Vishal Mega Mart files updated IPO papers with Sebi; eyes Rs 8,000-cr
Supermart major Vishal Mega Mart on Thursday filed its updated draft papers with capital markets regulator Sebi to float Rs 8,000-crore through an initial public offering (IPO).
Havells India Q2 Results: Cons PAT rises 7.5% YoY, revenue jumps 16%
While yearly revenue jumped by 16.4% to Rs 4,539.31 crore, the company experienced a decline on a quarterly basis. Profit fell by 34.3% and revenue dropped by nearly 22% compared to the previous quarter.
Jindal Stainless Q2 Results: PAT up 2% at Rs 589 crore, sees tailwinds in domestic market
July-Sep quarter sales at Rs. 9746 crore remain flat as dumping from China and Vietnam continues, says company.
Tata Chemicals Q2 Results: Net profit falls 55% to Rs 194 crore
Tata Chemicals on Thursday reported a 54.67 per cent decline in its consolidated net profit at Rs 194 crore during the second quarter ended September 2024. The company’s net profit stood at Rs 428 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing.
Infosys, Wipro ADRs fall over 4% following Q2 earnings on Thursday
Infosys reported a 5% rise in Q2 net profit, reaching Rs 6,506 crore. Driven by strong performance and mega-deals, the company raised its FY25 revenue growth guidance to 3.75%–4.5% from the previous 3-4%.
Tech view: Nifty crucial support at 24,690, forms big red candle. How to trade tomorrow
If Nifty stays below 24,690, it may fall further to 24,500–24,400 levels. On the upside, immediate resistance is at 25,000, with the 21-day Exponential Moving Average (21-DEMA) at 25,185, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
Will October’s bears continue to dominate? Rahul Sharma answers
This has come very close to 200-day exponential moving average. If that gets broken below 12,000, more weakness can come in in this stock as well.
Is it time to bet on IT and private bank stocks? Mihir Vora answers
So, headline numbers tend to kind of mask a bit of the underlying churn that is going on in the segment, that is one. And whether we like it or not, midcaps and smallcaps are now 40% of the market cap.
CRISIL stock jumps over 8% following September quarter results
CRISIL Share Price: CRISIL shares surged over 8% on the BSE after the company reported a 12.9% YoY increase in net profit for Q3 FY24. Revenue from operations rose 10.3%. The board declared an interim dividend of Rs 15 per share. Geopolitical uncertainties and divergent global growth patterns remain risks.
Is there money to be made in the AMC stocks? Should you bet on Voda Idea? Anshul Saigal answers
Anshul Saigal of Saigal Capital suggests a cautious, small investment in Vodafone Idea, considering the telecom sector’s potential price hikes. He also advises tempering expectations for AMC stocks, which have surged this year. Saigal views IPO investments skeptically, highlighting that better entry points often emerge post-listing, and calls recent event-driven market spikes opportunities to sell, […]