Pondy Oxides & Chemicals standalone net profit rises 112.85% in the September 2024 quarter (16-10-2024)
Sales rise 45.73% to Rs 572.43 crore
CRISIL consolidated net profit rises 12.87% in the September 2024 quarter (16-10-2024)
Sales rise 10.32% to Rs 811.84 crore
Pondy Oxides & Chemicals consolidated net profit rises 168.19% in the September 2024 quarter (16-10-2024)
Sales rise 45.93% to Rs 579.11 crore
Bajaj Auto consolidated net profit declines 31.42% in the September 2024 quarter (16-10-2024)
Sales rise 21.08% to Rs 12815.53 crore
L&T Technology Services consolidated net profit rises 1.33% in the September 2024 quarter (16-10-2024)
Sales rise 7.81% to Rs 2572.90 crore
BlackRock in talks with Jio Financial Services for India private credit venture (16-10-2024)
BlackRock Inc., the world’s largest asset manager, is negotiating with Mukesh Ambani’s Jio Financial Services to establish a 50-50 joint venture focused on private credit in India. This venture aims to lend to a range of businesses, from large corporations to startups. If finalized, it would mark BlackRock’s third collaboration with Ambani’s firm.
Hyundai Motor India Limited – HMIL (16-10-2024)
Hyundai came in India in 1998. It is not about dislodging anyone. In the end it is about margins. Hyundai India has the highest operating margin among all car manufacturers. Creta SUV still sells like hot cakes. Venue sales are also good. Plus, Marurti and Hyundai are the only two manufacturers whose hatchbacks still sell a lot. Tata and others are nowhere close to them. The IPO may be overpriced but can be a good addition if price comes down. Capturing 15 percent market share in the Indian market is a big achievement. Honda also started operations in early 2000s. Today it is fifth in the list. They understand the Indian market pretty well. They know what sells in India and what does not. That is their MOAT.
L&T Technology Services, Bajaj Finserv among 5 stocks with short covering (16-10-2024)
Short covering occurs when traders buy back previously sold short shares, often leading to a price increase. Five stocks saw short covering on Wednesday, resulting in a decrease in open interest.