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News Desk

Over 300 Small-Caps Drop 10-32% as Broader Markets Underperform

Over 300 Small-Caps Drop 10-32% as Broader Markets Underperform

/ Indian Market

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 […]

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CMS Info Systems' Q2 Net Profit Rises 8% YoY to Rs 91 Crore, Revenue Grows 15%

CMS Info Systems’ Q2 Net Profit Rises 8% YoY to Rs 91 Crore, Revenue Grows 15%

/ Indian Market

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 Renew Exim Acquires 46.64% Stake in ITD Cementation, Launches Rs 2,553 Crore Open Offer

Adani Group’s Renew Exim Acquires 46.64% Stake in ITD Cementation, Launches Rs 2,553 Crore Open Offer

/ Indian Market

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

Adani Group’s Renew Exim Acquires 46.64% Stake in ITD Cementation, Launches Rs 2,553 Crore Open Offer Read More »

Bharat Electronics' Q2 Net Profit Rises 34% YoY; Order Book at Rs 74,595 Crore

Bharat Electronics’ Q2 Net Profit Rises 34% YoY; Order Book at Rs 74,595 Crore

/ Results

Bharat Electronics (BEL), a defense public sector undertaking and Nifty50 constituent, reported a standalone turnover of Rs 4,425.29 crore for Q2 FY25, marking a 14.8% increase from Rs 3,918.13 crore in the same period last year. Net profit surged by 34.4% year-on-year to Rs 1,091.27 crore for the September quarter. Following the earnings announcement, BEL

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IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint

IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint

/ Indian Market

IndusInd Bank’s stock plummeted 15% on October 25, marking its steepest decline in nearly five months, following weaker-than-expected Q2 FY25 results. The bank’s consolidated net profit dropped 39.5% year-on-year to Rs 1,331 crore, missing estimates. While net interest income rose 5% to Rs 5,347 crore, it was below market expectations, and the net interest margin

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Dixon Tech Shares Drop 4% Despite Strong Q2 Performance

Dixon Tech Shares Drop 4% Despite Strong Q2 Performance

/ Indian Market

Shares of Dixon Technologies fell over 4% to Rs 14,230 in morning trade on October 25, even though the company reported solid earnings for the second quarter of FY25. Despite the dip, analysts remain optimistic about Dixon’s growth prospects, driven by its mobile segment, IT hardware, and backward integration strategies. The company posted a 263%

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Swiggy Lowers IPO Valuation Target to $12.5-13.5 Billion Amid Market Volatility

Swiggy Lowers IPO Valuation Target to $12.5-13.5 Billion Amid Market Volatility

/ Indian Market

Food delivery giant Swiggy is reportedly aiming for a valuation of $12.5-13.5 billion for its upcoming IPO, reducing its target by 10-16% from the initial $15 billion. The decision comes amid market volatility and a recent correction in Indian stock markets, according to two sources familiar with the matter. Swiggy’s IPO, expected to raise $1.4

Swiggy Lowers IPO Valuation Target to $12.5-13.5 Billion Amid Market Volatility Read More »

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