Shoppers Stop Q3 Results: Profit rises 41% to Rs 52 crore on festive season demand for premium goods
Shoppers Stop Q3 Results: India’s Shoppers Stop Ltd reported a significant rise in quarterly profit after two straight quarters of loss. This growth was driven by strong demand for premium products such as watches and perfumes during the festive season. The department store chain saw an 11% rise in revenue from operations. Premium product categories […]
Breakout Stocks: How to trade Adani Power, Adani Energy and Adani Total Gas on Wednesday?
Indian markets rebounded on Tuesday, with the Sensex gaining over 160 points and Nifty50 surpassing 23,100. Momentum, PSU, and metal stocks led gains, while FMCG and IT lagged.
Network18 Q3 Results: Net loss widens YoY to Rs 1,435 crore, revenue falls 23%
Network18 Media & Investments reports a widened consolidated loss of Rs 1,435 crore for Q3FY25, a significant increase from the previous year’s Rs 59 crore. Revenue from operations also fell by 23% to Rs 1,361 crore. Viacom18’s business has merged with Star India, forming a major broadcasting JV with Reliance Industries investing Rs 11,500 crores.
Adani Energy Q3 Update: Co wins projects worth Rs 28,455 cr. Under-construction project pipeline at Rs 54,700 cr
Adani Energy Solutions secured transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024. This increased the company’s under-construction project pipeline to Rs 54,700 crore. The company also reported a 3% year-on-year rise in total units sold for its distribution subsidiary AEML and significant progress in its smart metering business.
Zetwerk selects banks for $500 million India IPO
Indian manufacturing firm Zetwerk Pvt is planning an initial public offering in Mumbai, aiming to raise at least $500 million. The company is working with several banks and could be valued at around $5 billion. Zetwerk aims to list this year and is backed by investors including Peak XV Partners and Lightspeed India Partners.
Adani Ports, Bharti Airtel among 5 key additions to Bernstein India model portfolio; HDFC Bank, RIL excluded
Brokerage firm Bernstein has updated its India model portfolio, adding five new stocks and removing four.
Tech View: 23,350 key hurdle for Nifty; weak trend persists. How to trade on Wednesday
The daily chart continues to display a negative pattern with lower tops and bottoms, indicating a potentially further downward trend. The current upside bounce could lead to another lower-top formation in the short term. If Nifty moves higher, it could face a strong resistance at the recent down gap from January 13 around the 23,350 […]
Sat Kartar Shopping IPO subscribed over 60 times on Day 3 so far. Check GMP, price band and other details
Sat Kartar Shopping’s SME IPO was fully subscribed with an overall subscription of 60.45 times on January 14. The IPO aims to raise Rs 33.80 crore. The retail portion was subscribed 89.06 times, and the issue price ranges from Rs 77-81. The shares are expected to list on the NSE SME platform on January 17.
Barflex Polyfilms IPO subscribed over 6 times on Day 3 so far. Check GMP, price band and other details
The Barflex Polyfilms IPO opened for subscription on January 10 and will close on January 15. Allotment is expected to be finalized on Thursday, January 16. The IPO is set to list on the NSE SME, with a tentative listing date of Monday, January 20.
Bank Nifty faces downside pressure; short covering expected in auto and pharma: Shivangi Sarda
So, buy-on decline to continue over here, but just for intraday perspective, overall swings will continue and one needs to be totally hedged in such kind of a market scenario. Till the time India Vix does not cool off, this is going to be there for some time now.