Author: Tanya Mishra

Shares of HMA Agro Industries Ltd hit the 10% upper circuit at Rs 45.26 in morning trade on Tuesday, November 12, after the company reported strong financial results for the quarter ended September 2024. The stock opened at Rs 45.10 on the BSE, up nearly 9.5% from Monday’s close of Rs 41.15, and quickly reached its upper price limit as investors reacted positively to the company’s financial performance. HMA Agro reported a 105.7% quarter-on-quarter surge in consolidated revenue to Rs 1,465.86 crore in Q2 from ₹712.6 crore in the preceding quarter. The revenue for the first half of fiscal 2024-25…

Swiggy IPO allotment status will be finalized today, November 11. Investors who applied for the IPO can check the status on the official registrar portal, Link Intime India. The IPO, which opened for subscription on November 6 and closed on November 8, was oversubscribed by 3.59 times, according to BSE data. Qualified institutional buyers (QIBs) saw their allotment oversubscribed by 6.02 times, while retail individual investors (RIIs) subscribed 1.14 times. The non-institutional investors’ quota was 41% subscribed, and the employee allocation saw 1.65 times subscription. Swiggy IPO’s subscription status was 35% on the second day and 12% on the first…

Shares of MapMyIndia’s parent company, C.E. Info Systems, dropped over 8.5% on Monday, November 11, after the company reported an 8.2% year-on-year decline in its consolidated net profit for the quarter ended September 30, 2024. MapmyIndia, which is an Indian technology company that builds digital map data, telematics services, location-based SaaS, and GIS AI technologies, posted a net profit of Rs 30.33 crore in the second quarter, down from Rs 33.06 crore in the same period last year. At 12 noon, MapMyIndia shares closed the day at Rs 1,882.00 on the National Stock Exchange, down 8.6%. The stock has declined…

Indian Hotels Company Ltd. (IHCL) shares climbed over 4% on Friday on the back of a strong Q2 performance for the quarter ending September 30, 2024. However, despite a strong financial result for the second quarter which was driven by revenue growth, better occupancy rates, and strategic moves, brokerages remain cautious on the company due to its recent rally. Strong Q2 Results Drive Momentum After a slower Q1, IHCL reported improvements in Q2FY25, with consolidated net profit surging 232% year-on-year to Rs 554.6 crore. Revenue from operations also saw a 27% increase to Rs 1,826 crore. Moreover, the average room…

SAIL shares plunged 4% in early trading on Friday and reached a low of Rs 115 on the BSE (Bombay Stock Exchange) after it reported weaker-than-expected Q2 FY25 results on Thursday. By 9:45 AM, the stock was down nearly 4% at Rs 117.80. In comparison, the BSE Sensex saw a smaller decline of 0.22%. SAIL’s market capitalization stood at Rs 49,127.45 crore, with a 52-week range between Rs 85.31 and Rs 175.65. Earnings Decline and Revenue Contraction For the quarter ending September 2024, SAIL reported a 31% year-on-year drop in consolidated net profit to Rs 897.15 crore from Rs 1,305.59…

Graphics chipmaker Nvidia on Wednesday surpassed Apple to become the world’s highest-valued company on the back of a strong demand for its chipsets driven by the strong momentum in the AI sector. The semiconductor company, which specializes in high-performance AI chips, reached a market valuation of $3.43 trillion as of Tuesday’s closing and surpassed Apple’s $3.38 trillion market capitalisation. The AI infrastructure demand has pushed the company’s stock price to nearly triple in value in 2024. Its stock price is now up more than 2,700% in the past five years as the company’s revenue has more than doubled in each…

Indian equity markets opened in the red on November 7 a day after a sharp rally in the previous session on Wednesday and ignoring the capital markets boost from Donald Trump’s victory in the US elections. The trajectory of Indian markets on Thursday was in stark contrast to US indexes. To be sure, post-Trump’s victory in the US Presidential elections, Dow Jones surged 3.57% while the Nasdaq ended 3% higher, with both indices reaching record highs on the return of the former US President to the White House. Dalal street was indeed on completely opposite trajectory to Trump’s election victory.…

Apollo Hospitals Enterprise shares jumped more than 6% on Thursday, November 7, to hit a record high of Rs 7,433.65 apiece, on the back of strong earnings for the July-September quarter. At 1:30 AM, Apollo Hospitals shares were trading at Rs 7,395.85 apiece on the NSE. The hospital chain operator reported a 59% increase in its consolidated net profit to Rs 395.70 crore for the quarter ending September 2024. In comparison, the company had reported a net profit of Rs 248.80 crore in the same quarter a year ago. On the other hand, Apollo’s revenue grew by over 15% to…

Donald Trump is leading the US Election results and is on the verge of returning to the White House. He has already secured his place in states like Pennsylvania, North Carolina, and Georgia. Currently holding 267 electoral votes, he stands just 3 behind the required target of 270. Vice President Kamala Harris, on the other hand, has so far secured 240 votes. The projections indicate Trump is leading in all remaining swing states as well, signaling a likely victory. Here’s the list of states that Trump has won so far: With these victories, Trump’s pathway to the presidency appears firmly…

Sagility India Limited’s initial public offering (IPO), which opened on November 5, 2024, is available for bidding through November 7. The company aims to raise Rs 2,106.60 crore through this IPO which only includes an offer for sale (OFS). The healthcare solutions-providing company has set its price band between Rs 28 and Rs 30 per share. Investors can invest in the IPO by buying a minimum lot size of 500 shares. Sagility India IPO Grey Market Premium (GMP) Sagility India shares are trading at a premium of ₹3 in the grey market, signaling a moderate level of interest. Sagility India…