BPCL Q2 Results: Net profit a miss; share price falls 5%

The Average Gross Refining Margin (GRM) of the corporation for the half year ended September 30, 2024, is $ 6.12 per barrel as against $15.42 per barrel in the same quarter last year.

The Average Gross Refining Margin (GRM) of the corporation for the half year ended September 30, 2024, is $ 6.12 per barrel as against $15.42 per barrel in the same quarter last year.

Atul’s revenue surged 16.7% year-on-year to ₹1,392.8 crore, up from ₹1,193.7 crore in the same period a year ago.

Over the July-September period, ICICI Bank shares surged by 6%, significantly outperforming the benchmark Nifty 50, which gained only 1%. Analysts will closely watch the bank’s guidance on business momentum for the coming quarters.

The Nifty has corrected over 2,200 points from its peak made on September 27, while the Nifty Bank has declined 4,000 points.

HPCL’s EBITDA for the quarter came in at ₹2,724 crore, missing the poll forecast of ₹4,176 crore, but still marking a 29% increase from the ₹2,110 crore reported in the previous quarter.

JSW Steel’s’s consolidated capex spend during the second quarter of FY25 was ₹3,384 crore. Total spend for the first half of the fiscal was ₹7,850 crore.

Gargi Pal Chaudhuri, Head of iShares Investment Strategy Americas at BlackRock, suggested that the Federal Reserve might have been better off implementing 25 basis point increases in July and September rather than starting with a 50 basis point cut.

The company’s shares currently have a face value of ₹10. Shriram Finance has never carried out a stock split or issued bonus shares since its listing.

In 2024 alone, domestic gold prices have surged more than 23%, outpacing the returns from equities. So, should you invest now?

The financial industry has been under increased scrutiny in Korea, which outlawed short selling in its stock market a year ago.