Page 370 - Markets
IndiaMart Q2 result: Consolidated net profit at Rs 69.4 cr, revenue up 23%
The revenue from operations for Q2FY24 came in at Rs 296.96 crore, compared to Rs 240.66 crore year-on-year (y-o-y), registering a rise of 23.39 per cent
 "IndiaMart Q2 result: Consolidated net profit at Rs 69.4 cr, revenue up 23%")
Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050
Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today
 "Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050")
Sensex up 635 pts, Nifty near 19,050: Reasons behind market rally on Friday
Stock market highlights: JP Morgan, on Friday, upgraded India to 'Overweight' from 'Neutral' and recommended investors to use the near-term correction as an opportunity to add
 "Sensex up 635 pts, Nifty near 19,050: Reasons behind market rally on Friday")
Stocks to Watch today: RIL, Voda Idea, SBI, Adani, TTML, Jaiprakash Power
Stocks to Watch on Friday, October 27, 2023: Tata Sons, the holding company of the Tata group, will have to infuse an additional Rs 2,055 crore in its loss-making subsidiary Tata Teleservices
 "Stocks to Watch today: RIL, Voda Idea, SBI, Adani, TTML, Jaiprakash Power")
ACC Ltd Q2FY24 result: Consolidated net profit at Rs 387 cr; revenue up 11%
The total income for Q2FY24 came in at Rs 4,644.78 crore, compared to Rs 4,057.08 crore year-on-year, registering a rise of 14.48 per cent
 "ACC Ltd Q2FY24 result: Consolidated net profit at Rs 387 cr; revenue up 11%")
Canara Bank Q2FY24 result: Net profit jumps 42% to Rs 3606 cr; NPA down 27%
The net interest income (NII) for Q2FY24 came in at Rs 26,837.68 crore, compared to Rs 20,106.92 crore year-on-year
 "Canara Bank Q2FY24 result: Net profit jumps 42% to Rs 3606 cr; NPA down 27%")
J&K Bank Q2FY24 result: Net profit jumps 56% to Rs 381 cr; GNPA down 25%
The net NPA for Q2FY24 came in at Rs 917.36 crore, as compared to Rs 1,566.77 crore year-on-year
 "J&K Bank Q2FY24 result: Net profit jumps 56% to Rs 381 cr; GNPA down 25%")
Sensex plunges 901 pts, Nifty nears 18,850 as sell-off enters 6th day
Closing Bell on October 26, 2023: In the broader market, the BSE MidCap index shed 0.94 per cent, and the BSE SmallCap index fell 0.19 per cent
 "Sensex plunges 901 pts, Nifty nears 18,850 as sell-off enters 6th day")
Asian Paints Q2 result: Consolidated profit jumps 53% YoY to Rs 1,232 cr
The company announced an interim dividend of Rs 5.15 per share
 "Asian Paints Q2 result: Consolidated profit jumps 53% YoY to Rs 1,232 cr")
Maruti Q2 preview: Focus on SUVs, lower costs to aid margins, say analysts
Maruti Suzuki India Q2 preview: At the bottomline level, analysts expect the company's standalone net profit to rise up to 66 per cent year-on-year
 "Maruti Q2 preview: Focus on SUVs, lower costs to aid margins, say analysts")
IRM Energy makes weak debut, lists at 5% discount against issue price
Shares of IRM Energy listed at Rs 477, a 5 per cent discount against its issue price of Rs 505 per share on the National Stock Exchange
 "IRM Energy makes weak debut, lists at 5% discount against issue price")
Tech M hits over 2-month low on disappointing Q2 results; analysts bearish
ICICI Securities believes key will be how new CEO (from December, 2023) pivots the business to more diversified from current Communication heavy construct ahead
 "Tech M hits over 2-month low on disappointing Q2 results; analysts bearish")
Stocks to Watch today: Tech M, IRM Energy, RIL, Sonata Software, ACC, PNB
Stocks to watch on Thursday, October 26: The consolidated net profit of Tech Mahindra for Q2FY24 fell 61.10 per cent YoY to Rs 505.30 crore -- the biggest drop in 16 years
 "Stocks to Watch today: Tech M, IRM Energy, RIL, Sonata Software, ACC, PNB")
Jubilant Foodworks Q2FY24 result: Net profit at Rs 97 cr YoY; revenue up 5%
The revenue from operations for Q2FY24 came in at Rs 1,368.6 crore, compared to Rs 1,301.5 crore year-on-year
 "Jubilant Foodworks Q2FY24 result: Net profit at Rs 97 cr YoY; revenue up 5%")
Axis Bank Q2FY24 result: Net profit up 10% at Rs 5,864 crore, NII up 19%
Axis Bank's gross non-performing assets (NPAs) stood at 1.73% as compared to 1.96% in the previous quarter
 "Axis Bank Q2FY24 result: Net profit up 10% at Rs 5,864 crore, NII up 19%")
Moody's quarterly profit beats market estimates on robust research demand
The New York-based company saw robust demand for its data and insights, including CreditView, its flagship credit research product
 "Moody's quarterly profit beats market estimates on robust research demand")
Hilton's revenue rises by 12%, beat estimates on record lodging prices
The U.S. hospitality industry in recent months has benefited from pricier rates and a strong rebound in international travel as consumers take advantage of a strong dollar
 "Hilton's revenue rises by 12%, beat estimates on record lodging prices")
Markets fall for 5th day; Sensex sheds 523 pts, Nifty ends near 19,100
Closing Bell on October 25, 2023: In the broader market, the BSE MidCap index slipped 0.52 per cent and the BSE SmallCap 0.77 per cent as against the frontline indices' 0.8 per cent decline
 "Markets fall for 5th day; Sensex sheds 523 pts, Nifty ends near 19,100")
Wonderla soars 10% as Chennai project gets TN government's clearance
The grand vision for this project involves an investment of approximately Rs 400 crore, spanning across 62-acre expanse in Illalur village
 "Wonderla soars 10% as Chennai project gets TN government's clearance")
Mahindra Logistics slips 6%, hits 52-week low on disappointing Q2 results
The management expects to report better performance in Q3 due to positive demand uptick in festive season, accelerating margins due to synergies with the acquired B2B business and cost reduction
 "Mahindra Logistics slips 6%, hits 52-week low on disappointing Q2 results")