KFin Tech shares zoom nearly 10% as Q3 PAT advances 35% YoY
KFin Technologies’ shares surged 9.8% to Rs 1,212.70 after reporting a 34.9% YoY increase in profit after tax (PAT) to Rs 90.18 crore. The company’s PAT margin was 31.1%, and revenue from operations grew 32.6% YoY to Rs 290 crore. In Q3 FY25, international and investor solutions revenue rose by 52.6%, while VAS revenue grew […]
Paytm shares nosedive 9% amid reports of ED probe in crypto scam
Paytm parent One97 Communications shares fell by up to 9% due to ED investigations into cryptocurrency scams involving several payment gateways. The ED has frozen Rs 500 crore in these gateways’ virtual accounts related to scams run by Chinese nationals, impacting platforms like PayU, Razorpay, Easebuzz, and others.
Cyient shares tumble 19% after CEO exit, lower guidance for FY25. What should investors do?
Shares of Cyient Ltd fell 18.58% after weak Q3 FY25 results and CEO resignation. The DET segment saw a drop in YoY profit, while revenue guidance for FY25 was revised downward. Leadership change and execution issues led to stock downgrades by JP Morgan and Emkay Global.
Indus Towers shares jump 2% after strong Q3 results. Time to buy, sell, or hold?
Indus Towers’ shares surged by nearly 2% following a 160% YoY jump in Q3 net profit to Rs 4,003 crore, driven by increased tower additions and overdue collections from Vodafone Idea. The company plans to expand into the EV charging sector and expects significant dividend payouts, with analysts maintaining a ‘Buy’ rating.
Waaree Renewable shares crack 68% after 667% rally. Is the worst behind?
Waaree Renewable Technologies shares surged 667% in 4 months but recently fell 68% due to a double-top pattern. Analysts advise avoiding the stock amid bearish momentum and suggest waiting for a rebound near support levels around Rs 740. Immediate support is at Rs 875, with resistance at Rs 1,118-1,190.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 23, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Q3 results today: IndiGo, JSW Steel among 81 companies to announce earnings on Friday
Companies like Bank of India, Aditya Birla Money, Centrum Capital, DCB Bank, EMS Ltd, Granules India, Trident, Ugro Capital, Vimta Labs and a few others will also declare their quarter results.
KEI Industries, Tanla Platforms record date for interim dividend on Monday. Do you own?
KEI Industries and Tanla Platforms have announced interim dividends, with January 27 as the record date for eligibility. KEI Industries declared a Rs 4 per share dividend, while Tanla Platforms approved Rs 6 per share. Shareholders holding stocks by this date will qualify for the payouts, which will be distributed by February 20.
GB Logistics IPO opens for subscription. Check GMP, key dates, price band and other details
GB Logistics IPO opens today, aiming to raise Rs 25 crore through a fresh equity sale of 24.57 lakh shares. The price band is set at Rs 95-102 per share. The proceeds will be used for debt repayment, working capital, and corporate purposes. The allotment finalization is expected on January 29, with listing on January […]
Asian shares track Wall Street optimism before BOJ
Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul.