CDSL Consolidated September 2024 Net Sales at Rs 322.26 crore
Mon, Oct 28, 2024 3:20 PM

CDSL Consolidated September 2024 Net Sales at Rs 322.26 crore

Reported Consolidated quarterly numbers for Central Depository Services Ltd are: Net Sales at Rs 322.26 crore in September 2024 up 55.45% from Rs. 207.31 crore in September 2023. Quarterly Net Profit at Rs. 162.03 crore in September 2024 up 48.85% from Rs. 108.85 crore in September 2023. EBITDA stands at Rs. 236.05 crore in September 2024 up 55.12% from Rs. 152.17 crore in September 2023.

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How can an NRI carry forward capital losses?
Mon, Oct 28, 2024 3:15 PM

How can an NRI carry forward capital losses?

An NRI sold a residential property in India at a loss in 2021-22, filed the ITR on time, and hasn't filed returns for 2022-23 due to minimal income, but earned capital gains income in 2023-24. Despite missing the filing deadline, the individual can still set off the losses against the current year's capital gains income by submitting a belated tax return by December 31, 2024.

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Sun Pharma Q2 Results: Net profit at ₹3,040 crore, beats estimates
Mon, Oct 28, 2024 3:13 PM

Sun Pharma Q2 Results: Net profit at ₹3,040 crore, beats estimates

Sun Pharmaceuticals Ltd., the country's largest drugmaker, on Monday (October 28), reported a net profit of ₹3,040 crore, which is higher than the CNBC-TV18 poll of ₹2,895 crore. Revenue for the quarter stood at ₹13,291 crore, which is lower than the CNBC-TV18 poll of ₹13,320 crore. Following the Q2 earnings announcement, shares of Sun Pharma are trading 2.48% higher at ₹1,906.45.

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PNB Q2 net profit jumps 2.5x on-year to Rs 4,303 crore
Mon, Oct 28, 2024 2:57 PM

PNB Q2 net profit jumps 2.5x on-year to Rs 4,303 crore

Punjab National Bank (PNB) reported a substantial 2.5x year-on-year surge in its standalone net profit to Rs 4,303.5 crore for the quarter ending September 2024, compared with Rs 1,756.1 crore in the same period a year earlier. The jump in profit was helped by an over Rs 3,150-crore fall in new provisions recorded during the quarter, while the interest income surged and asset quality improved.

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DLF likely to launch the first phase of Mumbai project in Q4FY25
Mon, Oct 28, 2024 2:56 PM

DLF likely to launch the first phase of Mumbai project in Q4FY25

The Delhi-National Capital Region (NCR)-based real estate developer DLF Limited, a listed company, is likely to launch the first phase of its Mumbai project in the fourth quarter of financial year (FY) 2025, ending March 31. DLF’s Mumbai project, which is located at Andheri (West), is a Slum Rehabilitation Authority (SRA) venture. It is being developed in partnership with the Trident Group.

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DLF shares jump 8%, get an upgrade
Mon, Oct 28, 2024 2:56 PM

DLF shares jump 8%, get an upgrade

DLF Ltd.'s shares surged 8% after posting a 122% year-on-year growth in consolidated net profit, despite reporting its weakest bookings in 17 quarters. Brokerages Motilal Oswal and Morgan Stanley have upgraded and maintained recommendations, respectively, with price targets of ₹925 and ₹910 per share, citing growth visibility and upcoming project launches.

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Buy Dixon Technologies; target of Rs 17,750: Anand Rathi
Mon, Oct 28, 2024 2:23 PM

Buy Dixon Technologies; target of Rs 17,750: Anand Rathi

Dixon Technologies' Q2 results show continued growth momentum, driven by the cell-phone category, with efforts to integrate mobile manufacturing and explore tie-ups for camera modules and mechanicals. The company is also scaling up its laptop business, with a new manufacturing plant, and is expected to drive RoCE to 40.4% by FY27, prompting a Buy recommendation with a target price of Rs.17,750.

