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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…
The Indian stock market closed on a positive note on January 22, 2025, after a sharp sell-off in the previous session. Both benchmark indices, the Sensex and Nifty 50, bounced back, driven by gains in IT and banking stocks, even as midcap and smallcap segments remained under pressure. Market Overview The BSE Sensex gained 566.63…
Polycab Ltd., a leading name in the cables and wires manufacturing industry, witnessed its Polycab share rebound after an initial fall of up to 8%, following the announcement of its Q3 FY25 results. The positive outlook from the management, which included a forecast of exceeding its ₹20,000 crore revenue target for FY2026 within the current…
Kaynes Technology India Limited, a leader in the electronics manufacturing sector, saw a sharp drop in its stock price today. The stock price fell by 9.15%, closing at ₹5,402.35. The stock opened at ₹5,969.30, down from the previous close of ₹5,977.85, and traded within a range of ₹5,402.35 to ₹5,969.85. This decline marks a worrying…
Shares of IndiaMART InterMESH saw a sharp 10% decline to ₹2,065.40, reaching a 25-month low following the company’s Q3FY25 earnings report. This significant drop in stock price was primarily driven by concerns over declining subscriber growth and weak collections growth, prompting analysts to cut their target prices and downgrade their ratings. Analyst Downgrades and Target…
Tata Technologies Q3FY25 Results: Net Profit Drops 1% YoY, Revenue Grows by 2% Tata Technologies, a renowned global engineering and product development services company, announced its financial results for the third quarter (Q3) of the fiscal year 2024-25 on January 21, 2025. The results highlighted a mixed performance, with net profit experiencing a slight dip,…
HDFC Bank Q3FY25 Earnings Preview: Slower Loan Growth, High Credit Costs Likely to Weigh on Margins HDFC Bank, India’s largest private-sector lender, is set to announce its Q3FY25 earnings on Wednesday, January 22. The bank’s performance is expected to reflect muted growth as challenges such as higher credit costs, subdued loan growth, and an unfavourable…
HUL Q3 Results: Expectations of Muted Growth Amid Inflation and Seasonal Challenges Hindustan Unilever Limited (HUL), one of India’s largest fast-moving consumer goods (FMCG) companies, is set to announce its financial results for the third quarter of the fiscal year 2024-25 (Q3 FY25) on January 22. Shares of the company rose by nearly 1% in…
IICICI Pru Life Shares Drop 10% Despite 43% Surge in Q3 Profit The shares of ICICI Prudential Life Insurance Company saw a sharp decline on Wednesday, January 22, 2025, despite the company reporting an impressive 43% year-on-year (YoY) increase in net profit for the quarter ended December 31, 2024 (Q3 FY25). The stock fell 9.61%…
Vodafone Idea Stock Declines Amid AGR Dues Waiver Speculation Vodafone Idea share price saw a sharp drop of over 5% on January 21, 2025, after the company issued a clarification regarding rumors of a government waiver for telecom companies’ Adjusted Gross Revenue (AGR) dues. This decline followed the surge in the stock price earlier in…