Vakrangee will invest in R&D and technology, training facilities, brand development programs, organic company expansion, and a contingency fund. Following the business’s announcement of its capital allocation policy and a declaration that it is debt-free, shares of IT company Vakrangee continued to trade higher on Monday for the second straight day. Before the rebound, the…
Senco Gold’s stock fell 18% in the first trading session on February 14 due to the company’s announced Q3 margin decrease. Senco Gold Shares Crashed 20% After Q3 Results: Senco Gold’s Q3 margins were significantly impacted by increased expenses for establishing new subsidiaries, fluctuations in the price of gold, and increased customs charges. Senco Gold’s…
Following British American Tobacco Plc’s announcement on February 14 that it would reduce its interest in the hotel industry by the following year, ITC Hotels’ stock plunged more than 3%. In intraday trading on Friday, February 14, shares of the newly listed ITC Hotels fell more than 3% after British American Tobacco Plc (BAT), ITC’s…
The operating income of the gaming and e-sports platform, which the late Rakesh Jhunjhunwala supported, increased by about 67% to ₹534.7 crore. Nazara Tech Q3 Results: On Thursday, February 13, Nazara Technologies revealed its October-December quarter results for fiscal 2024-25 (Q3FY25). The company’s consolidated net profit dropped 53.6% to ₹13.7 crore from ₹29.5 crore during…
Major US market indexes closed around all-time highs on Thursday, as data indicated wholesale inflation slowed somewhat in January and President Trump issued a softer-than-expected tariff executive order. The Nasdaq Composite jumped 1.5% on Thursday, while the S&P 500 gained 1% to finish less than 0.1% shy of a record. The Dow Jones Industrial Average…
ICICI Bank’s share price will be closely watched on Thursday as its joint venture partner Prudential plc considers listing ICICI Prudential Asset Management by partially divesting its shareholding “Prudential plc announced today that it is evaluating a potential listing of ICICI Prudential Asset Management Company Limited, which includes a partial divestment of its shares, subject…
Shares of NATCO Pharma fell 19% after a dismal Q3 FY25 report that revealed a 37.75% decline in profits, indicating further difficulties in their export formulation sector. Natco Pharma Shares Tank 19% Post Q3 Earnings: On Thursday, February 13, NATCO Pharma’s stock fell 19% after the company revealed its third-quarter fiscal 2024–25 (Q3 FY25) results,…
The dividend record date for Bharat Forge is Tuesday, February 18. A business’s deadline to identify which shareholders are qualified to receive the announced dividend is known as the dividend record date. In addition to its Q3 results, Bharat Forge has declared an interim dividend, the dividend record date, and the dividend payment date, all…
After six days of losses, the Indian stock market had a relief bounce on February 13. In the first hour of trading, more than 30 firms, including Kotak Mahindra Bank and Muthoot Finance, hit their 52-week highs. On Thursday, February 13, the Indian stock market had a relief bounce following six days of losses, with…
Shares of Honasa Consumer increased by about 9% to ₹222 after the company’s Q3FY25 earnings exceeded expectations. Revenue increased 6% to ₹517.5 crore, but net profit remained at ₹26 crore. Following the announcement of Honasa Consumer’s December quarter figures, which were somewhat above Street predictions, shares of Mamaearth’s parent company, Honasa Consumer, rose by about…