Movers & Shakers | Top 10 stocks that moved the most last week
Experts feel the volatility will continue in the coming truncated week as we are moving closer to Budget and expiry of January derivative contracts. January 24, 2021 / 10:25 AM IST The BSE Sensex fell 156.13 points to 48,878.54 and the Nifty50 lost 61.80 points at 14,371.90, while the broader markets underperformed frontliners for the second consecutive week. Experts feel the volatility will continue in the coming truncated week as we are moving closer to Budget and expiry of January derivative contracts. Bajaj Auto | The stock gained over 14 percent after the two-wheeler manufacturer, clocked its highest ever standalone profit at Rs 1,556.3 crore in December 2020, rising 23.4 percent compared to the year-ago period, driven by volume growth and operating performance. Its revenue increased by 16.6 percent year-on-year to Rs 8,910 crore, which was also the highest for a quarter. Volumes grew by 9 percent YoY
The SEBI, in its letter of approval, listed a number of conditions in accordance to the Composite Scheme of Arrangement. The regulatory body has also referred to the apprehensions raised by Amazon.
Reliance Retail Q3 profit surges 88% to Rs 1,830 crore; generates 50,000 new jobs
Reliance Retail Q3 results: The company supported job creation in the economy during the coronavirus crisis and generated over 50,000 new jobs during April-December 2020 in consumer businesses and last mile delivery
Chitranjan Kumar | January 22, 2021 | Updated 21:52 IST
Reliance Retail reported 88.1 per cent quarter-on-quarter growth in consolidated net profit at Rs 1,830 crore in Q3 FY21
Reliance Retail, the retail arm of Mukesh Ambani-led Reliance Industries Limited (RIL), has delivered a record profit in an operating environment that continued to remain challenging with sporadic COVID related restrictions and local issues. The retail major reported 88.1 per cent quarter-on-quarter growth in consolidated net profit at Rs 1,830 crore for third quarter ended December 31, 2020. The company added over 50,000 new jobs during April-December period.
Reliance Retail Q3 profit surges 88% to Rs 1,830 crore; generates 50,000 new jobs
Reliance Retail Q3 results: The company supported job creation in the economy during the coronavirus crisis and generated over 50,000 new jobs during April-December 2020 in consumer businesses and last mile delivery
Chitranjan Kumar | January 22, 2021 | Updated 21:52 IST
Reliance Retail reported 88.1 per cent quarter-on-quarter growth in consolidated net profit at Rs 1,830 crore in Q3 FY21
Reliance Retail, the retail arm of Mukesh Ambani-led Reliance Industries Limited (RIL), has delivered a record profit in an operating environment that continued to remain challenging with sporadic COVID related restrictions and local issues. The retail major reported 88.1 per cent quarter-on-quarter growth in consolidated net profit at Rs 1,830 crore for third quarter ended December 31, 2020. The company added over 50,000 new jobs during April-December period.
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The Securities and Exchange Board of India (SEBI) has slapped Rs.15 crores on Reliance Industries Limited (RIL) Chairman Mukesh Ambani for alleged manipulative trading in shares of Reliance petroleum limited in 2007. The market regulator has also fined RIL Rs. 25 crores in the same case with a similar charge. SEBI has also levied fines of Rs 20 crore on Navi Mumbai SEZ and Rs 10 crore on Mumbai SEZ in along with Mukesh Ambani and RIL.
What is the issue?
As per a report in The Financial Express, the SEBI investigation related to the trading in the Reliance Petroleum Limited (RPL) scrip that was merged with RIL in 2009. In March 2007, the Board of RIL approved the operating plan for the year 2007-08 and capital requirements for the next two years, approximately Rs. 87,000 crore, among other items. RIL later agreed to sell about 5 percent of its RPL shareholding.