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Source: Live Mint IndusInd Bank Q2 result: Private sector lender IndusInd Bank on Thursday, October 24, reported a 39.5 per cent year-on-year (YoY) decline in consolidated net profit at ₹1,331.29 crore for the September quarter of the current financial year (Q2FY25). In the same quarter last year, the bank had reported a profit of ₹2,202.16…
Source: Live Mint With a six-decade legacy of delivering complex infrastructure projects, Afcons’ IPO presents a compelling opportunity for investors seeking exposure to India’s burgeoning infrastructure sector. But let’s examine the company’s strengths and challenges to assess its potential. Afcons plans to use the IPO proceeds to enhance its financial position. It will allocate ₹600…
Source: Live Mint In Samvat 2080, the Indian market seen sharp rally supporting with strong economic environment in the country. The Nifty 50 surpassed 26,250 and BSE Sensex surpassed 85,900 in September 2024, with both Indexes gaining around 25 per cent during Samvat 2080. The BSE Midcap and Smallcap Index outperformed and gained 45 per…
Source: Live Mint Food delivery giant Swiggy is internally aiming for a company valuation of $12.5 billion-13.5 billion for its upcoming IPO, cutting its target by 10-16 per cent due to market volatility, according to news agency Reuters. Swiggy was earlier targeting a $15 billion valuation for its $1.4 billion November IPO which will be…
Source: Live Mint India’s largest household goods company Hindustan Unilever Ltd’s (HUL) struggle with muted volume growth is turning into a persistent concern. In the September quarter (Q2FY25), underlying volume growth stood at 3%, missing analysts’ expectation of 5%—hinting that India’s much-touted consumption story may be losing momentum. Weak demand, coupled with persistent food and…
Source: Live Mint Top Gainers and Losers Today : **The Top Gainers and Losers Today** The Nifty index concluded the trading session at 24,435.5, marking a decline of 0.15%. During the day, the Nifty reached a high of 24,480.65 and a low of 24,341.2. The Sensex fluctuated between 80,259.82 and 79,813.02, ultimately closing at 80,081.98,…
Source: Live Mint The auto sector has delivered a stellar performance over the past year. Since Samvat 2080, the Sensex has risen 23 per cent, while the BSE Auto index has surged 50 per cent. Year-to-date (YTD), the auto index has rallied 31 per cent, significantly outperforming the benchmark’s 11 per cent rise. Falling commodity…
Source: Live Mint US bond yields have been on an upward trajectory, with the benchmark 10-year Treasury yield reaching a three-month high on Wednesday. This sudden rise in bond yields, occurring ahead of the 2024 US Presidential Election, has exerted downward pressure on global equity markets. The 10-year Treasury yield has surpassed critical technical levels,…
Source: Live Mint Kataria Industries, listed on the NSE SME platform, has delivered remarkable returns to its investors as it has become a multibagger stock just three months after its market debut. The stock, which was listed at a significant 90 per cent premium in July 2024, has soared 116 per cent to reach ₹207.20…
Source: Live Mint SME IPO: Usha Financial Services’ initial public offering (IPO) opened for subscription on Thursday, October 24. The three-day public offer will conclude on Monday, October 28. The issue has already been subscribed 50% within an hour of opening, suggesting strong interest from investors. Usha Financial Services IPO price band is fixed at…
