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Oil steadied on Tuesday near its lowest levels since early June as worries about demand in China were balanced by a government pledge of policy measures for the economy and the prospect of lower U.S. crude and product inventories.

Realty developer Arvind SmartSpaces has reported over 44% on-year decline in net profit at Rs 5 crore for the quarter ended June. The company’s revenue from operations rose 11% from a year ago to Rs 75 crore.

Maruti Suzuki reported steady revenue growth for Q1 June 2024, marking a 7% year-on-year increase, with strong volume growth in utility vehicles. The company saw a significant 30% rise in net profit. Enhanced EBITDA margins were supported by reduced raw material costs and an improved product mix, despite flat average selling prices.

Indian Oil Corp reported an 81% drop in standalone net profit to Rs 2,643 crore in Q1, down from Rs 13,750 crore a year ago. Revenue fell 2% YoY to Rs 2.15 lakh crore. EBITDA was Rs 8,636 crore with margins at 4.5%. Total expenses increased to Rs 2.13 lakh crore from Rs 2.03 lakh crore.

Kitchen appliance and cookware manufacturer TTK Prestige on Tuesday announced that its board will consider a buyback of shares in its upcoming board meeting on August 2, following which the shares of the company surged 4% to Rs 939.55 on BSE.

Delhi-headquartered Jungle Camps India (JCIL) has filed the draft red herring prospectus (DRHP) with market regulator SEBI to raise funds via the initial public offering (IPO) route.

The results show the progress Nomura has made in shifting toward a fees-based profit model in order to secure more consistent revenue that is less subject to market swings

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 23.93 per cent and 15.03 per cent, respectively.

The Reserve Bank of India has announced that foreign investors will no longer have unrestricted access to newly issued Indian government bonds with 14-year and 30-year tenors. This change takes effect immediately and the RBI has not provided a reason for the decision

The Relative Strength Index of the stock stood at 61.18 on Tuesday.