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
IDBI Bank reported a 38.78% increase in standalone net profit for Q2 FY25, reaching Rs 1,836.45 crore, up from Rs 1,323.27 crore in the same period last year, according to an exchange filing on October 25. The bank’s net profit for the June quarter stood at Rs 1,719.27 crore, indicating sequential growth as well. Total
IDBI Bank Q2 Net Profit Soars 39% YoY; Shares Climb 1% Read More »
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
Bharat Electronics’ Q2 Net Profit Rises 34% YoY; Order Book at Rs 74,595 Crore Read More »
Shares of DCB Bank surged 10% to Rs 121 on October 25 after the lender announced impressive results for Q2 FY25. The bank’s net profit rose 22.6% year-on-year to Rs 155.5 crore, supported by a 7% increase in net interest income (NII) to Rs 509.2 crore. Improvements in asset quality also contributed to investor confidence,
DCB Bank Soars 10% Following Strong Q2 Performance Read More »
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
IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint Read More »
Shares of NTPC fell over 3% in early trade on October 25, even as the state-run power giant posted better-than-expected earnings for Q2 FY25. The company’s consolidated net profit rose 14% year-on-year to Rs 5,380 crore, while revenue from operations dipped slightly to Rs 44,696 crore. The board also declared an interim dividend of Rs
NTPC Shares Dip 3% Despite Strong Q2 Earnings Beat Read More »
