Sonata Software sinks 15% as Q3 profit drops sequentially on margin erosion
Sonata Software shares plunged 15.1% after reporting a 1.4% sequential decline in Q3 profit to Rs 105 crore, impacted by margin erosion due to a top-client ramp-down. Revenue rose 14% YoY to Rs 2,842.8 crore. The company expects a revenue dip in Q4 but anticipates AI-driven growth.
Cochin Shipyard shares crack 7% after reporting 27% YoY decline in Q3 PAT
Cochin Shipyard shares fell 7% after reporting a 27% YoY decline in Q3 net profit to Rs 177 crore. EBITDA dropped 23% to Rs 237 crore, while revenue rose 9%. The company announced a Rs 3.5 interim dividend. Shares have dropped nearly 10% YTD despite a strong yearly gain.
Bharti Hexacom shares zoom 4% after Q3 PAT, revenue jump over 20% YoY
Bharti Hexacom shares rose 3.8% after the company reported a 23% increase in net profit, reaching Rs 261 crore, and a 25% rise in revenue year-on-year for Q3FY25. Mobile services revenue and EBITDA margins also showed strong growth, driven by tariff adjustments and an improved revenue mix.
Trent shares jump 2% after Q3 profit jumps 33% YoY. Should you buy, sell, or hold?
Trent’s shares rose nearly 2% as Q3 FY25 net profit grew 33% to Rs 497 crore. Revenue increased by 34% to Rs 4,657 crore. The company expanded its store portfolio to over 850 large-box fashion stores. While earnings met expectations, revenue fell short, leading some analysts to adjust target prices. Trent’s management remains optimistic about […]
Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty500 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 6, 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 […]
Aster DM and 3 other stocks to trade ex-dividend on Monday. Last chance to buy!
Shares of Aster DM Healthcare, GPT Infraprojects, Indian Toners & Developers, and Suraj Ltd will be in focus as February 10 is the record date for determining dividend eligibility. Investors must purchase shares by today under the T+1 settlement cycle to qualify for these dividends.
Eleganz Interiors IPO opens today: Check key dates, price band, GMP and other details
Eleganz Interiors’ SME IPO opens for subscription today, planning to raise approximately Rs 78 crore through fresh equity sale of 60.05 lakh shares. The issue price is set between Rs 123-130 per share, with bids open until February 11. Funds will be used for debt repayment, working capital, and corporate purposes.
Stocks to buy: LIC, M&M and Grasim on investors’ radar
Sensex and Nifty declined amid caution ahead of the RBI’s monetary policy announcement and foreign fund outflows. Analyst Kushal Gandhi advises against purchasing LIC and M&M due to weak trends and increased volatility, but recommends purchasing Grasim as its intermediate trend shows signs of improvement.
Q3 results today: M&M, LIC among 233 companies to announce earnings on Friday
Around 233 companies, including M&M, LIC, and Mazagon Dock, are set to announce Q3 earnings. M&M is expected to report a solid growth led by auto and farm segments, while LIC may see a slight increase in profitability but a drop in annual premium equivalent.
Healthy loan growth, fall in provisions spruce up SBI Q3
Unlike a year ago, SBI did not have to make a ₹7,100-crore provision for employee pension and wages, boosting profit growth at the country’s most-valued government-owned company.