IREDA shares dip 3% after reporting Q3 results
IREDA share price: In Q3FY25, total revenue from operations rose by 35.6% year-on-year, reaching Rs 1,698.45 crore, compared to Rs 1,252.85 crore in the same quarter of the previous financial year.
Banking and FMCG poised for growth amidst market correction: Anand Tandon
But I think now slightly a somewhat more realistic picture is emerging. Despite that, if you see other than the commodity stocks, most of the stocks are trading at 60 to 90 times forward earnings which is hardly the place that you would want to buy.
BR Goyal Infrastructure IPO share allotment likely today. Check status, GMP, listing date and other details
The shares allotment for BR Goyal Infrastructure IPO is set to be finalized today. Investors can check their allotment status via the BSE or Link Intime India website. The company’s shares will debut on exchanges on January 14. BR Goyal Infrastructure IPO received a subscription of 118 times and is commanding a GMP of around […]
Delta Autocorp IPO share allotment expected soon. Here’s how you can check status and GMP
Delta Autocorp IPO received a strong response with a subscription of 340 times, driven by non-institutional and retail investors. Investors can check the allotment status through the NSE or Link Intime India websites. The company’s shares showed a potential upside in the grey market.
Barflex Polyfilms IPO: Check price band, GMP and other details
Barflex Polyfilms’ Rs 39 crore IPO has opened for public subscription. The IPO comprises a fresh equity sale of Rs 12 crore and an offer for sale of 45.16 lakh shares, with a price band of Rs 57-50 apiece. Barflex Polyfilms manufactures flexible packaging materials catering to various industries, including FMCG, pharmaceuticals, and cosmetics.
Q3 results today: Just Dial among 15 companies to announce earnings on Friday
Fifteen companies are set to announce Q3 earnings on Friday, with Just Dial and CESC Ltd expected to show notable growth. Just Dial anticipates a revenue rise of 9% YoY, while CESC predicts a 28% YoY increase in net profit. Investors will focus on management commentary on future profitability and margins.
Stocks to buy: TCS, Tata Elxsi and IREDA on investors’ radar
Equity indices dropped nearly 1% due to heavy selling in major stocks. TCS fell 1.6%, Tata Elxsi declined 0.4%, and IREDA plummeted 3.4%. Analysts advise against purchasing TCS and Tata Elxsi but recommend buying IREDA with a target price of 245 and a stop loss at 208.
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 9, according to stockedge.com’s technical scan data.
Asian stocks slip with US jobs data in focus
Shares in Australia and Japan fell, while those in South Korea were little changed. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe a national day of mourning for former President Jimmy Carter.
TCS Q3 profit up 3.9% quarter-on-quarter, lags estimates
Tata Consultancy Services reported a modest sequential net profit growth of 3.9% to Rs 12,380 crore in Q3FY25 amidst reduced demand in the US and UK markets and declining discretionary tech spending. Revenue saw a 0.44% decrease, and headcount dropped by 5,370 employees. Despite the downturn, TCS remains hopeful for a better fiscal year ahead.