Sensex, Nifty take breather after 3-day winning run; pharma, PSBs rally

Closing Bell on November 7, 2023: The broader markets, on the other hand, held steady gains throughout the session, settling 0.53 per cent and 0.38 per cent higher, respectively

2:26 PM

ALERT:: Meghmani Organics reports loss in Q2; stock slips 3%

Meghmani Organics today reported a net loss of Rs 3.60 crore for the quarter ended September 2023. In the year ago period, the company had posted a net profit of Rs 73.40 crore. Total income decreased 42.9 per cent YoY to Rs 374 crore.

2:14 PM

ALERT:: Kopran Q2 net jumps 3-fold; stock gains 2%

Kopran today reported a 196.1 per cent surge in Q2 consolidated net at Rs 13.77 crore for the quarter ended September 2023 as against Rs 4.65 crore in the year ago period. Total income rose 30.1 per cent YoY to Rs 152.72 crore.

2:01 PM

Strong near-term outlook to aid revenues, margins for IndiGo after Q2 show

InterGlobe Aviation, the operator of India's leading airline IndiGo, delivered a better-than-expected performance across most parameters in Q2 FY24. The company posted its fourth consecutive quarter of net profit, of Rs 188 crore. It had reported a loss of Rs 1,583 crore in the same quarter a year ago. READ MORE

1:51 PM

ALERT:: GHCL Q2 net tumbles 51%; stock dips 3%

GHCL today reported a 51.5 per cent drop in Q2 consolidated net at Rs 142.84 crore for the quarter ended September 2023 as against Rs 294.25 crore in the year ago period. Total income declined 31 per cent YoY to Rs 816.65 crore.

1:42 PM

ALERT:: Devyani International Q2 net dips 37%; stock up 2%

Devyani International today reported a 37 per cent dip in Q2 consolidated net at Rs 35.82 crore for the quarter ended September 2023 as against Rs 56.84 crore in the year ago period. Total income, however, grew 9.9 per cent YoY to Rs 826.05 crore.

1:32 PM

Wipro asks employees to work from office thrice a week as Covid curbs eased

Companies have been reversing or modifying their "remote work" policies as Covid-19 pandemic-related restrictions wound down for reasons including better communication and collaboration among workers. READ MORE

1:20 PM

Kharif crop prices will guide inflation fight in coming months amid polls

A few weeks back, the Central government released the first advance estimate of kharif crops, which showed a dip in production of almost all crops except for tur due to uneven monsoon and other natural calamities, including pest attacks, in the case of cotton. READ MORE

1:09 PM

Oil & gas shares in demand; ONGC hits 5-year high; HPCL soars 6%, IOC 4%

In Q2FY24, HPCL logged a consolidated net profit of Rs 5,827 crore, compared to a loss of Rs 2,476 crore in year ago quarter. Revenue, however, dipped 9.7 per cent year-on-year (YoY) to Rs 1.02 lakh crore. READ MORE

12:58 PM

ALERT:: Zydus Life Q2 net jumps 53%; stock up 2%

Zydus Lifesciences today reported a 53.2 per cent surge in Q2 consolidated net at Rs 800.70 crore for the quarter ended September 2023 when compared with Rs 522.50 crore in the corresponding quarter a year ago. Revenue from operations grew 9.1 per cent YoY to Rs 4,368.80 crore.

12:44 PM

Sector ALERT:: Shares of Oil Marketing companies rally up to 5% led by HPCL

12:33 PM

SBI can fend off rising risks In personal loans, says S&P Ratings

SBI's personal loans are growing faster than the rest of its portfolio. However, the bank's customer selection mitigates the associated risks. READ MORE

12:22 PM

ALERT:: D B Realty Q2 net soars to Rs 688 cr; stock gains 3%

D B Realty today reported a net profit of Rs 687.78 crore for the quarter ended September 2023 when compared with Rs 10.02 crore in the corresponding quarter a year ago. Total income soared 166.6 per cent YoY to Rs 683.99 crore.

12:10 PM

Market check:: Sensex at day's low, down over 300 pts on selling in ICICI, HDFC Bank

11:57 AM

ALERT:: KPI Green Energy wins repeat orders under CPP segment; stock up 1%

KPI Green Energy today informed BSE that it won a repeat orders for 2.70 MW for executing solar power projects under CPP Segment. 

 

The cumulative orders of solar power projects, till date have crossed 115+ MW under CPP segment of the company, the release added.

11:46 AM

MFs, SGBs or ETFs? How to pick the right digital gold investment option

Indians love gold, more so on auspicious occasions like Akshay Tritiya, Dhanteras and Diwali. In India the demand for the yellow metal rose 10% to 210.2 tonnes during the third quarter of the calendar year, while the purchase of gold bars and coins touched 55 tonnes in the same period,  the highest since 2015, according to a World Gold Council (WGC) report. READ MORE