Reliance Industries Q1 Results: Net profit of ₹15,138 crore, revenue rises 11% from last year

July 19, 2024 by shyambobade12

Revenue for the period also increased to ₹2.32 lakh crore, up 11% from the ₹2.08 crore from the same period last year.

Reliance’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) saw growth of 2% year-on-year to ₹38,765 crore. EBITDA margin narrowed by 160 basis points from the year-ago period to 16.7% from 18.3% last year.

The company’s telecom vertical, Reliance Jio Infocomm, reported revenue of ₹26,478 crore during the June quarter, which is a growth of 10% compared to the same quarter last year.

Jio’s net profit also increased by 12% to ₹5,445 crore, while EBITDA margin expanded by 30 basis points to 52.6%.

Average Revenue per User (ARPU) for Reliance Jio was flat at ₹181.7, compared to ₹180.5 last year and ₹181.7 in the March quarter.

Total subscribers for Jio stood at 489.7 million from 448.5 million last year and 481.8 million in the March quarter.

Reliance Retail, which has been one of the key growth drivers for the Reliance Industries over the last few quarters reported revenue of ₹75,630 crore for the April-June period, which is a growth of 8.1% compared to the same period last year.

EBITDA for Reliance Retail increased to ₹5,672 crore from ₹5,151 crore in the same period last year. EBITDA margin also expanded by 10 basis points to 7.5% from 7.4%.

Reliance Industries’ O2C business reported revenue of ₹1.57 lakh crore, which is well above the ₹1.33 lakh crore it reported in the same period last year. EBITDA for the period though, stood at ₹13,093 crore, from the ₹15,271 crore figure it reported in the year-ago period.

For the Oil and Gas business, revenue increased to ₹6,179 crore from the ₹4,632 crore last year, while EBITDA increased to ₹5,210 crore from ₹4,015 crore. Margin stood at 84.3% from 86.7% year-on-year.

Shares of Reliance Industries had ended 1.78% lower on Friday at at ₹3,116.95. The stock had risen 7% in the month preceding its earnings.

Defence ministry’s ₹70,000 crore approval for Project 17B warships boosts MDL’s Kalvari class submarines, Project 15B destroyers, and GRSE’s patrol vessels and exports.

July 19, 2024 by shyambobade12

New Delhi :- defence ministry say Rs 70,000 Cr Ordered by Defese Garden rech shiping builder And Mazgon dock Shipping Service Hindust

Mazagon Dock Shipbuilders Limited: A Pillar of India’s Maritime Defense

Mazagon Dock Shipbuilders Limited (MDL), a prominent player in India’s shipbuilding industry, has carved a niche for itself through decades of excellence and innovation. Established in 1934, MDL has been instrumental in bolstering India’s naval capabilities by constructing state-of-the-art ships and submarines. This blog delves into the rich legacy, financial health, recent developments, and future prospects of Mazagon Dock Shipbuilders.

A Legacy of Maritime Excellence

Mazagon Dock Shipbuilders, headquartered in Mumbai, has a storied history of constructing a wide array of vessels, ranging from warships to submarines. Over the years, MDL has built and delivered numerous ships for the Indian Navy, Indian Coast Guard, and other clients, both domestic and international. The company’s expertise encompasses the construction, repair, and refitting of various types of vessels, making it a vital cog in India’s maritime defense machine

Financial Health and Stock Performance

As of July 2024, Mazagon Dock’s stock price stands at an impressive ₹5,130.7. This significant valuation is a testament to the company’s robust financial health and market confidence. Over the past year, the stock has surged by over 123%, reflecting investor optimism and the company’s strong performance.

Key Financial Indicators:
– Price-to-Earnings (PE) Ratio: At approximately 56.07, the PE ratio suggests that the stock might be overvalued compared to its earnings. Investors should weigh this factor when considering long-term investments.
– Return on Equity (ROE):An ROE of 28.61% highlights the company’s efficiency in generating profits from shareholders’ equity
– Current Ratio: With a current ratio of 1.08, MDL has a healthy liquidity position to meet its short-term liabilities.
– Debt-to-Equity Ratio: The company operates with zero debt, which underscores its strong financial stability and conservative capital structure.

