L&T Tech Q2 Results: Revenue from operations grew 8% year-on-year to Rs 2,573 crore, up from Rs 2,386 crore last year. The board declared an interim dividend of Rs 17 per share, payable to shareholders on the record date of October 25. Sequentially, revenue rose 4% quarter-on-quarter, with a 6% year-on-year increase in dollar terms to $307 million.
Posts in category Economic Times
Stock market update: Nifty Realty index advances 0.55% (16-10-2024)
The Nifty Realty index closed 0.55 per cent up at 1084.95.
Stock market update: Nifty Bank index falls 0.2% (16-10-2024)
The Nifty Bank index closed 0.2 per cent down at 51801.05.
9 mutual funds saw a decline in AUM in September. Here’s the breakup (16-10-2024)
Around nine mutual funds saw a decline in their AUM in September. Aditya Birla Sun Life Mutual Fund saw the largest decline of Rs 9,537 crore. Other funds that saw declines include Tata Mutual Fund, LIC Mutual Fund, Edelweiss Mutual Fund, Bajaj Finserv Mutual Fund, among others.
Rupee ends a tad stronger, aided by broad based interbank dollar sales (16-10-2024)
Dollar demand from foreign banks, likely on behalf of custodial clients, blunted the positive effects of lower oil prices and gain in most of the rupee’s Asian peers, traders said.
Stock market update: Mining stocks up as market falls (16-10-2024)
The 30-share BSE Sensex closed down 318.76 points at 81501.36
Market Wrap: Sensex sheds 319 points, Nifty slips below 25K on earnings woes (16-10-2024)
Indian blue-chip indices Sensex and Nifty extended their losses, closing in the red for the second consecutive day. Sensex and Nifty fell by 0.39% and 0.34%, respectively, due to weak performances from major companies. While major players like M&M and Infosys stumbled, HDFC Bank and Reliance Industries bucked the trend.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (16-10-2024)
Precision Camshaft, Stylam Ind, IFB Industries, Rallis India and Gala Precision Engin, hit their fresh 52-week highs during the day.
Gainers & Losers: HDFC AMC, BSE among 6 stocks that hogged limelight on Wednesday (16-10-2024)
In September, mutual funds added 11 new stocks, including Bajaj Housing Finance and P.N. Gadgil Jewellers, showcasing active management strategies aimed at enhancing returns across various portfolios.
Nifty may attain 27,867 in one year, says Prabhudas Lilladher, bets on BEML, HDFC AMC (16-10-2024)
Prabhudas Lilladher has given a one-year target of 27,867 for Nifty at its 15-year average PE of 19.1x. The brokerage firm has conviction on stocks like BEML, Cyient, and HDFC AMC among others. The market has shifted in favor of defensive sectors like FMCG, IT Services, Pharma, and Consumer Durables.