FIIs buy shares worth nearly Rs 10,000 crore on Nov 25
Tue, Nov 26, 2024 4:59 PM

FIIs buy shares worth nearly Rs 10,000 crore on Nov 25

After recording the longest-ever selling spree of 38 sessions, foreign portfolio investors (FPIs) finally pressed the buy button on November 25, buying shares worth almost Rs 10,000 crore amidst an overall positive market sentiment because of the thumping win that BJP-led NDA registered in Maharashtra. Over the past two months, FPIs have been aggressively selling in the India stock market.

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The fall and rise of fine jewellery startup BlueStone
Tue, Nov 26, 2024 4:58 PM

The fall and rise of fine jewellery startup BlueStone

The dazzlingly bright fine jewellery store had all kinds of glitzy items on display, but there were only four customers checking them out when Mint visited it on a Wednesday evening earlier this month. The manager candidly told us most visitors arriving after browsing the website Bluestone.com, and rarely looking for wedding jewelry, unlike traditional retailers like C. Krishniah Chetty or others.

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Karnataka High Court stays NCLT order barring Aakash from amending AoA
Tue, Nov 26, 2024 4:55 PM

Karnataka High Court stays NCLT order barring Aakash from amending AoA

The Karnataka High Court has stayed a National Company Law Tribunal (NCLT) order that barred Byju’s-owned Aakash Educational Services from passing a resolution to amend its Articles of Association (AoA). The resolution was an attempt to reduce the influence of minority shareholders, the investors had argued, accusing Byju’s of trying to giving a greater say to big investors like Manipal Education.

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Futures muted as investors weigh Trump's tariff threats
Tue, Nov 26, 2024 4:51 PM

Futures muted as investors weigh Trump's tariff threats

U.S. stock index futures were flat on Tuesday, as investors paused following several sessions of gains and weighed the implications Donald Trump's tariffs on top trade partners could have on the local economy. The president-elect said he would impose a 25% conditional tariff on Canadian and Mexican imports that could violate a free-trade deal he negotiated during his previous term.

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Money market account rates today: November 26, 2024
Tue, Nov 26, 2024 4:50 PM

Money market account rates today: November 26, 2024

Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding long-term savings.

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Buy Dalmia Bharat; target of Rs 2080: Geojit Financial Services
Tue, Nov 26, 2024 4:48 PM

Buy Dalmia Bharat; target of Rs 2080: Geojit Financial Services

Dalmia Bharat's Q2FY25 revenue dropped 2% YoY due to lower realizations, despite an 8% YoY volume increase. EBITDA fell 26% YoY, with margins declining to 14.1%. The company guides for long-term EBITDA of Rs. 1,100-1,200/tonne and expects cost reductions of Rs. 150-200/ton in 3 years. The target price is Rs. 2,080, maintaining a BUY rating.

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Economic advice for Trump and Powell: first, do no harm
Tue, Nov 26, 2024 4:47 PM

Economic advice for Trump and Powell: first, do no harm

The US economy's strong growth, driven by productivity gains and a growing workforce, is not expected to overheat, and the Fed should support it by keeping interest rates low, while policymakers should focus on encouraging entrepreneurship and innovation to sustain the growth momentum. Real GDP is on track to exceed its pre-pandemic trend for the second straight year.

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Relicab Cable Standalone September 2024 Net Sales at Rs 11.12 crore
Tue, Nov 26, 2024 4:46 PM

Relicab Cable Standalone September 2024 Net Sales at Rs 11.12 crore

Reported Standalone quarterly numbers for Relicab Cable Manufacturing are: Net Sales at Rs 11.12 crore in September 2024 up 29.19% from Rs. 8.61 crore in September 2023. Quarterly Net Profit at Rs. 0.81 crore in September 2024 up 155.03% from Rs. 0.32 crore in September 2023. EBITDA stands at Rs. 1.63 crore in September 2024 up 50.93% from Rs. 1.08 crore in September 2023.