Recent Developments and Strategic Initiatives

Mazagon Dock has been proactive in securing new contracts and expanding its operational capabilities. Some recent highlights include:
– New Contracts:The company recently signed significant contracts for constructing hybrid-powered vessels and received approvals for leasing land to expand its infrastructure.
– Management Changes: Effective July 2024, MDL has seen changes in its senior management, promoting experienced professionals to drive the company forward.

Technological Advancements and Innovation

Innovation has been at the core of MDL’s success. The company continuously invests in advanced technologies to enhance its shipbuilding processes. This includes adopting cutting-edge design software, state-of-the-art manufacturing techniques, and eco-friendly practices to build next-generation vessels that meet global standards.

Future Prospects

The future looks promising for Mazagon Dock Shipbuilders. With a robust order book and strategic plans to expand its capabilities, MDL is poised to play a pivotal role in India’s maritime defense strategy. The government’s focus on indigenization and self-reliance in defense production further augments MDL’s growth prospects.

Conclusion

Mazagon Dock Shipbuilders Limited stands as a beacon of India’s maritime prowess. Its unwavering commitment to quality, innovation, and excellence has cemented its position as a key player in the defense sector. As the company navigates the future, it continues to build on its rich legacy, contributing significantly to India’s defense capabilities and economic growth.

For more detailed financial information and updates on Mazagon Dock Shipbuilders, visit [MarketScreener](https://www.marketscreener.com) and [Ticker Finology](https://ticker.finology.in)

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) Stock Details

Overview:
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a public sector enterprise in India, specializing in shipbuilding and engineering services, primarily for defense purposes. The company, established in 1934, operates in the Aerospace & Defense sector and offers various products and services including shipbuilding, repair, and refitting of naval vessels.

Stock Performance:
As of July 2024, GRSE’s share price stands at ₹2,509.20. Over the past six months, the share price has increased by 187.24%, and in the last year, it has surged by 319.31%. The stock hit a 52-week high of ₹2,833.80 and a low of ₹577.05. This significant increase in stock price is attributed to several factors including new contracts and strong financial performance.

Financial Performance:
– Revenue: In FY 2023-2024, GRSE reported revenue of ₹3,592.6 crore, a 40% increase from the previous year.
– Profit After Tax (PAT): The company’s PAT rose by 57% year-over-year to ₹357.3 crore.
– EBITDA: GRSE’s EBITDA for FY 2023-2024 was ₹533.7 crore.
– Cash Flow:The company faced a negative cash flow from operating activities amounting to ₹706.89 crore but had positive cash flows from investment activities at ₹1,056 crore.

**Key Contracts and Orders:**
– In July 2024, GRSE signed a $21 million contract with Bangladesh’s Ministry of Defence for the construction of an advanced ocean-going tug.
– The company also secured a $54 million order from Germany for the construction of four multi-purpose vessels.
– A notable order worth ₹451.23 crore was received for constructing and delivering four multi-purpose vessel.

Market Cap and Shareholding:
– Market Cap: ₹28,743.4 crore as of July 19, 2024.
– Shareholding:Promoters hold 74.5%, Foreign Institutional Investors (FII) hold 3.91%, Domestic Institutional Investors (DII) hold 3.2%, and retail and others hold 18.38%.

Board of Directors:
– Commodore P R Hari: Chairman & Managing Director
– Mr. Ramesh Kumar Dash: Director – Finance & CFO
– Mr. Shantanu Bose: Director – Shipbuilding
– Mr. DIG Subrato Ghosh: Director – Personnel.

Recent Developments:
– GRSE’s stock has seen a substantial rise, attributed to consistent order wins and strong financial performance. The company enjoys a robust order book of ₹22,652.68 crore and is experiencing positive investor sentiment.

For more detailed financials and stock updates, you can visit [ETMoney](https://www.etmoney.com) and [NSE India](https://www.nseindia.com).

Crowd Strike Solve Microsoft outage Microsoft says ‘underlying cause’ fixed Nasdaq

July 21, 2024July 19, 2024 by shyambobade12

Microsoft outage LIVE updates: Microsoft said on Thursday it was investigating issues with its cloud services in the Central US region, which has disrupted services worldwide. Major airlines across the world said that the outage has adversely affected their Flight issue create Akasa Airlines announced that some of its online services will be temporarily unavailable at the Mumbai and Delhi airports. Spicejet also said in a statement that it is currently facing a technical issue in providing flight updates.

