Strides Pharma Science Ltd reported a consolidated net profit of Rs 93.66 crore for the second quarter of FY25, recovering from a Rs 149.45 crore net loss in the same period last fiscal. Revenue rose to Rs 1,201.11 crore, driven by new product launches and significant growth in US operations.
Posts in category Economic Times
FII selling creates long-term opportunities in Indian largecaps (24-10-2024)
Market valuations in India remain elevated but not in bubble territory, with a recent correction driven by Foreign Institutional Investor (FII) selling. The ‘Sell India, Buy China’ strategy is seen as a short-term move due to China’s structural issues, presenting opportunities for long-term investors in Indian largecaps.
A $50 billion influx is helping Indian stocks brave foreign exodus (24-10-2024)
Factors such as high valuations, slowing profit growth, and renewed interest in competing Chinese stocks contributed to this shift. As a result, overseas funds have withdrawn over $8 billion on a net basis, erasing much of the inflow seen in 2024.
Colgate-Palmolive India Q2 results: Net profit grows 16% YoY to Rs 340 crore on highest-ever quarterly revenue (24-10-2024)
The company posted a 10% YoY topline growth for the quarter, with domestic revenue rising by 10.5%. The board declared an interim dividend of Rs 24 per share, with a record date of November 4.
Syngene poised to capitalize on China Plus One strategy, sees long-term opportunities (24-10-2024)
So, a return to growth in the second half on the revenue line and then operating leverage and improved margins in the second half of the year.
Varun Beverages share price down 3.04 per cent (24-10-2024)
A total of 335,749 shares changed hands on the counter till 02:08PM (IST).
China stocks snap four-day winning streak on caution ahead of US election (24-10-2024)
The growing bets of a possible second Donald Trump presidency and higher trade tariff threats have dampened market sentiment, investors and analysts said.
Mphasis shares decline 0.56% as Sensex slides (24-10-2024)
A total of 7,515 shares changed hands on the counter till 02:04PM (IST)
Share price of Havells India falls as Sensex drops 43.49 points (24-10-2024)
Promoters held 59.41 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 24.76 per cent and 3.94 per cent, respectively.
Max Healthcare shares fall 1.15% as Nifty drops (24-10-2024)
A total of 27,426 shares changed hands on the counter till time (IST).