The net profit skyrocketed 544.78 per cent in FY22 compared to FY21. 

Watch out for these large-cap stocks in Thursday’s trading session!

Finance Minister Nirmala Sitharaman presents Union Budget 2023.

Finance Minister Nirmala Sitharaman presents Union Budget 2023.

About 2,301 shares have advanced, 1,101 declined and 150 are unchanged on BSE.

Rs 35,000 crore will be allocated for the energy transition

The government has allocated Rs 20,000 crore towards building hydrogen economy in India

The company declared an interim dividend of 200 per cent, i.e, Rs 4 per share

Among the Nifty top gainers were Mahindra & Mahindra, Ultra Tech Cement, SBI, Adani Enterprises and Adani Ports while Bajaj Finance, TCS, Tech Mahindra, Britannia and Sun Pharma were among the top losers

Watch out for these large-cap stocks in Wednesday’s trading session!

Shares soared more than 108 per cent in just one month after hitting back-to-back upper circuits!

Today, the Indian benchmark indices were trading flat and BSE Telecommunication Index was leading the gainers on the second straight day. 

The important point is the fact after Adani Enterprises’ inclusion in the Nifty50 index, it forced exchange-traded funds (ETFs) and index funds- on which rides a lot of pension money to buy the stock that traded at an astronomically high P/E multiple.

The core equity indices, i.e., Sensex and Nifty ended on a higher note on Budget Day.  

Sensex went up by 848.40 points or 1.46 per cent. The top five gainers from the pack were Tata Steel, Sun Pharmaceuticals, IndusInd Bank, Larsen & Toubro, and UltraTech Cement. Meanwhile, on the flip side, the top losers included Mahindra & Mahindra, Power Grid Corporation of India, SBI, Bharti Airtel, and NTPC.  

It was a splendid recovery by the indices as Nifty rose from its day’s low by about 300 points.

The Union Budget is one of the biggest events for the stock market every year. Investors keenly look forward to the announcements made by the finance minister to understand which sectors are being prioritized by the government.