GAGA Share Market News

[hfe_template id='11223'] [ad_1] Vedanta shares will be in focus on Saturday, February 1, after the company reported a 76% year-on-year (YoY) rise in consolidated net profit for the quarter ended December 31, 2024, at Rs 3,547 crore. Revenue from operations grew 10% YoY to Rs 38,526 crore, while consolidated EBITDA rose 30% YoY to Rs 11,284 crore. Margins improved by 517 basis points YoY to 34%. “We have delivered our highest-ever third-quarter EBITDA. Our strategic focus on cost optimization and production ramp-up across our key businesses has helped us continue delivering this outperformance," said Arun Misra, Executive Director, Vedanta. Also Read: Stocks in news on Budget day: ITC, Sun Pharma, Vishal Mega Mart, Infosys, Hero MotoCorp, HUL, RVNL, IRCTC Revenue growth during the quarter was driven by favourable market prices and higher premiums. The strong operating performance was mainly due to structural cost-saving initiatives across businesses, favorable outpu...

[hfe_template id='11223'] [ad_1] IndusInd Bank shares jumped 1.5% on the BSE today, reaching a day’s high of Rs 1,007.50 after the lender reported a 39% year-on-year (YoY) decline in standalone net profit for Q3FY25, dropping to Rs 1,401 crore from Rs 2,298 crore a year ago. Despite the decline, the profit after tax (PAT) surpassed street estimates of Rs 1,282 crore. The bank's interest income rose 11% YoY to Rs 12,801 crore in Q3FY25 from Rs 11,572 crore in the same quarter last year. On a consolidated basis, PAT fell 39% YoY to Rs 1,402 crore from Rs 2,301 crore. Net interest income (NII) declined to Rs 5,228 crore in Q3FY25 from Rs 5,296 crore in Q3FY24, while net interest margin (NIM) contracted to 3.93% from 4.29% a year ago and 4.08% in Q2FY25. The yield on assets stood at 9.63%, down from 9.75% in the year-ago quarter, while the cost of funds rose to 5.70% from 5.46% YoY. Also Read: Stocks in news on Budget day: ITC, Sun Pharma, Vishal Mega Mart, Infosys, Hero...

[hfe_template id='11223'] [ad_1] As the D-Street trains its guns on Budget 2025, due for announcement in a few hours, top brokerages have suggested themes for investors that could turn into potential winners. While the impact of the budget on stock markets has been on a falling curve over the past many years with the government undertaking reforms outside the purview of the annual financial plan, the expectation this time is of a balancing act between infrastructure spending and social reforms, say brokerages. There is a consensus view that the government could increase capex allocation by 10-15% for FY26. Moreover, the Street will cheer the government sticking to a fiscal deficit target of 4.5%. Brokerages expect a slew of announcements for financials, defense, railways, power, health, consumption and automobiles. "The budget is expected to prioritise high-speed rail projects, electrification, modernisation, and green initiatives, alongside enhancing tourism-focuse...

[hfe_template id='11223'] [ad_1] Shares of Waaree Energies climbed as much as 14.4% on Friday to Rs 2,505.85 on the BSE, after the renewable energy firm reported a 296% year-on-year (YoY) jump in consolidated net profit for Q3FY25. The company posted a net profit of Rs 493 crore for the quarter ended December 2024, compared to Rs 124 crore in the same period last year. Revenue from operations stood at Rs 3,457 crore, marking a 117% increase from Rs 1,596 crore in Q3FY24. However, on a sequential basis, revenue declined by 3.2% from Rs 3,574 crore in the previous quarter (Q2FY25), while profit after tax (PAT) rose 36% from Rs 362 crore. Despite a significant rise in profitability, total expenses increased to Rs 2,855 crore in Q3FY25, compared to Rs 1,517 crore a year earlier. However, expenses declined quarter-on-quarter from Rs 3,165 crore in Q2FY25. The company also reported a 257% YoY surge in EBITDA, with margins expanding to 22.84% from 13.73% in Q3FY24. Meanwhile, i...

