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Pidilite Industries Reports 9% Growth in Q3 Net Profit, Optimistic on Future Demand Pidilite Industries Ltd, the leading manufacturer of adhesives, sealants, and construction chemicals, announced a 9% increase in net profit for the quarter ended December 31, 2024. The company reported a net profit of ₹557.08 crore, compared to ₹510.92 crore during the same…
Coforge Shares Surge 8% on Strong Q3 Performance and Positive Developments Shares of Coforge Ltd jumped 8% on Thursday after the IT major reported robust Q3 earnings and announced key strategic moves. The company posted a 10.3% increase in net profit for the December quarter, supported by a 42.8% YoY growth in revenue, which reached…
Market Highlights and Key Updates for January 23 The market is buzzing with activity as several major stocks announce their quarterly earnings today. Investors are keenly watching for results from stocks like UltraTech Cement, Dr. Reddy’s Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global…
Market Rebounds: Nifty and Sensex Climb After Yesterday’s Steep Drop The Indian stock market saw a strong recovery on January 22, as benchmark indices Nifty and Sensex bounced back from yesterday’s sharp crash, bringing relief to investors. Bank and FMCG stocks led the charge, although caution lingered in metal and PSU bank stocks, which tempered…
Kalyan Jewellers Shares Surge 9% After Motilal Oswal AMC Denies Bribery Allegations Shares of Kalyan Jewellers India rebounded sharply, climbing over 9% on January 20, following three days of steep declines. The recovery came after Motilal Oswal Asset Management Company (AMC) issued a strong clarification addressing baseless rumors circulating on social media about its investment…
Laxmi Dental Shares Debut with a 27% Premium on January 20 Shares of Laxmi Dental Ltd., a leading player in the dental solutions industry, made a strong debut on the stock exchanges, listing at a premium of 27% after receiving an overwhelming response in the primary market. The company’s IPO, backed by OrbiMed, was subscribed…
Wipro Shares Delivers Strong Q3 Results, Shares Surge Nearly 8% Wipro, one of India’s leading IT companies, posted better-than-expected Q3 earnings, showcasing significant margin improvement despite the traditionally slow December quarter. This strong performance has sparked optimism among brokerages, with many revising their estimates for the company. Stock Performance On the back of positive earnings…
Vodafone Idea Ltd Shares Surge 10% Amid Hopes of AGR Relief Shares of Vodafone Idea Ltd. hit the 10% upper circuit in early trading on January 20, following reports that the government might consider significant relief on the Adjusted Gross Revenue (AGR) dues imposed after the Supreme Court’s 2019 verdict. Early Session Spike At 9:35…
Kotak Mahindra Bank’s recent performance and stock surge underline its strong potential, especially for long-term investors. Here’s a quick breakdown to help you decide whether to buy, sell, or hold: Key Positives: Cautionary Factors: Investment Recommendation: The decision depends on your investment horizon and risk tolerance. A well-diversified portfolio can benefit from Kotak Mahindra Bank…
Brokerages Stay Bullish on Infosys Despite Q3 Beat, Caution Looms Over Q4 Infosys Shares has garnered widespread optimism from brokerages following its stellar October-December quarter (Q3) performance, which defied the usual seasonal slowdown. The IT giant not only exceeded expectations in revenue, margin, and earnings but also raised its FY25 revenue growth guidance for the…