Indigo airlines also said that its systems are currently impacted by a Microsoft outage. “During this time booking, check-in, access to your boarding pass, and some flights may be impacted,” it said in a statement.

Globally, US-based Frontier Airlines, a unit of Frontier Group Holdings Inc., grounded flights for over two hours and attributed the cause to issues with Microsoft’s services.

The outage also affected reservations and bookings for another discount carrier, Allegiant Air, which operates around 130 aircraft and said it’s working on resolving issues.

News outlets in Australia also reported that airlines, telecommunications providers and banks, and media broadcasters were disrupted as they lost access to computer systems. Some banks in New Zealand said they were also offline.

As of now, the share price of Microsoft (MSFT) is approximately $440.37. Analysts have a positive outlook on the stock, with a consensus rating of “Strong Buy.” The average 12-month price target from 34 analysts is $490, predicting an increase of around 11.27% from the current price. The highest price target is $600, while the lowest is

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications. The Intelligent Cloud segment consists of Server products and cloud services, including Azure and other cloud services, SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs), and Nuance and GitHub, Enterprise Services, including Enterprise Support Services, Microsoft Consulting Services, and Nuance professional services. The More Personal Computing segment consists of Windows, including Windows OEM licensing and other non-volume licensing of the Windows operating system, Windows Commercial, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings, patent licensing, and Windows Internet of Things, Devices, including Surface and PC accessories, Gaming, including Xbox hardware and Xbox content and services, comprising digital transactions, Xbox Game Pass and other subscriptions, video games, third-party video game royalties, cloud services, and advertising, Search and news advertising. The company was founded by Paul Gardner Allen and William Henry Gates, III in 1975 and is headquartered in Redmond, WA.

NAME	CHG %	MARKET CAP
Apple Inc.	-2.05%	$3.51T
Alphabet Inc. Cl C	-1.86%	$2.2T
Alphabet Inc. Cl A	-1.84%	$2.2T
Salesforce Inc.	-1.54%	$243.43B
Oracle Corp.	-0.88%	$383.78B
Broadcom Inc.	2.91%	$747.2B
Cisco Systems Inc.	-0.99%	$195.48B
SAP SE	-0.76%	€213.89B
Sony Group Corp.	-3.33%	¥18.02T
International Business Machines Corp.	-1.19%	$172.19B

Microsoft stock price stood at $453.96

According to the latest long-term forecast, Microsoft price will hit $500 by the end of 2024 and then $600 by the end of 2026. Microsoft will rise to $700 within the year of 2027, $800 in 2028, $900 in 2029, $1000 in 2030, $1100 in 2031, $1200 in 2033, $1300 in 2034 and $1400 in 2036.

Year	Mid-Year	Year-End	Tod/End,%
2024	$457	$510	+12%
2025	$516	$543	+20%
2026	$585	$690	+52%
2027	$711	$719	+58%
2028	$800	$880	+94%
2029	$883	$955	+110%
2030	$1,027	$1,098	+142%
2031	$1,121	$1,145	+152%
2032	$1,170	$1,196	+163%
2033	$1,223	$1,251	+176%
2034	$1,280	$1,311	+189%
2035	$1,343	$1,377	+203%
2036	$1,413	$1,451	+220%

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $453.96, so the price increased by 21% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $510 – and the year to year change +36%. The rise from today to year-end: +12%. In the first half of 2025, the Microsoft price will climb to $516; in the second half, the price would add $27 and close the year at $543, which is +20% to the current price.

The short-term forecast:

Monday, Jul 22 – $455
Tuesday, Jul 23 – $455
Wednesday, Jul 24 – $456
Thursday, Jul 25 – $456
Friday, Jul 26 – $456
August 15 – $463
September 15 – $474
October 15 – $484
November 15 – $494
December 15 – $505

Microsoft Stock Forecast 2026-2030

These five years would bring a significant increase: Microsoft price would move from $543 to $1,098, which is up 102%. Microsoft will start 2026 at $543, then soar to $585 within the first six months of the year and finish 2026 at $690. That means +52% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $1,098 to $1,377, which is +25%. Microsoft will start 2031 at $1,098, then soar to $1,121 within the first half of the year, and finish 2031 at $1,145. It is about +152% from today.

The forecast is updated on daily basis.