[hfe_template id='11223'] [ad_1] D-Street expects the government to continue its capex led growth while balancing fiscal consolidation with India's growth needs. A fiscal deficit target of 4.5% could cheer the stock markets, brokerages say as they expect a slew of announcements for financials, defense, railways, power, health, consumption and automobiles. The markets are also expecting the FM to not tinker with STT or LTCG taxes as any hike could deter retail and foreign participation, opine brokerages. ETMarkets has compiled a list with 75 stocks from five brokerages which they said could generate handsome returns for investors. There are also a dozen stocks which fall into the 'stocks to watch out for' category. Here's what brokerages recommend: SKI capital SKI capital has identified 20 stocks as its budget picks across sectors. "The budget is expected to prioritise high-speed rail projects, electrification, modernisation, and green initiatives, al...

[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy climbed as much as 5% on Friday to reach Rs 58.15 on the BSE, extending their rally for a third consecutive session. The stock has gained nearly 16% over the past three days, driven by the company’s impressive third-quarter earnings report. The renewable energy firm reported a 90% year-on-year (YoY) jump in net profit to Rs 386.92 crore for the quarter ended December 2024. Revenue from operations surged 91% YoY to Rs 2,968.81 crore, up from Rs 1,552.91 crore in the same quarter last year. In comparison, Suzlon had reported a net profit of Rs 203.04 crore in Q3 FY24. Total income for Q3 FY25 also saw a sharp 91% YoY rise to Rs 3,002.36 crore from Rs 1,569.71 crore in the previous year’s corresponding quarter. The company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8%. Suzlon recorded its highest-ever quarterly deliveries, achieving 447 MW in Q3 FY25. The wind turbine generator segment was...

[hfe_template id='11223'] [ad_1] As India gears up for its FY26 Union Budget on February 1, Zerodha co-founder and CEO Nithin Kamath urged traders to exercise caution ahead of the Budget announcement on Saturday, warning of heightened market volatility. Kamath, in a post on X, formerly known as Twitter, advised traders to reduce their position sizes if they cannot refrain from trading altogether on such event-heavy days. “The budget day is tomorrow, and yes, there is trading on a Saturday. Markets are bound to be volatile, so trade with caution,” Kamath posted on X. “If you are an active trader, I guess you should reduce trading size during event days. That is, if you cannot stop yourself from trading.” So, the budget day is tomorrow, and yes, there is trading on a Saturday. Markets are bound to be volatile, so trade with caution. If you are an active trader, I guess you should reduce trading size during event days. That is, if you cannot stop yourself from trading. By t...

[hfe_template id='11223'] [ad_1] The shares of SRF rallied 8.5% in the last 2 days to hit their new 52-week high of Rs 2,893.20 on the BSE after posting impressive financial results for the third quarter of fiscal year 2025 (Q3 FY25), witnessing a substantial year-on-year (YoY) growth in key profitability metrics. The company’s profit after tax (PAT) increased by 7% YoY, reaching Rs 271 crore in Q3 FY25, up from Rs 253 crore in the corresponding period last year. SRF’s revenue increased by 14% YoY, rising from Rs 3,053 crore in the corresponding period last year to Rs 3,491 crore in Q3 FY25. Meanwhile, the company’s Earnings before interest and tax (EBIT) also saw healthy growth, climbing 16% YoY to reach Rs 529 crore, compared to Rs 457 crore in the same quarter of the previous year. The company also declared a second interim dividend of Rs 3.60 per share for its shareholders. The Chemicals business reported an increase of 7% YoY in its segment revenue to Rs 1,496 crore...

[hfe_template id='11223'] [ad_1] The Indian stock market will remain open for a special trading session on Saturday, February 1, 2025, as Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26. The National Stock Exchange (NSE) and the BSE confirmed in a circular issued Monday that trading will take place as per regular market hours. Stock market timings on Budget day On Budget day, pre-market trading will begin at 9:00 AM and continue until 9:08 AM, followed by equity market trading from 9:15 AM to 3:30 PM. Commodity derivatives trading will remain open until 5:00 PM. However, despite the market operating as usual, February 1, 2025, is a Settlement Holiday, meaning trades and fund transactions from January 31 and February 1 will be settled on Monday, February 3, 2025. The T+0 settlement session will also remain suspended for the day. Why is the stock market open on Budget day? The decision to keep the market open on a Saturday aligns with past practices w...

