Rameshbabu Praggnanandhaa Today’s trading session in the Indian stock market was marked by a broad sell-off, with most major indices closing lower due to cautious investor sentiment amid ongoing global and domestic economic concerns. Pressure across various sectors weighed heavily on key indices, although the IT sector provided a minor lift with a slight gain. This widespread decline underscores the … Read more
Hyundai Motor India Ltd. (HMIL) reported a 16% decline in net profit for the second quarter of FY25, totaling Rs 1,375 crore for the quarter ending September 30, 2024. Revenue for Q2FY25 also fell by 8%, reaching Rs 17,260 crore, signaling challenges in both domestic and export markets for the company. In domestic sales, HMIL … Read more
The NTPC Green Energy IPO, a highly anticipated offering in the renewable energy space, has witnessed a decline in its grey market premium (GMP) as the company moves closer to filing its red herring prospectus (RHP). This IPO is a strategic move in NTPC’s long-term goal of achieving 60 gigawatts (GW) of renewable energy capacity … Read more
The much-anticipated Avanse Financial Services IPO aims to raise ₹3,500 crores and marks a significant move in the Indian financial market. As a leading non-banking financial company (NBFC) in India focused on the education sector, Avanse Financial Services is set to make a substantial impact. Below, we dive into the main details of this Avanse … Read more
Today’s stock market closed with a blend of gains and losses across major indices, reflecting varied investor sentiments. Key indices like SENSEX and NIFTY IT posted gains, while NIFTY 50 and specific sectors declined slightly. Let’s dive into the details of today’s market performance. Market Analysis 11th Nov 2024 Today The BSE SENSEX ended the … Read more
Shares of MapMyIndia’s parent company, C.E. Info Systems, saw a significant drop on November 11, with stock prices tumbling over 8% on the NSE. This decline came after the company reported a consolidated net profit decrease of 8.2% year-on-year (YoY) to Rs 30.33 crore for Q2, ending on September 30, 2024. The disappointing earnings have … Read more
Asian Paints has reported its Q2FY25 financial performance, showing a significant decline in profits and revenues as compared to the previous fiscal year. The company posted a consolidated net profit of Rs 694.6 crore for the quarter ending September 2024, marking a year-on-year (YoY) decrease of 42.4% from Rs 1,205.4 crore recorded in the same … Read more
8th Nov 2024: In today’s trading session, Indian stock markets faced downward pressure as major indices closed in the red. The Sensex and Nifty posted modest losses, with significant declines in the Nifty Bank and Nifty IT sectors as well. Here’s a detailed breakdown of the market performance. Market Analysis 8th Nov 2024 The BSE … Read more
Life Insurance Corporation (LIC), the largest life insurance company in India, has reported a decline in its consolidated net profit for the second quarter (Q2) of the fiscal year 2024. The company’s profit for the period stood at Rs 7,729 crore, marking a 3.75% decrease from Rs 8,030.28 crore in Q2 FY23. Despite the decline, … Read more
Adani Power, which exports electricity to Bangladesh from its 1,600 megawatt (MW) Godda plant in Jharkhand, India, has significantly reduced its supply to the neighboring country. The supply, which had been around 1,400-1,500 MW in early August, has been slashed to about 700 MW-750 MW in recent weeks. As of late Thursday, the supply was … Read more