Revenue from operations rose 13.8% year-on-year (YoY) to Rs 103.67 crore in Q2 FY25. Profit before tax was Rs 41.06 crore, an 8.18% decline from Rs 44.7 crore in the same quarter of the previous fiscal.
Posts in category Economic Times
For rest of FY25, capex likely to move up and emerge as a significant trigger for market: Vinit Sambre (11-11-2024)
Indian markets are witnessing a slowdown in earnings growth. Investors are looking for companies with strong cash flows and return on equity. Sectors like consumer discretionary and banking are expected to perform well. IT sector is also showing promise due to global recovery. However, sectors like utilities and engineering are trading at high valuations.
RIL shares slide 7% in a month. What’s lies ahead for India’s largest co by market cap? (11-11-2024)
On the charts, the stock has been in a downtrend since peaking around the Rs 1,610 level and is currently positioned below its 200-day exponential moving average (DEMA). In September, the price entered a consolidation phase, followed by a death crossover on October 1, when the 10 DEMA crossed below the 20 DEMA.
Will upward momentum in IT stocks continue? Aditya Arora answers (11-11-2024)
And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.
Japan’s Nikkei ends slightly higher; dim corporate outlook dulls Sony’s shine (11-11-2024)
Japan’s Nikkei share average saw a slight increase, driven by Sony’s impressive 73% quarterly profit surge. However, the overall market sentiment remained cautious due to downbeat forecasts from domestic companies like Honda and Nissan. Investors are now closely watching upcoming earnings reports from major players like SoftBank and banking institutions for further market direction.
Saurabh Mukherjea picks these 7 small and midcap stocks, exits Info Edge (11-11-2024)
Mukherjea’s smallcap-focused Little Champs portfolio and midcap-oriented Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, in FY24. He attributes this performance to improved earnings growth and adjustments within the portfolios.
Waaree Energies shares crack by 19% in 3 days amid selling pressure after Trump’s victory (11-11-2024)
After the stock’s decline over the last three sessions, the company’s market capitalization on the BSE has dropped to Rs 84,606 crore, down from the Rs 1 lakh crore mark reached last week.
LG walking Hyundai path, hires another banker for $1.5 billion IPO (11-11-2024)
LG Electronics is planning to list its Indian unit on the stock market. The South Korean company has hired Axis Capital to help with the IPO. LG is aiming to raise up to $1.5 billion. The IPO could happen as early as next year. India is becoming a popular place for companies to raise money.
Cummins India, Cipla among 5 stocks with short buildup (11-11-2024)
On November 11, five stocks saw fresh short positions with rising open interest and falling stock prices, indicating bearish sentiment: Cummins India, Cipla, Godrej Consumer Products, Nalco, and Atul.