The contract research and manufacturing services (CDMO) revenues rose 24% YoY to Rs 1324 crore led by order inflow momentum, especially for on-patent commercial manufacturing.
Nuvoco Vistas Q2 Results: Co slips in red at Rs 52 cr net loss on weak pricing, demand conditions (23-10-2024)
It sold 4.2 million tonnes of cement during the quarter, down from 4.5 million in the same quarter a year ago. Consolidated revenue from operations for the period stood at Rs 2,269 crore, down from Rs 2,573 crore a year ago.
AU Small Finance Bank Q2 Results: Profit soars 42% to Rs 571 crore on Fincare SFB buy (23-10-2024)
Net interest income grew 58% year-on-year at Rs 1,974 crore as compared while other income rose 57%, driven by fee income, third-party product distribution and credit cards.
Boeing shares fall 1% after reporting $6.2 bn loss as it awaits vote on end to strike (23-10-2024)
Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business. Although he didn’t indicate plans to scale back Boeing’s space program, Ortberg pointed to commercial planes and defense as “core” products that “will always stay with the Boeing company.”
Jagsonpal Pharmaceuticals – What is driving the price? (23-10-2024)
Company posted highest ever quarterly revenue, ebidta and profit. Stock split also announced.
Disclaimer: Invested and biased
McDonald’s tries to reassure customers after deadly E. coli outbreak, shares fall 4.5% (23-10-2024)
“What’s important today is that we’ve taken the action to protect the American public and promote public health,” Erlinger said. “We’re confident that we’ll see our way through this and will restore confidence for the American consumer to come to McDonald’s.”
Varun beverages fast growth duopoly business (23-10-2024)
Coca Cola CEO in cokes call alao mentioned about monsoons affecting Coke sales in India
Coca-Cola eyes top-end of 2024 sales view on resilient soda demand in US; shares drop 2% (23-10-2024)
Demand in China has taken a hit from a slow post-pandemic economic recovery caused largely by a protracted property downturn, while the Middle East conflict has impacted supply in the region.
Ahead of Market: 10 things that will decide stock action on Thursday (23-10-2024)
Indian equity indices fell for a third session due to lackluster corporate earnings and foreign selling, despite gains from Bajaj Finance. Analysts suggest Nifty’s crucial support is at 24,378; a break below could lead to further declines.