Indian Railway Finance Corporation (IRFC) reported a 4% YoY rise in Q2 FY24 profit after tax (PAT) to Rs 1,612.65 crore, with revenue from operations up by 2%. The company declared an interim dividend of Rs 0.80 per share. IRFC shares have surged 113% over the past year but have declined 20% in the last three months.
Posts in category All News
Embassy Office Parks shares in focus as CEO steps down after Sebi directive (05-11-2024)
Shares of Embassy Office Parks REIT are in focus as CEO Aravind Maiya was suspended by SEBI for violating compliance norms. Maiya will transition to the role of Head of Strategy for the company. This follows an NFRA ruling that debarred him for 10 years over professional misconduct related to his prior role as an auditor for Coffee Day Enterprises, where lapses in audit standards contributed to a major financial scandal.
F&O Radar| Deploy Bear Put Spread in Grasim for potential gains from bearish outlook (05-11-2024)
Grasim, currently at Rs 2590.60, signals potential downside with a bearish engulfing candle and weakening momentum. Analysts predict further decline below Rs 2,580, targeting support levels at Rs 2,490 and Rs 2,420. Option data and technical indicators support this bearish outlook, suggesting a Bear Put strategy for potential gains.
Add IRB Infrastructure Developers, target price Rs 69: HDFC Securities (05-11-2024)
HDFC Securities suggests adding IRB Infrastructure Developers shares with a target price of Rs 69. Currently, the share price is Rs 53.63. The company reported a decrease in income and a rise in net profit for the latest quarter. Future orders and increased toll growth are expected to improve the outlook.
These 4 stocks closed crossing above VWAP on November 4 (05-11-2024)
This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.
Donald Trump or Kamala Harris? Who is better as US President for Nifty bulls (05-11-2024)
As the US election results loom, Indian markets brace for potential volatility. Analysis of market performance under past presidents reveals no clear winner for investors. Experts predict a short-term rally if Trump wins, while a Harris victory suggests continued stability but potential vulnerability for IT stocks.
Larsen & Toubro to acquire 21% stake in E2E Networks (05-11-2024)
E2E Networks specializes in providing CPU and GPU-based cloud computing platforms, to help its customers carry out large scale general
and AI-workloads by leveraging its relationship with NVIDIA.
Sundaram Finance Holding – Like a mutual fund of top notch TVS group auto ancilliary companies (05-11-2024)
Niva Buppa IPO is coming. SFHL is invested in promoter investor Fettle Tone LLP to tune of 87 cr. Found following note “Investment is made for the specific purpose of reinvesting in Nivabupa Health Insurance Company Limited as per the agreement
entered into with Fettle Tone LLP”
This should see some value unlocking depending on agreement.
Exide Industries shares jump 1% after Q2 profit drops 14%. Should you buy or sell? (05-11-2024)
Exide Industries witnessed a 13.66% dip in consolidated profit for the September quarter, despite a rise in revenue. The company’s profits were impacted by increased expenses, even as demand in sectors like two-wheeler, four-wheeler, and industrial-UPS remained strong.