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Plaza Wires Standalone September 2024 Net Sales at Rs 47.84 crore
Tue, Nov 26, 2024 4:46 PM

Plaza Wires Standalone September 2024 Net Sales at Rs 47.84 crore

Reported Standalone quarterly numbers for Plaza Wires are: Net Sales at Rs 47.84 crore in September 2024 down 0.31% from Rs. 47.99 crore in September 2023. Quarterly Net Profit at Rs. 0.16 crore in September 2024 down 89.97% from Rs. 1.55 crore in September 2023. EBITDA stands at Rs. 1.21 crore in September 2024 down 69.44% from Rs. 3.96 crore in September 2023.

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Infosys issues 85% bonus payouts to employees for Q2FY25
Tue, Nov 26, 2024 4:44 PM

Infosys issues 85% bonus payouts to employees for Q2FY25

India’s second-largest information technology services firm Infosys has issued an 85 percent bonus to eligible employees for the second quarter ending September 30 of the current fiscal (FY25), sources told Moneycontrol. The letters informing employees about the variable payouts were sent on November 25 and 26. The bonus will be distributed to Band 6 and below employees.

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Kalyan Jewellers Standalone September 2024 Net Sales at Rs 5,226.79 crore
Tue, Nov 26, 2024 4:42 PM

Kalyan Jewellers Standalone September 2024 Net Sales at Rs 5,226.79 crore

Reported Standalone quarterly numbers for Kalyan Jewellers India are: Net Sales at Rs 5,226.79 crore in September 2024 up 39.22% from Rs. 3,754.32 crore in September 2023. Quarterly Net Profit at Rs. 120.26 crore in September 2024 down 4.2% from Rs. 125.53 crore in September 2023. EBITDA stands at Rs. 290.85 crore in September 2024 up 3.29% from Rs. 281.58 crore in September 2023.

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Buy Triveni Turbine; target of Rs 835: Geojit Financial Services
Tue, Nov 26, 2024 4:42 PM

Buy Triveni Turbine; target of Rs 835: Geojit Financial Services

Triveni Turbine reported a strong Q2FY25 with 29% revenue growth and improved EBITDA margin of 22.2%. The company's order book grew 22% YoY, driven by strong export orders, providing visibility for FY25 revenue and profitability. With a BUY rating, the target price is revised to Rs 835, expecting 28%/27% CAGR growth in revenue/PAT over FY24-FY27E.

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Goenka Diamond Standalone September 2024 Net Sales at Rs 0.19 crore
Tue, Nov 26, 2024 4:40 PM

Goenka Diamond Standalone September 2024 Net Sales at Rs 0.19 crore

Reported Standalone quarterly numbers for Goenka Diamond and Jewels are: Net Sales at Rs 0.19 crore in September 2024 up 50.39% from Rs. 0.13 crore in September 2023. Quarterly Net Loss at Rs. 0.42 crore in September 2024 up 25% from Rs. 0.56 crore in September 2023. EBITDA stands negative at Rs. 0.18 crore in September 2024 up 40% from Rs. 0.30 crore in September 2023.

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Buy Cochin Shipyard; target of Rs 1557: Geojit Financial Services
Tue, Nov 26, 2024 4:40 PM

Buy Cochin Shipyard; target of Rs 1557: Geojit Financial Services

Cochin Shipyard's Q2FY25 revenue grew 15% YoY, driven by shipbuilding and repair services, but EBITDA remained flat due to higher input costs and margin decline. Despite a 61% correction in valuation, the company has a strong order backlog and healthy pipeline, supporting a BUY rating with a target price of Rs.1,557.

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RBZ Jewellers Standalone September 2024 Net Sales at Rs 116.60 crore
Tue, Nov 26, 2024 4:40 PM

RBZ Jewellers Standalone September 2024 Net Sales at Rs 116.60 crore

Reported Standalone quarterly numbers for RBZ Jewellers are: Net Sales at Rs 116.60 crore in September 2024 up 57.28% from Rs. 74.13 crore in September 2023. Quarterly Net Profit at Rs. 8.07 crore in September 2024 down 4.81% from Rs. 8.47 crore in September 2023. EBITDA stands at Rs. 14.10 crore in September 2024 down 1.95% from Rs. 14.38 crore in September 2023.

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