MTAR Technologies shares log worst single-day decline of 2023 on weak Q2 earnings, lower FY24 guidance
MTAR Technologies’ revenue from operations stood at Rs 166.8 crore in Q2FY24 as against Rs 126.2 crore in the corresponding period of the last financial year. It was up 32.2%. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) reported by the company for the reporting quarter stood at Rs 36.1 crore as compared to […]
Gold gets cheaper by Rs 1,000 in November. Should you buy or sell ahead of Dhanteras?
MCX December gold futures were trading at Rs 59,901 per 10 gram, up by Rs 108 or 0.18% from the Thursday closing price. Meanwhile, the December silver futures were trading at Rs 70,350 per kg, lower by Rs 700 or 0.99%.
Big movers on D-Street: What should investors do with Apollo Tyres, Bharat Forge and Adani Ports?
Stocks that were in focus included names like Apollo Tyres, which gained 6.56%, Bharat Forge, which jumped 1.88%, and Adani Ports, which rose 2.46% on Wednesday.
Hot Stocks: Brokerage view on Prestige Estates, JB Pharma, Uno Minda and Jyothy Labs
Citigroup maintained a buy rating on Prestige Estates but raised the target price to Rs 982 from Rs 693 earlier.
Vedanta bondholders set high payout bar, want promoter to contribute capital, too
For the remaining portion of the two bonds maturing in 2024 and 2025, investors want fresh notes valued at 1.3 of each existing bond.
UPI-PayNow tie-up gains currency, cuts cost of remittance
In the case of the PayNow-UPI linkage, reports said that for workers staying in Singapore for a brief period, the linkage would help them save at least 10% of the amount paid as bank fees for money transfers. Accounting for persons of Indian origin and non-resident Indians, there are around 650,000 Indians in Singapore.
SBFC Finance backs up strong debut with a robust Q2 show
The Mumbai headquartered company reported 47.3% year-on-year growth in net profit at Rs 52.6 crore while revenue from operations rose by 40% to Rs 246.3 crore for the September quarter. Loan disbursement increased by 25% to Rs 701 crore.
HPCL stock gains in a wobbly market on stellar Q2 show
In a post-result earnings call, the company’s management stated that HPCL is carrying about 23 days of crude inventory and 30 days of marketing inventories.
Trent hits a new high as Q2 beats estimates
The owner of the ‘Westside’ and ‘Zudio’ stores reported sharply superior earnings than estimates for the September quarter, resulting in analysts raising target price for its shares by 24-42%, while retaining their positive view on the company.
Protean eGov Tech IPO subscribed 23.86x
The company could raise ₹490 crore at the upper end of the issue price band of ₹792. The retail investors’ segment was subscribed 8.93 times.