Indian markets are set for a lukewarm opening, as Nifty futures trade flat and most Asian peers decline. The silver lining is that the disappointing earnings season is drawing to a close, with beauty retailer Nykaa and Natco Pharma set to report results today. Technology stocks will be key in supporting the market, which remains…
Target: ₹325 CMP: ₹256.20 ONGC’s Q2-FY25 standalone EBITDA, at ₹18,200 crore, was slightly lower than JM Financial’s expectation of ₹18,800 crore (but in line with consensus of ₹18,200 crore) due to crude sales volume being 3 per cent below JMFe, but that was partly offset by net crude realisation being $1/bbl above JMFe at $…
Target: ₹3,100 CMP: ₹2,677.90 Doms Industries has reported another strong quarter amid a slowdown in the broader consumption space. Its Q2-FY25 revenue/EBITDA/PAT growth at 20/32/43 per cent y-o-y were ahead of BNP Paribas expectation. We raise our FY25-27E EPS by 3-5 per cent and expect Doms to double its earnings over FY24-27. Doms completed the…
Hindalco, ONGC, Ramco Cements & Ambuja Cements Share Price Highlights; Sagility IPO Listing Today November 12, 2024: Shares of Ramco Cements closed nearly 5% higher on Tuesday as its Q2 results beat street estimates. Hindalco and ONGC shares close flat following strong Q2 performance. Sagility India stock closed 6.31% lower on the NSE at ₹29.10…
Equity benchmark indices Sensex and Nifty slumped 1 per cent each on Tuesday due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish global trends. The BSE benchmark Sensex tumbled 820.97 points or 1.03 per cent to settle at 78,675.18. During the day, it plunged 948.31 points or 1.19 per cent to 78,547.84….
Rosmerta Digital Services is looking to raise over ₹206 crore through an initial public offering (IPO), which will open for subscription on November 18. The issue, with a price range of ₹140 to ₹147 apiece, will conclude on November 21. The bidding for anchor investors will open for a day on November 14, the company…
Ramco Cements stock surged on Tuesday following its Q2 results, despite recording a 64.2 per cent decline in its consolidated net profit to ₹25.77 crore for the second quarter ended September 2024 due to weak demand and lower cement prices. The company raised ₹376 crore over the past two months from the sale of non-core…
Servotech Power Systems Ltd (SPSL) on Tuesday announced that it has secured a 2 MW on-grid solar project from the Uttar Pradesh government. The project has been awarded by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), the company said in a statement. Also read: What you should know before you install rooftop solar…
Inox Wind on Tuesday bagged an order for 87 MW wind energy project from Continuum Green Energy, a leading commercial and industrial (C&I) renewable energy player. This repeat order from Continuum is for IWL’s 3 MW Wind Turbine Generators (WTGs) and will be executed on an end-to-end turnkey basis, a company statement said. Additionally, Inox…
Shares of Sagility India Ltd, a technology-enabled services provider in the healthcare space, on Tuesday listed with a premium of 3.53 per cent against the issue price of ₹30. The stock made its debut at ₹31.06, up 3.53 per cent from the issue price on both the BSE and NSE. Later, it jumped 7.2 per…
