Inox Wind posted a net profit of Rs 90.2 crore for the quarter ended September 30, helped by higher income
Cyient acquires 27% stake in Azimuth for strengthening semiconductor capabilities (28-10-2024)
Cyient said that it has acquired 27.3% stake in Azimuth AI for building application-specific integrated circuit (ASIC) chips and for strengthening semiconductor capabilities.
CMS Info Systems Ltd (28-10-2024)
CMS Info Systems Limited Earnings Call Presentation for potential negative news:
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Subdued Consumption Impact: The presentation notes that “subdued consumption in H1’FY25 affected realizations” in the Cash Logistics segment. This suggests that lower consumer spending negatively impacted revenue in that area.
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Order Book Execution Delays: There were delays in executing the order book, particularly with PSU Banks, during the first half of the fiscal year. The delays were attributed to testing and integration issues. This could raise concerns about the company’s ability to convert its order book into revenue promptly.
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EBITDA and PAT Margin Contraction: While both revenue and profit increased year-over-year, there was a contraction in both EBITDA and PAT margins. This could indicate increased costs or pricing pressure impacting profitability.
Avenue Supermart shares 0.35% as Sensex rises (28-10-2024)
A total of 4,634 shares changed hands on the counter till 12:17PM (IST)
Ministry of Rural Development says 95% of Land Records in Rural India Digitized (28-10-2024)
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Arvind SmartSpaces Ltd leads gainers in ‘B’ group (28-10-2024)
Kewal Kiran Clothing Ltd, InfoBeans Technologies Ltd, Dynamic Cables Ltd and Sharda Cropchem Ltd are among the other gainers in the BSE’s ‘B’ group today, 28 October 2024.
Can the Sensex hit 125,000 in Samvat 2081? Here’s what chart say (28-10-2024)
After surging up to 25% in Samvat 2080; the Sensex and the Nifty have cooled-off a bit in the last one month. Here’s a technical outlook on the benchmarks and sectoral indices for Samvat 2081.
Nasdaq hits new record intraday high (28-10-2024)
The major U.S. stock indexes turned in another mixed performance on Friday. Nasdaq added to Thursday’s strong gain, the Dow extended its losing streak to five sessions.
Market slowdown driven by tepid Q2 earnings and election-linked spending cuts: Hiren Ved (28-10-2024)
So, spending is down 35% year-on-year or compared to what was budgeted and I think that is causing a little bit of a slowdown in the economy, apart from other reasons.