ITC Share price Today: Post Q3, the brokerages maintained their positive stance on ITC stock but most cut target price and EPS estimates given the demerger of hotel business

ITC share price slips 3% after posting Q3 nos; few brokerages cut target after demerger

Business Standard

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Stock Market News today LIVE Updates, February 07: Benchmark equity indices were volatile as RBI Governor announced a 25 bps cut in interest rates to 6.25 per cent, from 6.5 pr cent

Stock Market Today LIVE: Sensex, Nifty decline after RBI repo rate cut of 25bps; FMCG, PSB drag most

Airtel

The company's consolidated profit skyrocketed 505.2 per cent year-on-year (Y-o-Y) to Rs 14,781.2 crore in Q3FY25 versus Rs 2,442.2 crore in the same quarter last year

Bharti Airtel surges 5% as Q3 results beat expectations; brokerages bullish


At 10:30 ST, the barometer index, the S&P BSE Sensex, slipped 203.56 points or 0.25% to 77,864.07. The Nifty 50 index fell 74.90 points or 0.32% to 23,534.50.


Broader mkt underperforms; media shares under pressure

Capital Market Automatic


The Reserve Bank of Indias (RBI) six-member Monetary Policy Committee (MPC) Friday cut the repo rate  the rate at which the RBI lends to other banks  by 25 basis points to 6.25 per cent, after keeping it unchanged for two years. This is the first rate cut initiated by the RBI in five years, the last one being in May 2020. RBI however continues with the neutral monetary policy stance and remain unambiguously focussed on a durable alignment of inflation with the target, while supporting growth. The decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth, the central bank noted. This was the first RBI policy under the new Governor Sanjay Malhotra and also the first RBI MPC meeting after the Union Budget 2025-2026 was presented on February 1.


RBI trims benchmark repo rate by 25 bps to 6.25%

ITC fell 2.07% to Rs 432.25 after the company reported 1.2% rise in net profit to Rs 5,638 crore on a 8.6% increase in net revenue to Rs 17,726 crore in Q3 FY25 as compared with Q3 FY24.

ITC declines after muted Q3 performance

Hero MotoCorp reported 12.1% increase in standalone net profit to Rs 1,202.84 crore in Q3 FY25 as compared with Rs 1,073.38 crore in Q3 FY24.

Hero MotoCorp Q3 PAT climbs 12% YoY to Rs 1,203 cr; declares dividend of Rs 100/sh

Gensol Engineering has further solidified its position as a key driver of India's energy transition by securing a significant EPC contract. The company has been awarded a contract by a renowned public sector undertaking for the development of a 245 MW Solar PV Project at the prestigious Khavda RE Power Park in Gujarat. This contract, valued at approximately Rs 967.98 crore (inclusive of GST), includes three years of comprehensive O&M services. 

Gensol secures 250 MW solar PV project worth Rs 968 cr

Basic materials  stocks were trading in green, with the BSE Commodities index increasing 10.01 points or 0.14% at 7108.02 at 09:47 IST.

Basic materials  stocks edge higher

Metal stocks were trading with gains, with the BSE Metal index increasing 239.14 points or 0.85% at 28475.26 at 09:47 IST.

Metal stocks rise

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Thirumalai Chemicals Ltd News

ITC slips 3% after Q3; few brokerages cut target after hotel biz demerger