NTPC Green Energy and Avanse Financial Services have received approval from SEBI for their upcoming IPOs, while VMS TMT has decided to withdraw its IPO plans. SEBI issued observation letters for NTPC Green on October 22 and Avanse Financial Services on October 23, allowing them to launch their IPOs within the next year. NTPC Green […]
Shares of Praj Industries fell nearly 5% on October 28 after the company reported disappointing Q2 results. Net profit for the September quarter declined 14% year-on-year to Rs 53.83 crore, down from Rs 62.37 crore in the same period last fiscal. Revenue also dropped by around 7.5%, reaching Rs 816.19 crore compared to Rs 882.33
Praj Industries Shares Slide 5% Following Disappointing Q2 Earnings Read More »
Ambuja Cements, part of the Adani Group, reported a 42% year-on-year decline in consolidated net profit for Q2 FY25, reaching Rs 456 crore as weak cement prices and sluggish demand weighed on earnings. Although revenue rose slightly by over 1% to Rs 7,516 crore, the company’s profit missed analysts’ expectations. Operating costs saw a 4%
Ambuja Cements’ Q2 Profit Drops 42% to Rs 456 Crore Due to Weak Prices and Demand Read More »
Sun Pharmaceutical Industries reported a 28% year-on-year jump in net profit to Rs 3,040 crore for Q2 FY25, surpassing market expectations. The strong earnings were driven by favorable seasonality and robust sales in the specialty segment. Revenue from operations rose 9% to Rs 13,291 crore, closely aligning with analysts’ estimates. The company’s EBITDA margin expanded
Sun Pharma’s Q2 Profit Surges 28% to Rs 3,040 Crore Read More »
Premium Plast shares began trading on the NSE SME on October 28, listing at Rs 51.45, a modest 5% premium over the IPO price of Rs 49 per share. The subdued debut fell short of grey market expectations, which had indicated an 18% premium based on a grey market premium (GMP) of Rs 9. Admittedly,
Premium Plast Makes Subdued Debut, Lists at 5% Premium on NSE SME Read More »
Shares of IDFC First Bank tumbled over 9% on October 28 after the private sector lender reported a significant 73% drop in net profit for the second quarter, falling to Rs 200.7 crore from Rs 751 crore in the same period last year. Despite a 21% increase in Net Interest Income (NII) to Rs 4,788
IDFC First Bank Shares Drop 9% Following 73% Q2 Profit Decline Read More »
Waaree Energies, a prominent solar PV modules manufacturer, is making its stock market debut today, October 28, after receiving a record response for its initial public offering (IPO). The shares will begin trading on the BSE and NSE, with the company raising ₹4,321.44 crore through a combination of fresh issues and an offer for sale.
Waaree Energies IPO Debuts Today with Anticipation of 100% Listing Gains Read More »
The broader markets saw significant losses in the week ending October 25, as over 300 small-cap stocks fell by 10-32%. The underperformance stemmed from weak Q2 earnings, sector-wide selling, foreign institutional investor (FII) outflows, and mixed global market signals ahead of the US presidential election. Key indices, BSE Sensex and Nifty50, dropped by 2.24% and
Over 300 Small-Caps Drop 10-32% as Broader Markets Underperform Read More »
CMS Info Systems reported an 8% year-on-year rise in net profit to Rs 91 crore for Q2FY25, while revenue grew 15% to Rs 624 crore. Profit growth was constrained by slower consumption, elections, and heavy rains in the first half of the year, with quarterly profit remaining flat. Cash Logistic business expanded 8% to Rs
CMS Info Systems’ Q2 Net Profit Rises 8% YoY to Rs 91 Crore, Revenue Grows 15% Read More »
Adani Group’s subsidiary, Renew Exim DMCC, has entered into a definitive agreement to acquire a 46.64% equity stake in ITD Cementation India Ltd from Italian-Thai Development Public Company Ltd (ITD) for approximately Rs 3,204 crore, priced at Rs 400 per share. This acquisition is expected to enhance Adani’s civil engineering capabilities, particularly in sectors such