[hfe_template id='11223'] [ad_1] Mumbai: Equinox India Developments (formerly Indiabulls Real Estate) raised ₹950 crore on Thursday through non-convertible debentures (NCDs) to fund Indiabulls Greens & Park in Panvel. The 48-month NCDs, issued by Lucina Land Development (LLDL), offer an interest rate of 13.00% and are backed by corporate guarantees from Equinox India, Sion Developers, Citra Properties and RGE Constructions. Indiabulls Park (Phase 2) spans 53 acres in Panvel and is being developed under the MMRDA Lease Rental Housing Scheme of the Maharashtra government. The project has a saleable area of 27.07 lakh sq. ft. and is being developed by LLDL. The NCDs hold IVR A- (CE)/stable rating from Infomerics, supported by corporate guarantees. To manage credit risk, the coupon rate will adjust by 25 basis points (0.25%) per rating notch, increasing in case of a downgrade and decreasing upon an upgrade. A three-notch downgrade would trigger an accelerated redemption ...

[hfe_template id='11223'] [ad_1] Mumbai: The Securities and Exchange Board of India (Sebi) has clarified that financial influencers cannot use live stock market data for educational purpose. It said educators can only use stock price data with a three- month lag. "Such person (someone who is engaged solely in education) should not be using the market price data of the preceding three months to speak/talk/display the name of any security including using any code name of the security in his/her talk/speech, video, ticker, screen share etc. indicating the future price, advice or recommendation related to security or securities," Sebi said in a circular. The move is aimed at regulating financial influencers who offer real-time trading advice disguised as education. Last year, Sebi came out with rules which mandated that any person providing advice directly or indirectly on securities has to first register with it. Stock Trading Maximise Returns by Investing in the ...

[hfe_template id='11223'] [ad_1] Markets exhibited high volatility on the monthly expiry day but managed to extend its winning streak for the third consecutive session. In today's trade, shares of Nestle, Vedanta, L&T, Motilal Oswal, Greenlam Industries among others will be in focus due to various news developments and third quarter results. Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta, Marico Shares of Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta and Marico will be in focus as the companies will announce their third quarter results today. L&T Larsen & Toubro (L&T) reported a 14% year-on-year growth in its December quarter consolidated net profit at Rs 3,359 crore versus Rs 2,947 crore posted in the year ago period. Tata Consumer Tata Consumer Products reported a flattish net profit growth in the third quarter at Rs 279 crore. This compares with Rs 279 crore in the same quarter of last year. Motilal Oswal Markets regulator Sebi on ...

[hfe_template id='11223'] [ad_1] Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc. A gauge of Asian shares fell after two daily advances, and despite gains for Australian equities. Markets in mainland China, Hong Kong and Taiwan remain closed for the Lunar New Year holiday. SK Hynix Inc. and Samsung Electronics Co. fell, weighing on Korea’s Kospi. Futures for the S&P 500 and Nasdaq 100 rose Friday after the two underlying benchmarks each rose 0.5% Thursday. Gains for US contracts were helped along by a post-market rally for Apple after the iPhone maker showed revenues exceeding estimates. Earnings for mega-cap tech companies face heightened scrutiny given the heavy selling in stocks associated with artificial intelligence earlier this month. Nvidia shares rose Thursday but remained on track for the worst week since September. “This bull market is still ‘breathing,’ and we should expect more stock pa...

[hfe_template id='11223'] [ad_1] Shares of Senco Gold may remain in focus on Thursday as the company had announced a 1:2 stock split earlier, fixing January 31 as the record date for determining shareholder eligibility. “The Board of Directors of the company at their meeting held today i.e. 15th January 2025 has fixed the Record Date as mentioned below for the purpose of sub-division/ split of the equity shares of the company, such that 1(one) equity share having face value of Rs 10 (Rupees Ten only) each, fully paid up will be sub-divided/ split into 2(two) equity shares having face value of Rs 5 (Rupees Five only) each, fully paid-up: record date: 31/01/2025 (Friday),” the exchange filing read. A 1:2 stock split means that for every 1 share an investor holds, it will be split into 2 shares. This effectively doubles the total number of shares held by shareholders, while the stock's price is halved. The overall value of the investment remains the same, as the split o...