Historical Forecasts

07/08/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $467.56, so the price increased by 24% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $541 – and the year to year change +44%. The rise from today to year-end: +16%. In the first half of 2025, the Microsoft price will climb to $547; in the second half, the price would add $28 and close the year at $575, which is +23% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring a significant increase: Microsoft price would move from $575 to $1,167, which is up 103%. Microsoft will start 2026 at $575, then soar to $620 within the first six months of the year and finish 2026 at $732. That means +57% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $1,167 to $1,462, which is +25%. Microsoft will start 2031 at $1,167, then soar to $1,191 within the first half of the year, and finish 2031 at $1,216. It is about +160% from today.

07/01/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $374.51. Today, Microsoft traded at $446.95, so the price increased by 19% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $531 – and the year to year change +42%. The rise from today to year-end: +19%. In the first half of 2025, the Microsoft price will climb to $544; in the second half, the price would add $57 and close the year at $601, which is +34% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $601 to $1,016, which is up 69%. Microsoft will start 2026 at $601, then soar to $653 within the first six months of the year and finish 2026 at $688. That means +54% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $1,016 to $1,274, which is +25%. Microsoft will start 2031 at $1,016, then soar to $1,037 within the first half of the year, and finish 2031 at $1,059. It is about +137% from today.

06/24/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $449.78, so the price increased by 20% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $469 – and the year to year change +25%. The rise from today to year-end: +4%. In the middle of 2024, we expect to see $458. In the first half of 2025, the Microsoft price will climb to $518; in the second half, the price would add $45 and close the year at $563, which is +25% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $563 to $894, which is up 59%. Microsoft will start 2026 at $563, then soar to $593 within the first six months of the year and finish 2026 at $603. That means +34% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $894 to $1,127, which is +26%. Microsoft will start 2031 at $894, then soar to $913 within the first half of the year, and finish 2031 at $933. It is about +107% from today.

06/17/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $442.57, so the price increased by 18% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $466 – and the year to year change +24%. The rise from today to year-end: +5%. In the middle of 2024, we expect to see $455. In the first half of 2025, the Microsoft price will climb to $515; in the second half, the price would add $45 and close the year at $560, which is +27% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $560 to $890, which is up 59%. Microsoft will start 2026 at $560, then soar to $590 within the first six months of the year and finish 2026 at $600. That means +36% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $890 to $1,120, which is +26%. Microsoft will start 2031 at $890, then soar to $909 within the first half of the year, and finish 2031 at $929. It is about +110% from today.

06/10/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $423.85, so the price increased by 13% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $444 – and the year to year change +18%. The rise from today to year-end: +5%. In the middle of 2024, we expect to see $433. In the first half of 2025, the Microsoft price will climb to $491; in the second half, the price would add $43 and close the year at $534, which is +26% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $534 to $847, which is up 59%. Microsoft will start 2026 at $534, then soar to $562 within the first six months of the year and finish 2026 at $572. That means +35% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $847 to $1,066, which is +26%. Microsoft will start 2031 at $847, then soar to $865 within the first half of the year, and finish 2031 at $884. It is about +109% from today.

06/03/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $415.61, so the price increased by 11% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $455 – and the year to year change +21%. The rise from today to year-end: +9%. In the middle of 2024, we expect to see $444. In the first half of 2025, the Microsoft price will climb to $503; in the second half, the price would add $44 and close the year at $547, which is +32% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $547 to $870, which is up 59%. Microsoft will start 2026 at $547, then soar to $576 within the first six months of the year and finish 2026 at $586. That means +41% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $870 to $1,096, which is +26%. Microsoft will start 2031 at $870, then soar to $888 within the first half of the year, and finish 2031 at $907. It is about +118% from today.

05/27/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $430.16, so the price increased by 14% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $458 – and the year to year change +22%. The rise from today to year-end: +6%. In the middle of 2024, we expect to see $436. In the first half of 2025, the Microsoft price will climb to $494; in the second half, the price would add $92 and close the year at $586, which is +36% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $586 to $950, which is up 62%. Microsoft will start 2026 at $586, then soar to $604 within the first six months of the year and finish 2026 at $611. That means +42% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $950 to $1,197, which is +26%. Microsoft will start 2031 at $950, then soar to $970 within the first half of the year, and finish 2031 at $991. It is about +130% from today.

