The consumer price index increased 3% in January from a year ago, Wednesday’s (February 12) report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.
On the lower end, the Nifty found support just above the previous swing low. Until the previous low of 22,786 is broken decisively, the chances are high that Nifty might recover towards 23,500–23,600 in the near term.
Vodafone Idea faces a major challenge as the Department of Telecommunications demands a ₹6090 crore bank guarantee by March 10, with the option of a cash payment of ₹5493 crore, to cover spectrum obligations since 2015, according to a CNBC-Awaaz…
The EBITDA margin contracted to 8.1% from 14.2% in Q3FY24. Shares of SKF India Ltd ended at ₹3,797.00, down by ₹89.10 or 2.29% on the BSE.
Ahead of the results announcement, shares of PTC India ended the day 2.36% lower at ₹132.35 on the BSE.
The company’s Q3FY25 EBITDA zoomed 78.2% YoY to ₹117.8 crore. The EBITDA margin expanded significantly to 38.4% versus 30.1% a year ago. Shares of Suven Pharmaceuticals Ltd ended at ₹1,050.10, down by ₹33.05, or 3.05%, on the BSE.
The conglomerate’s EBITDA jumped 113.75% YoY to ₹596.8 crore with the EBITDA margin expanding 12.4% in the reporting quarter versus 7.8% in Q3FY24. Shares of Godrej Industries Ltd ended at ₹812.10, down by ₹25.85, or 3.08%, on the BSE.
The company has invested $100,000 for the initial subscription of 100,000 shares, each valued at $1. Shares of Reliance Industries Ltd ended at ₹1,215.70, down by ₹18.90, or 1.53%, on the BSE.
The potential listing marks a significant move for Prudential, particularly in India, a key market the company sees as having substantial growth opportunities. Prudential is focused on expanding its presence in India’s rapidly developing financial sector.
Revenue from operations rose 11.3% while the EBITDA margin shrank 1%. Shares of ITD Cementation India Ltd ended at ₹531.30, up by ₹11, or 2.11%, on the BSE.