OTTplay Premium, India’s Super OTT App and leading AI-based recommendation engine, is delighted to announce a strategic partnership with JioCinema, further strengthening its content portfolio and enhancing the streaming experience for its users. With this partnership, OTTplay Premium subscribers will now have access to JioCinema’s premium content library.
Open FlipMarico reported a 20.3% rise in consolidated net profit to ₹433 crore for the quarter ending September 2024, up from ₹360 crore in the same period last year, as per its exchange filing on Tuesday. Total income increased to ₹2,746 crore in the reporting period, up from ₹2,514 cr a year ago. Revenue from operations rose by 7.6% to ₹2,664 crore, compared to ₹2,476 crore in the same quarter last year.
Open FlipAfter volatility since opening, the Nifty 50 gained strength in the last couple of hours of trade and closed half a percent higher, though it still traded within the previous day's range. The index needs to decisively close above 24,500, a key hurdle that also coincides with the 100-day EMA, for further rallies towards the 24,600 mark, followed by the 24,800-24,900 zone.
Open FlipThe Nifty Bank index surged over 1,000 points, led by ICICI Bank and HDFC Bank, with ICICI Bank contributing over 400 points to the gains, and State Bank of India rallying 5%. The Nifty Bank has reached the higher end of the 51,000-52,500 range, driven by positive earnings reports and improved sentiments around PSU Banks.
Open FlipHUDCO reported its earnings for the quarter ended September just before market close on Tuesday. Shares of the company skyrocketed as soon as the results came out. What Happened: The company's net profit for the quarter under review stood at ₹688 crore, a 52% jump from the ₹452 crore posted in the same quarter last year.
Open Flip✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 363.99 points or 0.45% at 80,369.03, and the Nifty was up 127.70 points or 0.52% at 24,466.85. 📊 Among sectoral, Nifty PSU Bank (⬆️3.64%) turned out to be the best performer while Nifty Auto (⬇️1.57%) saw considerable selling.
Open FlipShares of Indraprastha gas rose 5% to their day’s high of Rs 425.50 on BSE even as the company reported a year-on-year fall of 17.8% in its net profit to Rs 454.1 crore for the second quarter of the financial year 2025.The profit for the same quarter of the previous year was reported at Rs 552.6 crore. However, IGL’s revenue witnessed a rise of 7% YoY to Rs 4,088 crore for the quarter.
Open FlipOla Electric Mobility‘s shares have fallen below its listing price of ₹76 on Tuesday. What Happened: Ola Electric’s shares have fallen 3.54% to an intraday low of ₹74.84 on Tuesday, sliding below the company’s listing price of ₹76. The shares have fallen 7% in the week and 50% from its all-time high of ₹157.40 in August.
Open FlipListed realty developer Anant Raj Ltd will raise up to Rs 2,000 crore via Qualified Institutional Placement (QIP) for expansion and development of projects.Earlier this year, the company had raised Rs 500 crore QIP and used part of the funds raised to bring down the debt and working capital requirements.The company has plans to invest around Rs 1,000 crore to develop a total of four projects.
Open FlipCipla posted a 15.2% rise/decline in its net profit for the second quarter of the financial year, though shares were still in the red on Tuesday. What Happened: India’s third-largest pharmaceutical company said its net profit attributable to owners came in at ₹1,302.53 crore for the quarter ended September, compared with the ₹1,130.91 crore it earned in the same period last year.
Open FlipAfter a brief rally on Monday, auto stocks resumed their downward trend on Tuesday, October 29, with 14 out of 15 constituents of the Nifty Auto index trading in the red. These stocks declined between 1% to 6%, with the index plunging 2.70% to 23,300—a level last seen in early June. Tata Motors led the decline with a 6% drop, followed closely by Bajaj Auto, Hero MotoCorp, and more.
Open FlipBharat Seats' board will consider issuing bonus shares in its November 5 meeting, with shareholders who purchase before the ex-date eligible to receive the shares; the company will also approve its Q2 results in the same meeting. Bharat Seats had last issued bonus shares in 2007 and its stock has risen 42% in the last year.
Open FlipAmi Organics' shares surged up to 14% after reporting a profit in Q2 FY25, with revenue growth of 43.2% year-on-year to ₹246.7 crore and net profit of ₹37 crore, driven by strong performance in pharmaceutical intermediates and specialty chemicals. The company raised its revenue growth guidance to 30% for FY25, sending its stock to a record high.
Open FlipAs Dhanteras approaches, gold buyers are reflecting on a prosperous year, with those who purchased gold on last year’s Dhanteras, November 10, 2023, enjoying returns of around 30%. Despite this substantial rise, experts predict further upside potential, with gold prices expected to reach Rs 87,000 per 10 grams by next Dhanteras, reflecting an additional gain of 10-11% from current levels.
Open FlipJio Financial Services in a release on October 29 said that it has received approval from RBI for its arm to operate as an "online payment aggregator.The authorisation has been given to Jio Financial’s wholly-owned subsidiary Jio Payment Solutions Limited (JPSL), it added. At 12.41 pm, Jio Financial Services shares were trading at ₹323.25 apiece, or 6.50 per cent up since opening on the BSE.
Open Flip