PI Industries shares nosedive 9% as Q2 results disappoint Street
PI Industries Share Price: PI Industries shares dropped 9% despite a 6% YoY rise in Q2 profit, driven by biological growth and improved gross margins. However, domestic revenue saw a decline.
Jio Financial Services shares surge over 6% on inclusion in F&O segment
The NSE includes only highly liquid stocks in the F&O segment, ensuring they meet a minimum average daily turnover and display stable price movements. This selection process helps foster a more secure environment for derivatives trading.
HAL shares nosedive 28% from peak. Will it fall below Rs 4,000?
HAL share Price: Hindustan Aeronautics (HAL) shares have dropped 28% from their July peak, currently finding support around Rs 4,000. Analysts see a potential bounce to Rs 4,300, but a close below Rs 4,100 could push the stock down to the Rs 3,700-3,850 range.
Varun Beverages shares zoom 5% after co launches QIP
Varun Beverages’ shares rose 5% after the company launched a qualified institutional placement (QIP) to raise Rs 7,500 crore. The floor price for the issue is set at Rs 594.56 per share, representing a 1.5% discount. This move comes as the company reported a 22.3% rise in net profit for the third quarter, reaching Rs […]
Vodafone Idea shares jump 2% as Q2 loss narrows to Rs 7,176 crore
Vodafone Idea reported a smaller net loss of Rs 7,176 crore in Q2 FY25, helped by revenue growth and tariff hikes. Despite this, the telco’s subscriber base shrunk due to the price increases. Vodafone Idea’s future hinges on securing debt funding, as highlighted by analysts.
Apollo Tyres shares jump 3% after Q2 net profit falls 37% YoY?
Apollo Tyres’ shares rose 3% despite a 37% drop in Q2 profit to Rs 297 crore, attributed to weak demand in India and rising raw material costs. While European operations showed growth, the Indian market suffered from a slowdown in the commercial vehicle segment. Analysts maintain optimistic outlooks, citing potential for pricing improvements and robust […]
NALCO shares rally 5% after Q2 profit rises multi-fold to Rs 1,046 crore
Nalco share Price: National Aluminium Company (Nalco) witnessed a remarkable five-fold surge in its consolidated profit for the September quarter, reaching Rs 1,045.97 crore, driven by robust revenue growth. The company’s board has announced an interim dividend of Rs 4 per share. Nalco’s shares, despite a recent dip, have shown impressive growth this year.
Eicher Motors shares rally 8% after steady Q2 earnings. What analysts say
Shares of Eicher Motors, the manufacturer of Royal Enfield, surged 7.5% to a high of Rs 4,934.50 on the BSE on Thursday, following the company’s announcement of an 8% increase in standalone net profit, reaching Rs 1,010 crore for the quarter ending September 2024.
Tata Power shares jump 2% as co commissions 126 MW floating solar project
Tata Power subsidiary completed a large floating solar project in Madhya Pradesh. The 126 MW project uses over 200,000 solar modules. It generates a significant amount of energy and reduces carbon emissions. The project overcame challenges like fluctuating water levels. It supplies power to the Madhya Pradesh Power Transmission Company.
Earnings downgrade cycle largely over, no major cuts expected from Q3 onwards: Pawan Parakh
I strongly believe that earnings misses have largely bottomed out in Q2. If we look at corporate India’s performance, two sectors have disappointed slightly. First is the banking sector, where we’ve seen a rise in NPAs from unsecured loans