Page 916 - Markets News
MRF stock price soars 6% after Q1FY25 profit jumps 55% QoQ
The jump in the stock price came after the company's profit zoomed 54.8 per cent quarter-on-quarter (Q-o-Q) to Rs 573.4 crore in the June quarter of FY24, from Rs 370.5 crore in Q4FY24.
 "MRF stock price soars 6% after Q1FY25 profit jumps 55% QoQ")
Alembic Pharma Q1FY25: Profits up 10% YoY at Rs 131 cr; stock slips in red
Shares of Alembic Pharmaceuticals rose 5.38 per cent at Rs 1285.60 per share on the BSE on Thursday ahead of the pharma major's financial performance announcement
 "Alembic Pharma Q1FY25: Profits up 10% YoY at Rs 131 cr; stock slips in red")
FPI buying in Indian IT rises to highest since 2022 in July: NSDL data
Prior to this, the IT sector was divided into software, services and hardware technology
 "FPI buying in Indian IT rises to highest since 2022 in July: NSDL data")
BSE SME index surges 3% on August 8; STAL zooms 20%, CRP Risk 8%
The BSE SME index surged to near about 98,000-mark; 26 stocks hit the upper limit, while 8 stocks registered new life-time highs.
 "BSE SME index surges 3% on August 8; STAL zooms 20%, CRP Risk 8%")
Sanghvi Movers hits 6-month low; stock down 32% in 1 week on weak Q1 show
In Q1FY25, the financial performance of the company was affected on account of reduction in capacity utilization and consequent reduction in the blended average yield.
 "Sanghvi Movers hits 6-month low; stock down 32% in 1 week on weak Q1 show")
Aadhar Housing Finance shares soar 5% on solid Q1 earnings; details here
For Q1FY24, the non banking financial company (NBFC) reported revenue from operations to the tune of Rs 713 crore, a 20.2 per cent increase Y-o-Y from Rs 593 crore in June quarter of FY24
 "Aadhar Housing Finance shares soar 5% on solid Q1 earnings; details here")
Ajmera Realty hits upper circuit on stellar Q1FY25 nos; profit zooms 49%
The uptick in the Ajmera Realty share price came after the company announced its June quarter of financial year 2025 (Q1FY25) results.
 "Ajmera Realty hits upper circuit on stellar Q1FY25 nos; profit zooms 49%")
Pidilite Industries shares up 4%, hit 52-week high on strong Q1FY25 results
The northward move in the company's share is attributed to its strong financial results for the first quarter of FY25, reported on Wednesday, August 7, 2024
 "Pidilite Industries shares up 4%, hit 52-week high on strong Q1FY25 results")
BSE stock jumps 11% post robust June quarter earnings; check details here
Shares of Bombay Stock Exchange (BSE) rose 10.77 per cent, at Rs 2,940 per share on the NSE in Thursday's intraday deals
 "BSE stock jumps 11% post robust June quarter earnings; check details here")
This smallcap stock has rallied 42% in 3 days; zoomed 106% since April
Symphony hit an over six-year high at Rs 1,748, as it rallied 17% in intra-day trade, extending its previous two-day surge after the company announced buyback at Rs 2,500 per share.
 "This smallcap stock has rallied 42% in 3 days; zoomed 106% since April")
Explained: RBI focus on food inflation, what MPC policy means for markets?
Why stock market, Sensex, Nifty fell after RBI policy: RBI governor Shaktikanta Das emphasised on food inflation and said food prices have remained elevated for too long
 "Explained: RBI focus on food inflation, what MPC policy means for markets?")
Rate sensitive shares trade mixed as RBI keeps repo rate unchanged at 6.5%
At 11:07 AM, the Nifty Bank, Nifty Auto, Nifty Realty, and Nifty Financial indices were trading less than 0.30 per cent lower each, as compared to a 0.50-per cent decline in the Nifty 50 index
 "Rate sensitive shares trade mixed as RBI keeps repo rate unchanged at 6.5%")
Godrej Consumer falls 5% as Q1 nos miss estimates; forays into pet care mkt
The fall in the stock price came after the company's June quarter (Q1FY25) numbers missed the street estimates.
 "Godrej Consumer falls 5% as Q1 nos miss estimates; forays into pet care mkt")
Alternative investments becoming more attractive to retail customers: RBI
Alternative investment avenues are becoming more attractive to retail customers, the Reserve Bank of India (RBI) said while unveiling the monetary policy on Thursday, August 08
 "Alternative investments becoming more attractive to retail customers: RBI")
Here's why Abbott India stock price surged 5% on August 8; details here
The uptick in the pharma company's stock price came after it posted a healthy set of numbers in the June quarter of financial year 2025 (Q1FY25).
 "Here's why Abbott India stock price surged 5% on August 8; details here")
Tata Motors stock rises post Moody's ratings upgrade, positive outlook
Moody's said Tata Motor's two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt.
 "Tata Motors stock rises post Moody's ratings upgrade, positive outlook")
PSU Banks in focus: BoB, UBI among 5 stocks trading at key support levels
Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.
 "PSU Banks in focus: BoB, UBI among 5 stocks trading at key support levels")
TVS Supply Chain Solutions shares gains 3% on securing contract from JCB
CB has been one of TVS SCS's first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana for parts distribution
 "TVS Supply Chain Solutions shares gains 3% on securing contract from JCB")
KPI Green locked in 5% upper circuit on strong Q1; profit nearly doubles
KPI Green also declared its first interim dividend of Rs 0.20 per share for FY25.
 "KPI Green locked in 5% upper circuit on strong Q1; profit nearly doubles")
BASF extends rally, gains 32% in 2 days; stock hits new record high post Q1
The company's profit rose 36 per cent year-on-year (Y-o-Y) to Rs 22.1 crore in Q1FY25, from Rs 16.1 crore in the same quarter last year (Q1FY24).
 "BASF extends rally, gains 32% in 2 days; stock hits new record high post Q1")