The company announced its QIP plan along with its Q2FY25 earnings where the food delivery platform reported a 389% growth in its consolidated net profit at Rs 176 crore in the second quarter
Posts in category Economic Times
Zomato Q2 Results: PAT skyrockets 389% YoY to Rs 176 crore; revenue zooms 68% (22-10-2024)
Zomato Q2 Results: Revenue from operations rose 68% year-on-year (YoY) to Rs 4,799 crore in the reporting period.
D-Street investors lose over Rs 9 lakh crore as Sensex crashes 931 points. Key factors behind bloodbath (22-10-2024)
Indian benchmark indices, the Sensex and Nifty, saw significant declines on Tuesday, driven by weak corporate earnings and foreign selling. Major companies like Reliance Industries and HDFC Bank contributed to the plunge, while sectoral indices, especially Nifty PSU Bank and Realty, led losses amid profit-taking from recent highs.
Localisation will help Hyundai to position cars well in both IC & EV space in India: Tarun Garg (22-10-2024)
Post listing, Hyundai Motor India will launch the Creta EV and three more electric vehicles soon. The company aims for strong localization in Tamil Nadu and export growth. Hyundai also plans to boost production capacity with the Talegaon plant, focusing on profitability and market share in both domestic and international markets.
Adani Energy Solutions Q2 Results: PAT soars 145% YoY to Rs 675 crore (22-10-2024)
Adani Energy Solutions Q2 Results: Adani Energy Solutions saw a 145% YoY surge in Q2 net profit to Rs 675 crore, driven by a 68% rise in revenue to Rs 6,184 crore. Transmission business revenue more than doubled, while distribution grew 22%. The quarter also marked a return to profit QoQ after a previous loss.
Power index outperforms since last Diwali: 3 stocks turned into multibaggers (22-10-2024)
Since the last Samvat, Sensex has risen 25%, with BSE Power index leading the way at 78%. All 13 power stocks have experienced substantial growth, with three becoming multibaggers.
PNB, Bandhan Bank among 5 stocks with long unwinding (22-10-2024)
Long unwinding involves selling stocks or positions that have been held for an extended period, either to secure profits or to exit in anticipation of an upcoming market downturn.
F&O cannot be a national pastime, says Sebi member Ashwani Bhatia (22-10-2024)
Sebi’s Ashwani Bhatia said India’s F&O volumes are the largest globally, but F&O cannot be a national pastime. Investors should participate in wealth creation through mutual funds or directly. Sebi study highlighted that 93% of individual F&O traders lost money from FY22–FY24.
UltraTech Cement, LTIMindtree among 4 stocks with short covering (22-10-2024)
Short covering occurs when traders repurchase shares they had previously sold short, typically triggered by a change in market sentiment or new information. This often leads to a decline in open interest and can push stock prices higher.
Aditya Birla Real Estate Q2 Results: Firm posts profit of Rs 3 cr; revenue jumps 30% YoY (22-10-2024)
Total income rose to Rs 1,138.08 crore during the July-September period of 2024-25 fiscal from Rs 873.70 crore in the corresponding period of the preceding year, according to a regulatory filing.