DGTR for anti-dumping duty on PVC resins from 7 countries
India’s Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duties on PVC resin imports from seven countries, including China and the US. The DGTR found that these countries were selling PVC resins below market value, harming Indian manufacturers. If enacted, the duties could reach up to USD 339 per tonne.
Mazagon Dock Q2 Results: PAT soars 76% YoY to Rs 585 crore, revenue jumps 51%
Mazagon Dock Shipbuilders recorded significant financial growth in the second quarter of 2024. The company’s profit after tax soared by 75.7% compared to the same period last year. Revenue from operations also witnessed a substantial increase of 50.8%. This impressive performance was driven by a surge in EBITDA, reflecting the company’s strong operational efficiency.
Swiggy’s Big IPO Move: What sets it apart from competitors like Zomato
It’s an incredibly exciting time for us. We’re positioned at the intersection of several high-growth sectors, and we’re looking at not just the next couple of years but one to two decades of growth, leveraging India’s consumption boom
Gland Pharma shares zoom 12% post Q2 results; Kotak upgrades on limited downside
Gland Pharma Share Price: Gland Pharma shares rose 12% despite a 15.7% YoY profit decline in Q2. Kotak upgraded the stock to ‘Reduce’ with a revised target price of Rs 1,625, citing improved core business performance.
Sagility India raises Rs 945 crore from anchor investors ahead of IPO
Sagility India raised Rs 945 crore from anchor investors, including prominent mutual funds and institutions, at Rs 30 per share. The company’s IPO, entirely an offer-for-sale, opened for public subscription with a price band of Rs 28-30 per share. The IPO aims to raise Rs 2,106.60 crore at the upper end of the price band.
Raymond shares rise 4.5% post Q2 earnings
Raymond’s shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.
SEBI warns investors against unauthorised trading platforms
SEBI issued a third advisory warning investors about unauthorized platforms offering virtual trading, paper trading, and fantasy games. It urged investing only through registered intermediaries to avoid financial losses and fraud.
Ola Electric Mobility shares drop 4% as 3-month lock-in period expires today
Ola Electric Share Price: Ola Electric Mobility’s shares dipped 7% as an 18.2 crore share lock-in period ended, allowing certain investors to sell their previously restricted shares. This lock-in period, common after IPOs, aims to stabilize stock prices. The company’s shares, despite a recent surge, have experienced declines over the past month. An upcoming board […]
Market pullback offering fresh opportunities for savvy investors: Rajeev Agarwal
We also know that the two candidates have very different policies and the longer it drags on, the more the uncertainty will be there. And definitely that is a risk that is there in the market. So, it is too difficult to call out how the election will be, clearly. But the uncertainty is creating […]
Swiggy IPO: GMP at 5% in unlisted market, indicates muted listing gains
The company has fixed a price band of Rs 371-390 per share for the IPO, which means that the investors are willing to pay about Rs 410 for one share of the company.