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…
READ MORENetflix 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…
READ MOREShares 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…
READ MOREShares 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…
READ MOREThe 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…
READ MOREThe 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…
READ MOREShares 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…
READ MOREThe first quarter earnings are coming to a fag end and as many as 528 companies will announce their quarterly numbers on Monday. Key results to watch out for include that of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas. Apart from the above, companies like AIA Engineering, Endurance Technologies, Nalco, Hindustan Copper, ITI, Natco…
READ MOREET Intelligence Group: Pune-headquartered Brainbees Solutions is a unicorn startup that runs India’s largest multi-channel retailing platform, FirstCry, as a one-stop solution for mothers, babies and kids for shopping, content, community engagement and education (pre-schools). The company is launching a ₹4,193 crore initial public offering (IPO), which includes a fresh issue of ₹1,666 crore and…
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