Cyient’s shares fell 22.8% on Friday reacting to the resignation of the IT company’s chief executive Karthikeyan Natarajan and the adjustment of the company’s revenue and growth expectations following the third-quarter earnings. Still, with the top executive’s departure potentially out in the field, Cyient’s near-term outlook has emerged as worrisome and analysts do not dismiss … Read more
In a significant development for the Indian cement industry, UltraTech Cement Ltd. has successfully completed its open offer for India Cements, which was oversubscribed by 110%. This open offer, priced at ₹390 per share, was open from January 8 to January 21, 2025, and marks a critical step in UltraTech’s strategy to consolidate its position … Read more
Apple Inc.’s stock has been battered so far this year and is now approaching a retracement level that may culminate in further selling pressure. It remains the worst off among Wall Street’s envious ‘Magnificent Seven’ group so far in 2025 and down by nearly 11 percent through Thursday’s close. Apple has lagged the S&P 500 … Read more
ICICI Bank, India’s second-largest private sector bank, is announcing its third-quarter earnings today. It will be endorsed by the board of directors today, 25th January, with the third quarter results of FY25. Net interest income (NII) in the fiscal third quarter ending December ’24 is estimated to ‘jump’ but a slight increase in the net … Read more
The results that YES Bank is set to reveal for the quarter ended December 2015 might bring back the memories of the second quarter or Q2 numbers, which were characterized by a splendid YoW increase in profit, or the third quarter or Q3 results could be like Q2 performance. However, QoQ earnings may stay more … Read more
KFin Technologies’ share price surged almost 13 percent in intraday trade on BSE on Friday, January 24, a day after the company reported its December quarter results. KFin Technologies share price opened at ₹1,144.80 against its previous close of ₹1,104.80 and surged 12.7 per cent to the level of ₹1,245.45. The stock, however, pared gains … Read more
On January 24, 2025, shares of One97 Communications, the parent company of Paytm, experienced a significant decline of approximately 9%, hitting an intraday low of ₹773.05 on the National Stock Exchange (NSE). Besides Paytm, the Enforcement Directorate (ED) is also investigating Razorpay, PayU, Easebuzz, and five other payment gateways. The ED has frozen approximately Rs … Read more
EMA Partners India’s share price made a strong debut, listing at a 26% premium at ₹156.50 on the NSE SME on Friday, January 24. However, EMA Partners India’s share price declined by 5% post-listing to ₹148.70 levels, which is its lower price band. EMA Partners Listing Expectations EMA Partners India’s IPO subscription status and the … Read more
UltraTech Cement Ltd on Thursday reported a 17.30 percent drop, year-on-year (YoY), in its consolidated net profit for the December 2024 quarter (Q3 FY25). During the quarter under review, profit came at Rs 1,469.50 crore as against Rs 1,776.98 crore in the year-ago period. Revenue from operations, however, rose 2.70 percent to Rs 17,193.33 crore … Read more
On January 24, 2025, shares of Cyient Ltd. experienced a dramatic decline of approximately 19% after the company announced the resignation of its CEO, Karthikeyan Natarajan, and a downward revision of its revenue guidance for the fiscal year 2025. Karthikeyan Natarajan has decided to step down as Executive Director and Chief Executive Officer of Cyient … Read more