05/20/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $420.21, so the price increased by 12% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $444 – and the year to year change +18%. The rise from today to year-end: +6%. In the middle of 2024, we expect to see $422. In the first half of 2025, the Microsoft price will climb to $479; in the second half, the price would add $89 and close the year at $568, which is +35% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $568 to $920, which is up 62%. Microsoft will start 2026 at $568, then soar to $585 within the first six months of the year and finish 2026 at $592. That means +41% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $920 to $1,158, which is +26%. Microsoft will start 2031 at $920, then soar to $939 within the first half of the year, and finish 2031 at $959. It is about +128% from today.

05/13/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $414.74, so the price increased by 10% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $442 – and the year to year change +18%. The rise from today to year-end: +7%. In the middle of 2024, we expect to see $420. In the first half of 2025, the Microsoft price will climb to $477; in the second half, the price would add $89 and close the year at $566, which is +36% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $566 to $918, which is up 62%. Microsoft will start 2026 at $566, then soar to $583 within the first six months of the year and finish 2026 at $590. That means +42% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $918 to $1,155, which is +26%. Microsoft will start 2031 at $918, then soar to $937 within the first half of the year, and finish 2031 at $957. It is about +131% from today.

05/06/2024

Microsoft Stock Price Forecast 2024-2025

Microsoft price started in 2024 at $376.04. Today, Microsoft traded at $406.66, so the price increased by 8% from the beginning of the year. The forecasted Microsoft price at the end of 2024 is $436 – and the year to year change +16%. The rise from today to year-end: +7%. In the middle of 2024, we expect to see $415. In the first half of 2025, the Microsoft price will climb to $470; in the second half, the price would add $87 and close the year at $557, which is +37% to the current price.

Microsoft Stock Forecast 2026-2030

These five years would bring an increase: Microsoft price would move from $557 to $903, which is up 62%. Microsoft will start 2026 at $557, then soar to $574 within the first six months of the year and finish 2026 at $580. That means +43% from today.

Microsoft Stock Forecast 2031-2035

In this period, the Microsoft price would rise from $903 to $1,139, which is +26%. Microsoft will start 2031 at $903, then soar to $922 within the first half of the year, and finish 2031 at $942. It is about +132% from today.

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Gold Price High record Rs 75,000 per 10 grams leading to increase Size of Gold Loans

July 19, 2024July 19, 2024 by shyambobade12

The rise in gold prices has a significant impact on the demand for gold loans. Higher gold prices increase the value of gold collateral, allowing borrowers to access larger loan amounts. This dynamic has several implications for both borrowers and lenders in the gold loan market.

One of the most precious and expensive metals, gold is considered very significant in India and is also one of the prime investment options at the present time. Not just in the form of jewellery. but gold is also valued in forms of art and coins. Despite a continuous hike in gold prices, people in India continue to invest in gold on a regular basis. Gold prices in India keep changing due to multiple factors including global market condition and the strength of the US dollar, thus leaving varying impact from city to city depending on demand and supply in local markets. If you are also planning to invest in gold, consider taking a look at the following details.

Before knowing gold rates in India, it is important to know the difference between 24-carat and 22-carat gold. While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, 22-carat gold has traces of alloyed metals like silver or copper and has 91.67 percent pure gold.

According to the World Gold Council, gold loans have become increasingly popular in markets like India, where gold is a preferred asset for collateral

24 Carat Gold:

Bangalore: ₹76,272 per 10 grams
Chennai: ₹76,124 per 10 grams
Delhi: ₹75,533 per 10 grams
Kolkata: ₹75,089 per 10 grams
Mumbai: ₹76,050 per 10 grams

22 Carat Gold

Bangalore: ₹69,866 per 10 grams

Chennai: ₹69,730 per 10 grams

Delhi: ₹69,188 per 10 grams

Kolkata: ₹68,649 per 10 grams

Mumbai: ₹69,178 per 10 grams

### Future Demand for Gold

The future demand for gold is expected to remain strong due to several factors:

1. **Economic Uncertainty**: Gold is considered a safe-haven asset, and demand typically increases during times of economic instability and geopolitical tensions.
2. **Inflation Hedge**: As inflation concerns rise, investors turn to gold to preserve their wealth.
3. **Technological Uses**: Growing use in electronics, medical devices, and other technologies continues to drive demand.
4. **Cultural Significance**: In countries like India and China, gold remains a key part of cultural and religious practices, ensuring steady demand.

