Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

3:07 PM

ALERT:: Dwarikesh Sugar Q2 net grows 31%; stock slips 2%

Dwarikesh Sugar today reported 30.9 per cent growth in Q2FY24 net profit at Rs 10.26 crore when compared with Rs 7.84 crore in Q2FY23. Total income, however, declined 17.3 per cent YoY to Rs 448.68 crore.

2:57 PM

ALERT:: SRF Q2 net dips 30%; stock up marginally

SRF today reported 29.7 per cent dip in Q2FY24 net at Rs 308.72 crore when compared with Rs 439.15 crore in Q2FY23. Total income declined 12.9 per cent YoY to Rs 2,625.09 crore.

2:49 PM

ALERT:: Indian Hotels Q2 net up 38%; stock off day's high

Indian Hotels today reported 38.1 per cent growth in Q2FY24 consolidated net at Rs 178.97 crore when compared with Rs 129.59 crore in Q2FY23. Total income rose 17.8 per cent YoY to Rs 1,480.87 crore.

2:41 PM

Maruti Suzuki at fresh high; up 4% on record quarterly sales, profit in Q2

The company reported 80.3% YoY jump in net profit to Rs 3,716.5 crore on account of higher net sales, softening of commodity prices, cost reduction efforts and higher non-operating income. READ MORE

2:33 PM

ALERT:: Cipla Q2 net jumps 45%; stock up 2%

Cipla today reported 44.9 per cent growth in Q2FY24 consolidated net at Rs 1,155.37 crore when compared with Rs 797.414 crore in Q2FY23. Total income was up 15.2 per cent YoY at Rs 6,854.47 crore.

2:19 PM

ALERT:: Maruti Q2 net soars 80%; stock rallies 4%

Maruti Suzuki today reported 80 per cent surge in Q2FY24 net profit to Rs 3,716 crore when compared with Rs 2,061 crore in Q2FY23. Revenue from operations grew 24 per cent YoY to Rs 37,062 per cent.

2:09 PM

ALERT:: Indian Overseas Bank Q2 net up 25%; stock surges 5%

Indian Overseas BAnk today reported a 24.8 per cent growth in Q2FY24 net profit at Rs 625 crore when compared with Rs 501 crore in Q2FY23. Net Interest margin increased to 3.12 per cent from 2.79 per cent.

.

1:57 PM

Shriram Finance surges 9% on healthy September quarter results

Shriram Finance's reported NIM expanded ~60bp QoQ driven by lower negative carry because of lower liquidity on the balance sheet, and increase in high-yielding products in the mix. READ MORE

1:45 PM

Asian Market Update:: Hang Seng soars 2%; Nikkei, Shanghai 1%

Source: Yahoo Finance

1:33 PM

ALERT:: Adani Energy commissions 2500 MW Green Evacuation 400 kV System in TN; stock up 1.5%

Adani Energy Solutions today announced the successful commissioning of the Karur Transmission Ltd (KTL) project. The project includes the establishment of the 400/230 kV, 1000 MVA Karur Pooling Station and an associated transmission line spanning 8.51 circuit kilometers (CKM) in Tamil Nadu.

 

1:22 PM

ALERT:: Bajaj Finserv Q2 net rises 24%; stock up 1%

Bajaj Finserv today reported a 23.9 per cent growth in Q2FY24 net profit at Rs 1,928.96 crore when compared with Rs 1,556.93 crore in the corresponding quarter a year ago. Total income grew 25.1 per cent YoY to Rs 26,022.66 crore.

1:14 PM

Top stock additions and reductions by mutual funds in last three months

IDBI Bank, Adani Green and Hindustan Zinc were the three new large-cap entries by mutual funds in September 2023. Among large-caps, significant buying was seen in Maruti Suzuki, Reliance Industries, Cholaman. Inv. Fin, while highest selling was seen in HDFC Bank, L&T and State Bank of India, shows data analysed by Nuvama Institutional Equities. READ MORE

 

 

1:01 PM

Indo Count hits 21-month high, rallies 12% on hopes of strong earnings

Growth in home textiles in India seems quite positive in coming years, driven by healthy export demand with benefits from reciprocal FTAs (free trade agreements). Read

12:50 PM

Buying a car this Diwali? Here are the latest loan rates, processing fees

Some banks are offering additional interest concessions of up to 0.25 per cent for existing housing loan borrowers and corporate salary account holders. Read

12:30 PM

India will lead the world in 6G: PM Narendra Modi at India Mobile Congress

PM Modi said that the need of the hour is to take forward the success in mobile and electronics and establish a strong semiconductor manufacturing sector in India. Read