Page 825 - Markets News
India to launch coal exchange soon: Coal minister G Kishan Reddy
"Last week we took a briefing on setting up coal exchange," Minister added but didn't disclose the exact timing on when the exchange will come up
 "India to launch coal exchange soon: Coal minister G Kishan Reddy")
Market Close Highlights, Oct 21: Sensex, Nifty end in red after choppy session; HDFC Bank gains 2.6%
Stock Market Close Highlights, Oct 21: The BSE Sensex fell 73 points to end at 81,151; the Nifty50 shut shop below 24,800; the BSE MidCap and SmallCap indices fell up to 1.6 per cent
 "Market Close Highlights, Oct 21: Sensex, Nifty end in red after choppy session; HDFC Bank gains 2.6%")
MCX hits new peak on healthy Q2 results; stock zooms 406% in 17 months
MCX share price has more-than-doubled or soared 129 per cent from its June-month low of Rs 2,917.
 "MCX hits new peak on healthy Q2 results; stock zooms 406% in 17 months")
UltraTech Cement shares slip as Q2 net profit plunges 36% to Rs 820 crore
UltraTech Cement's consolidated net profit for the quarter stood at Rs 820.04 crore, down 36.01 per cent from Rs 1,281.45 crore in the year-ago period
 "UltraTech Cement shares slip as Q2 net profit plunges 36% to Rs 820 crore")
TD Power up 4% on inking deal to supply traction motors to European markets
TD Power received an initial order worth Rs 18 crore for which the delivery scheduled in April
 "TD Power up 4% on inking deal to supply traction motors to European markets")
MRPL stock slumps 5% after co disappoints investors with weak Q2 show
Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) dipped as much as 5.52 per cent at Rs 156.45 per share on the BSE in Monday's intraday trade
 "MRPL stock slumps 5% after co disappoints investors with weak Q2 show")
Amber Enterprises soars 14% ahead of Q2 results; zooms 106% in 7 months
Management remains optimistic about growth in components (including mobility, electronics, and non-RAC components), new customer additions as well as exports in the next 3-4 years.
 "Amber Enterprises soars 14% ahead of Q2 results; zooms 106% in 7 months")
Hot India's private credit market faces risks as exuberance grows
Local firms are fueling competition with global giants such Cerberus and Oaktree Capital Management
 "Hot India's private credit market faces risks as exuberance grows")
Mark Mobius' excitement about India speaks volumes: PM Modi
PM Modi highlighted Mark Mobius' longstanding 'love' for India and idea of investing at least 50 per cent in the Indian stock market
 "Mark Mobius' excitement about India speaks volumes: PM Modi")
MRO-Tek Realty gains 5% on acquiring land parcel in North Goa; details here
The surge in MRO-Tek share price came after the company announced that it has secured a land parcel in Candolim, North Goa, marking a major step in its strategic expansion into the real estate sector
 "MRO-Tek Realty gains 5% on acquiring land parcel in North Goa; details here")
Stanley Lifestyles soars 7% after investor Mukul Agrawal buys 1.58% stake
Mukul Agrawal Portfolio: Shares of Stanley Lifestyle surged up to 6.7 per cent at Rs 519.25 per share on the BSE in Monday's intraday deals
 "Stanley Lifestyles soars 7% after investor Mukul Agrawal buys 1.58% stake")
Netweb Technologies zooms 10%, hits all-time high on stellar Q2 show
Netweb Technologies shares hit an all time high of Rs 2,949.65 per share on the BSE, climbing 10 per cent in Monday's intraday trade
 "Netweb Technologies zooms 10%, hits all-time high on stellar Q2 show")
This realty stock has surged 50% in 2 weeks; zoomed 107% thus far in CY2024
Ajmera Realty hit a new high of Rs 908, surging 5% after the company's board approved issue of equity shares to investor Mukul Mahavir Agrawal and Authum Investment & Infra on preferential basis.
 "This realty stock has surged 50% in 2 weeks; zoomed 107% thus far in CY2024")
Why IndiaMart stock fell 18% despite nearly 100% jump in Q2 profit? Details
IndiaMart InterMesh' profit after tax for the second quarter stood at Rs 135.13 crore, up 94.7 per cent year-on-year from to Rs 69.4 crore a year ago
 "Why IndiaMart stock fell 18% despite nearly 100% jump in Q2 profit? Details")
GRSE share price up 6% on securing contract worth Rs 491 crore from DRDO
The rise in GRSE share price was fuelled by a Rs 491-crore order win from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence, DRDO, Kochi
 "GRSE share price up 6% on securing contract worth Rs 491 crore from DRDO")
UltraTech shares muted ahead of Q2 results; Revenue to fall, say analysts
Analysts tracking the cement sector say that subdued economic activity in the first quarter is likely to weigh on sector leader UltraTech Cement's numbers, which reports its Q2 results today
 "UltraTech shares muted ahead of Q2 results; Revenue to fall, say analysts")
What sparked 6% jump in UCO Bank share price on October 21?
UCO Bank shares jumped after the company reported healthy Q2FY25 results. The bank's net profit jumped 50 per cent year-on-year (Y-o-Y) to Rs 602.7 cr in Q2FY25, from Rs 401.7 crore in Q2FY24
 "What sparked 6% jump in UCO Bank share price on October 21?")
Oberoi Realty stock gains 4% as Q2 operating profit jumps 27.5% YoY
The company's profit climbed 28 per cent year-on-year (Y-o-Y) to Rs 589.4 crore in Q2FY25, from Rs 456.8 crore in Q2FY24.
 "Oberoi Realty stock gains 4% as Q2 operating profit jumps 27.5% YoY")
JM Fin hits 52-wk high as RBI lifts restriction from unit to disburse loans
JM Financial's subsidiary, JM Financial Products can now again offer loans against shares and debentures, according to a brief statement from the financial services group
 "JM Fin hits 52-wk high as RBI lifts restriction from unit to disburse loans")
Global investors pull money out of Indian sovereign bonds for second week
Global funds last week sold Rs 870 crore ($104 million) of the so-called Fully Accessible Route bonds