IREDA shares rise 1.1% as board announces meeting date for fund raise via QIP
IREDA shares rose by 1.1% to Rs 209.50 on news of a board meeting set for January 23, 2025, to approve fund-raising via Qualified Institutional Placement (QIP). IREDA announced a 27% YoY net profit increase to Rs 425.38 crore in Q3 FY25, with a 35.6% rise in revenue. Analysts give a ‘Hold’ recommendation with a […]
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 17, according to stockedge.com’s technical scan data.
Barflex Polyfilms IPO listing today. Check GMP ahead of debut
Shares of Barflex Polyfilms are set to debut on the NSE SME platform with a 21% premium over the issue price, supported by strong investor response. Funds from the IPO will be utilized for capital expenditure and business expansion, aiming for significant growth in the flexible packaging materials sector.
Q3 results today: Zomato, Paytm among 37 companies to announce earnings on Monday
On Monday, key third-quarter earnings results will be announced by 37 companies, including Zomato and Paytm. Zomato is projected to see significant YoY revenue growth due to strong operations, while Paytm’s revenue is expected to decline by 35-36%. Blinkit and other businesses also show varying performance.
Paytm to announce Q3 earnings on Monday. Here’s is what to expect
Paytm, operated by One 97 Communications, is set to report its December quarter earnings, with revenue expected between Rs 1,842 crore and Rs 1,826 crore, a 35-36% YoY decline. Yes Securities predicts an EBITDA loss of Rs 100 crore and Emkay Research estimates a net loss of Rs 346 crore.
Q3 numbers modest; RIL, IT Inc make presence felt
Aggregate numbers were influenced by the performance of Reliance Industries (RIL), the country’s largest company by revenue and market capitalisation, and by the top software exporters.
Asian stocks advance as Trump and Xi discuss trade
Shares in Australia, Japan and South Korea gained. A gauge of US-listed Chinese shares jumped 3.2% Friday as Trump described the talk between the two leaders as “very good.” US futures were slightly lower in Asian trading with Wall Street closed on Monday due to a holiday.
Burmans’ Religare open offer to start on January 27
Burman family’s open offer to acquire 26% additional stake in Religare Enterprises Ltd begins on January 27. The offer targets 9 crore shares, closing on February 7. Burmans currently hold a 25.12% stake. Announced in September 2023, the Rs 2,116-crore bid faced opposition from REL independent directors citing fraud allegations.
Nifty likely to trade in 22,800-23,800 range: Analysts
We expect the weakness in Nifty to persist, due to the lack of leadership from heavyweight sectors such as Bank Nifty and IT, alongside the prevailing weak market sentiment.
RBI’s got a tough call in Feb as global peers opt for rate cuts
Four of the six central banks overseeing the 10 most heavily traded currencies held meetings since November, and have lowered their lending benchmarks.