Afcons Infrastructure IPO opens for subscription. Should you bid?
Afcons Infrastructure IPO GMP: The initial public offering (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, opened for subscription on Friday and will close on October 29. The offering includes a fresh issue of shares valued at Rs 1,250 crore and an OFS of up to Rs 4,180 crore by promoter. Current GMP of Afcons […]
Bikaji Foods shares surge 10% post Q2 results, profit after tax up by 14.7%
Bikaji Foods shares rose 10% after Q2 results showed 18.5% revenue growth and 15% profit increase, driven by strong demand in ethnic snacks and packaged sweets during the festive season.
Waaree Energies IPO allotment finalised, GMP zooms 106%. Check details
Waaree Energies plans to use IPO funds to establish a 6 GW manufacturing facility in Odisha and support general corporate purposes. As India’s largest solar PV module manufacturer with 12 GW capacity, the company reported a 69% revenue increase to Rs 11,398 crore in FY24. It is also expanding to a 3 GW facility in […]
IndusInd Bank may not use the contingency provision, but it is prudent to provide for bad times: Sumant Kathpalia
Sumant Kathpalia, MD & CEO of IndusInd Bank, emphasizes balance sheet stability over growth amid disappointing quarterly results. The bank has made contingency provisions for its microfinance sector due to emerging stress. Kathpalia assures shareholders of the bank’s solid foundation, aiming for cautious optimism and steady growth in the face of cyclical challenges.
PNB Housing Finance shares rally 11% after strong Q2 results
PNB Housing Share Price: PNB Housing Finance shares climbed 11% to Rs 1,035 after posting a 23% YoY rise in Q2 FY25 net profit to Rs 470 crore, attributed to improved asset quality and reduced GNPA ratio. Net interest income grew modestly, while net interest margin showed slight improvement.
IREDA, RVNL among 12 midcap multibaggers since last Diwali. 10 gems for next Samvat
Analysts suggest a cautiously optimistic approach for Indian equities amid current market corrections. Top stock picks from Fisdom Research include HCL Technologies, IndusInd Bank, Max Healthcare Institute, Kalyan Jewellers, and Crompton Greaves Consumer Electricals, each with considerable growth potential and key technical and fundamental triggers.
ITC shares jump over 1% after Q2 earnings. Here’s what analysts say
Shares of FMCG major ITC surged 4% to a day’s high of Rs 490 on the BSE on Friday, following the company’s announcement of a nearly 16% increase in revenue to Rs 22,282 crore for the quarter ended September 2024. While net profit rose marginally to Rs 4,993 crore—up 2%—it fell short of Street estimates […]
Is it time to buy the dip in banks? Sandip Sabharwal answers
It is important that RBI starts using policy now because otherwise the stress will rise further. But nevertheless, this was something which was expected. Now, credit costs for banks have been going up.
Paytm shares rally nearly 11% in a week. Is the worst behind?
Paytm shares rise nearly 11% in one week after securing NPCI approval for onboarding new UPI users and reporting a net profit of Rs 928.3 crore for Q2 FY2024, bolstered by a one-time gain from selling its entertainment ticketing business. Analysts highlight significant business and profitability improvements.
ETMarkets Smart Talk: Axis Bank, Zomato among top 8 picks for Samvat 2081, recommends Shrikant Chouhan
In the near term, the markets may remain volatile amid geo-political conflict, upcoming US Presidential elections and Q2FY25 result season.