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Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22

Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22

Shares of Mazagon Dock Shipbuilders jumped over 5% on October 18 after the company announced plans to discuss a stock split and interim dividend at its board meeting scheduled for October 22. The state-run defense firm’s stock surged to a day’s high of ₹4,460 on the NSE, and was trading at ₹4,430, up 4.54%, by […]

Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22 Read More »

Infosys Stock Falls 4% After Slight Q2 Earnings Miss

Infosys Stock Falls 5% After Slight Q2 Earnings Miss

Shares of Infosys fell by as much as 5% in early trading on October 18, following a slight miss in its Q2 FY25 earnings report. The company’s consolidated net profit came in at ₹6,506 crore, a 2.2% sequential increase but below the ₹6,769 crore estimate. Revenue rose 4.2% quarter-on-quarter to ₹40,986 crore, slightly missing the

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Manappuram Finance Shares Plunge 15% After RBI Orders Asirvad Micro Finance to Halt Loan Disbursals

Manappuram Finance Shares Plunge 15% After RBI Orders Asirvad Micro Finance to Halt Loan Disbursals

Shares of Manappuram Finance fell sharply by 15% on October 18, hitting the lower circuit at ₹150.73 on the NSE, following a directive from the Reserve Bank of India (RBI). The central bank has instructed Asirvad Micro Finance Limited, a key subsidiary of Manappuram Finance, to stop sanctioning or disbursing loans from the close of

Manappuram Finance Shares Plunge 15% After RBI Orders Asirvad Micro Finance to Halt Loan Disbursals Read More »

DCW Shares in Focus as Company Announces ₹140 Crore Investment for CPVC Production Expansion

DCW Shares in Focus as Company Announces ₹140 Crore Investment for CPVC Production Expansion

DCW Ltd’s share price is set to be in the spotlight on October 18 as the company plans to invest ₹140 crore to expand its Chlorinated Polyvinyl Chloride (CPVC) production capacity. The investment will be funded through a combination of bank financing and internal accruals, with the goal of increasing production capacity from 20,000 metric

DCW Shares in Focus as Company Announces ₹140 Crore Investment for CPVC Production Expansion Read More »

Godavari Biorefineries Sets IPO Price Band at ₹334-352 per Share; Launches on October 23

Godavari Biorefineries Sets IPO Price Band at ₹334-352 per Share; Launches on October 23

Godavari Biorefineries Ltd has set a price range of ₹334-352 per share for its upcoming ₹555-crore initial public offering (IPO), which will open for subscription on October 23 and close on October 25. The anchor investor bidding starts on October 22. The allotment will be finalized on October 28, with refunds and credit of shares

Godavari Biorefineries Sets IPO Price Band at ₹334-352 per Share; Launches on October 23 Read More »

China's Q3 GDP Grows 4.6%, Exceeds Expectations Amid Economic Stimulus Push

China’s Q3 GDP Grows 4.6%, Exceeds Expectations Amid Economic Stimulus Push

China’s economy grew by 4.6% in the third quarter of 2024 compared to the same period last year, according to official data released on Friday. The growth rate slightly surpassed analysts’ expectations of 4.5% but showed a slowdown from the 4.7% expansion in the previous quarter. The third-quarter figures come as the government ramps up

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Axis Bank Q2 FY25 Results: Net Profit Climbs 18% YoY to ₹6,918 Crore

Axis Bank Q2 FY25 Results: Net Profit Climbs 18% YoY to ₹6,918 Crore

Axis Bank posted an 18% year-on-year increase in net profit for Q2 FY25, amounting to ₹6,918 crore, up from ₹5,864 crore in the corresponding period last year. The rise was supported by higher core lending income, reflecting strong credit demand during the quarter. The private lender’s net interest income grew nearly 10% to ₹13,533 crore,

Axis Bank Q2 FY25 Results: Net Profit Climbs 18% YoY to ₹6,918 Crore Read More »

Wipro Q2 FY25 Results: Net Profit Surges 21% to ₹3,209 Crore; 1:1 Bonus Share Announced

Wipro Q2 FY25 Results: Net Profit Surges 21% to ₹3,209 Crore; 1:1 Bonus Share Announced

Wipro announced a 21% rise in net profit for Q2 FY25, reaching ₹3,209 crore, compared to ₹2,646 crore in the same quarter last year. The IT services giant also declared a 1:1 bonus share issue, rewarding shareholders amid a challenging market environment. Revenue for the July-September quarter declined slightly by 1% year-on-year to ₹22,302 crore,

Wipro Q2 FY25 Results: Net Profit Surges 21% to ₹3,209 Crore; 1:1 Bonus Share Announced Read More »

Infosys Q2 FY25 Results: Net Profit Rises to ₹6,506 Crore, Misses Estimates

Infosys Q2 FY25 Results: Net Profit Rises to ₹6,506 Crore, Misses Estimates

Infosys reported a 2.2% increase in net profit for Q2 FY25, reaching ₹6,506 crore, up from ₹6,368 crore in the previous quarter. The company’s revenue for the July-September period grew by 4.2% sequentially to ₹40,986 crore. Despite the growth, the results fell short of market expectations, with a Moneycontrol poll predicting net profit at ₹6,769

Infosys Q2 FY25 Results: Net Profit Rises to ₹6,506 Crore, Misses Estimates Read More »

Nestlé India Q2 FY25 Results: Net Profit Dips to ₹899 Crore, Revenue Up 1.3%

Nestlé India Q2 FY25 Results: Net Profit Dips to ₹899 Crore, Revenue Up 1.3%

Nestlé India’s net profit for Q2 FY25 dropped slightly to ₹899 crore from ₹908 crore a year ago. Revenue increased by 1.3% to ₹5,104 crore, compared to ₹5,037 crore in the same period last year. The company faced high commodity prices, particularly in coffee and cocoa, impacting key brands. Despite this, five of the top

Nestlé India Q2 FY25 Results: Net Profit Dips to ₹899 Crore, Revenue Up 1.3% Read More »

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