India’s benchmark equity indices edged slightly lower on Friday, as worries over corporate earnings and foreign outflows outweighed gains in information technology stocks following the widely-expected interest rate cut by the U.S. Federal Reserve.
Posts in category Economic Times
Share price of PI Industries as Sensex drops 85.25 points (08-11-2024)
A total of 2,096 shares changed hands on the counter till 01:49PM (IST)
What is fuelling M&M’s growth even as the auto sector is slowing down? Anish Shah explains (08-11-2024)
Mahindra & Mahindra is thriving. The company is witnessing remarkable growth across its businesses. New product launches, especially in the SUV segment, are driving this success. Mahindra is also making strategic investments in growth areas. These areas include electric vehicles and renewable energy. The company remains optimistic about future prospects.
SBI Q2 Results: PAT jumps 28% YoY to Rs 18,331 crore, beats estimates (08-11-2024)
SBI Q2 Results: State Bank of India (SBI) reported a 28% YoY rise in profit to Rs 18,331 crore, beating earnings estimates of Rs 15,550 crore. Net interest income grew 5% YoY to Rs 41,620 crore, while pre-provision operating profit surged 51% YoY to Rs 29,294 crore for the July-September 2024 quarter.
Share price of Tube Investments as Nifty (08-11-2024)
A total of 2,011 shares changed hands on the counter till 01:40PM (IST).
Bank of Baroda shares 1.02% as Sensex falls (08-11-2024)
A total of 486,410 shares changed hands on the counter till 01:35PM (IST)
Bajaj Holdings shares 0.4% as Sensex falls (08-11-2024)
The stock quoted a 52-week high of Rs 11348.50 and a 52-week low of Rs 7044.00.
Au Small Fin Bank 2.71% as Sensex (08-11-2024)
The stock traded at a P/E multiple of 23.91, while the price-to-book value ratio stood at 0.00.
Swiggy GMP near zero as IPO gets fully subscribed, hinting at flat-to-negative listing (08-11-2024)
Swiggy’s IPO saw a lukewarm response on its final day, with the grey market premium plummeting to near zero. The muted demand, particularly from retail investors, is attributed to concerns over the company’s profitability and a lackluster market sentiment. While Swiggy aims to leverage the IPO proceeds for expansion and technology upgrades, analysts remain cautious about its path to profitability.
ACME Solar Holdings IPO sails through on Day 3. Check GMP, other details (08-11-2024)
ACME Solar Holdings plans to use the net proceeds from its IPO to repay outstanding borrowings and fund general corporate purposes, with the OFS proceeds going to the promoter-selling shareholder. For FY24, the company reported a revenue of Rs 470.84 crore and a profit after tax of Rs 419.56 crore, reversing a loss from FY23.