Mahindra & Mahindra Q2 Results: Revenue rises 21% from last year, margin expands and beats estimates
M&M reported strong cash generation in the first half, delivering over ₹10,000 crore in operating cash flow.
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Mobikwik Q2 Results: Net loss widens to ₹29 crore, revenue declines
MobiKwik’s losses widened due to exceptional provisions made to cover fraud-related losses. The company made provisions worth ₹11.8 crore this quarter after detecting fraudulent transactions worth ₹40.4 crore in Q2 by certain users in Haryana.
Vodafone Idea still has a long climb ahead, says Axis Capital
Gaurav Malhotra, Executive Director at Axis Capital, said Vodafone’s recovery will be gradual since the company has underinvested for several years and now needs to rebuild its network and regain market share.
Dynamatic Tech shares turn positive for 2025 after becoming exclusive partner for L&T-BEL consortium
This collaboration will combine Dynamatic Technologies’ global expertise in complex aerostructures and sub-systems manufacturing for leading aerospace OEMs along with L&T’s engineering and BEL’s electronics expertise.
Bajaj Finance’s festive season loan disbursals jump 27% in volume, 29% in value
The festive loan momentum, the company said in an exchange filing, was driven by the positive impact of GST reforms and changes in personal income tax.
Buzzing Stocks: Four shares gaining over 10% in response to Q2 results
Shares of 3M India, Hitachi Energy India, TBO Tek, and Thangamayil Jewellery jumped between 11% and 18% amid strong operational performance and improved profitability.
Suzlon Energy Q2 Results: Tax write-back aids net profit, order book at record high of 6.2 GW
At the end of the September quarter, Suzlon Energy’s net cash position stood at ₹1,480 crore. EBITDA margin expanded by nearly 500 basis points from the same quarter last year.
Mahindra Manulife’s Krishna Sanghavi sees current consolidation as a setup for next growth phase
Krishna Sanghavi, CIO – Equities at Mahindra Manulife Investment Management, noted that India’s investment landscape is steadily evolving with the rise of new business models following GST reforms. He observed that organised players are increasingly capturing market share from the…
Hero MotoCorp shares decline 4% after lower-than-expected October sales
Hero MotoCorp is also in focus as it will be reporting its results for the September quarter next week, on November 13.
Stock Market Holiday on November 5: NSE, BSE to remain closed for Guru Nanak Jayanti
All market operations, including equity, derivatives, securities lending and borrowing, and currency derivatives, will remain suspended for the day on November 5, on account of Guru Nanak Jayanti.