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[ad_1] Last Updated: July 31, 2023, 11:26 IST IOC Share Price: State-run oil refiner Indian Oil Corporation (IOC) shares fell over 2 per cent on Monday after the company reported its Q1 results. IOC share price fell as much as 2.38 per cent to Rs 93.01 apiece on the BSE. IOC reported a 37 per cent rise in its net profit in the April-June quarter, which stood at Rs 13,750.44 crore in contrast to Rs 10,058.69 crore in the previous quarter. Its consolidated net profit stood at Rs 14,735 crore in the first quarter of FY2023-24. The state-run company had reported a net loss of Rs 883 crore in the same period in FY23 on the back of high international crude oil prices. IOC’s revenue from operations in the June quarter decreased by 12 per cent to Rs 2.25 lakh crore as against Rs 2.55 lakh crore in the year-ago period. Its revenue from operations in Q1 FY24 declined 2.36 per cent to Rs 1.98 lakh crore from Rs 2.02 lakh crore in Q4 FY23. Operational performance during the quarter improved

[ad_1] Last Updated: June 12, 2023, 08:44 IST Stocks to watch on June 12:  The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,684.50, up 74.5 points or 0.40% from the previous close. SpiceJet: Wilmington Trust, one of SpiceJet’s aircraft lessors, has moved the National Company Law Tribunal (NCLT) to initiate an insolvency process against the airline for non-payments of dues. The first hearing of this case will take place today. Go Fashion: The India arm of US venture capital firm Sequoia Capital plans to sell a 10 per cent stake in Go Fashion (India) worth Rs 625 crore. The transaction is likely to happen on Monday in block deals at a floor price of Rs 1,135 a share. Tata Motors: The company has fixed July 29 as the record date for determining the entitlement Of members to receive final dividend for FY23. Container Corporation of India (Concor): The disinvestment of state-run firm may be d

[ad_1] Last Updated: July 10, 2023, 08:28 IST Stocks To Watch July 10:  Nifty futures traded 14.5 points, or 0.07 per cent, lower at 19,443.50, signaling that Dalal Street was headed for a negative start on Monday. Here’s a slew of stocks that will be in focus today for various reasons. HDFC Bank: All MSCI indexes have replaced HDFC with HDFC Bank following the merger. Cyient DLM: The company’s shares will debut on the bourses today. It had fixed the final issue price at Rs 265 per share. Hindustan Zinc: Hindustan Zinc’s Board has approved an interim dividend of Rs 7 per equity share for the current financial year which will incur an expenditure of Rs 2957 crore for the Vedanta subsidiary. Zee Entertainment: The Securities and Appellate Tribunal (SAT) will on Monday pronounce its judgement on appeals filed by the promoters of Zee Entertainment Enterprises against an earlier Sebi order. SBI: The state-run bank is likely to raise up to Rs 10,000 crore in tier-I bonds this week.