Latest Stock Market News

Essar Oil and Gas Exploration & Production Ltd. is exploring its first post-restructuring fundraising initiative by considering a $275 million overseas bond issuance to fund expansion and refinance existing debt. Talks remain preliminary and non-binding.

Tata Tech Q3 Results: Q3FY25 revenue from operations rose 2% to Rs 1,317 crore, compared to Rs 1,289 crore in the same quarter last year. On a sequential basis, the profit after tax (PAT) grew 7% as against Rs 157 crore posted in Q2FY25. Meanwhile, the topline increased 1.6% versus 1,296 crore in the July-September quarter.

ICICI Prudential Life Insurance reported a 43% YoY net profit rise to ₹325 crore in Q3FY25, with net premium income growing 23% to ₹12,261 crore, driven by strong single premium performance.

India Cements Ltd on Tuesday reported a consolidated net profit of Rs 116.52 crore in the third quarter ended on December 31, 2024, boosted by the sale of investments.

Gold prices rose Rs 100 to Rs 82,100 per 10 grams in the national capital on Tuesday, according to the All India Sarafa Association. The precious metal had closed at Rs 82,000 per 10 grams on Monday.

Sebi Chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has found "egregious misuse" of funds raised through initial public offerings (IPOs) by certain companies and urged investment bankers to desist from helping such entities access the capital markets.

U.S. industrial conglomerate 3M Co on Tuesday reported fourth-quarter adjusted profit above estimates as demand for industrial adhesives, tapes and electronics picked up, sending its shares more than 5% higher in premarket trade.

FII shareholding in top Nifty500 stocks rose in Q2FY24, signaling confidence in growth and stability, potentially driving higher stock prices and attracting domestic investors.

Denta Water and Infra Solutions plans to raise ₹221 crore via IPO to fund working capital, diversify projects, and expand geographically. Profitability and margins have declined despite revenue growth, posing high-risk investment potential.

PNB Housing Finance on Tuesday reported a 43 per cent jump in net profit to Rs 483 crore for the December quarter. The non-banking finance company, promoted by Punjab National Bank, had earned Rs 338 crore in the same quarter a year ago.