Small-cap stock below 100: Sigachi Industries Ltd announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Saturday, May 31, reporting a net profit of â‚ą697.78 lakh compared to â‚ą1,172.93 lakh in the corresponding period last year. The Hyderabad-based BSE Smallcap company said that its reported a consolidated net profit of â‚ą22.67 crore in Q4,…
OPEC+ agreed to hike July oil output by 411,000 barrels per day (bpd) on Saturday, the same as in May and June, after the group of oil-producing countries looks to grab back market share and punish over-producing members. According to Reuters, eight OPEC+ members of the group are unwinding 2.2 million bpd in voluntary curbs…
Investment word of the day: An investment approach that chooses securities based on specific characteristics that determine risk and return is known as factor investing. It aims to boost returns, manage risks and enhance diversification by strategically focusing on particular factors. Types of factors The two major types of factors that influence investments are macroeconomic…
The credit growth of banks declined to 9.8 per cent in May 2025 from 19.5 per cent during the same period the previous year, according to a report by the State Bank of India (SBI), indicating a slowdown in lending activities across the country. “Scheduled commercial banks‘ (SCBs) credit growth slowed to 9.8 per cent…
Aegis Vopak Terminals, the provider of storage terminals for LPG and various liquid products, and Schloss Bangalore Ltd, the operator of the luxury hotels brand “The Leela” in India, are set to make their debut in the Indian stock market next week after a muted response to their initial public offerings (IPO). Aegis Vopak Terminals…
Scoda Tubes IPO Allotment: The initial public offering (IPO) of stainless-steel tubes and pipes manufacturer Scoda Tubes Ltd received strong demand from investors. With the subscription period ending, focus now shifts towards Scoda Tubes IPO allotment date, which is expected to be June 2. The public issue was launched on May 28 and the bidding…
Top News India’s Gross Domestic Product (GDP) registered a robust growth of 7.4% in the January–March quarter of the financial year 2024–25, surpassing market expectations and marking the highest quarterly growth in the past year. This strong performance reflects the continued momentum in economic activity, driven by resilient domestic demand, increased government spending, and a…
But recently, FMCG companies have been facing a new wave of margin pressure. From rising input costs to subdued demand, multiple forces are compressing the profitability for companies, and the markets are taking notice. Market acknowledgement of this fact is reflected in the performance of the FMCG index. Looking at the broader markets over the…
Gold and silver prices in your city today, on May 31: US President Donald Trump has deferred his decision regarding tariffs on the European Union until July 9. Concurrently, he has accused China of breaching the trade deal. Amid these uncertainties over trade policies, gold prices are expected to remain in a state of fluctuation….
Bank holiday today: Banks across India are scheduled to remain open today, May 31, as it is the fifth Saturday of the month. Banks are typically closed on the weekends except on the first, third, and fifth Saturdays of a month. According to the Reserve Bank of India calendar( RBI), banks are closed on the…
