On Wednesday, February 12, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open higher amid cautiousness tracking mixed global market performance. Check out a few stocks that might be in focus during the trading session. SAIL Steel Authority of India reported a 66% decline in consolidated net profit to ₹141.89 crore for …
Bharat Forge’s KSSL and L3Harris Technologies sign a two-year MoU to collaborate on advanced defence solutions for India, focusing on C4ISR technologies and supporting tactical communication for the Indian Armed Forces, the company said in a press release on the stock exchanges. KSSL-L3Harris MoU Details Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge …
FSN E-Commerce Ventures, the parent company of Nykaa, posted a strong performance for Q3 FY25, with a significant 51% year-on-year increase in net profit and a solid growth in consolidated revenue. FSN E-Commerce Ventures share price traded 1.82% higher at ₹172.52 at 9:45 AM on the NSE. Q3 FY25 Earnings Highlights FSN E-Commerce Ventures, the …
Rail Vikas Nigam Ltd (RVNL) has emerged as the lowest bidder for a ₹335.4 crore Kavach contract from South Western Railway. Despite this win, RVNL reported a 27% YoY decline in net profit for Q3 FY25. Project Details Rail Vikas Nigam Ltd (RVNL), a state-owned company, announced on Monday (February 10) that it has emerged …
Lupin announced that it has received approval from the US FDA for its Abbreviated New Drug Application for Ipratropium Bromide Nasal Spray, a generic equivalent of Atrovent Nasal Spray, with estimated annual sales of USD 22 million. USFA Approval Details Lupin Limited, a global pharmaceutical leader, announced today that it has received approval from the …
Bata India Ltd reported a slight increase of 1.2% in its consolidated net profit for the third quarter of FY24, reaching ₹58.7 crore. This compares to ₹57.97 crore in the same quarter last year. The profit was impacted by exceptional costs during the period. Revenue and Expenses The company’s revenue from operations grew by 1.69% …
Grasim Industries reported a 41% year-on-year (YoY) drop in net profit for the third quarter, reaching ₹899 crore. The decline was mainly due to higher interest and depreciation costs resulting from investments in the building materials sector. Revenue and EBITDA Performance Despite the profit drop, the company’s revenue from operations grew by 9% YoY to …
Several dividend-paying stocks, including Hero MotoCorp, Cochin Shipyard, ITC, and 7 others, will be in the spotlight during Tuesday’s trading session. These companies have recently announced interim dividends for their shareholders. Key Dividend Announcements The following companies have declared interim dividends and will trade ex-dividend on February 12, 2025, as per BSE data: Hero MotoCorp …
Indian Overseas Bank (IOB) has announced a revision in its External Benchmark Lending Rate (EBLR), following the Reserve Bank of India’s (RBI) recent decision to lower the Repo Rate. This adjustment aligns with the new monetary policy directive, effective from February 11, 2025. RBI’s Repo Rate Cut and Its Impact The Reserve Bank of India …
The Oil and Natural Gas Corporation Limited (ONGC), a prominent Indian central public sector undertaking, stands as the nation’s foremost government-owned explorer and producer of oil and gas. It commands approximately 70% of India’s domestic crude oil production and 84% of its natural gas output. ONGC has Partnered with BP In a strategic collaboration, ONGC …
