Ola Electric shares fell 3.7% below the IPO price of Rs 76. The stock has lost over 50% of its market capitalization since its debut. The company has faced scrutiny from the CCPA due to rising consumer complaints. Data also shows Ola’s market share shrinking to a 16-month low.
Posts in category Economic Times
Sandip Sabharwal on safe sparklers, high-risk rockets and value bombs for this Dhanteras (29-10-2024)
Sandip Sabharwal suggests IDFC First Bank for relatively safe investments due to its strong business model and asset quality. He recommends Ahluwalia Contracts for higher returns, citing its strong order book and low debt. InterGlobe Aviation is highlighted as a value investment due to its market position and growth prospects in India’s aviation sector.
Adani Enterprises Q2 Results: Profit skyrockets 664% YoY to Rs 1,742 crore, revenue up 16% (29-10-2024)
Adani Enterprises Q2 Results: Company reported a remarkable 664% year-on-year increase in its consolidated net profit for the September quarter, reaching Rs 1,742 crore, compared to Rs 228 crore in the same period last year.
66,92,535% return possible in 1 day? Smallcap stock Elcid just did that and even broke MRF record (29-10-2024)
Elcid Investments’ stock price surged from Rs 3.53 to Rs 236,250 in a single day during a special call auction for price discovery. This monumental rise, driven by the company’s high book value, has made Elcid India’s most expensive stock, surpassing MRF’s share price.
Realty developer Anant Raj to raise up to Rs 2,000 crore via QIP (29-10-2024)
Anant Raj Ltd plans to raise Rs 2,000 crore via QIP for expansion, reporting a 78% PAT increase and 54% revenue growth. It aims to develop projects in Delhi, Gurugram, and Tirupati.
Cipla Q2 Results: PAT rises 15% YoY to Rs 1,303 crore, beats estimates (29-10-2024)
Cipla Q2 Results: Revenue from operations increased 6% year-on-year to Rs 7,051 crore in July-September 2024, up from Rs 6,678 crore in the same period last year. The company reported a 12% year-on-year EBITDA growth to Rs 1,886 crore in Q2. The One India business grew 5% YoY, with the Branded Prescription segment continuing to outperform the market in major chronic therapies.
Earnings should be back to double-digit over next 2 years: Sailesh Raj Bhan (29-10-2024)
So, if you look at the PSU construct, PSU banks specifically the leaders are sensibly priced so there is no challenge there. The challenge is in thematic PSUs where there has been a huge rally in the last two years.
Smallcap stock Bharat Seats to consider bonus share issue on November 5 (29-10-2024)
Smallcap stock Bharat Seats announced on Tuesday that its board will discuss the issuance of bonus shares at their upcoming meeting scheduled for November 5.
ValueQuest’s SCALE Fund scores big with IPO-bound Waaree Energies (29-10-2024)
ValueQuest SCALE Fund achieved significant gains from its early investment in Waaree Energies, which went public with shares debuting at Rs 2,550 after an IPO price of Rs 1,503.