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Revenue rose by 11 per cent to Rs 5,894 crore in the quarter from Rs 5,297 crore in the same period a year ago.

Subscribe to enjoy similar stories. Delhivery Ltd’s shares are hovering near their 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment remains subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce.

Shriram Finance Ltd. traded 0.65 per cent up at Rs 2969.40 at around 10:34AM (IST) on Tuesday. The stock had closed at Rs 2949.95 in the previous session. Equity benchmark Sensex traded 139.75 points at 79970.1 around the same time.

During Q2, while sectors like pharma and realty demonstrated robust growth driven by strong demand and operational efficiencies, others like energy and Infrastructure faced headwinds in profitability.

Edelweiss Financial Services are likely to remain in focus on Tuesday amid its plans to sell a minority stake in its mutual fund business Edelweiss Mutual Fund. According to sources, the firm is looking to sell a 25-35% stake in its mutual fund arm and is seeking a valuation of $600 million.

Subscribe to enjoy similar stories. The Indian stock market is abuzz with optimism thanks to several encouraging factors. The recent victory of the Bharatiya Janata Party (BJP) in Maharashtra has sparked celebrations on Dalal Street, with the Nifty50 surging by more than 350 points on a Monday morning at 24,250.

Subscribe to enjoy similar stories. As expected in the previous day's market commentary, the Indian benchmark index Nifty50 opened with a strong gap-up, taking cues from the Maharashtra state election and positive global sentiment. The index opened 346-point higher at 24,253, registered an intraday high at 24,351, and closed at 24,222.

Bharatiya Janata Party (BJP) led Mahayuti alliance in Maharashtra assembly elections. It was a broad based rally panning all sectors but bank stocks stood out. While the benchmark S&P BSE Sensex settled at 80,109.85, up by 992.74 points or 1.25%, the broader Nifty closed at 24,221.90, higher by 314.65 points or 1.32%.

equity market has been on a remarkable run in 2024, with the S&P 500 posting gains of over 25% year-to-date, outpacing India's Nifty50, which has risen 11% during the same period. However, as highlighted by Gary Dugan, Chief Executive Officer of The Global CIO Office in a note, this rally warrants cautious optimism.

Shares of MphasiS Ltd.(up 3.43 per cent), Coforge Ltd.(up 3.42 per cent), L&T Technology Services Ltd.(up 2.85 per cent), Persistent Systems Ltd.(up 2.1 per cent) and Wipro Ltd.(up 1.89 per cent) ended the day as top gainers in the pack.

Ankur Rudra of JPMorgan says on a broad-based basis, we do not have the visibility that industry growth is going to double digits yet and hence, as we go towards the end of FY25, we may not have the momentum we need for FY26 to be a double-digit growth year. More specific sectors are doing well. Some sub-segments like financial services, maybe parts of high-tech are doing well. Some of the midcaps are doing well but broad-based recovery is still elusive. If there is any kind of macro impact, that is the main sort of headwind to watch out for. A lot of questions are being raised about whether Indian IT services can catch up with the AI boom or whether services providers will manage to beat the product manufacturers dominant in the US? What is your view? Ankur Rudra: On the AI side of the equation, it is useful to take a step back and remember that tech services companies effectively tend to implement a lot of the new technology that comes by. At the moment, it is AI, before this was cloud. So, to implement AI at an enterprise level, most large enterprises will need IT services companies to help them with doing that to integrate IT and AI into their processes. I think there will be a role for them.

Au Small Finance Bank Ltd. 0.24 per cent to Rs 597.25 in Monday's trade as of 12:52PM (IST). The stock hit a high price of Rs 604.85 and low of Rs 596.50 during the session. The return on equity (ROE) for the stock stood at 12.28 per cent. Traded volume on the counter stood at 12:52PM shares and turnover at Rs 1.42 crore around that time. The stock of Au Small Finance Bank Ltd. quoted a 52-week high price of Rs 813.00 and 52-week low prices of Rs 554.00, respectively.

Kolkata Knight Riders (KKR) co-owner Juhi Chawla was represented by a ‘mystery girl’, her daughter Jahnavi Mehta at the IPL Auction 2025, held in Jeddah, Saudi Arabia. Jahnavi's appearance quickly became a trending topic on social media, with fans curious about her identity. Dressed in a white T-shirt and a dark velvet jacket, Jahnavi joined senior KKR team members as they participated in the bidding process. Her presence caught the attention of viewers, sparking widespread interest online. Many shared her pictures and videos, questioning who the young woman was.

Tata Power Company Ltd. 1.07 per cent to Rs 418.00 at 12:46PM (IST) in Monday's trade. The scrip hit a high of Rs 423.90 and low of Rs 417.25 so far during the session. The stock had closed at Rs 413.55 in the previous session. The counter had a total traded volume of 12:46PM shares so far with a turnover of Rs 10.86 crore on BSE. The stock traded at a price-to-earnings multiple of 35.64 and a price-to-book ratio of 3.89.

Navneet Munot, MD & CEO, HDFC AMC, says in the journey of Sensex from 1,000 to 75,000, we have seen many corrections and a bit of volatility is healthy for the market. Foreigners have lightened their positions and maybe as the results season kick in, maybe after a quarter or so, and people get more faith on the earnings for, let us say, FY26, FY27, FY28, coming back on track. Munot is pretty sure that investors would come back and India will always have some premium. One cannot compare other countries with a lower capital efficiency. India’s capital efficiency has been better, growth prospects have been better and the governance standards are better, and one has to pay some premium for that. What is the total AMC size right now, the AUM? Navneet Munot: It is over Rs 7.5 lakh crore. We have come a long way…

Voltas Ltd. 1.46 per cent to Rs 1677.15 in Monday's trade. It hit a high of Rs 1715.05 and low of Rs 1670.50 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1476.95, while the 50-DMA was at Rs 1791.08. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Siemens Ltd. 4.75 per cent to Rs 7180.00 in Monday's trade. It hit a high of Rs 7233.50 and low of Rs 6974.50 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 6459.65, while the 50-DMA was at Rs 7096.19. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bharat Electronics Ltd. 5.11 per cent to Rs 295.15 at 10:18AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 483,774 shares with a turnover of Rs 14.18 crore till 10:18AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 47.38, while the price-to-book value ratio stood at 9.02.

Bitcoin (BTCUSD) remains in focus to start the week as the cryptocurrency sits on the precipice of crossing the $100,000 mark for the first time.

central banks' continued demand for gold,” says Tarun Birani Founder and CEO TBNG Capital Advisors. In an interview with ETMarkets, Birani said: “Silver holds a unique position due to its dual role as a precious and industrial metal. Its demand is bolstered by applications in solar energy, electronics, and battery production” Edited excerpts:

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