Stocks in news: The markets saw an uptick of almost half a percent on Tuesday, with Zomato, Cyient DLM, L&T, Petronet LNG, and NHPC grabbing attention. Notable activities included a major stake sale by Antfin Singapore Holding in Zomato, and equity transactions involving PNB Housing Finance and Cyient DLM. L&T got GST relief, while NHPC reported a landslide at Teesta-V.
Jio’s Q3 results may have disappointed, but home broadband is thriving
Reliance Jio’s Q3FY25 earnings missed expectations due to muted user additions, modest ARPU growth, and higher costs. However, Jio’s home broadband business showed strong growth,
January 18, 2025