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Mamaearth shares jump 10% on strong Q3 earnings

Updated at : 2024-02-12 12:15:03

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Consolidated EBITDA for the quarter jumped 192% YoY at Rs 34.5 crore in the reporting quarter, margins improved 397 basis points YoY to 7.1%.

Apollo Hospitals Enterprise Ltd. key Products/Revenue Segments include HealthCare Services and Other Operating Revenue for the year ending 31-Mar-2022.

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The Relative Strength Index of the stock stood at 47.23 on Monday.

Short-term traders can look to go short in the stock for a possible retest of Rs 510 levels in the next 3-4 weeks, suggest experts.

Axis Bank, HDFC Bank, Bajaj Finance, and Cholamandalam Investment and Finance were the stocks that FIIs bought the highest in the financial services space in the December quarter, data by Prime Database showed.

Devina Mehra discusses the underperformance of banks in recent years, attributing it to negative surprises and credit risks. She advises caution when investing in banks and mentions being skewed towards public sector banks. She also highlights the importance of assessing credit quality in banks.

Taking cues from the global price trends, the MCX April gold futures were trading at 62,214 per 10 grams at 9:20 am, down by Rs 80 or 0.13%. Meanwhile, the March Silver contracts were up by Rs 259 or 0.37% at Rs 71,033 per kg.

Hero MotoCorp on Friday reported a 51% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 1,073.40 crore, which was largely on expected lines. Revenue from operations grew 21% YoY in the quarter to Rs 9,724 crore and was higher than an ETnow poll of Rs 9,690 crore.

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Promoters held 75.0 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 7.89 per cent and 3.3 per cent, respectively.

The Nifty Pharma index was trading 0.26 per cent up at 18664.75.

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