Anand Rathi Wealth’s shares remain in focus as its Q2FY25 net profit surged 32% to Rs 76 crore and revenue hit Rs 250 crore. The company announced an interim dividend of Rs 7 per share and saw a 57% YoY growth in AUM to Rs 75,084 crore.
Posts in category Economic Times
Stock to watch: IREDA shares in focus after PSU company reports 36% YoY jump in Q2FY25 PAT (11-10-2024)
Shares of IREDA are expected to gain attention following a 36% increase in net profit to Rs 388 crore for Q2FY25. Revenue from operations also saw a significant rise of 38%. The company’s expenses, however, increased by 47%. Shares closed at Rs 232.70, up 0.68% from the previous trading session.
Stock to watch: Mazagon Dock shares in focus on winning Rs 121 crore order from Maharashtra govt (11-10-2024)
Mazagon Dock shares are in focus due to a Rs 121 crore order from MAHAGENCO for an AI-based project. Shares rose over 8% following defense deals worth Rs 80,000 crore approved by the CCS, including the purchase of Predator drones and construction of nuclear submarines.
Stock to watch: Bandhan Bank shares in focus on RBI approval for appointment of MD and CEO (11-10-2024)
The Reserve Bank of India approved Partha Pratim Sengupta as MD and CEO of Bandhan Bank for three years. He is expected to take charge by November 10, 2024. Sengupta was previously with State Bank of India and Indian Overseas Bank. Bandhan Bank completed a forensic audit related to insurance claims and expects a payout of Rs 1,231.29 crore.
Here’s why Siddhartha Khemka is bullish on IT sector (11-10-2024)
For example, companies that we like within the space, Cipla, Divi’s, they are likely to report strong numbers. On the domestic focused side, we have Ipca Labs, Mankind which will be reporting strong numbers and these are some of our preferred picks as well from the overall pharma space.
Khyati Global Ventures shares to list today. Here’s what to expect (11-10-2024)
Khyati Global Ventures is set to debut on the stock exchange this Friday. The company, an exporter of FMCG products, plans to use its IPO proceeds for working capital and corporate purposes. Though it had no grey market premium pre-listing, Khyati operates efficiently with an asset-light model and exports to over 40 countries.
At multi-year highs: These 5 stocks witness 5-year swing high breakout (11-10-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Q2 results today: Just Dial among 6 companies to announce earnings on Friday (11-10-2024)
Six companies, including Just Dial, are set to announce their second-quarter results on Friday. Analysts predict this quarter might be the weakest in four years for corporate India, with Nifty earnings projected to grow by just 2%. Just Dial is anticipated to show a 75% rise in profit year-on-year, driven by growth in paid campaigns and improved EBITDA margins.
Big movers on D-Street: What should investors do with TCS, Natco Pharma and GRSE? (11-10-2024)
Domestic markets closed lower despite the RBI hinting at a rate cut. TCS is showing strong technical resilience and poised for an upward reversal, making it a ‘buy on dips’ candidate. Natco Pharma is in a healthy consolidation phase with potential targets of Rs 1,650–1,720.
F&O Radar| Deploy Bull Call Spread in Nifty to gain from a cautiously bullish stance (11-10-2024)
Market closes in the red with IT and Pharma sectors under pressure, while Financials show strength. Nifty50 experiences a sharp correction, testing lows amid geopolitical concerns and foreign fund outflows. Analysts suggest a cautiously bullish outlook if Nifty remains above 24,700, with potential targets around 25,600-25,700.