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Source: Live Mint Shares of Poonawalla Fincorp, the Cyrus Poonawalla Group-promoted non-banking financial company (NBFC), crashed on Friday after the firm posted a net loss in the September quarter of the financial year 2024-25. Poonawalla Fincorp shares tanked 16.89 per cent to ₹297.65, compared to ₹358.15 at the previous market close. The company released its…
Source: Live Mint Bank of Baroda Q2 result: Bank of Baroda (BoB) on Friday, October 25, reported a nearly 23.2 per cent year-on-year (YoY) rise in standalone net profit at ₹5,238 crore for the quarter ended September 30, 2024. In the same quarter last year, the company reported a profit of ₹4,253 crore. On the…
Source: Live Mint Afcons Infrastructure IPO: The initial public offering (IPO) of Afcons Infrastructure Limited has opened today. Bidding for the Afcons Infrastructure IPO will begin at 10:00 AM during Friday deals. The flagship infrastructure engineering and construction company of the diversified conglomerate Shapoorji Pallonji has set the Afcons Infrastructure IPO date from 25th October…
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 Although the outcome of the US election 2024 may not immediately cause a knee-jerk reaction in the Indian stock market, it is expected to significantly impact Indian investors in multiple ways. As a major economic and military power, the United States policies and strategies could significantly impact India, especially in defence, trade,…
Source: Live Mint Stock market today: A sharp selloff hit the Indian stock market on Tuesday, October 22, pulling down the benchmark indices, Sensex and Nifty 50, by more than 1% each. The Sensex ended the day down by 931 points, or 1.15%, closing at 80,220.72, while the Nifty 50 dropped 309 points, or 1.25%,…
Source: Live Mint With major equity markets near their all-time highs and gold shining equally brightly, investors face a dilemma: Should they ride the wave or prepare for a potential downturn? With growing uncertainties and stretched valuations, are risks overwhelming opportunities? Central banks worldwide are walking a tightrope between managing inflation and supporting economic growth,…
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a muted note and remain volatile on Tuesday amid cautiousness over weak global market cues. Asian markets traded lower, while the US stock market ended mixed overnight, weighed down by rising Treasury yields. Markets are…
Source: Live Mint Amber Enterprises’ shares soared 20 per cent on Monday, reaching a new high of ₹6,484.25 during intra-day trading on the BSE, ahead of the company’s Q2FY25 results scheduled for release on Tuesday, October 22. The household appliances stock has significantly outperformed the market, soaring 41 per cent in just one month, compared…
Source: Live Mint Expert view: Sahil Shah, Managing Director (MD) and Chief Investment Officer (CIO), Equirus, believes one or two quarters of earnings misses or external events could disrupt the Indian stock market in the short term. However, corporate earnings in the broader market can double over the next four to five years, with small-cap…
