Nuvama Wealth Management on Thursday reported a 41 per cent growth in net profit to Rs 255 crore for the fourth quarter ended March 2025. The wealth management firm earned a profit after tax of Rs 181 crore in the March quarter of 2023-24. Its total income rose to Rs 1,125 crore during the March quarter from Rs 929 crore in the corresponding quarter of FY24. For the full 2024-25 fiscal, Nuvama Wealth reported a 58 per cent growth in net profit to Rs 985 crore. In FY24, it had a profit of Rs 625 crore. Nuvama Group MD & CEO Ashish Kehair said in the Wealth Management business, the company saw strong momentum in net flows. "We continued to invest substantially for growth, we added sales capacity and expanded our geographical reach, including offshore. We further strengthened our digital infrastructure, including integration of AI tools to serve our clients better," Kehair said. The company's board has announced an interim dividend of Rs 69 per equity share of the face value of Rs 1
Drug firm Wockhardt on Thursday reported a consolidated net loss of Rs 45 crore in the fourth quarter ended March 31, 2025. The drug maker had reported a net loss of Rs 177 crore in the January-March quarter of FY24. Revenue from operations rose to Rs 743 crore in the fourth quarter as compared to Rs 700 crore in the year-ago period, Wockhardt said in a regulatory filing. For FY25, the company said its net loss stood at Rs 57 crore as compared to Rs 472 crore in the year-ago period. Revenue increased to Rs 3,012 crore as compared to Rs 2,798 crore in 2023-24 fiscal. Shares of the company closed at Rs 1,347.75 apiece, 0.63 per cent higher from previous close, on the BSE.
Stock market highlights on Wednesday, May 28, 2025: the Nifty Midcap100 ended lower by marginally 0.02 per cent, while the Nifty Smallcap100, on the other hand, ended with a gain of 0.33 per cent
ITC shares dropped 4.13 per cent to ₹413 (adjusted for dividend) in Wednesday's intraday trade on the NSE following a large block deal.
Triveni Engineering share price rose on the back of a healthy March quarter of financial year 2025 (Q4FY25) results.
HBL Engineering share price rose after the company announced that it has secured an order worth ₹101.55 crore from IRCON International.
KEC reported a consolidated revenue of ₹6,870 crore in Q4FY25, up 11.5 per cent year-on-year (Y-o-Y), but marginally below Street estimates.
Shriram Properties shares were buzzing in trade on the back of a strong March quarter of financial year 2025 (Q4FY25) performance.
The uptick in Radico Khaitan shares came after domestic brokerage Motilal Oswal Financial Services Limited (MOFSL) initiated coverage on the stock with a 'Buy' rating.
India Pesticides share price rose on the back of stellar March quarter of financial year 2025 (Q4FY25) results.
Sumitomo Chemical India shares were under pressure due to weak March quarter of financial year 2025 (Q4FY25) results.
Bajaj Healthcare share price dropped today on the back of weak operational performance in the March quarter of FY25 (Q4FY25).
Bayer CropScience shares gained following the release of strong financial results for the March quarter of FY25 (Q4FY25).
KEC International share price rose on the back of a healthy March quarter of financial year 2025 (Q4FY25) results.
RateGain Travel share price rose on the back of robust March quarter of financial year 2025 (Q4FY25) results.
Patel Engineering share rose after announcing that it, along with its joint venture (JV) partner, has secured a deal of ₹958.33 crore from the Maharashtra Krishna Valley Development Corporation, Pune
GE Vernova T&D India share price climbed after the company posted strong results in the March quarter of financial year 2025 (Q4FY25).
Biocon share rose after arm, Biocon Biologics, was granted market authorisation in the UK for Yesintek, a biosimilar of Ustekinumab, from the Medicines and Healthcare products Regulatory Agency (MHRA)
Stock market weekly outlook: Technical charts indicate that the bias for the Sensex and Nifty is likely to remain positive as long as the indices sustain above 80,250 and 24,380, respectively.
Reliance Power share price was buzzing trade today amid heavy volumes.