Revenue from operations rose 35% year-on-year to Rs 2,518 crore, up from Rs 1,865 crore a year earlier. Sequentially, Hudco’s profit increased 23% from Rs 558 crore in the June quarter, while revenue grew 15% quarter-on-quarter.
L&T Q2 Results Preview: Up to 16% revenue uptick seen on robust execution in infra, energy segments (29-10-2024)
Engineering giant Larsen & Toubro (L&T) is expected to report a 16% year-on-year revenue increase for the September quarter, driven by strong execution in infrastructure and energy. Four brokerage estimates place revenue between Rs 56,800 crore and Rs 59,146 crore.
Indices end higher for 2nd day, bank and financial stocks lead (29-10-2024)
The domestic equity benchmarks concluded Tuesday’s trading session with modest gains, extending their positive streak to the second consecutive day. The Nifty 50 index closed above the 24,450 mark, buoyed by strong performances from banking and financial services stocks.
Afcons Infrastructure IPO subscribed 2.63 times (29-10-2024)
The offer received bids for 22.78 crore shares as against 8.66 crore shares on offer.
Adani Ent rises after Q2 PAT soars to Rs 1,742 crore; board OKs to raise Rs 2,000 cr via NCDs (29-10-2024)
Adani Enterprises advanced 1.46% to Rs 2,841.45 after the company’s consolidated net profit surged 664.53% to Rs 1,741.5 crore on 15.66% jump in net profit to Rs 22,608.07 crore in Q2 FY25 over Q2 FY24.
SBI Cards Q2 PAT slumps 33% YoY to Rs 404 cr (29-10-2024)
SBI Cards and Payment Services reported 32.92% decline in standalone net profit to Rs 404.42 crore in Q2 FY25 as against Rs 602.98 crore posted in Q2 FY24.
Stock market update: Sugar stocks up as market rises (29-10-2024)
The 30-share BSE Sensex closed up 363.99 points at 80369.03
Wrote many letters to Punjab CM on CBG plants, but nothing happens on ground: Union Min Puri (29-10-2024)
Union Minister Hardeep Singh Puri emphasized the need for fresh investments in compressed biogas and ethanol plants in Punjab. He mentioned writing multiple letters to Chief Minister Bhagwant Mann, but no progress has been made. Puri also commented on the law and order situation, saying it could drive existing industry away and criticized manipulated protests against clean energy efforts.
Stock market update: Nifty Realty index 1.43% (29-10-2024)
The Nifty Realty index closed 1.43 per cent at 1001.85.
India’s frozen shrimp export in jeopardy as the US imposes hefty CVD (29-10-2024)
Washington to levy 5.75% CVD compared to 3.75% against Ecuador and 2.84% against Indonesia, Vietnam