Page 11 - Indian Markets
What led Zomato to slip 5% despite 5x rise in Q2 PAT? CLSA ups target price
Zomato reported a 388 per cent year-on-year rise in second quarter net profit at Rs 176 crore, from Rs 36 crore in the year ago period
 "What led Zomato to slip 5% despite 5x rise in Q2 PAT? CLSA ups target price")
Adani Energy gets Sebi notice for alleged misclassification of shareholding
Adani Energy Solutions also stated that there were no other pending regulatory proceedings against the company except for the two show-cause notices
 "Adani Energy gets Sebi notice for alleged misclassification of shareholding")
Market Close Highlights, Oct 22: Sensex crashes 930 pts, Nifty ends below 24,500; all sectors in red
Stock Market Today: Benchmark India equity indices were likely headed for a flat start with a slightly positive bias as indicated by GIFT Nifty futures at 7:10 AM
 "Market Close Highlights, Oct 22: Sensex crashes 930 pts, Nifty ends below 24,500; all sectors in red")
Explained: Why have 360 One WAM shares plunged 8% in trade today?
360 One WAM 's total expenses increased 39.6 per cent Y-o-Y to Rs 299 crore in Q2 FY25 as compared to Rs 214 crore
 "Explained: Why have 360 One WAM shares plunged 8% in trade today?")
HUL Q2 preview: PAT likely to slip as margins weigh; Revenue to rise 4%
Hindustan Unilever's (HUL) Earnings before interest, tax, depreciation, and amortisation (Ebitda) is likely to remain flat at Rs 3,698.7 crore on an average
 "HUL Q2 preview: PAT likely to slip as margins weigh; Revenue to rise 4%")
Ambuja Cements climbs 2% after planning to buy 46.8% stake in Orient Cement
Ambuja Cements will acquire a 46.8 per cent stake in Orient Cement. The transaction will happen at an equity value of Rs 8,100 crore, or Rs 395.4 per share
 "Ambuja Cements climbs 2% after planning to buy 46.8% stake in Orient Cement")
In the news again, British daily Financial Times eyes Indian market
In its latest coming, FT focuses to get new readers and revenues in India; has a pool of 1.8 million users
 "In the news again, British daily Financial Times eyes Indian market")
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%")
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")
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")
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")
Zomato likely to post robust Q2 nos with 7x increase in PAT, say analysts
In Q2, investors will monitor any change in guidance from Zomato/Blinkit and the 'District' scale-up strategy
 "Zomato likely to post robust Q2 nos with 7x increase in PAT, say analysts")
'UBS underweight in Indian equities vs other EMs': Sunil Tirumalai
Within EMs, UBS prefers markets that have attractive fundamentals and valuations, says Sunil
 "'UBS underweight in Indian equities vs other EMs': Sunil Tirumalai")
On the shoulders of giants: India's wobble, US will, China's reawakening
India faces fork in the road as outflows overshadow growth
 "On the shoulders of giants: India's wobble, US will, China's reawakening")
Street signs: Waaree's blaze of glory, timing is everything and more
Waaree is India's largest manufacturer of solar photovoltaic modules, boasting the largest aggregate installed capacity of 12 gigawatt
 "Street signs: Waaree's blaze of glory, timing is everything and more")
Reliance Infra's shareholders approve fundraise of Rs 6,000 crore
The company's board of directors had approved the fundraise on September 19
 "Reliance Infra's shareholders approve fundraise of Rs 6,000 crore")
Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%
Stock Market Today: Indian stock markets were likely headed for a lower start on Friday, as indicated by GIFT Nifty futures, amid continued heavy selling by FIIs
 "Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%")
Shriram Finance gains as board to mull over stock split, dividend on Oct 25
Shriram Finance has fixed the record date for payment of its interim dividend on Thursday, November 7, 2024
 "Shriram Finance gains as board to mull over stock split, dividend on Oct 25")
Ceat skids 6% after reporting 41% decline in Q2 net profit; Details here
Ceat reported a decline of 41.4 per cent in consolidated net profit, at Rs 121.88 crore for the September quarter, compared to Rs 208 crore, a year ago
 "Ceat skids 6% after reporting 41% decline in Q2 net profit; Details here")
Heavy buying: Record FPI outflows cross $8.5 bn this month, shows data
Previously, record high DII flows for a calendar year were in 2022 when they had pumped in Rs 2.8 trillion, of which Rs 1.86 trillion came from MFs
 "Heavy buying: Record FPI outflows cross $8.5 bn this month, shows data")