[hfe_template id='11223'] [ad_1] Shares of the state-owned Coal India may remain in the spotlight today as the stock will start trading on an ex-dividend basis from tomorrow, i,e. January 31, which was fixed as the record date for determining the shareholder eligibility by the company. “The Board of Directors at its meeting held on date has inter alia, declared 2nd Interim Dividend for the financial year 2024-25 @ Rs 5.60/- per equity share on the face value of Rs 10/- as recommended by the Audit Committee of CIL at its meeting held on date. As already intimated to stock Exchanges vide letter no CIL:XI(D):4157/4156:2025 dated 15.01.2025, the company has fixed Friday, 31st Jan’ 2025 as the “Record Date” for the purpose of declaration of 2nd Interim Dividend on equity shares for the Financial year 2024-25,” the company said in a previous exchage filing. It was additionally informed that the payment of the above mentioned dividend will be made to the eligible shareholders o...

[hfe_template id='11223'] [ad_1] With the record date for its 1:1 bonus share issuance set for tomorrow, January 31, Indraprastha Gas Ltd (IGL) shares are expected to garner significant attention in Thursday's trading session. Therefore, the investors must purchase shares today to qualify for the aforementioned bonus issue. “This is further to our previous letters dated December 10, 2024 and January 16, 2025 intimating the approval by the members for issue of bonus shares in the ratio of 1: 1. In this regard, this is to inform that the Bonus Issue Committee has fixed Friday, January 31, 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of the said Bonus,” said the company in its previous filing to the stock exchanges. Additionally, the company will allot the said bonus shares to the entitled shareholders on February 3. The record date is determined by the company to identify shareholders eligible for an offer. To qualify f...

[hfe_template id='11223'] [ad_1] The third quarter earnings season is underway and about 133 companies will announce their results on Thursday. Key results to watch out include from L&T, Bajaj Finserv, Adani Ent, Adani Ports, Tata Consumer, Waaree Energies and Dabur. Apart from the above, companies like Astral, Aditya Vision, Bajaj Holdings, Bank of Baroda, BEL, Biocon, CARE Ratings, Dodla Dairy, Elicid Investments, Indegene, Kalyan Jewellers, PB Fintech, Praj Industries and a few others will also declare their quarter results. L&T Q3 expectations Infrastructure major Larsen and Toubro (L&T) is likely to report solid growth in earnings in the third quarter, led by the core engineering and construction segments. Revenue from operations is likely to jump 20% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) is seen rising 24% YoY. Analysts expect a 24% YoY growth in core EPC revenues as the weakness in domesti...

[hfe_template id='11223'] [ad_1] JBM Auto shares are likely to be in focus on Thursday after the company announced a 1:2 stock split, with January 31 set as the record date to determine shareholder eligibility. “Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has fixed Friday, 31st January, 2025 as the “Record date” for determining the eligibility of members for the purpose of sub-division/Split of the equity shares of the Company from Face Value of Rs. 2/- each fully paid-up to Face Value of Re. 1/- each fully paid-up,” the company’s filing to the stock exchanges said. A 1:2 stock split means that for every 1 share an investor holds, it will be split into 2 shares. In JBM Auto’s case, one share of face value of Rs 10 will be split into 2 shares of a face value of Rs 5 each. This effectively doubles the number of shares held by shareholders, while halving the stock's price. ...

[hfe_template id='11223'] [ad_1] Bajaj Finance shares will be in focus on Thursday, January 30, after the company reported a 17% year-on-year (YoY) increase in consolidated net profit for the December quarter. The profit stood at Rs 4,247 crore, compared to Rs 3,639 crore in the same period last year, surpassing ET Now’s poll estimate of Rs 4,227 crore. The total revenue from operations in Q3FY25 reported by the metal major stood at Rs 16,035 crore which was up by 13% over Rs 14,164 in the corresponding quarter of the previous financial year. The net interest income (NII) of Bajaj Finance increased by 23% in Q3FY25 to Rs 9,382 crore from 7,655 crore in Q3FY24. Bajaj Finance's Assets under management (AUM) grew by 28% to 398,043 crore as of December 31, 2024 from 310,968 crore as of December 31, 2023. The AUM grew by 24,119 crore in Q3FY25. The number of new loans booked in Q3FY25 was highest ever at 12.06 million, the company filing claimed. In the year ago period th...

