Enviro Infra Engineers' IPO saw significant interest, with 8.01 times subscription on the second day, receiving bids for 24.67 crore shares against 3.07 crore on offer, with strong demand from non-institutional investors and retail individual investors. Enviro Infra IPO GMP has climbed to approximately 35 percent, according to market observers, indicating a strong listing gain on Friday.
Open FlipReported Consolidated quarterly numbers for Latteys Industries are: Net Sales at Rs 18.73 crore in September 2024 up 18.89% from Rs. 15.76 crore in September 2023. Quarterly Net Profit at Rs. 0.70 crore in September 2024 up 176.39% from Rs. 0.25 crore in September 2023. EBITDA stands at Rs. 1.48 crore in September 2024 up 45.1% from Rs. 1.02 crore in September 2023.
Open Flipđź’°The leading gainers in the Nifty index included ONGC (up 5.01%), Larsen & Toubro (up 4.15%), Bharat Electronics (up 4.09%), Bharat Petroleum Corporation (up 3.74%), and State Bank of India (up 3.48%). đź’°Conversely, the top losers in the Nifty index were JSW Steel (down 2.46%), Tech Mahindra (down 0.85%), Infosys (down 0.66%), Bajaj Auto (down 0.64%), and Asian Paints (down 0.51%).
Open FlipThe Indian stock market continued its upward trend on Monday, driven by the BJP-led alliance's win in the Maharashtra assembly election, with the Sensex rising 993 points or 1.25% to 80,109.85 and the Nifty increasing 315 points or 1.32% to 24,221.90, marking a gain of nearly 3,000 points in just two sessions.
Open FlipEurope has faced an unprecedented challenge related to drug shortages. Previously, shortages were dictated by production capacity & changing market. However, the largely inflationary-driven negative impact on pharma developers seen in 2023 has continued into 2024 as manufacturers battle with high operating costs while govts continue to curb price growth through cost-containment policies.
Open FlipReported Consolidated quarterly numbers for TVS Srichakra are: Net Sales at Rs 841.74 crore in September 2024 up 13.8% from Rs. 739.65 crore in September 2023. Quarterly Net Profit at Rs. 10.31 crore in September 2024 down 73.65% from Rs. 39.12 crore in September 2023. EBITDA stands at Rs. 61.43 crore in September 2024 down 32.72% from Rs. 91.31 crore in September 2023.
Open FlipShalimar Paints reported a 21.49% increase in net sales to Rs 144.74 crore in September 2024, but incurred a net loss of Rs 19.62 crore, up 23.42% from the same period last year, with a negative EBITDA of Rs 11.44 crore. Shalimar Paints shares have given -35.67% returns over the last 6 months and -41.34% over the last 12 months.
Open FlipA year-end rally will start this week and push the S&P 500 Index about 4% higher to 6,200 points, according to Goldman Sachs Group Inc. trader Scott Rubner. Retail euphoria is accelerating across equities and crypto, just as stocks enter their best seasonal trading pattern. Corporate demand for buybacks is also increasing, adding to the reasons why the rally could start in the coming days.
Open FlipReported Consolidated quarterly numbers for Archidply Industries are: Net Sales at Rs 130.17 crore in September 2024 up 19.32% from Rs. 109.09 crore in September 2023. Quarterly Net Loss at Rs. 3.00 crore in September 2024 down 203.71% from Rs. 2.89 crore in September 2023. EBITDA stands at Rs. 4.14 crore in September 2024 down 37.37% from Rs. 6.61 crore in September 2023.
Open FlipReported Consolidated quarterly numbers for Cello World are: Net Sales at Rs 490.06 crore in September 2024 up 0.22% from Rs. 488.96 crore in September 2023. Quarterly Net Profit at Rs. 81.64 crore in September 2024 up 2.07% from Rs. 79.99 crore in September 2023. EBITDA stands at Rs. 131.91 crore in September 2024 up 0.7% from Rs. 130.99 crore in September 2023.
Open FlipSpanish performance car brand CUPRA, part of Volkswagen's portfolio, plans to enter the US market by 2030. The brand, which positions itself between the mass and premium segments, is in discussions with Penske Automotive Group for a potential collaboration in the US. CUPRA's product range, including internal combustion engine (ICE), plug-in hybrid electric vehicle (PHEV), and battery EVs.
Open FlipReported Consolidated quarterly numbers for Remsons Industries are: Net Sales at Rs 91.31 crore in September 2024 up 19.62% from Rs. 76.33 crore in September 2023. Quarterly Net Profit at Rs. 3.13 crore in September 2024 up 11.12% from Rs. 2.82 crore in September 2023. EBITDA stands at Rs. 9.10 crore in September 2024 up 8.59% from Rs. 8.38 crore in September 2023.
Open FlipHDFC Life has informed about an incident of data theft, informed by an 'unknown source' who shared 'certain data fields' of its customers with a mala fide intent. "We wish to inform that we have received communication from an unknown source, who has shared certain data fields of our customers with us, with mala fide intent," the insurer informed exchanges through a statement on Nov 25.
Open FlipReported Consolidated quarterly numbers for Bharat Rasayan are: Net Sales at Rs 327.87 crore in September 2024 up 24.73% from Rs. 262.87 crore in September 2023. Quarterly Net Profit at Rs. 32.14 crore in September 2024 up 435.67% from Rs. 6.00 crore in September 2023. EBITDA stands at Rs. 61.63 crore in September 2024 up 232.06% from Rs. 18.56 crore in September 2023.
Open FlipReported Consolidated quarterly numbers for Lumax Industries are: Net Sales at Rs 811.82 crore in September 2024 up 26.11% from Rs. 643.75 crore in September 2023. Quarterly Net Profit at Rs. 28.28 crore in September 2024 up 7.72% from Rs. 26.25 crore in September 2023. EBITDA stands at Rs. 62.32 crore in September 2024 up 9.91% from Rs. 56.70 crore in September 2023.
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