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Silver futures gain: Price movement and analysis

12Aug

By editorNo Comments

Business, News

Silver futures gain: Price movement and analysis

New Delhi, Silver prices rose by Rs 423 to Rs 1,13,719 per kg in futures trade on Tuesday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 423, or 0.37 percent, to Rs 1,13,719 per kg in a business turnover of 15,593 lots. Analysts said fresh deals by participants led to the rise in silver prices. However, silver was trading 0.83 percent higher at $37.92 per ounce in New York.

Groovy India’s first quarter profit raised 6 times

11Aug

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Groovy India’s first quarter profit raised 6 times

New Delhi, Realty company Groovy India Limited reported a net profit of Rs 1.1 crore in the first quarter of the current financial year. The Delhi-based company, listed on the stock exchanges, had a net loss of Rs 25 lakh in the same quarter last year. Groovy said in a statement on Monday that total revenue in the April-June quarter of this financial year increased to Rs 8.3 crore from Rs 1.3 crore in the same period last year. Founded in 1985, Groovy India is a real estate development and consulting company. It has completed more than 100 projects (independent floors) mainly in South Delhi. The company is developing luxury apartments of more than 1 lakh sq ft in South Delhi.

11Aug

By Purbalee DuttaNo Comments

News

PG Electroplast Shares Fall 17%

Shares of PG Electroplast plunged another 18% on Monday, August 11, extending their 23% crash on Friday — the steepest single-day drop in the company's history. The continued sell-off followed disappointing June quarter earnings and a significant downgrade in full-year guidance. As a result, the stock has now lost nearly 50% year-to-date. Earlier in the day, around 1.04 crore shares, representing 3.7% of the company’s equity, were traded via multiple block deals at an average price of ₹500 per share, amounting to a transaction value of ₹526 crore. Despite the steep fall, brokerage firm Nuvama has retained its “buy” rating on PG Electroplast, though it slashed the price target by 35% to ₹710 from ₹1,100, implying a 25% upside from Friday’s closing. The brokerage also cut FY26 EPS ...

Silver futures rose: Prices gain on new deals

8Aug

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Silver futures rose: Prices gain on new deals

New Delhi, Silver prices rose by Rs 680 to Rs 1,14,966 per kg in futures trade on Friday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contract for September delivery rose by Rs 680, or 0.59 percent, to Rs 1,14,966 per kg in a business turnover of 15,933 lots. Analysts said buying of new deals by participants led to the rise in silver prices. However, silver was trading 0.16 per cent lower at $38.32 per ounce in New York.

Shares of state-owned BHEL downgrade 7% as net loss widens in June quarter; see all Q1 numbers

7Aug

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Shares of state-owned BHEL downgrade 7% as net loss widens in June quarter; see all Q1 numbers

Shares of state-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday, August 7, fell nearly 7% as the company's June quarter net loss widened due to higher expenses. BHEL on Wednesday reported that its consolidated net loss widened to ₹455.50 crore in the June quarter of FY2025-26 from a net loss of ₹211.40 crore in Q1 FY2025. Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period a year ago. However, total income rose marginally to ₹5,658.07 crore from ₹5,581.78 crore in the same quarter a year ago. Following the earnings, BHEL shares hit a low of ₹223.79 per share on Thursday. At the time of writing, the stock was trading 6.53% lower at ₹224.17 per share. The public sector company's total order inflow during the quarter stood at ₹13...

6Aug

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Zinc futures prices gain on demand

New Delhi, Zinc prices on Wednesday rose by 15 paise to Rs 265.20 per kg in futures trade amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose by 15 paise, or 0.06 percent, to Rs 265.20 per kg in a business turnover of 3,118 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a rise in demand from consumer industries, market sources said.

Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore

5Aug

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Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore

New Delhi, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 6.54 per cent rise in its consolidated net profit to Rs 3,310.60 crore in the June quarter of the current fiscal year on the back of increased income. The company had posted a net profit of Rs 3,107.23 crore in the April-June quarter of FY25, in a regulatory filing. Total income rose to Rs 9,422.18 crore in the quarter under review from Rs 8,054.18 crore in the year-ago quarter. Expenses also rose to Rs 5,731.88 crore during the period from Rs 4,238.94 crore in the year-ago quarter.

Copper futures prices gain on spot demand

4Aug

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Copper futures prices gain on spot demand

New Delhi, Copper futures prices on Monday rose 0.16 per cent to Rs 885.65 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for September delivery rose by Rs 1.45, or 0.16 per cent, to Rs 885.65 per kg in a business turnover of 1,206 lots. Analysts attributed the rise in copper prices to higher bets by participants.

ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y

2Aug

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ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y

India's leading fast-moving consumer goods (FMCG) company, ITC Ltd on Friday, August 1, reported a steady standalone net profit of ₹4,912 crore for the April-June quarter as against ₹4,917 crore in the same period last year. However, the company's operating revenue during the quarter under review grew 20% y-o-y to ₹21,059 crore as against ₹17,593 crore in the same period a year ago. This strong growth in revenue was led by cigarettes, agribusiness and FMCG. ITC reported stable operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA) grew 3% to ₹6,261 crore in Q1 FY26 from ₹6,086 crore in the same quarter last fiscal. In Q1 FY26, EBITDA margin declined to 30% from 34.5% in the same quarter last fiscal. ITC said it delivered strong perfo...

1Aug

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Maruti Suzuki July sales gain 3%

New Delhi, Maruti Suzuki India on Friday reported that total sales in July rose 3 percent year-on-year to 1,80,526 units, led by exports. The leading automaker had sold a total of 1,75,041 vehicles in the same month last year. Total domestic passenger vehicles dispatched to dealers grew marginally as compared to 1,37,463 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars such as Alto and S-Presso declined to 6,822 units from 9,960 units in July 2024. Sales of compact cars including Baleno, Dzire, Ignis and Swift rose to 65,667 units from 58,682 units a year ago. Sales of utility vehicles such as Grand Vitara, Brezza, Ertiga and XL6 stood at 52,773 units last month as against 56,302 units in July last year. Sales o...