Latest Stock Market News

Jockey: Page Industries announced a 34.3% year-on-year rise in net profit for Q3FY25, reaching Rs 204.7 crore, driven by improved operating margins. The company s revenue grew 7.1% YoY to Rs 1,313 crore, while EBITDA surged 33.6% YoY to Rs 302 crore during the same period. Strong financial performance highlights its continued growth and operational efficiency.

The Nifty Pharma index closed 0.62 per cent up at 21868.5.

Indian indices closed slightly lower, with gains in financial and oil stocks offset by declines in consumer shares. Key movers: Angel One, Abbott India, Oil India, Symphony, Asian Paints, Titan.

The Nifty Auto index was trading 0.07 per cent down at 23518.85.

Retail Investors: Sebi requires companies to disclose essential information for informed investor decisions. Financial institutions enhance confidence through transparency, sharing details on fees, risks, and performance. Clear communication about investment risks helps investors align choices with their risk tolerance, ensuring better decision-making.

Shares of India s state-run oil refiners surged up to 5% after analysts at Macquarie and Goldman Sachs raised ratings and target prices, citing improved fundamentals and an attractive risk-reward setup. HPCL and BPCL were upgraded to buy, while ONGC was revised to outperform.

Indian benchmarks indices ended lower on Wednesday, as advances in heavyweight financials and oil and gas firms were offset by losses in consumer stocks. Investors stayed cautious ahead of the Reserve Bank of India s three-day monetary policy meeting, which commenced today, with expectations of an impending rate cut.

Britannia Industries Q3 Preview: Five brokerages estimate Britannia Industries Q3FY25 topline to range between Rs 4,404 crore and Rs 4,485 crore. The company’s net profit is expected to decline by 5.4% to 8% compared to the October-December quarter of FY24. HDFC Securities projects the highest revenue, while JM Financial offers the most conservative estimate. For profit after tax (PAT), Kotak Institutional Equities anticipates the steepest decline, whereas Axis Securities forecasts the smallest drop.

The Indian rupee weakened to a record low on Wednesday as a sharp decline in the afternoon triggered stop losses amid a prevailing bearish bias on the currency and as traders positioned for a potential rate cut later this week.

Swiggy Q3 Results: ​​Revenue from operations for Q3FY25 stood at Rs 3,993 crore, marking a 31% increase from Rs 3,049 crore in the corresponding quarter of the previous financial year.