The government’s offer-for-sale for more than 4.75 crore Hindustan Zinc Ltd (HZL) shares to institutional investors over-subscribed on Wednesday, with institutional buyers putting bids worth close to Rs 3,400 crore. On the first day of the two-day OFS, bids came in for over 6.69 crore shares, which is 1.41 times the total of 4.75 crore shares on offer for institutional buyers.
Posts in category Economic Times
Gulf Oil Lubricants Q2 Results: PAT grows 15% to Rs 84.44 crore (06-11-2024)
Lubes maker Gulf Oil Lubricants India on Wednesday reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. The Hinduja Group firm had delivered a PAT of Rs 73.66 crore in the second quarter of FY 2023-24.
Swiggy IPO subscribed 12% on first day of bidding (06-11-2024)
Swiggy plans to raise Rs 4,499 crore in primary capital, while shares worth Rs 6,828 crore are being put up on offer for sale by existing investors. The company has set a price band of Rs 371-390 for the issue.
TeamLease Services Q2 Results: Net profit falls 10% to Rs 24.85 crore (06-11-2024)
Staffing company TeamLease Services on Wednesday reported a 10.12 per cent decline in consolidated net profit to Rs 24.85 crore for the quarter ending September 2024. The company’s net profit stood at Rs 27.65 crore during the corresponding period of the previous financial year, TeamLease Services said in a regulatory filing.
Economy revving but inflation gauge flashing red: RBI’s Das (06-11-2024)
RBI Governor Shaktikanta Das stated that India’s economy remains robust but warned of escalating inflation, potentially surpassing September’s 5.5%. He indicated that high inflation might deter interest rate cuts in the upcoming December policy review. Das also highlighted the resilience of India’s financial sector and its ability to withstand global economic fluctuations.
These 5 stocks have steady growth in quarterly EPS (06-11-2024)
Using StockEdge.com’s data, here are 5 stocks from Nifty 500 that have shown a consistent rise in quarterly EPS through the September 2024 quarter. This trend reflects their ability to deliver steady earnings growth to shareholders.
Max Healthcare Q2 Results: Profit up nearly 2% to Rs 282 crore (06-11-2024)
Max Healthcare Institute has posted 1.9 per cent rise in consolidated net profit at Rs 281.81 crore for September quarter FY25, on higher revenue from operations. Profit stood at Rs 276.68 crore in the year-ago period, according to a regulatory filing.
Trent Q2 Results Preview: Revenue may grow up to 56% on store additions. Watch for commentary on demand outlook (06-11-2024)
Estimates from Kotak Institutional Equities, Nuvama Institutional Equities, and Axis Securities reveal differing outlooks: Nuvama is most conservative on revenue and PAT, Kotak is bullish on revenue, while Axis is the most optimistic on Trent’s net profit.
Aadhar Housing Finance Q2 Results: Profit rises 15% to Rs 228 crore (06-11-2024)
Aadhar Housing Finance reported a 15% YoY rise in net profit to Rs 228 crore in Q2FY25. Total income rose 21.5% to Rs 764 crore. Assets under management expanded 21% to Rs 22,817 crore at the end of September.