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The IPO of Indegene consists of a fresh issue of equity shares worth up to Rs 950 crore and offer for sale of up to 3.63 crore equity shares by existing investors, according to the Draft Red Herring Prospectus

The profit figure is way below the ET Now poll estimate of Rs 2,861 crore. Revenue from operations during the quarter rose 14% year-on-year to Rs 37,440 crore. The company reported 19% growth in its consolidated EBITDA at Rs 19,746 crore. EBITDA margins improved 271 basis points year-on-year to 53.7%

Sun Pharma Q1FY24 net profit fell 2% YoY to Rs 2023 crore due to exceptional items worth Rs 323 crore. However, excluding exceptional items, net profit for Q1FY24 grew 13.8% to Rs 2345 crore. Earnings for interest, tax, depreciation, and ammortisation (EBITDA) grew 15.5% to Rs 3332 crore in Q1.

COREWEAVE-FUNDING/CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips

Bharti Airtel, a leading Indian telecommunications company, saw its Q1 net profit rise by 0.3% YoY, thanks to strong 4G user additions and data consumption growth. Consolidated revenue grew by 14.1% YoY to INR37.4bn ($552m), although net profits fell sequentially

Consolidated ebitda stood 41.5% higher at Rs 10,618 Crore, as compared to Rs 7,506 Crore in Q1 FY 2022-23. Ebitda growth was supported mainly by prior period income recognition and incremental contribution of Godda power plant.

Dow falls 88 points, S&P 500 starts lower by 19 points and the Nasdaq Composite drops 74 points at the opening bell

Option data suggests a broader trading range between 19,000 and 20,000 zones while an immediate trading range between 19,200 and 19,600 zones

The Indian rupee weakened by 6 paise to end at 82.73 against the US dollar on 5 August due to weak domestic equities, sustained foreign fund outflows and firm crude oil prices.

Understanding the significance of RSI in assessing stock movements, we delve into the top 10 stocks identified by ETMarkets from the 60 stocks reported by StockEdge on August 2, Wednesday. Investors should closely monitor these stocks for potential trend reversals.