Author name: Lisl News Desk

News Desk

Wall Street Closes Strong as Economic Fears Subside, Best Weekly Gains of 2024

Wall Street Closes Strong as Economic Fears Subside, Best Weekly Gains of 2024

/ Global Market​​

U.S. stocks climbed on Friday, giving back their strongest week of the year, as fears of a possible recession waned. The S&P 500 and Nasdaq registered a seventh day of consecutive gains, rebounding from losses two weeks ago when weak economic data and fear of a recession rattled investors. All three major indexes notched their […]

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Ola Electric Shares Surge 20% on First Buy Rating and Entry into Electric Motorcycles

Ola Electric Shares Surge 20% on First Buy Rating and Entry into Electric Motorcycles

/ Indian Market

Ola Electric Mobility shares surged 20 percent to ₹133 in afternoon trading on August 16, following the first ‘Buy’ rating given by HSBC. This came just after the company’s June quarter earnings were released earlier this week. HSBC set a price target of ₹140, suggesting upside potential of 26 percent over the previous day’s closing

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Hindustan Zinc Shares Drop 8% as Vedanta's Discounted OFS Opens

Hindustan Zinc Shares Drop 8% as Vedanta’s Discounted OFS Opens

/ Indian Market

Hindustan Zinc shares slumped almost 8% in opening trades on August 16 after Vedanta Ltd opened its offer-for-sale, aimed at selling 3.17% stake in the latter. The OFS will happen between August 16-19. It has a base offer of 1.22%, with a possible expansion to 3.17% in case of oversubscription. The shares are being offered

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Ola Electric Reports Q1 FY25 Net Loss of ₹347 Crore Despite 32% Revenue Growth

Ola Electric Reports Q1 FY25 Net Loss of ₹347 Crore Despite 32% Revenue Growth

/ Results

Ola Electric Mobility reported a net loss of ₹347 crore for the quarter ending June 30, 2024, marking a 30% increase in losses from ₹267 crore in the same period last year. However, the company, which recently made its debut on the stock market, saw its consolidated revenue from operations rise by 32% year-on-year to

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HAL's Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11%

HAL’s Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11%

/ Indian Market

Hindustan Aeronautics Ltd has posted strong numbers for the first quarter of FY25, with a consolidated net profit of ₹1,437 crore, up 77% against ₹814 crore in the same quarter last year. Consolidated revenue from operations stood at ₹4,348 crore, up 11% against ₹3,915 crore on a year-over-year basis; its total income was through at

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Marksans Pharma Surges 13% After Strong Q1 Performance Boosts Investor Confidence

Marksans Pharma Surges 13% After Strong Q1 Performance Boosts Investor Confidence

/ Results

Marksans Pharma share edged 13 per cent higher in opening deals today, August 14, 2024, after the company posted strong numbers for the April-June quarter of FY25. The stock was at ₹202.18 on the NSE at 11:54 AM, near its intraday high of ₹213. Its stellar earnings report saw a sharp rise in trading volume

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Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank

Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank

/ Indian Market

Akihiro Fukutome, global CEO of Sumitomo Mitsui Banking Corporation, is reportedly visiting India this week to consider picking up a sizeable stake in Yes Bank Ltd. According to a Mint report, SMBC could be looking at an investment of as much as USD 5 billion for a 51% stake in the private sector lender in

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