Shares of UPL surged 5.6% to Rs 552.70 on Tuesday after the agrochemical company reported a net loss of Rs 443 crore for Q2 FY25, more than 2.3 times higher than the loss in the same period last year. Revenue for the quarter increased to Rs 11,090 crore, up from Rs 10,170 crore, driven by a 16% YoY growth in volumes, despite a 7% drop in prices and flat forex rates.
India’s stock market volatility since last Diwali saw 60 stocks lose up to 96%
At least 63 stocks with a market capitalisation of over Rs 1,000 crore have lost more than half their value since last Diwali, with some