Ambuja Cements Q3 Results: Sharp contraction in margins, other income aids profit

Ambuja Cements’ standalone EBITDA per tonne fell 43% from last year to ₹595.

Ambuja Cements’ standalone EBITDA per tonne fell 43% from last year to ₹595.

Investor sentiment remained positive following the results, driving Indian Bank’s stock 5.56% higher to ₹543.25 on the BSE.

New CEO KVS Manian has brought in a change in Federal Bank’s business model. It could shrink the bank’s profitability in the short term. However, many on the street seem to believe that the risk-reward ratio is attractive. Scroll down…

The company’s leadership has expressed confidence in its long-term prospects, stating that CarTrade Tech is well-positioned for sustained growth in the future.

Vikash Kumar Jain, India Strategist at CLSA, is overweight on staples and commodities, underweight on industrials, IT, and healthcare, and has a small overweight in banks.

Out of the 12 analysts that have coverage on JSW Energy, seven of them have a “buy” rating, three say “hold”, while two of them have a “sell” rating.

Ahead of the issue, the company has raised ₹875.50 crore from anchor investors. Foreign institutions who participated in the anchor included Government of Singapore, Monetary Authority of Singapore, Government Pension Fund global, Invesco India Midcap Fund, Fidelity, The Nomura Trust,…

Hindusthan National Glass was undergoing Corporate Insolvency post the Kolkata NCLT order since October 2021.

Denta Water IPO shares to list today: Analysts advised investors who have been allocated shares to hold their positions with a medium- to long-term outlook.

Out of the six analysts that have coverage on Suzlon, five of them now have a “buy” rating on the stock, with Nuvama having upgraded the stock to “buy” post its results. The brokerage has a price target of ₹60…