Latest Stock Market News

Before Interest, Tax, Depreciation & Amortization (EBITDA) of Rs 530 crore for the first half compared to Rs 297 crore in the same period of the last financial year, recording a growth of 79%. Consolidated PAT for H1FY23 was Rs 214 crore against a PAT of Rs 17 crore in H1FY22.

Option data suggested a broader trading range between 17,800 and 18,500 zones while an immediate trading range between 17,900 and 18300 zones

The government received bids for 4,85,40,266 shares, against 4,18,81,412 shares on offer for non-retail investors

​​This is the first quarter where Zomato crossed the billion-dollar annualized revenue mark, the online food delivery aggregator said.​​

The cautionary statement comes after the NSE noticed that Sameer Gulabrao Thite associated with Samsan Unitrade was offering the service to handle trading accounts of investors by asking them to share their user identification (user ID) and password.

Among Sensex stocks, Axis Bank, M&M, Bajaj Finserv, Titan, Bajaj Finance, IndusInd Bank, SBI and Power Grid Corp were the top losers in today’s trading session

The bottomline was also aided by the strong operational performance. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 75% YoY to Rs 821 crore, with margins expanding by a sharp 246 basis points to 23.35%.

>> For more such web stories click on the ET icon below

So accordingly, we are reducing our head counts and costs. For the next foreseeable future, we are not factoring in any increase in our core headcount and whatever revenue growth that we have, ideally should flow down into the bottom. So for the next few quarters we are projecting a consistent margin expansion on a QoQ basis.

"I expect the benchmark bond yield to bottom around 7.30%. There is little scope for any further rally as there is continuous supply pressure, and we may stay closer to terminal repo rate of 6.50% for a longer period, so it does not make much sense to go below 7.25%-7.30% levels."