[hfe_template id='11223'] [ad_1] Short-term traders are proving eager to bet on a rapid recovery in Nvidia, pouring money into the three largest leveraged exchange-traded funds which are linked to gains in the share price of the AI chipmaking giant. Speculators and traders flocked to buy leveraged funds which aim to deliver double the daily return in Nvidia, asset managers said on Tuesday. The company's stock suffered the biggest one-day fall in market capitalization in history on Monday in response to news that China's DeepSeek launched a new artificial intelligence model. "We had about $1 billion of inflows into our long product," said Will Rhind, founder and CEO of GraniteShares, referring to the largest of these funds, the GraniteShares 2x Long NVDA Daily ETF. That wasn't enough to offset the impact of Nvidia's massive selloff on its assets, which shrank to about $4.3 billion from a high north of $6 billion last year. Each of the four Nvidi...

[hfe_template id='11223'] [ad_1] Suzlon Energy shares surged 5% in early trade to hit the upper circuit at Rs 52.76 in intraday trade on Wednesday after the company reported a 90% year-on-year (YoY) surge in net profit to Rs 386.92 crore for the quarter ended December 31, 2024. Revenue from operations also saw a sharp increase of 91% YoY, reaching Rs 2,968.81 crore. The company’s revenue from operations during the December 2023 quarter was Rs 1,552.91 crore, while the renewable energy firm had reported a profit of Rs 203.04 crore in the third quarter of the previous year. Suzlon Energy’s total income for Q3 FY25 rose sharply by 91% YoY to Rs 3,002.36 crore, compared to Rs 1,569.71 crore in the same quarter last year. Notably, the company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8% during the quarter. Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy Suzlon said it recorded its highest-ever quarterly deli...

[hfe_template id='11223'] [ad_1] Bajaj Auto shares zoomed 4.56% to their day's high of Rs 8,775.40 on the BSE on Wednesday, January 29, after the company reported a 3% year-on-year (YoY) growth in its standalone net profit, reaching Rs 2,109 crore for the quarter ended December 2024. Revenue from operations increased by 6% to Rs 12,807 crore. On a sequential basis, profit after tax rose 5% from Rs 2,005 crore posted in the preceding September quarter. Revenues, on the other hand, fell 2% quarter-on-quarter. The revenue growth on a YoY basis was driven by strong exports and a buoyant domestic green energy portfolio. Operating profit, as measured by EBITDA, was up 6% YoY to Rs 2,581 crore. Margins expanded 10 basis points YoY to 20.2% as favorable USD/INR realization and dynamic P&L management essentially on judicious pricing and cost efficiencies, offset the significant investments being made behind strategic priorities. Also Read: Stocks in news: Bajaj Finance, ...

[hfe_template id='11223'] [ad_1] Bharat Heavy Electricals Ltd (BHEL) shares rallied 4.5% to an intraday high of Rs 196.10 on BSE today, Jan 29, 2025 after the state-owned company reported a 123.5% year-on-year (YoY) jump in net profit to Rs 134.7 crore for the quarter ended December 31, 2024, driven by higher revenues. In the same quarter last year, BHEL posted a net profit of Rs 60.3 crore. Revenue from operations surged 32.2% YoY to Rs 7,277.1 crore, compared to Rs 5,503.8 crore in the year-ago period. Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy At the operating level, EBITDA rose 40.6% YoY to Rs 304.3 crore, up from Rs 216.5 crore in Q3 FY24. The EBITDA margin stood at 4.2%, compared to 3.9% in the corresponding quarter of the previous fiscal. "The financials for the nine months ended December 31, 2023, have been restated in line with the change in accounting policy by the company in FY 2023-24, with respect to factorin...