South Indian Bank’s Q2 profit rose 18% to Rs 325 crore, with Net Interest Income increasing 6.3%. Shares gained 3.3% to Rs 24.77 following the results. Focus remains on retail and MSME growth.
Stock market update: Stocks that hit 52-week lows on NSE (17-10-2024)
Bajaj Auto, Hero MotoCorp, M&M, Maruti Suzuki and Eicher Motors were among the top losers on NSE.
Kolte-Patil Developers rallies 12% on heavy volumes post Q2 business update (17-10-2024)
Backed by a strong pipeline of launches planned in the second half of the year, the management is confident about meeting the company’s pre-sales target of Rs 3,500 crore for FY25.
IRCON Intl gains after tieup with Patel Engg for infra projects (17-10-2024)
IRCON International rose 1.54% to Rs 226.80 after signing an MoU with Patel Engineering for collaboration on infrastructure projects in India and abroad.
Hyundai IPO GMP falls to 1%, issue subscribed by 42% on Day 3 so far. Check details (17-10-2024)
Hyundai Motor India’s IPO saw a grey market premium drop to 1% on its final bidding day. Subscribed by 42%, QIBs led the demand followed by retail and non-institutional investors. Analysts recommended long-term subscriptions, citing strong brand presence and growth prospects despite limited immediate listing gains.
Mphasis gains after Q2 PAT rises 5% QoQ to Rs 423 cr (17-10-2024)
Mphasis advanced 2.11% to Rs 2,972.20 after the company’s consolidated net profit grew 4.65% to Rs 423.33 crore in Q2 FY25 as compared with Rs 404.50 crore in Q1 FY25.
Kovai Medical Center and Hospital – Health and Wealth (17-10-2024)
Thanks for sharing
Kovai’s PAT margin should be better in FY25 with better margin from Education segment & peaked out depreciation.
NH is interesting with prespective of health insurance integration.
Ircon International shares gain 4% on inking MoU with Patel Engineering (17-10-2024)
The uptick in Ircon International share price came after the company announced that it has inked a memorandum of understanding (MoU) with Patel Engineering.
Share market update: Most active stocks of the day in terms of total traded value (17-10-2024)
The NSE Nifty index was trading 147.25 points down at 24824.05
Indian markets open higher, auto stocks lead decline (17-10-2024)
Sensex, Nifty open marginally higher; Bajaj Auto leads the decline despite better-than-expected Q2 results; tech stocks shine; FIIs remain net sellers