Indian stocks, which have been under a lot of selling pressure lately, will now have to deal with more difficulties after Goldman Sachs Group downgraded Indian stocks from “overweight” to “neutral,” citing slowing economic growth that is affecting the outlook for corporate earnings, according to sources. The group had earlier elevated Indian stocks to “overweight”…
The electric bus manufacturer Olectra Greentech’s stock jumped 6% in intraday trading on Wednesday, October 23 to ₹1,716 per share following the release of the company’s strong September quarter financial results. Following market hours on Tuesday, the company announced its Q2FY25 results. It reported a 156.50% growth in consolidated net profit to ₹47.65 crore, up…
Strong Q2 results caused Persistent Systems’ share price to surge by about 12% to reach all-time highs. The company’s overall net profit increased by 23.44% to ₹324.9 crore in the September quarter, up from ₹263.2 crore in the same period the previous year. Operating revenue for the quarter was ₹2,897.1 crore, up 20.13% from ₹2,411.6…
A day after releasing its Q2FY25 results, Zomato’s shares saw turbulence in early trading, first falling by about 5% as a result of profit booking. However, Zomato’s share price hit a day low of Rs 242.45, but by 10:22 am, it had risen to Rs 260.15 on the Bombay Stock Exchange (BSE). Compared to Rs…
Jupiter Wagons Ltd is an Indian company known for manufacturing railway wagons and other engineering products. Founded in 1996 and headquartered in Kolkata, the company plays a vital role in supporting India’s railway infrastructure. Jupiter Wagons is involved in the design, development, and production of various types of wagons, including those for freight and passenger…
City Union Bank Ltd is a well-known private sector bank in India, established in 1904. Headquartered in Kumbakonam, Tamil Nadu, it has a rich history of over a century in banking services. The bank offers a wide range of financial products, including savings accounts, loans, insurance, and investment services, catering to both individual and business…
HDFC Life Insurance Company Ltd is one of the leading life insurance companies in India. Established in 2000, it is a part of the HDFC Group, known for its strong reputation in the financial sector. HDFC Life offers a wide range of insurance products, including term plans, health insurance, pension plans, and investment-linked plans, catering…
Zaggle Prepaid Ocean Services Ltd is a fintech company that focuses on providing innovative payment solutions and reward programs. Established in 2011, the company offers prepaid cards, employee benefits, and gift card solutions, helping businesses manage expenses and reward their employees. Zaggle integrates technology with finance, offering customized payment platforms for various organizations. Zaggle Share…
Suprajit Engineering Ltd is a leading manufacturer of mechanical and electronic control cables, primarily for the automotive industry. Established in 1985, the company has grown into a global player, providing high-quality cables for motorcycles, passenger cars, commercial vehicles, and even non-automotive sectors like lawnmowers. Suprajit Engineering Share Price on NSE as of 23 October 2024 is…
IIFL Finance Ltd is a leading financial services company in India that offers a wide range of financial products and services. These include home loans, gold loans, personal loans, business loans, and microfinance. The company caters to both individual and corporate clients, focusing on providing accessible and affordable financial solutions. IIFL Share Price on NSE…