Latest Stock Market News

Private sector CSB Bank has reported net profit of Rs 152 crore for the third quarter, as against Rs 150 crore in the year ago period while it faced pressure on margin due to higher cost of funds.

Home First Finance is planning to raise Rs 1250 crore by selling shares to institutional investors to grow its loan portfolio and asset base, the company announced Tuesday.

Chennai-based TVS Motor Company Tuesday reported a 4.2% year-on-year increase in standalone net profit for the December quarter at Rs 618 crore, driven by better volumes and operational efficiency.

Piramal Pharma on Tuesday reported net profit of Rs 4 crore in Q3FY25.

Bajaj Auto’s standalone net profit rose for the December quarter but lagged market estimates, as sales of the company’s two-wheelers and commercial vehicles declined in the domestic market amid weak demand and a slowing economy.

Wind energy major Suzlon Energy reported a 91% increase in consolidated net profit driven by volume and margin expansion on Tuesday.

State-run Mahanagar Gas Ltd (MGL) on Tuesday reported a 30% fall in net profit for the third quarter. A reduction in gas allocation under the administered price mechanism (APM) hurt profitability.

Yields on the 10-year benchmark sovereign bond softened four basis points to 6.64% Tuesday in the early hours of trading, responding to the Reserve Bank of India (RBI) measures on Monday to ease system liquidity.

Prudent Corporate Advisory Services, a retail wealth management services firm, reported a 45% year-on-year growth in revenue from operations, reaching Rs 820.5 crore for the quarter ended December 2024.

According to analysts and jewellers, gold prices will remain volatile this week, ahead of the Union Budget, which will be tabled on February 1. In the physical market, gold traded at Rs 80313 per 10 gm on Tuesday.