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The IPO comprised an offer for sale of 70.22 crore shares by promoter Sagility BV, aggregating up to ₹2,106.06 crore at the upper price band. The company provides technology-enabled business solutions and services to clients in the US healthcare industry.

Average daily trading volumes in half a dozen major exchanges have surged 3 times in less than a week despite crippling taxes and a shadow ban by most banks. Investors who were sitting on losses for close to 18 months are suddenly in the money

Analysts warn that a global slowdown - driven by high interest rates and persistent inflation - may dampen earnings growth, with operating profit margin expansion slowing due to weaker demand.

During the quarter, raw material costs for the company were up by 7.8% from a year ago, driven by high inflation in the cost of wheat, palm oil, cocoa and sugar. The input cost as a proportion of revenue rose to 59.8% of sales compared with 57.9% a year ago. This directly impacted profitability, as the operating profit margin dropped by 280 basis points (bps) to 15.5%.

Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal.

FII-driven selling pressure continued to weigh on domestic markets, with indices closing lower. The strengthening US dollar, driven by "Trumponomics," and rising domestic inflation, fueled by increasing food prices and a depreciating rupee, are impacting sentiment and may influence the RBI’s policy.

Net losses for the quarter are estimated to narrow to around Rs 6,300-6,400 crore, according to three brokerages. Revenue is projected to increase by 5% year-on-year in the September quarter. Sequentially, analysts anticipate solid growth in revenue, operating profit, and ARPU (Average Revenue Per User) for the telecom company.

Sunteck Realty reported a 348% year-on-year rise in net profit to Rs 35 crore for Q2, with revenue surging 578% to Rs 169 crore. Pre-sales grew 33% to Rs 524 crore, while collections rose 25%. It also outlined key ongoing projects in Mumbai and Dubai.

Religare Enterprises on Tuesday reported a 70 per cent jump in consolidated net profit to Rs 68.49 crore for the second quarter ended September 2024. The financial services firm had a consolidated net profit of Rs 40.35 crore in the July-September quarter of 2023-24.