For more detailed insights, visit [World Gold Council](https://www.gold.org).

Infosys Share Price

July 19, 2024July 19, 2024 by shyambobade12

infosys Share Price Highlights : Infosys stock price went up today, 18 Jul 2024, by 1.93 %. The stock closed at 1725.8 per share. The stock is currently trading at 1759.15 per share. Investors should monitor Infosys stock price closely in the coming days and weeks to see how it reacts to the news

Infosys Share Price Today Live: Infosys has a 15.35% MF holding & 34.10% FII holding as per filings in the march quarter.

The MF holding has increased from 14.77% in december to 15.35% in march quarter.
The FII holding has increased from 33.69% in december to 34.10% in march quarter.

Infosys Share Price Today Live: Infosys achieved a ROE of 32.08% in the most recent fiscal year. The return on investment value was 28.39% in the last fiscal year. The consensus estimates suggest an ROE of 28.94% in the current fiscal year and 30.18% in the upcoming fiscal year.

Infosys share price in focus as jumps over 8% after Q1 results beat estimates

Infosys share price is expected to rise on Friday after its US-listed shares witnessed a sharp rally overnight after the announcement of its Q1 results. Infosys American depository receipts (ADRs) rallied over 8% on the New York Stock Exchange (NYSE) Thursday, its biggest single-day jump in four years after the IT services major beat its revenue estimates for the first quarter of FY25.

Infosys ADRs ended 8.38% at $22.50 during the normal trading hours on NYSE. It gained 0.22% in the after market hours trade and closed at $22.30.

The second largest IT services company in India, Infosys reported a consolidated net profit of ₹6,368 crore in the quarter ending June 30, 2024, registering a growth of 7.1% compared to ₹5,945 crore in the same period last year. However, the company’s bottom line declined 20.1% quarter-on-quarter (QoQ), primarily due to a tax refund boost in the previous quarter.

Infosys Q1FY25 revenue from operations increased 3.7% to ₹39,315 crore from ₹37,923 crore, QoQ. Infosys dollar revenue was at $4,714 million for the quarter, a 2.1% increase from $4,617 million in Q1FY24 and a 3.3% rise from $4,564 million in Q4FY24.

At the operational level, earnings before interest and taxes (EBIT) rose 8.8% to ₹8,288 crore, while EBIT margin improved by 100 bps QoQ to 21.7%.

Infosys raised its revenue growth guidance for FY25, while retaining its margin guidance. The IT major anticipates a constant currency revenue growth of 3% – 4% in FY25 as compared with 1-3% estimated earlier and also projected an operating margin ranging from 20% to 22% for the current financial year.

“We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution”, said Salil Parekh, CEO and MD. “With our focused approach for generative AI for enterprises working with their data sets on a cloud foundation, we have strong traction with our clients. This is building on our Topaz and Cobalt capabilities” he added.

Operating margin came in at 21.1 per cent, up 30 basis points over 20.8 per cent in the year-ago quarter. Sequentially, 100 basis. Analysts had expected YoY margin to stay flattish. The second largest IT software exporter gave a revenue growth guidance of 3-4 per cent for FY25 in constant currency (CC) terms. It suggested operating margin of 20-22 per cent for FY25. The IT firm had suggested FY25 revenue growth guidance of 1-3 per cent early.

For the June quarter, Infosys reported 3.6 per cent QoQ and 2.5 per cent YoY revenue growth in CC terms. Infosys said its large deal wins stood at $4.1 billion. This was below analyst estimates of $5 billion. Infosys said its free cash flow stood at Rs 9,155 crore, up 59.2 per cent YoY.

Infosys’ total employee stood at Rs 3,15,332, down 3,17,240 over March quarter. Voluntary Attrition (%) 12.7 per cent against 12.6 per cent in March and 17.3 per cent in the June quarter of last year.

“Our relentless drive on cost optimization through Project Maximus, a comprehensive margin expansion program, is reflected in the all-round improvement in key operating metrices leading to 1 per cent growth in operating margin in Q1”, said Jayesh Sanghrajka, CFO. “We had the highest ever FCF generation at $1.1 billion and ROE increased to 33.6% due to higher payouts to investors”, he added.

