P N Gadgil shares hit 10% upper circuit after Q3 results impress D-Street
P N Gadgil shares surged 10% in intraday trade, hitting Rs 621.05 on the BSE, following the company’s quarterly results post-listing. The firm reported a 49.4% YoY growth in profit after tax (PAT) for Q3FY25, with PAT reaching Rs 86.03 crore for the quarter ending December 2024, compared to Rs 57.60 crore in the same […]
Adani Green Energy shares surge 3% amid report of Sri Lanka wind power project withdrawal
Adani Green Energy shares rose 3% to Rs 946 in Thursday’s intraday trade after the company announced its decision to withdraw from two proposed wind power projects in Sri Lanka. The move follows the Sri Lankan government’s request for lower tariffs, easing concerns over the projects’ viability. The wind power projects were estimated to cost […]
Stock-picking key strategy in 2025; focus on differentiation across sectors: Sumit Poddar
Sumit Poddar, from Tikona Capital, discusses the market correction and predicts a better economic outlook in the upcoming 6-12 months. He highlights the benefits of interest rate cuts and government spending, emphasizing small- and mid-cap stocks, and public sector banks as promising areas for investment.
Muthoot Finance shares surge over 6% after strong Q3 print
Muthoot Finance shares jumped 6.5% after reporting a 26% YoY net profit growth in Q3 to Rs 1,389 crore. Loan AUM hit Rs 1.11 lakh crore, with strong gold loan growth. Analysts remain divided on the stock’s outlook, with 13 recommending a “buy.”
SAIL shares jump 10% in 2 days despite weak Q3 profit, revenue shows steady growth
SAIL’s shares rose 10% after reporting a 5% YoY rise in Q3FY25 revenue to Rs 24,490 crore. However, net profit fell 66%, and PAT dropped significantly both YoY and sequentially. Despite weak realizations, the company’s cost management was strong. Motilal Oswal maintains a ‘Neutral’ rating with a revised target price of Rs 115.
Lifting of RBI curbs will help Kotak Bank to accelerate loan growth; boost performance: Rahul Malani
The Reserve Bank of India has lifted the restrictions on Kotak Mahindra Bank, allowing them to onboard new customers and issue credit cards again. Analyst Rahul Malani from Mirae Asset Sharekhan suggests this will boost Kotak’s operating performance and market share, making the stock an attractive investment due to its reasonable valuations and positive outlook.
Honasa Consumer shares rally over 8% after Q3 revenue rises 6% YoY, PAT stays flat at Rs 26 crore
Honasa Consumer, Mamaearth’s parent company, reported a net profit of Rs 26 crore for Q3FY25, almost unchanged from the previous year’s Rs 25.9 crore. Revenue from operations increased by 6% YoY to Rs 518 crore. The company showed strong growth momentum, with Mamaearth expanding market share and household penetration.
HAL shares jump 3% after Q3 profit rises 14% YoY to Rs 1,440 crore
Hindustan Aeronautics Ltd (HAL) reported a 14% YoY increase in Q3 profit, reaching Rs 1,440 crore, driven by strong demand from the defense ministry. Revenue rose 15% YoY to Rs 6,957 crore, with EBITDA up 17% YoY. HAL declared a first interim dividend of Rs 25 per share, with a record date of February 18 […]
Kotak Bank shares rise over 2% as RBI lifts restrictions on new bank account opening, credit card issuance
Kotak Mahindra Bank’s shares rose after the RBI lifted restrictions on issuing new credit cards and opening accounts through online or mobile banking. Banks, including HSBC, JP Morgan, Morgan Stanley, and UBS, positively view the development, predicting enhanced customer acquisition and improved financial performance.
Positive Breakout: These 4 stocks cross above their 200 DMAs
In the Nifty500 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 12, 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 […]