HDFC AMC Q3 results: Net profit jumps 31%, revenue up 39%
Revenue surged 39.2% to ₹934.6 crore, up from ₹671.3 crore year-on-year.
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Nifty snaps four-day losing streak amid worries about rupee, foreign outflows
The Nifty 50 ended 90 points higher at 23,176. The BSE Sensex also gained 170 points to close at 76,500. The blue-chip indices both lost about 1.4% in the previous session.
Shares of this online travel aggregator may jump another 25% on multiple positive triggers
Going ahead, the travel market in lower tier cities is expected to grow significantly faster than that in tier-1 cities due to improving infrastructure and connectivity across various travel modes. ixigo could be a major beneficiary of these trends due…
CONCOR Q3 Update: PSU stock jumps despite key parameters remaining below FY25 guidance
Domestic volumes increased by 18% in the same period, against the guidance of 25%.
Piramal Enterprises shares jump 7.5% on $140 mn deal from Molecular Imaging sale
Piramal Enterprises will receive $140 million in FY26 from the sale of Life Molecular Imaging Ltd, with potential future earnouts up to $200 million. Shares rose 7.5% on the announcement.
NTPC Green Energy shares jump 10%, the most in two months after re-testing IPO price
As of Monday, NTPC Green’s Relative Strength Index (RSI) had slipped to levels of 36, meaning the stock had nearly declined into “oversold” territories. An RSI reading below 30 indicates that the stock is “oversold.”
PSU Bank Stake Sale: Government approves ₹10,000 crore QIP plan for five lenders — Exclusive
Other than Bank of Maharashtra, four other lenders, Punjab & Sind Bank, Indian Overseas Bank, UCO Bank and Central Bank of India have received approval to raise funds, sources said.
This economist sees the rupee hitting 88 to a dollar within the next 9-12 months
Samiran Chakraborty, Chief Economist for India at Citi, expects US Fed rate cuts to begin from February, driven by moderating inflation.
MSCI Rejig: Paytm may re-enter standard index, Coforge another inclusion candidate
The MSCI India Standard Index rejig is scheduled on February 11, post the market hours. The changes will be effective from March 3, 2025.
Adani Green Energy, Adani Power shares lead gains among group stocks on Tuesday
Last week, brokerage firm Ventura Securities wrote in a note about Adani Ports, where it projected a 50% upside on the stock over the next 24 months. It recommended buying for a price target of ₹1,674.