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This marks the second time the company has split its stock. Previously, Nava reduced its stock face value from Rs 10 per share to Rs 2 per share in August 2005, as per Trendlyne data.

Indian equity markets closed flat due to FII actions, weak earnings, and expectations from Trump’s policies. CPI data expectations remain muted, with higher food prices likely.

ONGC reported a 17% YoY rise in Q2FY25 profit to Rs 11,984 crore, aided by lower levies. Revenue fell 3.6% to Rs 33,881 crore due to lower oil prices. The company declared a dividend of Rs 6 per share. ONGC shares closed 2% lower on Monday ahead of the earnings announcement.

"Our wholly-owned subsidiary WMHL has divested a 5 per cent equity stake in EPIC in favour of identified financial investors in a series of negotiated trades on the Tadawul Stock Exchange, KSA on November 11, 2024, for an overall consideration of (Saudi Riyal) SAR 218.9 million (approximately USD 58 million)," Welspun Corp said in an exchange filing.

Zinka Logistics Solutions plans to raise Rs 1.115 billion through an IPO. The company provides digital platform solutions to truck operators. While it has shown traction, profitability remains a concern. Investors may wait for sustained profitable growth before investing. The promoter stake will fall to 28% post-IPO.

Hindalco Q2 Results: Profit exceeded the Street estimate of Rs 1,294 crore, with revenue from operations rising 8% YoY to Rs 22,262 crore in the period. Strong profit growth was fueled by solid operational performance in the India business, favourable macro conditions, and effective cost management.

Insecticides (India) reported a 10% decline in Q2FY25 revenue to Rs 627 crore due to delayed insecticide spraying by farmers. However, net profit rose 16% to Rs 61 crore. The company launched a new 9(3) herbicide, Torry Super, and expects a promising Rabi season.

Markets regulator Sebi on Monday asked qualified stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, in addition to the current mode of trading.

Bank of India (BoI) on Monday reported a 63 per cent jump in net profit to Rs 2,374 crore for the second quarter ended on September 30, 2024, on higher non-interest income. The public sector bank had a net profit of Rs 1,458 crore in the quarter ended in September 2023.