The company reported a consolidated profit after tax of Rs 168 crore for Q4FY22, up 8 per cent QoQ, and 51 per cent YoY, and Rs 582 crore for FY22, up 58 per cent over FY21.

ITI Ltd is engaged in the manufacturing, trading & servicing of telecommunication equipment, and rendering other associated as well as ancillary services. The company focuses on offering telephone communication services.  

The company’s in-house capability & state of the art precision engineering enables it to manufacture a large range of components through a spectrum of industries namely automotive, agri-cultural, industrial, defense, railways marine & the new energy sphere.

Following a turbulent session on Thursday, the major equity indices concluded the day with big gains. Banks, metals, and financials rose but FMCG stocks fell. NSE's monthly F&O contracts expired today, causing trading to be turbulent. InterGlobe Aviation's stock (Indigo Airline) increased by 10.51 per cent. The stock of ITI rocketed by 18.55 per cent. The company's consolidated net profit rose by 78.33 per cent. Also, the shares of Torrent Pharmaceuticals' soared 10.16 per cent. 

The scrip rallied 9.31 per cent to Rs 2,050 per share on NSE. The shares of AIA Engineering Ltd have surged more than 14 per cent over the last five trading sessions. 

Indices continued their upmove in the last hour of the session while Nifty closed May expiry at 16,170, up by about 0.90 per cent. 

Torrent Pharmaceuticals Ltd, a large cap pharmaceuticals company, has been trending on Dalal Street for not one but many reasons. The stock has soared over 8.72 per cent from its previous close of Rs 2,634.55. The scrip opened at Rs 2,750 and made a day’s high of Rs 2,878.15. At 11:50 am, the stock is trading at Rs 2,864.

On Thursday, the benchmark indices opened flat, tracking mixed global cues. At 11.40 am, Sensex was trading lower by 297 points or 0.55 per cent while Nifty plunged 110 points or 0.69 per cent. Speciality chemicals company- Aether Industries' initial public offering (IPO) had been subscribed 56 per cent by the morning of May 26, the third and final day of booking.  

SEBI has created a new structure for debt funds that are passively managed. In this post, we'll look at how it affects investors. So, keep an eye out!

Overall provisions on the loan book stood at 5.8 per cent of the loan book as of March 31, 2022 as compared to 7.0 per cent as of December 31, 2021 and 5.2 per cent as of March 31, 2021.