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European shares rise as key data and US tech earnings loom
Mon, Oct 28, 2024 2:21 PM

European shares rise as key data and US tech earnings loom

European shares edged up on Monday as investors prepared for a busy schedule of key economic data releases and earnings from major U.S. companies. The pan-European STOXX 600 was up 0.2% at 519.80 points as of 0815 GMT. It logged its first weekly loss in three weeks on Friday. The energy sector, which fell 1.7%, weighed on the benchmark.

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Motilal Oswal Q2 Results: Net profit at ₹1,120 crore; revenue rises 72%
Mon, Oct 28, 2024 2:20 PM

Motilal Oswal Q2 Results: Net profit at ₹1,120 crore; revenue rises 72%

Motilal Oswal on Monday, October 28, reported a 111% year-on-year (YoY) jump in its September quarter consolidated net profit at ₹1,120 crore. The same was ₹531 crore in the year-ago period. The company's revenue from operations surged nearly 72% on-year to ₹2,838 crore, compared to ₹1,655 crore in the corresponding quarter of last year.

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Bandhan Bank shares surge 9%
Mon, Oct 28, 2024 2:19 PM

Bandhan Bank shares surge 9%

Bandhan Bank shares surged 9% after reporting Q2 earnings, with global brokerages issuing mixed ratings, including Neutral, Outperform, and Buy, citing concerns over asset quality and MFI sector outlook, but also noting healthy loan and deposit growth, stable asset quality, and favorable risk-reward outlook.

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Small-cap Apollo Micro Systems clocks 386% gain in 2 years
Mon, Oct 28, 2024 2:19 PM

Small-cap Apollo Micro Systems clocks 386% gain in 2 years

Indian companies operating in the defence and space sectors have garnered significant interest from Dalal Street investors. This comes amid the Indian government’s emphasis on reducing defence imports and promoting domestic procurement, which has led to strong orders for local companies and, in turn, improved financial performance.

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Nuvama Wealth Management Q2 revenue jumps 50%, operating PAT rises 77%
Mon, Oct 28, 2024 2:06 PM

Nuvama Wealth Management Q2 revenue jumps 50%, operating PAT rises 77%

Nuvama Wealth Management reported strong financial results for the quarter ending September 30, 2024, highlighting its leadership in India’s wealth management industry. Revenue for the quarter rose to Rs 740 crore, up 50% from the same period last year. Total revenue for the April-September period increased by 55% YoY to Rs 1,407 crore.

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Reliance Industries shares surge after trading ex-bonus
Mon, Oct 28, 2024 2:06 PM

Reliance Industries shares surge after trading ex-bonus

Shares of Reliance Industries Ltd. are trading with gains of over 1.5% in Monday's trading session. Today is also the record date for its bonus issue of shares. Shares of the Nifty 50 heavyweight are trading ex-bonus from today's trading session. Reliance Industries, had announced a 1:1 bonus ahead of its Annual General Meeting (AGM).

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Bharti Airtel Q2 results preview
Mon, Oct 28, 2024 12:49 PM

Bharti Airtel Q2 results preview

Bharti Airtel will report its earnings for the July - September quarter on October 28 and analysts polled by CNBC-TV18 suggest that the telecom major is expected to witness a strong quarter on the back of recent tariff hikes. Each user is likely to have spent ₹21 more than they spent in the previous quarter, which means ARPU is likely to come in at ₹232 as compared to ₹211 in the previous quarter.

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Real estate developers raises Rs 12,801 crore via QIP this year
Mon, Oct 28, 2024 12:19 PM

Real estate developers raises Rs 12,801 crore via QIP this year

The real estate sector has contributed over 17% of QIP issuance across sectors, second most after the renewable energy sector, with developers raising Rs 12,801 crore in the first nine months of 2024.After the pandemic, Indian real estate developers have been aggressively tapping capital markets through Initial Public Offerings (IPOs) and Qualified Institutional Placements (QIPs).

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