CME Solar Holdings reported a significant decline in its consolidated net profit for the September quarter (Q2 FY25), falling over 60% to Rs 15.29 crore, compared to Rs 38.63 crore in the same period last year. The drop in profit was attributed primarily to lower revenues, with total income falling to Rs 295.14 crore, down … Read more
The Indian stock market experienced a robust rally today, driven by the positive sentiment following the Maharashtra Lok Sabha election results. BJP’s decisive victory in Maharashtra, a key state contributing 13% to India’s GDP, boosted investor confidence. This optimism spilled over into broader market indices, including mid-cap and small-cap stocks, signaling an all-around positive sentiment. … Read more
The Indian stock market made a remarkable recovery today, rebounding sharply after yesterday’s slump influenced by Adani Group-related news. The NIFTY 50 surged over 500 points, supported by robust buying in IT, banking, and FMCG stocks. Global market optimism and easing investor fears also played a significant role in today’s rally. Heavyweights like SBI, TCS, … Read more
The upcoming Nisus Finance Services IPO has generated considerable interest, especially given its unique positioning in the real estate and urban infrastructure asset management sectors. With a planned offering of 65 lakh shares, this IPO includes a fresh issue of 57.8 lakh shares and an offer for sale of 7.2 lakh shares. While the IPO … Read more
The Indian stock market faced a sharp decline today, with key indices closing lower amid a sell-off triggered by fresh allegations against the Adani Group. NIFTY 50 dropped 0.72% to 23,349.90, while SENSEX declined 0.54% to 77,155.79. The downturn was led by Adani Group stocks, which plummeted after US prosecutors accused Gautam Adani and other … Read more
The Adani Group faces a new wave of scrutiny as US prosecutors have charged founder Gautam Adani with participating in a $250 million (~Rs 2,100 crore) bribery scheme. The allegations revolve around securing solar energy contracts in India through illicit means, including false statements to US investors and violations of federal laws. The indictment, filed … Read more
The BlackBuck IPO, also known as Zinka Logistics Solution Limited IPO, is set to raise ₹1,114.72 crores through fresh issues and an Offer for Sale (OFS). This IPO, priced between ₹259 and ₹273 per share, will open for subscription on November 13, 2024, and close on November 18, 2024. With BlackBuck’s leading digital platform that … Read more
After seven consecutive days of market decline, today marked a significant reversal as the market closed in the green. The NIFTY 50 and SENSEX both showed notable gains, and sectoral indices, such as NIFTY BANK and NIFTY IT, performed strongly. This positive shift comes as a relief to investors, signaling a potential change in market … Read more
The Indian stock market has faced persistent negative sentiment over the past week, with major indices witnessing declines amidst cautious investor sentiment. In the most recent session, the NIFTY 50 closed at 23,453.80, down 0.34%, while the SENSEX dropped 0.31% to settle at 77,339.01. However, the NIFTY BANK index bucked the trend, posting a gain … Read more
Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported a 14% year-on-year increase in net profit for Q2, reaching Rs 1,204 crore and surpassing market expectations. Led by Pawan Munjal, the company also witnessed an 11% rise in revenue, totaling Rs 10,463 crore for the quarter, driven by increased volumes and demand in the rural sector. … Read more