Muskan 
Shares of National Aluminium Company, or NALCO, increased in early trading on November 14 following the state-owned metals company’s announcement of a five-fold increase in net earnings for the September quarter. In comparison to the same quarter of the previous fiscal year, when it reported a net profit of Rs 206.3 crore, the National Aluminium … Read more
The shares of Niva Bupa Health Insurance made a respectable market debut on Thursday, November 14, when they went public on the NSE for ₹78.14, 5.5% above the issue price of ₹74. It was listed at ₹78.5 on the BSE, which was 6.08 percent higher than the IPO price. From November 7 to November 11, … Read more
The auto component manufacturer Samvardhana Motherson International Ltd. announced on Tuesday that its consolidated net profit for the September quarter increased by a factor of four to Rs 948.81 crore, driven by robust revenue growth. A regulatory filing from Samvardhana Motherson International Ltd (SAMIL) said that the company’s consolidated net profit for the same quarter … Read more
The biggest wine manufacturer in India, Sula Vineyards Limited, revealed its financial results for the second quarter and first half of FY25, emphasizing that its Own Brands division had grown for ten consecutive quarters. Net revenue for the first half of the year was Rs 271.7 crore, up 3.7% year over year, while Q2 revenue … Read more
Global investment behemoth Prosus has made $2 billion from its entire stake in foodtech company Swiggy, which debuted on the public exchange today (November 13) at a $11.3 billion value. After selling a portion of its ownership in the Sriharsha Majety-led company, Prosus, Swiggy’s largest stakeholder, sold $500 million worth of shares during the initial … Read more
On Wednesday, November 13, intraday trading saw a 14.31% increase in shares of KNR Constructions, a prominent supplier of engineering, procurement, and construction (EPC) services, reaching a three-week high of ₹324.65 per share. The company’s impressive success in the September quarter was followed by a surge in the stock price. KNR’s consolidated revenue increased by … Read more
Swiggy, a food delivery and quick service firm, rose 16.92% from its initial price of Rs 390 to end at Rs 456 on Wednesday. Furthermore, the company’s market value surpassed one lakh crore. At Rs 420, the company’s shares had their NSE debut, representing a 7.69% rise above the issue price. In the meantime, the … Read more
Asian stocks fell behind US and European market futures as traders assessed the implications of Donald Trump’s cabinet composition and policy ambition. Concerns that Trump’s policies, including tax cuts, could increase inflation caused the MSCI Asia Pacific Index to decline for a third day as Treasury yields increased. Hong Kong stocks had the biggest declines … Read more
On November 11, 2024, Shree Cement released their Q2 results, which showed a sharp drop in sales over the prior year. The business’s top line fell 15.54% year over year, and its profit fell a startling 82.89%. Compared to the prior quarter, profit dropped 72.56% and revenue dropped 20.88%. According to Shree Cement, selling, general, … Read more
On Tuesday, November 12, 2024, Nykaa’s parent company, FSN E-Commerce Ventures, is scheduled to report its second quarter (Q2FY25) results. According to brokerages monitored by Business Standard, Nykaa’s revenue is expected to increase by 27.06 percent year-over-year (Y-o-Y) on average to Rs 1,914.86 crore from Rs 1,507 crore the previous year. Quarter-over-quarter (Q-o-Q) growth in … Read more