Author name: Lisl News Desk

News Desk

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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MTAR Technologies' Shares Fall 6% After Firm's Weak Q1 Results

MTAR Technologies’ Shares Fall 6% After Firm’s Weak Q1 Results

/ Results /

The shares of MTAR Technologies tumbled to over 6% on August 14, hitting an intraday low of ₹1,672.05 apiece, after its unimpressive financial results for the quarter ending on June 30, 2024. At 11:20 a.m., a partial recovery had helped the stock to down still 4%, to sell at ₹1,709.00 per share. The company posted

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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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Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale

Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale

/ Indian Market /

Vedanta Limited has said it will sell 2.6% in Hindustan Zinc through an offer for sale of stocks, as per a stock exchange filing. This will take forward the sale of around 11 crore shares of Hindustan Zinc. Hindustan Zinc has recently posted its first profit growth in six quarters, driven by firmer zinc prices

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Hindalco Q1 Results: Net Profit Rises 25% to ₹3,074 Crore

Hindalco Q1 Results: Net Profit Rises 25% to ₹3,074 Crore

/ Results /

Hindalco Industries, a flagship company of the Aditya Birla Group, reported a 25% year-on-year increase in its net profit for Q1 FY25, amounting to ₹3,074 crore. This result, announced on August 12, 2024, fell short of market expectations, as a Bloomberg poll had estimated a net profit of ₹3,428 crore for the quarter. The company’s

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Torrent Pharma May Raise Up to $3 Billion to Acquire KKR's Stake in JB Chemicals

Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals

/ Indian Market /

Torrent Pharmaceuticals, a leading player in the generic pharma industry, is reportedly planning to raise up to $3 billion from international lenders to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. This move is part of Torrent’s broader strategy to expand its market presence. According to a report by Bloomberg on August 13,

Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals Read More »

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