Sunteck Realty reported a 348% year-on-year rise in net profit to Rs 35 crore for Q2, with revenue surging 578% to Rs 169 crore. Pre-sales grew 33% to Rs 524 crore, while collections rose 25%. It also outlined key ongoing projects in Mumbai and Dubai.
Posts in category Economic Times
Ahead of Market: 10 things that will decide stock action on Wednesday (12-11-2024)
Indian indices, Sensex and Nifty, closed lower on Tuesday, driven by declines in banking, financial, and auto stocks. Sensex fell 821 points and Nifty dropped 258 points. October CPI inflation rose to 6.21%, fueling market concerns for Wednesday.
Vodafone Idea Q2 Preview: Losses to narrow; ARPU to improve on tariff hikes (12-11-2024)
Net losses for the quarter are estimated to narrow to around Rs 6,300-6,400 crore, according to three brokerages. Revenue is projected to increase by 5% year-on-year in the September quarter. Sequentially, analysts anticipate solid growth in revenue, operating profit, and ARPU (Average Revenue Per User) for the telecom company.
ECBs by Indian cos contract 1.1 billion in September: RBI data (12-11-2024)
External commercial borrowings in September dropped by $1.1 billion to $4.8 billion. Financial services led the borrowing activity, with Power Finance Corporation raising $1.06 billion. Other key borrowers included Shriram Finance and Cholamandalam Investment.
PN Gadgil Jewellers Q2 Results: PAT soars 59% to Rs 35 crore, revenue up 46% (12-11-2024)
P N Gadgil Jewellers reported a 46% revenue growth to Rs 2,001.3 crore in Q2 FY25, with a 59% increase in PAT to Rs 34.9 crore. Strong festive demand, lower gold import duties, and a successful flagship event drove the performance.
Market Trading Guide: Ramco Cements among 2 stock recommendations for Wednesday (12-11-2024)
FII-driven selling pressure continued to weigh on domestic markets, with indices closing lower. The strengthening US dollar, driven by “Trumponomics,” and rising domestic inflation, fueled by increasing food prices and a depreciating rupee, are impacting sentiment and may influence the RBI’s policy.
Religare Enterprises Q2 Results: Net profit shoots up 70% to Rs 68 crore (12-11-2024)
Religare Enterprises on Tuesday reported a 70 per cent jump in consolidated net profit to Rs 68.49 crore for the second quarter ended September 2024. The financial services firm had a consolidated net profit of Rs 40.35 crore in the July-September quarter of 2023-24.
US stocks open flat as focus moves to economic data (12-11-2024)
Wall Street was steady at the open on Tuesday as focus shifted from the U.S. election to key inflation data later in the week for more signals on the country’s economic and monetary policy outlook.
Sebi simplifies registration of certain categories of FPIs (12-11-2024)
To facilitate ease of onboarding of Foreign Portfolio Investors and reduce duplication of available information, markets regulator Sebi on Tuesday said applicants can choose to fill either the entire Common Application Form (CAF) or an abridged version with unique fields.