The decline in WazirX’s holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July
DLF Q2 Results: Cons PAT jumps 122% YoY to Rs 1,381 crore, revenue surges by 46% (25-10-2024)
DLF reported a 122% YoY jump in net profit to Rs 1,381 crore in Q2FY25. Revenue from operations stood at Rs 1975 crore, up 46% YoY. On a sequential basis, net profit was up by 114% and revenue grew by 45%.
Strides Pharma Global, Singapore to acquire balance 30% stake in Strides Switzerland (25-10-2024)
Strides Pharma Global, Singapore (SPG), a wholly owned step-down subsidiary of Strides Pharma Science, is acquiring balance stake in Strides Pharma International AG (formerly Fairmed Healthcare AG) (Strides Switzerland), a step-down subsidiary of the Company for an aggregate consideration of ~CHF 1.01 million.
Broker’s call: Nuvoco Vistas (Reduce) (25-10-2024)
Choice International
Inox Wind Q2 Results: Company reports Rs 90 crore profit, revenue up 93% (25-10-2024)
Inox Wind Limited (IWL) has reported a profit of Rs 90 crore in the July-September quarter compared to a loss of Rs 27 crore in the year-earlier period.
HPCL Q2 Results: Profit drops 88% YoY to Rs 631 crore (25-10-2024)
The average gross refining margin (GRM) for the second quarter was $3.12 per barrel, significantly down from $13.33 per barrel in the same period last year. The company attributed this decline in GRMs to the broader trend in international benchmark product cracks, reflecting the weaker refining margins seen globally.
Broker’s call: Bajaj Housing Fin (Buy) (25-10-2024)
ULJK Research
US stocks open higher as yields ease, investors eye earnings (25-10-2024)
Wall Street’s main indexes opened higher on Friday, as Treasury yields eased and investors looked ahead to quarterly results from some of the biggest companies.