The IT major will host a press conference at 4.30 pm and a 60-minute conference call later in the day at 6 pm.

Ola Electric Vehical India

July 19, 2024 by shyambobade12

Ola Electric Vehicle (EV)

Ola Electric is a leading electric vehicle manufacturer in India, known for its innovation in the electric mobility sector. Here’s a detailed look at Ola Electric, focusing on its product lineup, technological advancements, market impact, and future plans

Ola S1 and S1 Pro:

Ola S1 X : The entry-level model with features such as a top speed of 90 km/h, a range of up to 121 km on a single charge, and rapid acceleration.
Price of Ola S1X Rs..74,999
Ola S1 Pro: The premium model offering a higher top speed of 115 km/h, a range of up to 181 km, and additional features like Hyper Mode for faster acceleration.
Price Of Ola Pro Rs..1,28,999
The Ola S1 Pro is a high-performance electric scooter from Ola Electric, designed to offer a blend of power, range, and smart features. It stands out in the market for its advanced technology, impressive specifications, and sustainable design.

Key Specifications:
1. Performance:
  - Top Speed: 115 km/h
  - Acceleration: 0-40 km/h in 3 seconds
  - Motor Power: 8.5 kW peak power
2. Range:
  - Claimed Range: Up to 181 km on a single charge
  - Real-World Range: Typically ranges between 135-150 km depending on riding conditions
3. Battery:
  - Battery Capacity: 3.97 kWh
  - Charging Time:
    - Standard charger: 6 hours and 30 minutes for a full charge
    - Fast charger: 50% charge in 18 minutes (75 km range)
4. Design and Build:
  - Frame: Tubular steel frame
  - Suspension: Single fork front suspension, monoshock rear suspension
  - Brakes: Disc brakes on both front and rear with CBS (Combined Braking System)
5. Features:
  - Display: 7-inch touchscreen with multiple profiles, navigation, and smartphone connectivity
  - Modes: Normal, Sport, and Hyper mode
  - Reverse Mode: For easy parking
  - Voice Assistant: Integrated for hands-free operation
  - Smart Key: Proximity unlock, remote start

Technological Innovations:

Hypercharger Network:
- Ola Electric is building an extensive network of fast-charging stations across India. These Hyperchargers are designed to recharge the battery to 50% in just 18 minutes, providing a range of 75 km.
Battery Technology:
- Ola Electric uses advanced lithium-ion battery packs with high energy density, ensuring longer range and durability. The battery management system (BMS) is sophisticated, ensuring safety and efficient performance.
Connected Features:
- Ola scooters are equipped with a digital display and connected technology, allowing users to access navigation, ride metrics, and other smart features via the Ola Electric app.

Market Impact:

Ola Electric Mobility (stylized as OLΛ ELECTRIC) is an Indian electric two-wheeler manufacturer, based in Bengaluru, Karnataka, India. It is a private company, which was valued at around US$5.4 billion as of September 2023.^[4] It has a manufacturing facility located in Krishnagiri, Tamil Nadu which is India’s largest two-wheeler EV manufacturing factory.^[5]^[6]

Currently it offers an electric scooter named Ola S1 in three variants named Ola S1 Air, Ola S1X and S1 Pro. Following the launch of their first electric motorcycle, Ola plans to introduce additional premium electric motorcycle models later in 2024. Ola is also aiming to launch its first electric car by the end of 2024

Electric Ev Stocks India

July 20, 2024July 18, 2024 by shyambobade12

Olectra Green Tech Ltd

Market Leader in Electric Busses

Electric Buses:

Olectra K9: A 12-meter electric bus designed for urban transportation. It offers a range of 300 km on a single charge and features air conditioning, comfortable seating, and advanced safety systems.
Olectra K7: A 9-meter electric bus suitable for both city and intercity travel. It has a range of up to 200 km on a single charge and includes features like GPS, CCTV, and Wi-Fi.
Olectra K6: A smaller, 7-meter electric bus aimed at feeder services and shorter routes. It offers a range of 200 km and comes with similar amenities to the larger models.

