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Source: Live Mint Stock Market Today: The Nifty 50 index ended with gains of 0.66% at 25,127.95 on Monday, as some decline in crude prices provided a relief even though uncertainties pertaining to Iran-Israel war and FII outflows persists. BSE Sensex at 81,973.05, also closed with gains of 0.73%. The Bank Nifty at 51,816.90, ended…
Source: Live Mint Avenue Supermarts Ltd’s shares fell over 8% on Monday after its September quarter (Q2FY25) earnings missed expectations and concerns rose on growth prospects amid intensifying competition from quick commerce companies. Avenue runs the DMart supermarket chain. Standalone Ebitda margin in Q2 dropped 27 basis points year-on-year to 7.9%, which was below analysts’…
Source: Live Mint The Hyundai Motor India IPO launch scheduled for tomorrow marks a significant milestone for the country. The company is a wholly-owned subsidiary of Hyundai Motor Company, Korea and since its establishment in 1996, Hyundai has emerged as a prominent automobile manufacturer in India, renowned for its popular models like the i20, Creta,…
Source: Live Mint Trading nearly 27 per cent lower from their 52-week high, shares of small-cap company Krystal Integrated are poised for a turnaround, as per experts. Given focus on key sectors through government contracts, diverse revenue streams and strong financial performance, analysts are hopeful of up to 67 per cent rally in Krystal Integarted’s…
Source: Live Mint Hyundai IHyundai Motor India is set to launch its highly anticipated initial public offering (IPO) worth ₹27,870.16 crore on Tuesday, October 15. This IPO will be India’s largest to date, surpassing the previous record held by Life Insurance Corporation of India (LIC). Since FY09, Hyundai Motor India has maintained its position as…
Source: Live Mint Oil to telecom conglomerate Reliance Industries, on Monday, reported a decline in profit for the July-September quarter on Monday, primarily driven by weaker performance in its core oil-to-chemicals segment and its retail business. Investors will be paying close attention to the heavyweight stock on Tuesday, October 14, as the quarterly results are…
Source: Live Mint Hyundai Motor India (HMIL), on Monday, raised ₹8,315 crore from anchor investors on Monday, paving the way for the largest-ever initial public offering (IPO) in the country. The Indian subsidiary of South Korean automaker Hyundai Motor Company (HMC) allocated 42.4 million shares to 225 funds at ₹1,960 per share, the upper limit…
Source: Live Mint Mota-Engil, Portugal’s biggest construction company, is undervalued and its shares should be worth twice their market value, its chief executive officer said. Mota-Engil is down 27% since it released results for the first half-year on Aug. 28 and short sellers ramped up bets against the stock. Muddy Waters Capital Domino Master Fund…
Source: Live Mint Boeing Co. shares slipped around 3 per cent in early trading session on Monday after the planemaker said it plans to lay off about 10 per cent of its global workforce in the coming months, about 17,000 people. On Friday, Boeing’s new Chief Executive Officer Kelly Ortberg told staff in a memo…
Source: Live Mint OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group’s third consecutive downward revision. The weaker outlook highlights the dilemma faced by OPEC , which comprises the Organization of the…
