Tech view: Nifty likely to bounce from 23,800 level, forms a small bullish candle. How to trade tomorrow
A small bullish candle formed on the daily chart with a long upper shadow, indicating a lack of sustained upside momentum. The underlying trend remains choppy with a weak bias. Nifty is expected to bounce from near the lower range of 23,800, with immediate resistance at 24,300.
Jubilant Foodworks Q2 Results: Cons PAT declines 31% YoY to Rs 66.53 crore
Jubilant FoodWorks, owner of Domino’s and Dunkin’ brands, saw a decline in profits this quarter. Revenue, however, increased significantly. The company added 73 new stores, bringing the total to 3,120. Domino’s India achieved record high monthly active users. The company’s shares closed slightly lower after the announcement of these results.
Devyani International Q2 results: Co. slips into red with Rs 5 crore loss; revenue jumps 49% YoY
Devyani International reported a net loss of Rs 4.92 crore in Q2FY25, despite a 49% YoY revenue growth to Rs 1,222 crore. EBITDA margin declined to 16.3% from 18.3%. The company added 85 new stores and secured exclusive master franchise rights for three modern QSR brands: TeaLive, New York Fries, and Sanook Kitchen.
BEML Q2 Results: Co reports marginal YoY decline in PAT, revenue falls 57%
BEML, the Miniratna company, reported a marginal 0.75% decline in its profit after tax (PAT) for Q2 FY2024, totaling Rs 51.03 crore, compared to Rs 51.78 crore in the same quarter last year. The company’s revenue from operations fell by 57% YoY.
Fee-based biz helped Share India grow Q2 numbers; to focus on retail business going forward: Sachin Gupta
Share India Securities CEO Sachin Gupta, discusses the company’s strong Q2 performance, attributing its growth to a focus on retail business, margin trading facilities (MTF), and merchant banking. Gupta highlights the success of their institutional desk and outlines plans to expand into wealth management services, including AIF and PMS offerings.
Waaree Energies shares crack by 19% in 3 days amid selling pressure after Trump’s victory
Waaree Energies Share Price: After the stock’s decline over the last three sessions, the company’s market capitalization on the BSE has dropped to Rs 84,606 crore, down from the Rs 1 lakh crore mark reached last week.
MapMyIndia shares drop 8% on weak Q2 earnings
Revenue from operations rose 13.8% year-on-year (YoY) to Rs 103.67 crore in Q2 FY25. Profit before tax was Rs 41.06 crore, an 8.18% decline from Rs 44.7 crore in the same quarter of the previous fiscal.
Will upward momentum in IT stocks continue? Aditya Arora answers
And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.
PFC shares jump 7% post Q2 results; Brokerages maintain bullish outlook
Power Finance Corporation shares rose 9% after reporting a 9% increase in Q2 profit, driven by higher revenues and loan growth. Brokerages Bernstein and CLSA maintain ‘Outperform’ ratings.
Goldman Sachs initiates coverage on Trent, sees upside potential of 27%
Goldman Sachs initiates coverage on Tata Group’s Trent with a target of Rs 8,000, expecting 27% upside. Zudio’s growth potential and Trent’s steady performance contribute to a positive outlook.