Page 684 - Markets News
Dr Reddy's faces Revlimid cliff, analysts split on future growth prospects
DRL's Q3 performance was viewed as subdued by some analysts when they adjusted it for one-time grants and incomes that the company received during the quarter
 "Dr Reddy's faces Revlimid cliff, analysts split on future growth prospects")
Market regulator Sebi bars Suumaya Industries' promoters for alleged fraud
The promoter members, including Ushik Gala and Ishita Gala, held key positions such as managing director (MD) and chief executive officer (CEO) at different intervals
 "Market regulator Sebi bars Suumaya Industries' promoters for alleged fraud")
SAT upholds Sebi order against SME firm Trafiksol ITS Technologies
Regulator had directed refund of money to IPO investors
 "SAT upholds Sebi order against SME firm Trafiksol ITS Technologies")
United Spirits Q3 results: Net profit increases 36% to Rs 473 crore
Prestige & Above segment accounted for 89.2% of net sales during the quarter, up 1.0 ppts over the prior year. Prestige & above segment net sales increased 16.1% in Q3 FY25
 "United Spirits Q3 results: Net profit increases 36% to Rs 473 crore")
Stock Market Close Highlights: Sensex sheds 330 pts, Nifty ends at 23,092; Smallcap shares bleed
Stock Market Highlights: Small-cap shares felt the most heat among the broader markets, with Nifty Smallcap100 ending lower by 2.35 per cent dragged by Cyient, and Jupiter Wagons
 "Stock Market Close Highlights: Sensex sheds 330 pts, Nifty ends at 23,092; Smallcap shares bleed")
Sobha hits 52-week low; stock tanks 27% thus far in January
Shares of Sobha hit a 52-week low of Rs 1,148.30, down 6% in intra-day trade, falling below its previous low of Rs 1,176.01 touched on March 18, 2024.
 "Sobha hits 52-week low; stock tanks 27% thus far in January")
IPO Calendar: 9 public offerings to keep investors busy next week
Here is the complete list of IPO activities scheduled to take place next week, from Monday, January 27, to Friday, January 31, 2025
 "IPO Calendar: 9 public offerings to keep investors busy next week")
Bajaj Housing, Waaree Energies, Mobikwik among 18 IPOs trading at new lows
Thus far in the month of January 2025, the BSE IPO index has tanked 11 per cent, as against 2.6 per cent decline in the BSE Senex.
 "Bajaj Housing, Waaree Energies, Mobikwik among 18 IPOs trading at new lows")
Dividend, Bonus issue: Wipro, BPCL, 29 others to trade ex-date next week
Here is the complete list of companies whose shares will trade ex-date next week, along with their key corporate announcements as per data available on the BSE
 "Dividend, Bonus issue: Wipro, BPCL, 29 others to trade ex-date next week")
Adani Power down 2% as Sri Lanka revokes power purchase pact with Group
Adani Power shares fell after reports suggested that Sri Lanka has cancelled a power purchase agreement with the Adani Group amid corruption allegations from the US
 "Adani Power down 2% as Sri Lanka revokes power purchase pact with Group")
Hindustan Zinc shares up 13% in two weeks, rally likely to continue
Company's cost-saving measures and debt reduction expected to boost company's margin
 "Hindustan Zinc shares up 13% in two weeks, rally likely to continue")
Paytm recovers 6% from day's lows after Co denies ED freeze on accounts
The HPZ Token scam scam, allegedly operated by 10 Chinese nationals, involved the collection of over Rs 2,200 crore from investors across 20 states
 "Paytm recovers 6% from day's lows after Co denies ED freeze on accounts")
Sona BLW Precision shares slide 6% in trade; here's what's dragging stock
The revenue of the company for the quarter under review stood at Rs 868 crore as compared to Rs 782 crore a year ago which implies a rise of 11 per cent year-on-year (Y-o-Y)
 "Sona BLW Precision shares slide 6% in trade; here's what's dragging stock")
Nippon Life AMC shares slide 5% after profit drops 18% in Q3 results
Nippon Life India Asset Management share slipped 5.38 per cent at Rs 618.70 a piece on the BSE in Friday's intraday trade
 "Nippon Life AMC shares slide 5% after profit drops 18% in Q3 results")
Here's why Exicom Tele-Systems was locked in 5% upper circuit on Jan 24
The rise in Exicom Tele-Systems share price came after the company announced that it has secured an advance purchase order worth Rs 1,412.48 crore from RVNL
 "Here's why Exicom Tele-Systems was locked in 5% upper circuit on Jan 24")
Eicher Motors rallies 5% in 3 days on healthy outlook; outperforms market
In one month, Eicher Motors has rallied 9%, as compared to 1.4% in the BSE Auto index, while Bajaj Auto, Hero MotoCorp and TVS Motor Company were down in the range of 4% to 6%.
 "Eicher Motors rallies 5% in 3 days on healthy outlook; outperforms market")
V2 Retail shares hit 5% upper circuit after posting 118% rise in profit YoY
V2 Retail released its Q3 results on Thursday, after market hours, which showed that the company's consolidated net profit rose 118 per cent to Rs 685 crore as compared to Rs 314 crore a year ago
 "V2 Retail shares hit 5% upper circuit after posting 118% rise in profit YoY")
KFin Technologies shares zoom 13% in trade; why is the stock in demand?
KFin Technologies released its Q3 results on Thursday, after market hours, which showed that the company's consolidated net profit rose 35 per cent to Rs 90 crore as compared to Rs 67 crore a year ago
 "KFin Technologies shares zoom 13% in trade; why is the stock in demand?")
Suryoday SFB share plummets 7% after sluggish Q3 show; net profits drop 41%
Suryoday Small Finance Bank share slipped 7.44 per cent at Rs125 a piece on the BSE in Friday's intraday trade
 "Suryoday SFB share plummets 7% after sluggish Q3 show; net profits drop 41%")
Momentum Investing: Axis Nifty500 Momentum 50 Index Fund NFO opens today
Axis Mutual Fund launches Nifty500 Momentum 50 Index Fund NFO; here is all you need to know
 "Momentum Investing: Axis Nifty500 Momentum 50 Index Fund NFO opens today")