Analysis Financial News

The Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 68 crore in the reported quarter versus Rs 33 crore in Q3FY24, witnessing a 107% jump.

Backed by Singapore-based investment firm AT Capital and Dutch energy & commodity trading company Vitol, Juniper has hired ICICI Securities, JM Financial and HSBC to launch a Rs 3000-crore IPO, said people aware of the development. The money will be raised through primary offering of shares, said sources.

Nifty index opened positive on Friday, witnessed profit booking and finally settled the day on a negative note at the 23,560 level. The volatility index, India VIX, dropped by 3.45% to 13.69, indicating a decrease in market volatility.

Delhivery reported a 114% year-on-year jump in its December quarter net profit at Rs 25 crore versus Rs 12 crore reported in the year ago period making it the third consecutive profitable quarter for the company. The revenue from operations in the reported quarter stood at Rs 2,378 crore, witnessing an 8% jump over Rs 2,194 crore reported in the corresponding quarter of the previous financial year. On a sequential basis, the profit after tax (PAT) was 145% higher over Rs 10 crore posted by the logistics company in Q2FY25. Meanwhile the revenue was up 9% on a quarter-on-quarter basis versus Rs 2,190 crore reported in the July-September quarter.

stood among the top gainers.

Shares of Macrotech Developers Ltd.(up 3.35 per cent), Phoenix Mills Ltd.(up 1.75 per cent), Oberoi Realty Ltd.(up 1.52 per cent) and Raymond Ltd.(up 0.23 per cent) ended the day as top gainers in the pack.

Shares of Federal Bank Ltd.(up 2.47 per cent), IndusInd Bank Ltd.(up 1.28 per cent), Au Small Finance Bank Ltd.(up 1.0 per cent), Kotak Mahindra Bank Ltd.(up 0.7 per cent) and IDFC First Bank Ltd.(up 0.57 per cent) ended the day as top gainers in the pack.

Shares of Torrent Pharmaceuticals Ltd.(up 3.08 per cent), Glenmark Pharmaceuticals Ltd.(up 2.69 per cent), Abbott India Ltd.(up 2.48 per cent), Mankind Pharma Ltd.(up 1.56 per cent) and Lupin Ltd.(up 0.73 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. What is in a name? Apparently, everything. Or so it seems when a company decides to reinvent itself.

SME IPO of Amwill Healthcare, which opened for subscription on Wednesday, was fully subscribed by the final day of bidding, achieving an overall subscription of 1.68 times as of 11:00 AM. The retail portion of Amwill Healthcare's SME IPO was subscribed 2.41 times, while non-institutional investors subscribed to 81% of their allocated quota. Meanwhile, demand from qualified institutional buyers (QIBs) remained steady at 2.19 times.

«We are not talking about the near-term pain that we are seeing in equity market because of the short-term headwinds that we are seeing in India,» says Manish Sonthalia, Emkay Investment Managers. Capital market stocks. So, I am assuming that Motilal Oswal is also looking good as a stock for a fund manager like you. Manish Sonthalia: See, I do not want to talk about individual companies, but suffice to say that this entire theme, because it is leveraging a lot of technology and these are somewhat annuity sort of businesses, not specifically the online broking piece, but other pieces across the spectrum. Just one name, it is across the spectrum and mind you why I am saying this is because in India's case, the financial sector is leading the real sector.

Apollo Tyres Ltd.(up 2.66 per cent), Ashok Leyland Ltd.(up 1.25 per cent), Mahindra & Mahindra Ltd.(up 1.09 per cent), Hero MotoCorp Ltd.(up 0.67 per cent) and Bajaj Auto Ltd.(up 0.48 per cent) were among the top gainers.

NCC Ltd tumbled as much as 14.6% on Friday to Rs 202.85 on the BSE after the infrastructure company reported a 12.5% year-on-year (YoY) decline in net profit at Rs 193.2 crore for the third quarter ended December 2024. The stock decline followed NCC's earnings announcement post-market hours on Thursday. The Rekha Jhunjhunwala-backed firm posted a net profit of Rs 193.2 crore for the quarter ended December 31, 2024, down from Rs 220.7 crore a year earlier, according to a regulatory filing.

Cochin Shipyard shares cracked 7% to an intraday low of Rs 1,311.40 on the BSE on Friday, February 7, after the company on Thursday announced a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter of financial year 2025. Shares of state-owned Cochin Shipyard shares will remain in focus on Friday, February 7, after the company on Thursday announced a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter of financial year 2025.

Nakoda Group Of Industries Ltd.(up 3.64%), Umang Dairies Ltd.(up 1.56%), Euro India Fresh Foods Ltd.(up 1.08%), Sheetal Cool Products Ltd.(up 1.08%), Mrs. Bectors Food Specialities Ltd.(up 0.78%), Nakoda Group Of Industries Ltd.(up 0.67%), Dangee Dums Ltd.(up 0.61%), Hatsun Agro Products Ltd.(up 0.56%), JHS Svendgaard Laboratories Ltd.(up 0.52%) and Zydus Wellness Ltd.(up 0.09%) were among the top gainers.

Zuari Agro Chemicals Ltd.(up 7.54%), Agro Phos India Ltd.(up 3.82%), Southern Petrochemicals Industries Corporation Ltd.(up 0.74%), Rama Phosphates Ltd.(up 0.63%), Chambal Fertilisers & Chemicals Ltd.(up 0.57%), Aries Agro Ltd.(up 0.51%) and Krishana Phoschem Ltd.(up 0.37%) were among the top gainers.

Domestic benchmark index NSE Nifty gained 8.66 points to 23612.0, while the BSE Sensex traded 52.04 points up at 78110.2.

Sonata Software fell as much as 15.1% on Friday to Rs 467 on the BSE after the mid-tier IT services firm reported a third-quarter profit of Rs 105 crore, a 1.4% sequential decline from Rs 106.5 crore in the preceding quarter, as margins eroded due to a deal ramp-down from its largest client. The Bengaluru-based company’s operating margins narrowed sharply to 4.6% in the October-December period, down from 6.7% in the previous quarter, impacted by a 3% margin contraction from the client ramp-down and an additional 0.7% hit due to senior management bonuses.

«So, many of these construction, infrastructure, capital good companies have corrected very significantly from 52-week highs to three-four months back they are more near 52-week lows,» says Sandip Sabharwal, asksandipsabharwal.com. Lots of numbers yesterday and with the standout one and when I say standout one bad numbers also stand out, the standout one or the standout group for me actually is cement and construction. Everything there is just getting marred because of slowdown in the government action. Sandip Sabharwal: Yes, exactly. So, it is across the board. You see capital good companies, you see infrastructure companies, across the board there is a slowdown in execution.

Benchmark NSE Nifty index rose 21.16 points to 23624.5 amid buying in frontline bluechip stocks.

add call on Zydus Wellness, with a target price of Rs 2000. The current market price of Zydus Wellness is Rs 1779. Zydus Wellness, incorporated in 1994, is a Mid Cap company with a market cap of Rs 11363.43 crore, operating in FMCG sector. Zydus Wellness' key products/revenue segments include Food Products and Other Operating Revenue for the year ending 31-Mar-2024.