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
Shares of Netflix (NFLX.O), open new tab soared 13% to an all-time high on Wednesday after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its already sizable advantage over other players. The company also unveiled price hikes on Tuesday in markets including the U.S., … Read more
HDFC Bank Ltd Q3 results came largely in line with analyst estimates, as deposit growth was strong, but advance growth stood tepid, aligning with the bank’s strategy to reduce the CD ratio at an accelerated pace. Profit saw muted growth of 2.2 percent due to a sharp slowdown in loan growth. Analysts said asset quality … Read more
Kabra Jewels sold its shares 90% above its issue price to everyday investors via NSE SME exchanges on Wednesday. The stock opened at Rs 243.2 against the issue price of Rs 128. The IPO – which was entirely a new offer of 31.25 lakh equity that was being floated for the first time – also … Read more
Today, January 23, 2025, marks the much-anticipated debut of Rikhav Securities on the BSE SME platform. Following a successful initial public offering (IPO) that garnered significant interest from investors, market participants are keen to evaluate the stock’s performance and its potential for future growth. The company’s shares were trading with a GMP of Rs 96 … Read more
CPI inflation may decline to 1.2% YoY in January 2025 and, eventually, reach its lowest level of 1.0% YoY in February 2025, according to Standard Chartered 2. The Q3 FY25 results of India’s largest private sector lender, HDFC Bank, are expected to be announced today, Wednesday, 22 January. Through this filing of the exchange, HDFC … Read more
Zomato, a leading food delivery and quick commerce platform in India, has recently faced a significant decline in its stock price, dropping over 10% due to disappointing financial results. Swiggy shares also declined 8%, with Zomato’s disappointing earnings rubbing off on its smaller rival. Zomato has attributed the weaker numbers to the increased investments in … Read more