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Shares of Jindal Steel and Power Ltd (JSPL), also referred to as Jindal Steel, took a significant hit on Friday morning, falling by 10% after the company released its earnings report for the third quarter (Q3) of fiscal year 2024-25. The company, a major player in the steel manufacturing industry, reported a 51% year-on-year decline…
ABB India share price experienced a steep 7% decline on January 30, 2025, hitting an intraday low of ₹5,680 per share on the Bombay Stock Exchange (BSE). This sharp drop in ABB India stock followed reports revealing that its parent company, ABB Plc, had seen a 21% decrease in orders from India during Q4CY24. The…
The Securities and Exchange Board of India (SEBI) has taken a firm step towards strengthening financial regulations. In a new circular issued on January 29, 2025, SEBI clarified that brokerages and other regulated entities (REs) can no longer engage with individuals or organizations involved in providing unregistered investment advice, even indirectly. This move aims to…
Shares of Hitachi Energy India Limited saw a massive 20% jump on January 30, 2025, after the company reported stellar financial results for the December 2024 quarter. The surge in stock price reflects investor optimism following a significant rise in both profitability and operational performance. Strong Financial Performance: Net Profit Soars Hitachi Energy’s Q3 FY25…
Shares of Voltas Ltd. plunged by 13% on January 30, 2025, following the release of the company’s Q3 FY25 earnings, which, despite a return to profitability, failed to meet market expectations. The significant drop in share price, coupled with a surge in trading volumes, signals investor concerns over the company’s weaker-than-expected operational performance. Strong Turnaround,…
KPIT Technologies Ltd. experienced a notable surge in its stock price on January 30, 2025, rising by 8% after the company reported impressive financial results for Q3 FY25. The stock reached ₹1,448.30 per share, driven by a strong performance in its quarterly earnings and a positive market reaction to key growth indicators. The company’s continued…
Shares of Suzlon Energy Ltd have surged for the second consecutive session, hitting the upper circuit after the company reported better-than-expected Q3 earnings for the financial year 2024-25 (Q3 FY25). The rally in Suzlon Energy shares comes in the wake of two major global brokerages expressing optimism about the company’s prospects. Stock Performance and Trading…
In a significant move, Whirlpool India saw its shares plummet by 20% on January 30, 2025, following an announcement by its parent company, Whirlpool Corporation. The U.S.-based corporation revealed it plans to reduce its stake in the Indian subsidiary from 51% to 20% by mid-2025 through a series of market sales. The Announcement: What It…
Ambuja Cement, part of the Adani Group, has posted an exceptional performance for the third quarter of FY25, with a remarkable 242% increase in standalone net profit. The company’s net profit for the quarter ended December 31, 2024, stood at ₹1,758 crore, compared to ₹514 crore in the same period last year. The company’s standalone…
Indian Bank has delivered an outstanding performance in its Q3 FY25 results, posting a 35% year-on-year (YoY) jump in standalone net profit, which reached ₹2,852.36 crore. This marks a significant improvement compared to ₹2,119.35 crore in the same quarter of FY24. On a quarter-on-quarter (QoQ) basis, the bank saw a 5.39% increase in profit from…