. The firm has a buy on the stock of Kalpataru for an upside target of Rs 565 on the stock, as against the closing price of Rs 388 on Aug 27 (Friday), which implies gains of 44% per cent from current levels. Solid prospects for Kalpatru Power According to Emkay global, the company has strong prospects in T&D, Railways Pipeline. "Proven expertise and track record in the execution of EPC projects…
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