Olectra Greentech Ltd. (formerly known as Goldstone Infratech Ltd.) is a pioneering company in the Indian electric mobility sector. Headquartered in Hyderabad, India, Olectra Greentech is a part of the MEIL (Megha Engineering and Infrastructure Limited) Group. The company specializes in the manufacturing of electric buses and the development of electric vehicle (EV) infrastructure, positioning itself as a key player in the transition to sustainable transportation in India.

EV Charging Solutions:
- Olectra Greentech is involved in setting up EV charging infrastructure to support its fleet of electric buses and other electric vehicles. This includes the development of fast-charging stations and battery swapping facilities.

Technological Innovations:

Battery Technology:
- Olectra’s electric buses are equipped with advanced lithium-ion batteries that ensure high energy density, long life cycles, and fast charging capabilities.
Electric Drivetrain:
- The company focuses on efficient and reliable electric drivetrains that deliver strong performance while minimizing maintenance costs.
Telematics and Fleet Management:
- Olectra’s buses come with integrated telematics systems that provide real-time data on vehicle health, location, and performance, aiding in efficient fleet management and operations.

Strategic Initiatives:

Partnerships and Collaborations:
- Olectra Greentech has formed strategic partnerships with global technology leaders like BYD Auto, a Chinese automobile manufacturer known for its expertise in electric vehicles. This collaboration helps in leveraging advanced technology and expanding the product portfolio.
Expansion Plans:
- The company is actively working on expanding its production capacity to meet the growing demand for electric buses in India. It aims to set up new manufacturing facilities and scale up its operations.
Sustainability Goals:
- Olectra Greentech is committed to reducing carbon emissions and promoting green transportation solutions. Its electric buses help reduce air pollution and contribute to a cleaner urban environment

Olectra Greentech Ltd. is a frontrunner in the Indian electric mobility space, particularly in the electric bus segment. With a strong focus on sustainability, technological innovation, and strategic partnerships, the company is well-positioned to lead the transition to green transportation in India. By expanding its product portfolio and investing in infrastructure, Olectra Greentech aims to make electric mobility more accessible and contribute to a cleaner and greener future

Solar Power Stocks India

July 18, 2024 by shyambobade12

`NTPC (National Thermal Power Corporation) Limited`

Efficiency: Known for efficient plant operations and high plant load factors (PLF). Sustainability: Efforts in reducing carbon footprint through supercritical technology and renewable energy projects. Awards: Multiple awards for energy efficiency, environmental management, and corporate governance..

Capacity Expansion: Targeting to reach 130 GW by 2032.
Renewables Focus: Significant investments in solar and wind energy projects to contribute to India’s renewable energy targets.
International Ventures: Exploring opportunities in neighboring countries like Bangladesh and Sri Lanka.
Primary Business: Power generation through coal, gas, hydro, and renewable energy sources.
Installed Capacity: Over 67 GW (as of 2023).
Power Plants: Operates numerous thermal power stations across India. Significant plants include Vindhyachal, Korba, and Dadri.
Renewable Energy: Diversifying into solar, wind, and hydroelectric power.

Revenue: Consistently strong revenue from power sales.
Profitability: Maintains profitability with robust financial health.
Stock Performance: Listed on NSE and BSE; part of major indices like Nifty 50.

Corporate Social Responsibility (CSR):

Community Initiatives: Engages in various community development activities in areas such as health, education, and infrastructure.
Environmental Initiatives: Invests in afforestation, water management, and waste-to-energy projects.

Capacity Expansion: Targeting to reach 130 GW by 2032.
Renewables Focus: Significant investments in solar and wind energy projects to contribute to India’s renewable energy targets.
International Ventures: Exploring opportunities in neighboring countries like Bangladesh and Sri Lanka.
Headquarters: NTPC Bhawan, Scope Complex, 7, Institutional Area, Lodhi Road, New Delhi – 110003, India.
Website: www.ntpc.co.in

Microsoft stock price stood at $453.96

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According to the World Gold Council, gold loans have become increasingly popular in markets like India, where gold is a preferred asset for collateral

Infosys share price in focus as jumps over 8% after Q1 results beat estimates

Ola Electric Vehicle (EV)

Key Specifications:

Technological Innovations:

Market Impact:

Olectra Green Tech Ltd

Market Leader in Electric Busses

Technological Innovations:

Strategic Initiatives:

NTPC (National Thermal Power Corporation) Limited

`NTPC (National Thermal Power Corporation) Limited`