10:17 AM
Indian stock market outlook: Emkay Global says buy correction for long-term
“India has a fortress balance sheet which is bullet-proof on all fronts—public finance, external account, banking system and corporate leverage. This keeps India’s growth story (macro and earnings) more durable and limits the second-order impact,” Seshadri Sen, head of research and strategist at Emkay Global Financial Services said in his ‘India Strategy’ report. READ MORE
10:03 AM
OLA IPO Listing :: Ola Electric share price debut flat vs issue price of Rs 76
>> Shares listed at Rs 75,99 per share on BSE
>> Shares listed at Rs 76 on NSE
9:43 AM
Should you buy or sell RVNL post Q1 results; here’s what chart suggests
RVNL is engaged in the business of executing all types of railway projects including new lines, doubling of rail lines, railway electrification, metro projects and construction of cable-stayed bridges etc. READ MORE
9:33 AM
Eicher Motors zooms 4% on strong Q1 show
The company’s Q1 profit saw an increase of 19.9 per cent Y-o-Y to Rs 1,101.5 crore from Rs 918.3 crore. Revenue grew 10.2 per cent to Rs 4,393 crore, up from Rs 3,986.4 crore. Ebitda rose 14.2 per cent to Rs 1,165.4 crore with an expanded margin of 26.5 per cent, compared to 25.6 per cent previously.
9:31 AM
Oil India gains nearly 3% after Q1 results
For Q1, Oil India saw a profit decline of 9.1 per cent Y-o-Y to Rs 1,466.8 crore from Rs 1,613.4 crore. However, revenue, excluding excise duty, grew 17.7 per cent to Rs 5,331.9 crore.
9:28 AM
Biocon slips 1% on weak operational earnings in Q1
The company reported a 550.6 per cent increase in profit to Rs 659.7 crore in Q1FY25, up from Rs 101.4 crore in Q1FY24. Revenue rose marginally 0.3 per cent to Rs 3,432.9 crore, with other income increasing to Rs 1,134.5 crore.
9:26 AM
LIC share price up over 1% after Q1 results
In Q1FY25, new business premiums surged 26.96 per cent to Rs 58,470 crore, up from Rs 46,052 crore (Q1FY24). The total annual premium equivalent (APE) increased by 21.3 per cent to Rs 11,560 crore. The net value of new business (VNB) grew 23.65 per cent to Rs 1,610 crore. Net profit climbed 9.6 per cent to Rs 10,461 crore.
