Indian indices fell over 1% on Thursday, erasing prior gains, driven by profit-booking, concerns over foreign inflows, and weak corporate earnings. Analysts suggest mixed sentiment, with some maintaining a bullish short-term outlook for the Nifty, targeting 25,350.
Posts in category Economic Times
Northern Arc secures USD 65 mn debt commitment from global firms for climate fund (07-11-2024)
Northern Arc has secured USD 65 million for its first climate fund, aiming to support sustainable businesses in India. The fund, backed by DFC and OeEB, will provide debt financing to companies in renewable energy, energy efficiency, and other green sectors.
Emcure Pharma Q2 Results: Net profit rises 38% to Rs 202 crore, revenue jumps 20% (07-11-2024)
Emcure Pharmaceuticals reported a 38.2% YoY rise in Q2FY25 net profit to Rs 202 crore, driven by strong domestic and international sales. Revenues grew 20.4% to Rs 2,002 crore, while EBITDA rose 26%, with margins at 20.8%.
JB Pharma Q2 Results: Net profit jumps 16% to Rs 175 crore, revenue up 13% (07-11-2024)
JB Pharma reported a 16% YoY increase in Q2FY25 net profit to Rs 175 crore, driven by 22% growth in domestic business. Revenues rose 13% to Rs 1,001 crore, while EBITDA grew 13%, maintaining margins at 28.4%.
Alembic Pharma Q2 Results: Net profit rises 12% to Rs 153 crore, revenue up 3% (07-11-2024)
Alembic Pharma reported a 12% YoY rise in Q2FY25 net profit to Rs 153 crore, driven by strong domestic and US market sales. Revenues grew 3% to Rs 1648 crore, while EBITDA declined 6%, with margins at 15.6%
Sustained AUM growth, firm asset quality bode well for Aadhar Housing Finance (07-11-2024)
Aadhar Housing Finance’s stock has risen 47% since its IPO, driven by strong growth and government focus on affordable housing. Despite market volatility, the stock has gained 8% in the past month, attracting investor interest.
Market Trading Guide: BEML among 2 stock recommendations for Friday (07-11-2024)
The domestic market saw deeper cuts, erasing Wednesday’s gains amid disappointing Q2 results and ongoing FII selling. Investors are focused on the upcoming Fed meeting and domestic public spending.
AkzoNobel India Q2 Results: PAT rises 4% to Rs 97 crore; Rs 70 per share dividend announced (07-11-2024)
AkzoNobel India reported a 4% YoY increase in PAT to Rs 97.9 crore and a 3% rise in revenue to Rs 982.3 crore, despite rising raw material costs. The company declared a Rs 70 interim dividend and is exploring strategic options in the Indian market.
SAIL Q2 Results: Profit falls 31% to Rs 897 crore, total income down 16.8% (07-11-2024)
Steel Authority of India Ltd (SAIL) reported a 31% YoY decline in Q2 net profit to Rs 897.15 crore, with total income down 16.8%. Lower performance was due to cheaper imports, price drops, and inventory challenges.
Emami Q2 Results: Standalone profit rises 31% to Rs 214 crore, revenue up 1.1% (07-11-2024)
Emami Ltd reported a 31% YoY increase in Q2 net profit to Rs 214.1 crore, despite subdued demand. Revenue grew 1.1% to Rs 709 crore, with domestic sales rising 2.6%. High food inflation and global disruptions impacted performance.