Latest Stock Market News

Zomato Q3 Results: Net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore. An ET Now poll saw the figure around Rs 36 crore. The company had posted a loss of Rs 34.7 crore in the last year period. Consolidated adjusted EBITDA was positive for the third consecutive quarter at Rs 125 crore.

Global steel prices were elevated amid high demand, hurting companies which manufacture machinery and equipment, as steel is a key component in their making.

Satish Ramanathan says: Execution may be a challenge for some infra names, which is why trimming or reallocating profits to more defensive options is being done. In the case of defence, execution and ramping up takes time. ​ In general, there is a slight recovery on the agri side and a recovery in consumption from rural India. Two-wheelers would be an area where the cost benefit is favourable and we also see some benefit coming in from some of the IT names as well, where the risk reward is favourable.

Rate this item

(1 Vote)

​ Indian engineering company Thermax reported an 11% year-on-year rise in third-quarter profit on Thursday, helped by strong demand for its industrial products.

When ETMarkets examined it closely, it became evident that among the 26 listed stocks, 24 have yielded returns exceeding 10% in FY24 so far.

The Reserve Bank of India on Thursday left the repo rate unchanged at 6.50% following the conclusion of its three-day monetary policy meeting. This is the sixth consecutive time the central bank has left policy rates untouched and the longest pause in rates since 2008 in a rising interest rate environment.

Patanjali Foods Q3 Results: Revenue from operations fell 0.2% to Rs 7,911 crore. Sequentially, the topline rose just 1.1%, while the bottomline dropped by nearly 15%.

Fashion and lifestyle player Trent reported a 124% year-on-year (YoY) surge in consolidated net profit at Rs 374.36 crore for the quarter ended December 30. The profit stood at Rs 167 crore in the corresponding quarter last fiscal.

Rate this item

(1 Vote)

Pidilite Ind shares drop 2.52% as Sensex falls

Updated at : 2024-02-08 16:05:02

Rate this item

(1 Vote)

The stock quoted a 52-week high of Rs 2804.0 and a 52-week low of Rs 2250.85.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.