After VA Tech Wabag secured an O&M contract worth ₹121 crore for a wastewater treatment plant in Bahrain, increasing its position in the Middle East, its shares increased by more than 7%. Despite recent dips, the company’s stock has remained strong, quadrupling from its 52-week low. After a significant operations and maintenance (O&M) contract worth…
Following a stunning 177% growth in earnings after tax for Q3FY25, the price of SIS shares increased by about 12% during intraday trading on January 29. SIS Q3 Result: A day after the firm announced a spectacular 177% increase in its profit after tax (PAT) for December of the current fiscal year (Q3FY25), the price…
Despite a quarterly earnings shortfall, TVS Motor shares increased 9% to ₹2,539 due to favorable analyst ratings. While Motilal Oswal pointed out possible motorbike problems, brokers Macquarie and JP Morgan maintained positive outlooks, predicting market share and margin increases. On Wednesday, January 29, shares of TVS Motor Company, one of the nation’s top producers of…
The stocks of IDFC, Axis, ICICI, and other banks and financial services companies increased during Monday’s morning trading. The RBI’s liquidity boost initiatives improved market sentiment. IDFC first, Axis, ICICI, HDFC, Other Bank and Financial Services: The stocks of IDFC First Bank, Axis Bank, ICICI Bank, and other financial institutions increased during Tuesday’s morning trading….
Following an assessment of current liquidity and financial conditions, the Reserve Bank of India (RBI) announced measures to pump liquidity into the banking sector, which caused bank stocks to soar as high as 3.3% on Tuesday, January 28. The shares of AU Small Finance Bank rose 3% to Rs 580.85 on the BSE after Canara…
One of the most anticipated events on Dalal Street is the eagerly awaited listing of ITC Hotels as a separate company. The hotel division is preparing for its stock market debut following its demerger from ITC. On January 1, 2025, ITC Hotels formally completed its demerger, freeing up its hotel sector to concentrate on its…
Following the company’s revision of its FY25 sales projection from ₹3,000 crore to ₹2,800 crore, Kaynes Technology’s share price fell by more than 19%. The firm reported a 47% rise in profit for Q3 FY25, with sales up 30% year over year despite execution delays. The share price of Kaynes Technology plummeted by more than…
An exchange filing on Tuesday revealed that the Bajaj Group company’s board of directors would meet next month to discuss the company’s unaudited financial statements for the quarter and 9 months ended December 31, 2024. Bajaj Auto Q3 results FY25 Date and Time: Bajaj Auto manufactures 2- and three-wheelers and has revealed its October–December 2024…
On Tuesday, WestBridge Capital divested a 1.5 percent stake in AU Small Finance Bank, amounting to ₹736 crore through open market transactions. As per BSE’s bulk deal data, WestBridge Capital, via its affiliate WestBridge AIF I, sold 1,08,95,517 shares at an average price of ₹676.06 per share. In a significant development, Jaipur-based AU Small Finance…
Portfolio Watch: In the third quarter (Q3) of FY25, mutual funds made significant portfolio adjustments, lowering their holdings in several large-cap firms in the Nifty200 index. These ten equities are those in which mutual funds reduced their holdings during the December quarter of FY25, according to data from StockEdge. Cummins India: In the third quarter…