As of October 31, 2024, Yes Bank shares are experiencing a decline, currently trading at ₹20.41, which represents a decrease of 1.54% from the previous closing price. The broader market is also under pressure, with Nifty down by 0.56% and Sensex falling by 0.69%. During the trading day, Yes Bank reached a high of ₹20.85 … Read more
Sun Pharmaceutical Industries has reported its financial results for the second quarter of 2024, highlighting a strong performance characterized by significant revenue and profit growth. On October 28, 2024, the company announced a 9.01% increase in revenue year-over-year, alongside a remarkable 27.98% rise in profit. These results demonstrate the company’s robust recovery and operational efficiency … Read more
Godavari Biorefineries has finalized the allotment of its IPO shares, which raised ₹554.75 crore through a book building process. Investors can check their allotment status on platforms like BSE, NSE, and through the registrar, Link Intime India. The shares will be credited to investors’ demat accounts by the end of October 29, 2024. For those … Read more
Airtel’s recent Q2 results have sparked interest among investors, showcasing impressive financial growth. The telecom giant reported a staggering 168% year-on-year increase in consolidated net profit, reaching ₹3,593 crore, attributed to a solid rise in average revenue per user (ARPU). With this momentum, Airtel continues to solidify its position as India’s second-largest telecom provider, despite … Read more
Reliance Industries Ltd (RIL) recently saw its shares open at a significantly reduced price, reflecting a 50% drop in trading apps due to a bonus share issue. This adjustment, where the stock turned ex-date for a 1:1 bonus issue, caused its price to fall from Rs 2,655.45 to Rs 1,338, misleading some investors into thinking … Read more
Ambuja Cements has reported a significant decline in its net profit for the second quarter of the financial year 2025 (Q2 FY25), with a drop of 42.5% to ₹455.96 crore, down from ₹792.96 crore in the same period last year. This decline was partly attributed to an exceptional item worth ₹156.20 crore related to the … Read more
Ashok Leyland, a flagship of the Hinduja Group, stands as a giant in the commercial vehicle manufacturing sector in India. Its remarkable operational success, characterized by innovation and adaptability, has not only solidified its market leadership but has also significantly influenced its financial arm, Hinduja Leyland Finance (HLF). This synergy enhances HLF’s vehicle financing portfolio, … Read more
ICICI Bank shares surged by 3.1% to ₹1,294.55 in early trading on October 28, 2024, following the bank’s impressive Q2FY25 results, which exceeded market expectations. The robust performance, characterized by a core return on assets (RoA) of 3.1%, has prompted analysts to raise their target prices while maintaining a ‘buy’ rating. ICICI’s focus on high-quality … Read more
IndusInd Bank has recently faced scrutiny as analysts downgrade their share price targets amid disappointing quarterly results. The bank’s Q2 earnings report revealed a significant decline in net profit, attributed to higher provisions, reduced other income, and slower growth in higher-yielding loans. This financial performance has led firms like Nirmal Bang and MOFSL to reevaluate … Read more
Shares of Sona BLW Precision Forgings Ltd Sona Comstar experienced a significant rally, climbing over 10% in Thursday’s trading session. This surge follows the company’s announcement regarding its acquisition of the Railways Equipment Division from Escorts Kubota for ₹1,600 crore. Analysts view this acquisition as EPS-accretive, indicating that it adds value to earnings per share, … Read more