Lupin shares recovered from their day-low after the business reported solid financial results for the quarter ending December 2024 (Q3 FY25). The stock initially declined by 3.2 percent to an intra-day low of ₹2,000.10 in early trade but rebounded by over 6% to reach a day’s high of ₹2,116. Financial Performance: Lupin reported a total…
Ajax Engineering’s IPO Day 3 Live Updates: Ajax Engineering Ltd’s initial public offering (IPO) was 49% subscribed on Tuesday, the second day of bidding. The demand for the IPO has been modest thus far, albeit the amount earmarked for staff has been fully booked, while retail and non-institutional investors have only booked half of their…
Hexaware Technologies’ IPO Day 1 Live updates: Hexaware Technologies Ltd, an IT services provider, will launch its IPO on February 12 with a price range of ₹674-708 per share. CA Magnum Holdings, linked with the Carlyle Group, is offering equity shares worth ₹8,750 crore through the Hexaware IPO, which ends on February 14. Investors can…
National Fertilizers Ltd (NFL), a state-owned company, reported a 70% decline in consolidated net profit to ₹45.81 crore in the December quarter of the current fiscal year. This was mostly due to lower sales. The firm reported a net profit of ₹150.90 crore in the same period previous year. Revenue decreased by 23% to ₹5,855.85…
In the October-December quarter of fiscal year 2024-25, automakers’ revenue from operations increased by 19% to ₹4,888 crore, up from ₹4,116 crore in the same quarter last year. Eicher Motors manufactures Royal Enfield motorbikes and other vehicles classified as lorries and buses. Royal Enfield’s third-quarter costs increased by 22% to ₹3,965 crore, compared to ₹3,249…
Grasim Industries reported a 41% year-on-year (YoY) fall in its consolidated net profit to ₹899 crore in the third quarter. Meanwhile, its income from operations climbed by 9% YoY to ₹34,793 crore over the same period. Increased interest and depreciation charges, resulting from investments in the construction materials business, influenced profit growth. The consolidated EBITDA…
On Monday, February 10, Baba Ramdev, representing the ayurvedic goods business Patanjali Foods Limited, released the results for the October to December quarter. In the third quarter of 2024-25, the company’s net profit increased by 71% to ₹370 crore, up from ₹217 crore the previous year. In the October-December quarter, the company’s revenue from operations…
Symphony and CMS Info Systems Ltd share prices were in focus on Tuesday, February 11, as they traded ex-dividend. Symphony and CMS Info Systems had also set February 11 as the record date for determining whether members were eligible to receive the interim dividends. According to the T+1 settlement method, the record date suggests that…
Following the release of the company’s Q3 earnings on Monday after market hours, the share price of National Aluminium Co. Ltd. (NALCO) increased by about 4% in Tuesday morning trading. Additionally, the business announced a four4 dividend per share. NALCO Q3 Results: Following the release of the company’s Q3 earnings on Monday after market hours,…
Vodafone Idea’s net losses increased to ₹7,175.9 crore in the most recent quarter, which ended in September 2024 (Q2FY25), from ₹6,432.1 crore in Q1FY25. The losses decreased from ₹8,737 in Q2FY24 to ₹8,737 at the same time last year. Vodafone Idea Q3 Results Today: After releasing the firm’s earnings for the quarter ending December 2024…