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₹1,405 crore for the quarter ended June, mainly aided by overall good performance in Russia and success of US generics. Dr Reddy share price opened at ₹5,535 apiece on BSE. Dr Reddy share price hit intraday hit of ₹5,580.85 and low of ₹5,425 on BSE.

₹942.50 apiece levels whereas it opened on NSE at ₹947 per share against its issue price of ₹475 to ₹500 per equity share. However, Netweb Technologies share price further ascended and went on to hit intraday high of ₹953 per share levels while on NSE it went on to hit intraday high of ₹952 per share.

Tech Mahindra Ltd. fell short of the mark in its June quarter (Q1FY24) earnings, disappointing its investors and sending shares down almost 3% in the National Stock Exchange's early trading on Thursday. The company reported a disheartening 4.2% sequential drop in constant currency revenue, failing to meet analyst expectations.

Indian stock market witnessed a blockbuster rally as both the Nifty 50 and BSE Sensex reached all-time highs, not once but thrice. The Nifty 50 traded near 19,300, while the Sensex surpassed 65,000 by the end of the month. This impressive performance was driven by strong inflows from foreign institutional investors (FIIs), robust corporate balance sheets, moderating inflation, and positive expectations for economic growth buoyed by anticipated normal monsoon conditions.

By Ron Bousso and Shadia Nasralla

Bajaj Finserv Ltd reported a 48.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 to Rs 1,942.63 crore. Revenue from operations rose nearly 47% YoY to Rs 23,280 crore.

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

Investing.com — Most Asian currencies rose on Thursday, benefiting from weakness in the dollar after the Federal Reserve hiked interest rates as expected, but also downplayed expectations for a U.S. recession this year.

Axis Bank share price gained over a percent on Thursday after the private sector lender reported stable performance in the fiscal first quarter ended June 2023. Axis Bank shares rose as much as to ₹apiece on the BSE. The private lender reported a 41% year-on-year (y-o-y) increase in net profit for Q1FY24, driven by higher net interest income and fee income.

«The fact that there is a 4% kind of a decline in the revenue and even on many other parameters whether you look at sales to customer or footprint addition in this quarter or revenue per square feet there is definite amount of disappointment,» says Hemang Jani, Equity Strategist & Senior Group VP, MOFSL.We were just highlighting Vendant Fashion’s numbers and just looking at how the same store sales etc performance has been that kind of falls short of the valuations that the stock quotes at, I mean the margins have come in at 47.5% while standalone they may be okay but in the same quarter last year they did over 50%. The PAT has come in at Rs 92 crores rupees odd, the revenues have come in a little lower by about 4%. It seems like it was not the most profitable quarter for them. Absolutely.

Cipla share price rallied more than 8% in the early trade on Thursday after the pharma company reported robust earnings for the first quarter of FY24. Cipla shares jumped as much as 8.82% to ₹1,163.00 on the BSE. Drug major Cipla posted a 45.1% rise in its consolidated net profit in Q1FY24 at ₹995.7 crore as compared to ₹696.4 crore in the corresponding quarter of the last year.

₹7,596.95 against the previous close of ₹7,431.05 and rose over 2 per cent to ₹7596.95. Shares of Bajaj Finance have risen almost 19 per cent in the last one year against a 21 per cent gain in the equity benchmark Sensex.

₹1,100.05 against the previous close of ₹1144.05 and fell 5.4 per cent to hit an intraday low of ₹1,082.55. Shares of Tech Mahindra have underperformed the benchmark Sensex in the last one year. Tech Mahindra shares are up 16 per cent in the last one year against a 21 per cent gain in the equity benchmark Sensex.

Boeing is reporting a $149 million loss for the second quarter despite higher revenue, as the plane maker struggles with higher costs in both its airline and defense business

Deepti Naval and Kalki Koechlin's drama movie 'Goldfish' will be released in theatres across the country on August 25, the makers announced on Wednesday. Featuring Naval and Koechlin as a mother and daughter duo, the London-set film deals with the themes of memory and identity. It is directed by Pushan Kripalani and presented by filmmaker Anurag Kashyap. «Anamika (Koechlin), the child of a mixed marriage, returns home to her estranged mother Sadhana (Naval) because she is suffering from the onset of dementia. Ana returns to a neighbourhood she barely remembers, to a woman who sometimes doesn't remember her,» according to the official plotline. 'Goldfish' also features Rajit Kapur, Bharti Patel, Gordon Warnecke, Ravin Ganatra and Shanaya Rafaat. The movie will be released in the US as well on August 25. Kashyap said he loved the film when he watched it during the Busan International Film Festival (BIFF) in October 2022. «The relationship between Kalki and Deepti Naval ,with some brilliant writing and performances, directed with so much nuance ,all the incredible supporting performances.

Pankaj Murarka, Founder, Renaissance Investment, says “the rise in stock prices across smallcap indices has been pretty sharp over the last few months and it is not a bad idea to reallocate some money from smallcaps to largecaps so as to reduce the risk of the portfolio because all of us know that when markets rise, smallcaps rise much more or much higher than largecaps. But when markets correct, smallcaps also fall much more sharply than largecaps.”How do you see the outperformance of the broader markets? Do you believe that the bull run of 2020 or 2021 post Covid is back once again with the same feel and how do you spot the broader market space?Also, is this the right time to book profits or should one stay invested?There are multiple questions in your one question. So let me address them one by one.

advertising revenue, topping Wall Street financial targets for the second quarter and forecasting third-quarter revenue above market expectations. The results from Meta, Facebook's parent company, come a day after a strong performance from Alphabet's Google and make the case that consumers, and the advertisers eager to reach them, are spending despite broad economic concerns. Still, the company also forecast that expenses would rise in both 2023 and 2024, citing costs including legal fees and increased spending on infrastructure considered key to the tech sector's feverish AI race.

hockey team came up with a valiant performance against the Netherlands, which recently won the FIH Hockey Pro League 2022-23 title, to record a 1-1 draw in an intensely-fought match here at the ongoing 100th Anniversary Spanish Hockey Federation — International Tournament on Wednesday. India had lost to the hosts Spain in their opening game, but they bounced back today with an impressive performance. In-form captain Harmanpreet Singh scored India's lone goal in the 12th minute, and Jasper Brinkman equalised the score for the Netherlands in the 40th.

«So, I will just say that there are lot of things which are happening, lot of moving parts happening, lot of leadership change and all, so obviously weak set of numbers,» says Sandip Agarwal, Independent Market Expert.I do not remember the last time we saw a margin profile of around sub-7% for Tech Mahindra. Last year or in FY21, the EBIT margin number used to be well above 16%, now 6.8.Yes, so this is obviously a very weak set of numbers and as you rightly mentioned these things happen once in a decade type and we have seen this last quarter in one of the companies and then that company bounced back substantially in the margin and so the stock price.

earnings that saw its order book surpass ₹4 lakh crore for the first time ever. Separately, the company announced a special dividend and a ₹10,000 crore share buyback, prompting analysts to raise their price targets on the stock. Shares of the engineering and construction conglomerate touched a record high of ₹2,673.85 before closing at ₹2,652 on the NSE, up 3.56% from the previous close.

The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot.