Reliance Power shares soar 9% after firm returns to black in Q3
RPower Share Price: Shares of Reliance Power saw a significant rise of 8.64% following the announcement of a net profit of Rs 41.95 crore for the December quarter, marking a recovery from a large loss last year. Despite a decline in revenue, reduced expenses and an exceptional gain from a previous quarter contributed to the […]
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the NSE Midcap pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 5, according to stockedge.com’s technical scan data.
Solarium Green Energy IPO opens today: Check key dates, price band, GMP and other details
Solarium Green Energy launches its IPO to raise around Rs 105 crore, with a price band of Rs 181-191 per share. The IPO is entirely a fresh equity sale and aims to fund working capital and corporate purposes. The share allotment is expected on February 11, and listing on February 13.
Stocks to buy: Trent, ITC and Hero MotoCorp on investors’ radar
Benchmark indices dropped in a volatile session as investors grew cautious ahead of the RBI’s monetary policy decision. Trent fell slightly, ITC declined by 1.5%, while Hero MotoCorp saw a rise of 0.8%. Technical insights recommended stop-loss and potential targets for these stocks, with overall trends suggesting caution.
Q3 results today: ITC, SBI, Airtel among 174 companies to announce earnings on Thursday
174 companies are announcing their third quarter earnings on Tuesday, including key players like SBI, ITC, Airtel, Britannia, Trent, and Hero MotoCorp. ITC is likely to see a slight revenue growth but a profit decline. Airtel’s net profit may see a significant rise, boosted by Indus Towers consolidation. SBI expects steady growth driven by robust […]
BSE shares in focus today as company to announce Q3 results. Here’s why to expect stellar earnings
BSE is set to report a 104% YoY revenue increase and triple-digit profit growth for Q3FY25, driven by higher premium turnover and growth in the options segment. Despite regulatory challenges, both Motilal Oswal and Mirae Asset Sharekhan provide optimistic outlooks, expecting substantial transaction revenue growth and improved profitability.
Asian stocks rise as Wall Street extends gains
Treasuries were stable in early Asian trading after rallying across the curve Wednesday. The US 10-year yield dropped nine basis points to 4.42% during the session while the policy-sensitive two-year yield declined three basis points to 4.18% — both the lowest since the middle of December. Australian yields fell early Thursday.
Rupee hits new record low against US dollar on RBI rate cut hopes
The Indian rupee weakened to a record low of 87.487 per dollar on Wednesday, before closing at 87.465 per dollar, down 40 paisa from its previous close, on expectations that the Reserve Bank of India (RBI) will cut interest rates on February 7, traders said.
Improved loan book gives much credibility to Ujjivan Small Finance Bank
Ujjivan Small Finance Bank rebounded 16% from its 52-week low after announcing plans to apply for a universal banking license. Despite weak Q3 results, analysts remain positive due to improving secured assets and long-term growth prospects, retaining a “buy” rating.
More foreign banks to take part in RIL’s $3-billion loan syndication
Reliance Industries (RIL) is broadening the syndication of its $3-billion dual currency loan, adding around 10 global banks, including ANZ, Barclays, and JP Morgan, to the original eleven lenders. The funds, partially denominated in yen, will be used for upcoming repayments.