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Homegrown contract electronics manufacturer Dixon Technologies India reported a 108% growth in net profit in the first quarter of 2024-25, as compared to the corresponding quarter last year.

Vedanta received approval from 75% of its secured creditors for its demerger scheme. The plan will create six sector-focused entities, simplifying the corporate structure and providing direct investment opportunities.

Jindal Stainless Ltd (JSL) on Tuesday posted 12 per cent fall in consolidated net profit to Rs 646.07 crore during June quarter, mainly on account of lower income. It had clocked Rs 737.58 crore net profit in the year-ago period, the company said in an exchange filing.

Revenue from operations in the reporting period rose 16% year-on-year to Rs 4,352 crore as against Rs 3,741 crore in the previous year period. The decline in profit was due to higher exceptional items and a reduced share of profits from associates and joint ventures. During the quarter, the India Beverages business saw a 6% increase in revenue (1% organic growth), despite being affected by an intense summer. In contrast, coffee maintained a strong performance, with a 28% revenue growth for the quarter.

The short-term trend of Nifty continues to be choppy, but the near-term uptrend status remains intact. The overall chart pattern is signaling some more consolidation or minor dip in the next 1-2 sessions before bouncing back from the lows.

The Nifty IT index closed 0.11 per cent down at 40776.35.

​Stocks worth over Rs 10,000 crore were considered and the list was further curated to include those that have grown over 100% in the past year.

Consumer durables and auto sectors led the market rally, closing 1.12% and 0.6% higher, respectively. However, FMCG, IT, Pharma, PSU Bank, and Healthcare sectors faced declines. Despite this, the total market capitalization on BSE saw a significant increase of Rs 1.06 lakh crore, reaching Rs 460.98 lakh crore. Overall market sentiment remained positive with 2,297 stocks advancing against 1,605 declining, indicating a bullish trend.

Short covering involves purchasing shares to close a short position, indicating a transition from strong bearishness to optimism. On Tuesday, five stocks experienced short covering.

Engine oil maker Castrol India reported a 3.1% increase in second-quarter profit on Thursday as the continuing rise in vehicle sales boosted its mainstay business of automobile lubricants and helped offset the rise in costs.