Shares of Mazda Ltd will be in the spotlight today due to a 1:5 stock split taking effect on January 28, 2025. Investors need to purchase shares by January 27 to be eligible. The split will convert shares from a face value of Rs. 10 to Rs. 2 each, maintaining total holdings value.
Positive Breakout: These 4 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
IDFC First Bank Q3 Results: PAT falls 53% YoY on account of higher provisions
Provisions for the quarter stood at Rs 1,338 crore as compared with Rs 655 crore in the year-ago quarter, driven by the higher slippages in the microfinance book. The bank said provisions were stable for the non-microfinance portfolio.
FIIs maintain aggressive selling spree in Indian market, sell equities worth Rs 66,600 cr in Jan so far
Foreign Institutional Investors (FIIs) have been consistently selling in the Indian equity markets in January, with sales in the cash market reaching Rs 66,602 crore. The primary reasons behind this trend are the strengthening of the dollar and rising US bond yields. The financial sector has been significantly impacted, while the IT sector shows signs of resilience.
Macrotech Developers Q3 profit rises 88% to Rs 944 cr on higher income
Macrotech Developers, operating under the Lodha brand, posted an 88% rise in net profit for Q3 FY25, hitting Rs 944.4 crore due to a surge in housing demand. Their total income increased to Rs 4,146.6 crore. The firm achieved its highest pre-sales of Rs 4,510 crore and recorded robust collections of Rs 4,290 crore.
Wall Street slips with mixed data and earnings ahead of Fed week
The housing market data was hotter than expected, while an S&P Global survey showed business activity slowing to a nine-month low in January as prices rose. However, firms reported increased hiring, supporting the Federal Reserve’s cautious approach to monetary policy this year.
UltraTech’s open offer for India Cements oversubscribed
The ₹390-per-share offer, open from January 8 to 21, was subscribed 110%. It will increase UltraTech’s stake in India Cements to 81.49%. India Cements’ shares closed at ₹295.15 on Friday, marking a nearly 22% gain in a year.
Cyient shares crash 23% on CEO exit, growth concerns
The sell-off in the stock eroded almost a quarter of the company’s market value earlier in the day. It closed at ₹1,355 on Friday.
Dr Reddy’s Labs shares in focus post Q3 results. Should you buy, sell, or hold?
Revenue from operations for the December quarter was Rs 8,359 crore, marking a 16% increase from Rs 7,215 crore in the same quarter of the previous financial year.
Adani Green shares in focus after Q3 PAT jumps 85% YoY to Rs 474 crore
Adani Green Energy shares will be in focus after an 85% YoY rise in December quarter’s net profit to Rs 474 crore. Revenue from operations increased slightly by 2.3%, while sequential profit and topline showed a decline. The company is advancing renewable energy projects and planning to use Battery Energy Storage Systems.