Strong deal momentum to keep Street hooked on to Persistent
ET Intelligence Group: The stock of Persistent Systems, a mid-tier IT services company, has gained 10% since its second-quarter result announcement last Tuesday, taking the three-month return to 20%. The stock has remained buoyant following the company’s strong business momentum in the September quarter, even as the broader market has shown weakness. The key business…
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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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Stock to Watch: Bajaj Auto shares in focus ahead of Q2FY25 earnings. Here’s what to expect
Shares of two-wheeler major Bajaj Auto are expected to remain in focus ahead of the company’s Q2FY25 earnings due to be announced later today. The company which is synonymous with brands like Pulsar, Avenger and Chetak is likely to report a 24%-29% year-on-year growth in its September quarter revenue led by a robust uptick in…
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Angel One shares surge nearly 9% after co reported 39% YoY jump in Q2 PAT
Shares of Angel One jumped 8.6% to their dayβs high of Rs 2,956.60 on the BSE after the company on Tuesday reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25,…
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Tata Elxsi shares jump 3% after Q2 PAT rises 14% YoY to Rs 229 crore
Tata Elxsi shares rose 2.8% on Friday to day’s high of Rs 7,980.30 on BSE after the company reported a 14% growth in its consolidated net profit, reaching Rs 229 crore for the second quarter, compared with Rs 200 crore in the same quarter last year. Its revenue from operations during the same period increased…
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Stock to watch: Adani Wilmar shares in focus as company reports 16% YoY revenue growth in Q2
Shares of Adani Wilmar are likely to remain in focus on Monday as the company posted a double-digit revenue growth of 16% year-on-year in Q2FY25 driven by strong execution in both edible oils and food business. The company informed exchanges about the development in its quarterly updates on Friday after market hours. Adani Wilmar said…
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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 dayβs 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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Marico shares surge over 2% on posting high single digit revenue growth in Q2
Shares of Marico jumped 2.4% to its dayβs high of Rs 710 on the BSE following its second-quarter update, where it said the domestic business posted mid-single digit volume growth, exhibiting improvement on a sequential basis. Amid the negative market sentiment, the stock went up and is currently inching towards its all-time high of Rs…
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Tolins Tyres shares list at nearly 1% premium over IPO price
The shares of Tolins Tyres debuted at the bourses on Monday with a premium of 0.44%. The stock listed at Rs 227 on BSE as against an issue price of Rs 226. Meanwhile, the stock listed at Rs 228, up 0.88% or Rs 2 on NSE. Ahead of the public issue, Tolins Tyres has secured…
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Kross Ltd shares debut with 0.5% discount over issue price on BSE
The shares of Kross debuted on the exchanges on Monday with a discount of 0.42%. The stock listed at Rs 239 on BSE as against an issue price of Rs 240 per share. Meanwhile, on NSE the stock traded at par with issue price of Rs 240. Ahead of the listing, the company’s shares traded…
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