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Ashok Leyland shares gain 1.08% as Sensex falls

Updated at : 2024-10-11 11:45:02

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The stock quoted a 52-week high of Rs 264.7 and a 52-week low of Rs 157.65.

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Cipla Shares: Cipla's Market Performance Update

Updated at : 2024-10-11 10:50:02

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Tata Consultancy Services (TCS), reported a 5% growth in its consolidated net profit on Thursday, reaching Rs 11,909 crore for the second quarter ended September 2024, compared to Rs 11,342 crore in the year-ago period.

Indian stock indices Sensex and Nifty opened lower on Friday due to a profit miss by Tata Consultancy Services, impacting banking and financial stocks. Additionally, higher-than-expected U.S. inflation data for September raised concerns about the likelihood of further interest rate cuts this year.

DMart is expected to show a steady performance in Q2, driven by 14% YoY revenue growth and store additions. Several brokerages forecast net profit increases up to 19% YoY. Revenue growth is primarily attributed to higher inflation and store expansion, with anticipated EBITDA margin improvements.

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Khyati Global Ventures is set to debut on the stock exchange this Friday. The company, an exporter of FMCG products, plans to use its IPO proceeds for working capital and corporate purposes. Though it had no grey market premium pre-listing, Khyati operates efficiently with an asset-light model and exports to over 40 countries.

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