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.
Expect US dollar to go higher, but India remains a very appealing story: Alessia Berardi
Alessia Berardi of Amundi Investment Institute highlights the 2023 outlook’s focus on dynamic asset allocation amid economic anomalies, favoring assets like equity and emerging market bonds. Emphasizing India’s resilience and growth potential, she sees it as an appealing investment. US policy shifts and their impacts on global markets, including a continued strong dollar, also play a crucial role.
Death Crossovers: These 4 stocks signal further bearishness on January 23
These stocks’ 50-day SMA crossed below their 200-day SMAs on December 20.
Landmark Immigration IPO listing today. Check GMP ahead of debut
Landmark Immigration Consultants’ IPO saw strong demand, with the stock listing at a 15% premium. Funds raised will be used for expansion, advertising, and growth initiatives. The company’s services focus on education and immigration consultancy, with revenue highly dependent on visa regulations.
HDFC Bank shares in focus post Q3 earnings. Should you buy, sell, or hold?
HDFC Bank’s shares are in focus after the lender posted a 2.2% YoY growth in net profit for Q3FY25, reaching Rs 16,736 crore, which fell short of Street estimates. The bank’s net revenue grew by 6.3%. Analysts recommend a ‘Buy’ rating due to strong asset quality and improvements in deposit market share.
Time for investors to reevaluate risk and raise cash levels: Dipan Mehta
I think we did not discuss domestic investors’ behaviour. And this is the first real challenge for the investors who entered post COVID. If this corrective phase lasts for a month or so, I do not think from 2020 onwards, we have seen multi-month negative returns, I mean, I can go back and check that point, that is one aspect. Also, yesterday, we had the DIIs buying significantly lower value than the FII, is that a trend, second point.
PI Industries shares 0.5% as Sensex rises
A total of 574 shares changed hands on the counter till 10:45AM (IST)
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex was up 287.21 points at 76125.57