Highlighting a remarkable surge in India’s Initial Public Offering (IPO) market, EY India’s Q3 2024 IPO Trends report reveals that Indian stock exchanges recorded their highest quarterly listings in two decades
Senco Gold shares plunge on raid rumors, later recover (29-10-2024)
Senco Gold shares experienced a significant downturn on Tuesday, plummeting 5.89% to Rs 1141.50, fueled by rumors of a potential raid at the company’s or its promoter’s premises.
Cipla Q2 PAT rises 15% YoY to Rs 1,303 cr (29-10-2024)
The pharma major’s consolidated net profit jumped 15.18% to Rs 1,302.53 crore in Q2 FY25 as against Rs 1,130.91 crore reported in Q2 FY24.
Deepak Phenolics signs 15-year supply deal with Petronet LNG (29-10-2024)
The agreements, approved on October 28, 2024, establish a 15-year supply commitment from PLL’s Petrochemical Project in Dahej, Gujarat
Adani Ports Q2 PAT up 39%, revenue up 6.3% (29-10-2024)
Adani Ports said in a statement it was well positioned to hit the upper end of the FY25 EBITDA guidance range of ₹17,000-18,000 crore
Ola Electric Mobility shares fall below IPO price of Rs 76 as sell-off deepens (29-10-2024)
Ola Electric shares fell 3.7% below the IPO price of Rs 76. The stock has lost over 50% of its market capitalization since its debut. The company has faced scrutiny from the CCPA due to rising consumer complaints. Data also shows Ola’s market share shrinking to a 16-month low.
Sandip Sabharwal on safe sparklers, high-risk rockets and value bombs for this Dhanteras (29-10-2024)
Sandip Sabharwal suggests IDFC First Bank for relatively safe investments due to its strong business model and asset quality. He recommends Ahluwalia Contracts for higher returns, citing its strong order book and low debt. InterGlobe Aviation is highlighted as a value investment due to its market position and growth prospects in India’s aviation sector.
DIIs pour Rs 4.6 trn in equities during Samvat 2080 (29-10-2024)
Domestic institutional investors (DIIs) have infused a record Rs 4.6 trillion into Indian equities over the course of Samvat 2080, marking the highest net annual investment in any Samvat to date. This robust domestic inflow has effectively counterbalanced the comparatively subdued investments from foreign portfolio investors (FPIs), who contributed a net Rs 90,956 crore within the same timeframe. Against this backdrop, the Nifty 50 and BSE Sensex indices are on track to achieve their best performance in three Samvat years, despite recent market corrections.
Adani Enterprises Q2 Results: Profit skyrockets 664% YoY to Rs 1,742 crore, revenue up 16% (29-10-2024)
Adani Enterprises Q2 Results: Company reported a remarkable 664% year-on-year increase in its consolidated net profit for the September quarter, reaching Rs 1,742 crore, compared to Rs 228 crore in the same period last year.
PM Modi apologizes to elderly people aged 70 and above in Delhi and West Bengal. Here’s why (29-10-2024)
Prime Minister Narendra Modi criticized the Delhi and West Bengal governments for not implementing the Ayushman Bharat health insurance scheme due to political interests. He expressed regret that the elderly in these states cannot avail of free treatment under the programme, now extended to all senior citizens aged 70 and above.