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Precision engineering and manufacturing company Balu Forge Industries on Monday reported a 107% year-on-year jump in its consolidated net profit for the quarter ended September 30, 2024 at Rs 48 crore which was up from Rs 23 crore reported by the company in the year ago period. The company in which ace investor Ashish Kacholia has a 1.82% stake, reported a revenue growth of 60% YoY at Rs 223 crore in Q2FY25 compared to Rs 139 crore in Q2FY24 because of the constant focus on client addition and continued demand for the specialized engineering products.

research and development (R&D) capabilities, Honasa Consumer, the parent company of beauty and personal care brand Mamaearth, has appointed Kaustav Guha as vice president of research & development. An alumnus of IIT Kharagpur, Guha will lead the company's R&D initiatives and product formulations across Honasa's portfolio of brands, which include Aqualogica, The Derma Co, Bblunt, Dr Sheth's and Staze. Guha has earlier been with personal care brands Marico and L'oreal. In his latest stint, he was with Fireside Ventures-backed ayurveda-focused brand Nat Habit.

Indian rupee closed at a record low of 84.0725 against the US dollar on Monday, pressured by outflows from local equities and debt and a stronger dollar index. However, likely RBI intervention in the form of dollar sales reigned in losses for the rupee, traders said. Outflows caused by Hyundai routing back funds to its parent company in South Korea after its latest IPO also put pressure on the rupee

KCP Sugar & Industries Corporation Ltd.(up 1.27%) stood among the top gainers.

The underlying trend of Nifty remains weak within range movement. Having failed to sustain the recent upside bounce, the market could revisit the lower range of 24,600-24,500 levels in the near term. Immediate resistance is at 25,000 levels, said Nagaraj Shetti of HDFC Securities.

JP Morgan has initiated coverage on Ultratech Cement and 3 other cement stocks with an upside potential of up to 31% on the belief that the sector is set for consolidation with the larger players likely to become more aggressive. “India cement sector looks set for consolidation with the larger players turning aggressive,” said JP Morgan in its note.

Losses for the July-September 2024 period are likely to widen up to Rs 660 crore from Rs 290 crore in the same period of last year. Meanwhile, revenue from operations is seen growing up to 16% year-on-year (YoY).

Pilkington was previously a managing director at AlTi Tiedemann Global, a role she held for a year and a half up until she departed in June this year. Prior to this, she was at Alvarium Investments for three years, where she helped build out the firm's co-invest platform. Brown Advisory turns to Fidelity International for UK intermediary sales director She also worked at ACPI Investments as a fund analyst and deputy fund manager on its Multi Manager balanced product and was an investment and equity fund research analyst at Rathbones. Quintin Ings-Chambers, partner and head of in...

«I do not see more than 3% to 5% kind of a price correction. But, however, in terms of broader market, we might see some more amount of correction and valuation comfort to still emerge,» says CA Rudramurthy BV, MD, Vachana Investments. After 100 points move on the upside that we had seen on Friday, again, markets are down around 100 odd points, how is the Nifty charts in fact looking like on the technical front. CA Rudramurthy BV: For me if you take a medium to longer timeframe horizon on market, we have seen already a very-very good rally and now we should see some amount of time-wise correction and that will be very healthy for markets for medium to longer timeframe.

SRF Ltd. rose 1.77 per cent to Rs 2284.3 in Monday's trade. It hit an intraday high of Rs 2335.0 and low of Rs 2257.6, respectively, during the day. The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Subscribe to enjoy similar stories. In 1969, Neil Armstrong took his historic step onto the lunar surface and declared, “That’s one small step for man, one giant leap for mankind." This profound moment not only marked humanity’s first journey to another celestial body, but a new era of space exploration that inspired generations. A few days ago, when SpaceX in an unprecedented ‘chopsticks’ manoeuvre caught a rocket’s massive booster stage as it descended back to Earth, CEO Elon Musk tweeted: “Big step towards making life multiplanetary was made today." Just as Armstrong’s Moon landing signified a huge leap for mankind, SpaceX’s advancements symbolize humanity’s re-defined relationship with the cosmos.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 0.96 per cent down in Monday's trade at 12:27PM (IST). Around 4,582 shares changed hands on the counter. The stock opened at Rs 6004.2 and touched an intraday high and low of Rs 6092.0 and Rs 5965.35, respectively, in the session so far. Shares of the company of <a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. quoted a 52-week high of Rs 6276.2 and a 52-week low of Rs 3300.0.

smallcap company Netweb Technologies surged 10% to its new all-time high of Rs 2,949.65 on the BSE after reporting a 69.7% YoY (year-on-year) jump in its profit after tax (PAT) to Rs 25.7 crore. The same stood at Rs 15.14 crore in the second quarter of the financial year 2024.

Manappuram Finance slid 17% to Rs 145.50 in the last 2 trading sessions after the Reserve Bank of India (RBI) imposed restrictions on four NBFCs (including Manappuram’s subsidiary) citing material supervisory concerns. The restrictions will be effective from October 21, 2024 on four NBFCs Asirvad Micro Finance (a subsidiary of Manappuram Finance), Arohan Financial Services, DMI Finance, and Navi Finserv.

Bajaj Holdings & Investment Ltd. gained 0.65 per cent to Rs 10313.0 in Monday's session as of 11:51AM (IST) even as the equity benchmark Sensex traded 163.68 points lower at 81061.07. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 11348.5 and a 52-week low of Rs 6634.6 on NSE. Around 882 shares changed hands on the counter till 11:51AM (IST).

mutual funds attracted around Rs 30,350 crore inflows during April to September of the current financial year. The continuous inflows in these categories were mainly due to high returns offered by these categories. According to the Association of Mutual Funds in India (AMFI), mid and small cap funds received inflows of Rs 32,924 crore during the same time a year ago. “Investments in mid and small cap funds should be made based on one’s risk appetite. It is important for investors to note that mid and small cap segments are highly volatile. While they can give exceptionally high returns in up markets, they can fall equally hard in down markets. Therefore, investors should take exposure in these funds in line with their risk appetite and invest only with a long-term investment horizon,” said Melvyn Santarita, Analyst – Manager Research, Morningstar Investment Research India

Punjab National Bank slipped 0.62 per cent to Rs 102.6 in Monday's trade as of 11:46AM (IST). It hit a high of Rs 104.45 and low of Rs 102.5 during the session. The stock quoted a 52-week high price of Rs 142.9 and a low of Rs 67.34. The return on equity for the stock stood at 8.92 per cent. About 264,187 shares have changed hands on the counter so far.

GAIL (India) Ltd. gained 0.2 per cent to Rs 221.9 in Monday's trade as of 11:41AM (IST). The stock hit a high price of Rs 223.55 and low of Rs 220.6 during the session.

Sebi for an initial public offering of Rs 570 crore, a statement said on Monday. The initial public offering (IPO) comprises a fresh issue of shares worth up to Rs 170 crore and an Offer for Sale (OFS) of shares worth up to Rs 400 crore, Jaro Education said in the statement. Promoter Sanjay Namdeo Salunkhe is selling equity shares worth Rs 400 crore through the OFS route.

Cyprus says it has successfully thwarted a digital attack aimed at blocking access to the government’s central online portal