Certus Capital invests Rs 150 cr across 2 residential projects in Mumbai Region
MUMBAI: Institutional real estate investment firm Certus Capital has invested Rs 150 crore across two mid-market real estate projects in Mumbai Metropolitan Region (MMR) of real estate developers JSB Group and Dynamix Group.These mid-income housing projects near Mumbai international airport and extended western suburb of Vasai have an aggregate development of 385,000 sq ft and…
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Ambuja Cements shares in focus ahead of Q2 earnings today. Here’s what to expect
Adani Group-owned Ambuja Cements’ shares will be in focus on Monday as the company will announce its September quarter earnings later today. The cement maker is expected to report a 43%-61% year-on-year fall in its September quarter profit on lower realisations, according to estimates of a couple of brokerages. Meanwhile, revenue could see a flat…
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ACC shares in focus ahead of Q2FY25 earnings. Here’s what to expect from this Adani Group company
Shares of Adani Group owned ACC Limited are expected to be in focus on Thursday ahead of the company’s Q2FY25 earnings announcement. The cement maker could report an year-on-year and sequential loss in its revenue and net profit figures, according to estimates by a couple of brokerages. Sharekhan has estimated ACC’s net sales figures at…
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Tech Mahindra shares jump 4% after Q2 PAT jumps 153%. Here’s what brokerages say
Shares of IT company Tech Mahindra today surged 4% in an intraday session to their new 52-week high of Rs 1,761.30 after the company on Saturday reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On…
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Netflix shares jump 10% to hit record high as strong subscriber additions ease growth worries
Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes. The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% and was set…
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Stock to Watch: Wipro shares in focus after co posts 21% YoY jump in Q2 PAT
Shares of Wipro will be in focus on Friday following IT major’s July-September quarter earnings where the company reported a 21% jump in net profit to Rs 3,209 crore for the quarter ended September 2024 versus Rs 2,646 crore logged in the year-ago period. The figure was higher than ET Now poll estimates of Rs…
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DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?
Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan…
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Saraswati Saree shares hit 5% upper circuit post strong listing
The shares of Saraswati Saree Depot hit a 5% upper circuit at Rs 209.95 on BSE following their strong debut on the exchanges on Tuesday. The stock debuted at Rs 200 on BSE, reflecting a premium of Rs 40 or 25% over the IPO price of Rs 160. On the NSE, it was listed at…
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Madhabi Puri Buch earned revenue in potential rules violation, documents show
The head of India’s markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch’s investigations surrounding the Adani Group due to her previous investments. The…
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Ola Electric shares surge 16% after revenue jumps 32% YoY, motorcycle launch
Shares of electric scooter maker Ola Electric surged 15.8% to a day’s high of Rs 128 on the BSE after the company announced a 32% YoY increase in revenue for the first quarter of FY25, reaching Rs 1,644 crore. The company also launched its electric motorcycle, the Roadster, on August 15. Quarterly results The company…
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