Broader market gets the feeling of Covid deja vu
The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 533 have fallen between 25% and 50%.
Trading in F&Os can’t be national pastime: Ashwani Bhatia
“There is a saying uneasy lies the head that wears a crown…We are number one and globally also more than 50 % of the F&O volume happens in India. This is a crown we do not wish to wear,” Bhatia said.
Godavari Biorefineries collects Rs 166 crore from anchor investors ahead of IPO
Godavari Biorefineries Ltd raised over Rs 166 crore from anchor investors including HDFC Mutual Fund and Goldman Sachs prior to its IPO. The IPO, including a fresh issue of Rs 325 crore and an Offer-for-Sale of 65.27 lakh shares, is expected to total Rs 555 crore.
Persistent Systems Q2 results: PAT jumps 23% YoY to Rs 325 crore, revenue up by 20%
Persistent Systems reported a 23.4% jump in PAT to Rs 325 crore and a 20% YoY increase in revenue. The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore. Persistent Systems posted an EBITDA of Rs 480.73 crore for the reporting period, up by 18.7% YoY, while the EBITDA margin […]
ICICI Prudential Life Insurance Q2 Results: Profit rises marginally to Rs 252 crore
ICICI Prudential Life Insurance Company on Tuesday reported a marginal rise of 3 per cent in its net profit to Rs 252 crore in the September quarter. The company’s net profit stood at Rs 244 crore in the same quarter a year ago.
CanFin Homes Q2 Results: Profit zooms 34% to Rs 212 crore
Mortgage lender Can Fin Homes reported a 34% rise in net profit for the second quarter at Rs 212 crore against Rs 158 crore in the year ago period.
Sebi issues framework on associations b/w mkt intermediaries, unauthorised financial advisors
Markets regulator Sebi on Tuesday came out with a framework on associations between market intermediaries and unauthorised financial advisors, especially with regard to specified digital platforms.
Mahindra Finance Q2 Results: Net profit soars 36% to Rs 390 crore, NII rises 19%
Mahindra Finance reported a 36% rise in consolidated net profit for the September quarter, achieving Rs 390 crore. Standalone net profit grew by 57%, totaling Rs 369 crore. Although vehicle finance slowed, the gross loan book grew by 20%. Stage-3 assets improved to 3.8% from 4.3% year-on-year.
Tech view: Breakdown below 24,400 may open doors for 24k in Nifty. How to trade tomorrow
A long bear candle has been formed on the daily chart, indicating a decisive downside breakout of 24,600-24,500 levels. Nifty is currently weakening after forming a new lower top around 25230 levels. Another crucial weekly cluster support around 24,500 is placed on the verge of a downside breakout.
If I am zero to one for Nykaa, Anchit is one to 100 and that makes us a good fit: Adwaita Nayar
Adwaita and Anchit Nayar, leaders at Nykaa, highlight their complementary roles in driving the company’s success. They share insights on India’s consumer tech and quick commerce growth, Nykaa’s rapid expansion in warehouse capacity, and plans for same-day or next-day delivery, leveraging their efficient capital use and market competition to build the category.