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ITC Ltd.’s hotel business, now spun off as ITC Hotels, is set to debut on the stock exchanges this Wednesday. The demerger is a strategic move by ITC to unlock value for its shareholders. As per the demerger ratio of 1:10, investors who held 10 shares of ITC as of January 6, 2025, will receive…
Kaynes Technology Shares Plunge 19% on Revised Revenue Guidance Kaynes Technology saw its share price tumble by over 19% on Tuesday following a downward revision in its revenue guidance for FY25. The company now projects revenue of ₹2,800 crore, down from its earlier estimate of ₹3,000 crore. What Led to the Drop? The sharp decline…
Stock Market Today: Markets See a Steep Correction The markets started the week on a negative note as the Nifty-50 Index closed at 22,817.90, down 1.19%, while the S&P BSE Sensex ended 1.08% lower at 76,233.70. The decline was broad-based, with sectors like IT, metals, and pharma leading the fall. The Nifty Bank Index also…
Denta Water and Infra Solutions IPO Allotment Scheduled for Today, January 27, 2025 Denta Water and Infra Solutions Limited, a rising star in the water and infrastructure sector, is set to finalize its IPO allotment today. Founded in 2016, the company has quickly established itself as a key player in the industry, with expertise in…
IDFC First Bank Reports Q3FY25 Earnings: Profit Drops 53%, But Deposits and Loans See Steady Growth IDFC First Bank has announced its financial results for the October-December quarter of fiscal 2024-25 (Q3FY25) on January 25, 2025. The bank’s standalone net profit saw a sharp drop of 53%, falling to ₹339.4 crore from ₹715.7 crore during…
ICICI Bank Posts Solid Earnings, Impressing Analysts ICICI Bank has once again delivered a strong quarter, with steady earnings growth that has garnered positive reactions from analysts across the board. The bank’s solid performance, particularly its stable asset quality and superior growth compared to peers, has kept investor sentiment upbeat. Shares of ICICI Bank opened…
CDSL Shares Drop 9% After Weak Quarterly Results Shares of Central Depository Services Ltd. (CDSL) took a hit on Monday, January 27, falling as much as 9% following the company’s disappointing December quarter results released over the weekend. Financial Performance Shows Decline CDSL reported an operating income of ₹221 crore for the December quarter, down…
Dr Reddy’s Faces Challenges with Revlimid Decline, But Opportunities Lie Ahead Dr Reddy’s Laboratories delivered Q3 earnings that slightly surpassed market expectations, but the spotlight was on the declining revenue from Revlimid, the company’s blockbuster cancer drug. Once a significant growth driver, Revlimid’s contribution to the company’s revenue has been shrinking as its patent expiry…
Cyient DLM: Shares Tumble 12% on Weak Quarterly Performance Shares of Cyient DLM dropped sharply by 12% on January 22 after the company reported a significant dip in its net profit and margins for the December quarter. By 9:35 AM, the stock was trading 10% lower at ₹533. Over the past year, Cyient DLM’s stock…
Earnings to Watch Today, January 24 Several stocks across industries are set to release their quarterly results today, including: Earnings to Watch Tomorrow, January 25 Expect earnings announcements from prominent stocks tomorrow, such as: Quarterly Earnings Highlights Dr. Reddy’s Laboratories (YoY) Indus Towers (YoY) United Spirits (YoY) Adani Green Energy (YoY) Hindustan Petroleum Corporation (QoQ)…