Trade Financial News

Torrent Pharmaceuticals Ltd.(up 1.67 per cent), Aurobindo Pharma Ltd.(up 1.22 per cent), Abbott India Ltd.(up 0.67 per cent), Glenmark Pharmaceuticals Ltd.(up 0.28 per cent) and Laurus Labs Ltd.(up 0.01 per cent) were among the top gainers.

Swiggy shares continued to fall for the fourth consecutive day on Friday as investors continued to sell the stock after the company's Q3 EBITDA losses were higher than Street estimates. During the day, Swiggy stock fell up to 2.5% to Rs 379.20 on BSE. Macquarie is the biggest bear on the stock right now with the target price going as low as Rs 325. The stock had fallen below its IPO issue price of Rs 390 in the previous session before ending the day with 7% downside. Despite revenue jump of 31% year-on-year (YoY), Swiggy's Q3 loss widened to Rs 799 crore.

Au Small Finance Bank Ltd.(up 0.95 per cent), HDFC Bank Ltd.(up 0.91 per cent), Federal Bank Ltd.(up 0.15 per cent), IndusInd Bank Ltd.(up 0.08 per cent) and Kotak Mahindra Bank Ltd.(up 0.06 per cent) were among the top gainers.

Sunil Koul, Emerging Market Equity Strategist, Goldman Sachs, says gone are those days wherein you saw 30% plus capex spending during the last three-four years and then the capex spending going forward will be more in line with nominal GDP, which is what we have been seeing in the last couple of years, sort of 10-11% in that sense. At a very aggregate level, we would see some outperformance from the consumption cohorts compared to the capex-sensitive sectors. Sectors like infrastructure or very capex-heavy railways, and roads can underperform in the current context. Koul further says that barring IT, a lot of FIIs are still engaged in the consumption story in India and it will still trade at a relatively higher multiple to the rest of the indices and rest of the consumer pack across the market. Somewhere around 30-40 times PE is still relatively okay compared to the broader market trading at 20 times. When are FIIs coming back? Sunil Koul: You want the global sentiment to improve a little bit before FIIs can come back. Today, the market is trading micro as opposed to global macro. So, let the global macro stabilise a little bit.

Aster DM Healthcare and three other companies will be in focus on Friday as February 10, Monday, has been set as the record date to determine shareholder eligibility for dividend payouts. Investors looking to qualify for these dividends must purchase shares by today to ensure settlement under the T+1 settlement cycle.

company plans to raise around Rs 78 crore through its IPO. The company plans to use the net proceeds from the IPO to be used for repayment of debt, working capital requirements and general corporate purposes.

growth in its profitability in the third quarter ended December 2024 even as the annual premium equivalent (APE) is expected to see a decline. Emkay Global estimates a profit growth of 5% YoY to Rs 9908 crore, while APE may witness 19% drop to Rs 10,686 crore.

Hero MotoCorp shares will be in focus on Friday after the company reported a 12% year-on-year rise in standalone net profit for the December quarter, reaching Rs 1,203 crore against Rs 1,073 crore a year ago. The figure surpassed Street estimates of Rs 1,122 crore. Revenue from operations rose 5% to Rs 10,211 crore from Rs 9,723 crore in the same quarter last year, exceeding the ET Now Poll estimate of Rs 10,152 crore. The company said both revenue and profit for the first nine months of FY25 were the highest ever.

stock exchange BSE will be in focus on Friday after it posted impressive third-quarter results, with its net profit jumping 104% year-on-year (YoY) to Rs 220 crore. Revenue from operations also saw a robust 108% YoY growth, reaching Rs 773 crore. Profit before tax and exceptional items more than doubled to Rs 268 crore from Rs 127 crore in the same quarter last year.

Eli Lilly’s profit doubled in the fourth quarter, propelled by its hot-selling diabetes and obesity treatments, and the drugmaker debuted a mostly better-than-expected 2025 forecast

A judge has ruled that a Georgia railroad can buy land against the will of property owners to build a track

The phone has been ringing off the hook for Lewis Black after China imposed export controls on tungsten, a niche metal mined by his firm that’s crucial to weapons manufacturing.

Crypto companies in Canada have found an unlikely ally — a bank owned by the Alberta government.

BCE Inc. beat analysts’ fourth-quarter expectations as Canada’s largest telecommunications firm reduced costs.

The United States and Canada have gone from being in a mediocre marriage to a bad one. What’s changed is that America no longer has a custodial president; it has a consequential one who wields his country’s power and wants complete control over all partnerships.

The Canadian dollar climbed above 70 cents U.S. early Wednesday with the immediate threat of a trade war on hold for the next month.

Almost every day since the expansion of Canada’s Trans Mountain pipeline was completed in May, a tanker laden with oilsands crude shipped through the line has passed under Vancouver’s Lions Gate Bridge en route to refineries around the Pacific.

M Suresh Kumar Reddy and Vijay Kancharla — promoters of Brightcom Group Ltd (BGL). Apart from the penalty, Sebi also barred both promoters from the securities markets for five years and restrained them from acting as a director or key managerial personnel (KMP) in a listed company or a Sebi-registered intermediary for five years.

President Donald Trump imposed broad tariffs on China on Tuesday, while tariff threats hang over other major trading partners like Canada, the European Union and Mexico.

trade war concerns. The benchmark BSE Sensex lost 213.12 points or 0.27% to close at 78,058.16, while the broader Nifty 50 index closed at 23,603.35, lower by 92.95 points or 0.39%.