Pravesh Gour, Senior Technical Analyst, Swastika Investmart said the company has been incurring losses for the last two years, and according to the IPO objective, the funds raised will be used to pay off liabilities.
ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura
Bajaj Finserv shares climbed after reporting a 12% net profit increase for Q1 FY27. Revenue from operations grew nineteen percent year-on-year, and interest income also
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