Shares of Godavari Biorefineries rose 3% after Madhusudan Kela's wife, Madhuri, acquired a 1.19% stake worth ₹16.78 crore, buying 5 lakh shares at ₹335.66. This development came after the company's IPO in October, which was subscribed 1.83 times. Shares of Godavari Biorefineries rose 3.07% to ₹353.75 on Thursday morning.
Open FlipGodrej Agrovet Q2 Results : Godrej Agrovet announced its Q2 results on 29 October 2024, reporting a mixed performance with revenue decreasing by 4.75% year-on-year, while profit rose by 6.57%. The company achieved a profit of ₹5.84 per share, reflecting a solid increase compared to the same quarter last year.In contrast to the previous quarter, revenue grew by 4.17%.
Open FlipShares of DCM Shriram surged over 10 percent in the morning session on October 31 after its net profit for the September quarter surged 95 percent on-year. DCM Shriram posted a consolidated net profit of Rs 62.92 crore in Q2 FY25, marking a 95.16 percent rise from Rs 32.24 crore in the same period last year. The firm's total income increased by 11.8 percent to Rs 3,183.98 crore.
Open FlipJaguar Land Rover (JLR) clocked a 29% surge in the global retail sales of its hybrid vehicles during the first half of the financial year 2025. This increase is indicative of the growing demand for plug-in hybrid models. What Happened: The company attributed this sales boost to customers increasingly adopting the technology as a transition towards battery electric vehicles (BEV).
Open FlipTop brokerage firms have issued mixed ratings on Tata Power Company Ltd shares after the firm posted robust earnings for the September quarter, driven by strong performance in renewables and transmission segments. While Nomura and Morgan Stanley maintained a positive outlook, Jefferies has raised concerns about execution risks and issues at the Mundra thermal plant.
Open FlipShares of Mastek rose as much as 2 percent to Rs 2,893 in the morning trade on October 31 after Macquarie maintained an 'outperform' rating and raised the target price of the counter following the company's second quarter earnings. With a price target of Rs 3,320, implying an upside potential of 17.3 percent from the last closing price of Rs 2,830 on the National Stock Exchange.
Open FlipGold December futures contracts at MCX today opened at Rs 79,681 per 10 gram, which is down by 0.14% or Rs 113 while silver December futures contracts were trading at Rs 96,825/kg, down by 0.94% or Rs 915.In the month of October, precious metals have shown an impressive upward rally, with gold prices gaining Rs 4,000/10 grams and silver prices increasing by Rs 6,100/kg.
Open FlipThe Nifty IT index dropped nearly 3 percent on October 31 after US big tech stocks underperformed in their earnings reports. Meta Platforms announced weaker-than-expected user numbers in its third-quarter results, while Microsoft's revenue growth guidance fell short of expectations. Overnight, the US information technology sector was the largest decliner, falling 1.3 percent.
Open FlipPenny stock below ₹2: Standard Capital Markets Limited gained 4-5% in the morning trades on Thursday as the company announced completion of fundraise process. The Standard Capital Markets share price opened at ₹1.14 on the BSE on Thursday, almost 1.17% higher than the previous close of ₹1.12. The Standard Capital Markets share price thereafter jumped to highs of ₹1.7 marking gains of 4.5%.
Open FlipShares of Tata Power rallied 2.9% to an intraday high of Rs 439.50 on the BSE on Thursday after the company reported a net profit (before exceptional items) of Rs 1,533 crore for the September 2024 quarter, compared with Rs 1,017 crore in the same quarter last year.This represents a 51% year-on-year (YoY) increase. Meanwhile, revenue from operations fell 1% YoY to Rs 15,247 crore.
Open FlipShares of IRB Infrastructure Developers dropped as much as 4 percent on October 31 bogged down by the company's subdued earnings performance for the July-September quarter. At 10.20 am, shares of IRB Infra were trading at Rs 52.19 on the NSE. Including today's fall, the stock is now down over 21 percent in the last three months.
Open FlipShares of Jupiter Wagons Ltd surged over 5 per cent on October 31 after its subsidiary, Jupiter Electric Mobility (JEM), announced the acquisition of Log9’s Railway Battery and Electric Truck Battery divisions. The acquisition, which includes both technology and business assets of Log9 for its Railway Battery and Electric Truck Battery Divisions, aims to strengthen JEM’s position.
Open FlipJefferies adopts a cautiously optimistic stance on India's equity market, citing robust supply and strong domestic demand. Despite high supply, Jefferies recommends a cautious approach, favoring banks, two-wheelers, healthcare, and telecom. The firm raises its IT sector rating to neutral and downgrades consumer staples, citing shifting growth potential.
Open FlipStock market today: The NSE-listed SME stock Troms Industries’ share price witnessed strong buying interest during early morning deals on Thursday. The SME stock opened with an upside gap at ₹235 apiece and touched an intraday high of ₹249 apiece on the NSE, logging an over 5 per cent intraday rise against the previous close of ₹233.90 per share.
Open FlipUsha Financial Services' IPO listed at a 2.4% discount on the NSE SME platform, opening at Rs 164 compared to the issue price of Rs 168, despite receiving a strong response with an overall subscription of 19.4 times. The company aims to use the proceeds to strengthen its capital base and support general corporate purposes.
Open Flip