On February 1, 2025, Finance Minister Nirmala Sitharaman announced a significant policy change during her Budget speech, raising the Foreign Direct Investment (FDI) limit in the Indian insurance sector from 74% to a full 100%. This move is aimed at attracting more foreign capital into the insurance market, which has historically been underpenetrated compared to … Read more
UPL Ltd., a leading global agrochemicals manufacturer, has experienced a notable surge in its share price following the announcement of its third-quarter (Q3) results for the financial year 2024-25. The company reported a net profit of ₹828 crore, a significant turnaround from a net loss of ₹1,217 crore in the same quarter the previous year. … Read more
Bharat Electronics Ltd fell as much as 5.5 percent, HAL by up to 6.7 percent, and BHEL by 7 percent on Monday as the Indian defense industry was down after the Union Budget for FY26. The government announced the defense budget for the next year at Rs 4.92 lakh crore, which was a disappointment to … Read more
On Monday, there can be more focus on the share of GR Infraprojects as the company had an 8 percent-year-on-year (YoY) growth in the net profit, the net profit touching Rs 262 crore in the third quarter ending December 31, 2024. In the same quarter for the previous fiscal, the overall net profit of the … Read more
The recent announcement of the Railway Budget for 2025 has led to a notable decline in the shares of several railway-related companies, including Rail Vikas Nigam Limited (RVNL), Jupiter Wagons, and Ircon International. Most expected the railway capex to be increased by double digits, but disappointingly, the government has allocated Rs 2.5 lakh crore for … Read more
In the last quarter of the financial year 2021, it was reported that the net profit of Bandhan Bank is at a low of 426 crore, which is a 42 percent drop in the fiscal year 2024-25. ‘It was the stock that reached its conclusion to trade higher before the results of the Friday’s trading … Read more
India’s largest drug maker Sun Pharmaceutical Industries, posted a 15 percent year-on-year (Y-o-Y) growth in its consolidated net profit at Rs 2,903.3 crore for the third quarter of the current financial year (Q3FY25), while revenue from operations grew by 10.5 percent to Rs 13,675.4 crore. The increase in net profit can be attributed to strong … Read more
Marico Ltd on Friday reported 4% year-on-year (YoY) growth in its consolidated net profit at Rs 399 crore in the third quarter. The same stood at Rs 383 crore in the last year period. Revenue from operations in the same period increased 15% YoY to Rs 2,794 crore. EBITDA for the third quarter rose 4% … Read more
Waaree Energies Ltd on January 30 reported a four-fold jump in net profit at Rs 492.7 crore in the quarter ended December 31 of the current financial year, compared to Rs 124.5 crore in the same period of the previous financial year, the company said in an exchange filing. The company’s net profit stood at … Read more
Jindal Steel & Power Ltd (JSPL) shares dropped nearly 14% to Rs 724 in Friday’s intraday trade on the BSE, following a 51% year-on-year decline in its consolidated net profit to Rs 951 crore for the December quarter. Gross revenues for the quarter remained flat at Rs 13,707 crore. The steelmaker’s profit halved due to … Read more