GAGA Share Market News

[hfe_template id='11223'] [ad_1] HDFC Life Insurance Company’s annualised premium equivalent (APE) is expected to go up in the range of 10% to 17% on a year-on-year basis in Q4FY25, according to estimates given by three brokerages, which have estimated APE between Rs 5,214 crore and Rs 5,510 crore for the quarter ended March 31, 2025. The value of its new businesses (VNB) could go up by 10-14% in the said quarter, the estimates said. The estimates have been given by Mirae Asset Sharekhan, Yes Securities and Nuvama Institutional Equities. While Yes remains most conservative in its APE and VNB estimates, Nuvama remains most bullish in the pack. The private insurer’s profit after tax could go up by 31% on a YoY basis while rising by 28% on the QoQ basis, Sharekhan said. HDFC Life will announce its quarterly earnings on Thursday, April 17, 2025. Live Events Here’s what brokerages recommended: Sharekhan Sharekhan expects HDFC Life’s profit after tax (PAT) at Rs 540 crore in t...

[hfe_template id='11223'] [ad_1] P N Gadgil shares hit their 10% upper circuit in intraday trade, reaching Rs 621.05 on the BSE, after the firm reported its quarterly results for the first time since its listing on the exchanges. The company posted a 49.4% YoY surge in its profit after tax (PAT) for Q3FY25. The PAT stood at Rs 86.03 crore for the three months ending December 2024, compared to Rs 57.60 crore reported in the same period last year. Additionally, P N Gadgil’s revenue from operations rose 23.5% YoY to Rs 2,435.75 crore for the quarter, up from Rs 1,972.16 crore in the corresponding quarter of the previous financial year. The franchise revenue also grew to Rs 226.4 crore, reflecting an 86.6% year-on-year increase for Q3 FY25. On the EBITDA front, the company witnessed a 37.2% YoY increase. The EBITDA for the quarter reached Rs 129.77 crore, compared to Rs 94.58 crore in the same quarter of FY24. The EBITDA margin surged by 50 bps to 5.3%. 'Strong Same-Stor...

[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] Shares of Amber Enterprises surged 8.6% to reach their all-time high of Rs 7,482 on the BSE today following reports that the company is considering demerging its electronics division. According to reports by CNBC TV-18, Amber Enterprises will be demerging its electronics division, following which, it may float an IPO for the demerged unit. Bankers for the demerger and IPO of the electronics division have been appointed, the channel further reported. For the second quarter ended September 2024, Amber Enterprises’ electronics division reported a robust growth of 98% against the previous year, while the company’s operating EBITDA in Q2FY25 grew by 85% YoY, reflective of their blend of strategy for RAC and the components complimented with the growth in the electronic division. For the period ending September 30, 2024, the company recorded a profit after tax (PAT) of Rs 21 crore against a net loss of Rs 6 crore, posted in the corresponding per...

[hfe_template id='11223'] [ad_1] The shares of Nippon Life India Asset Management have surged by 10% to day’s high of Rs 739.80 on BSE post the announcement of Q2 results and interim dividend. The profit after tax for Q2 FY25 was recorded at Rs 3.60 billion, up by 47% on a yearly basis and up by 44% for H1 FY25. The operating profit was recorded at Rs 3.65 billion, up by 57% on a yearly basis and up by 58% for H1FY25. The total income stood at Rs 6.92 billion. The board has also approved declaration of an interim dividend of Rs 8 per equity share of Rs 10 each of the company and has fixed the record date as November 6, 2024 for the purpose of ascertaining the entitlement of the shareholders to the interim dividend. Dividend will be paid on and from November 14, 2024. The company has offered a total dividend of Rs 16.50 per share in FY24. The cumulative dividend offered in the last 10 financial years was recorded at Rs 51 bn. The company has reported the highest ever quar...

[hfe_template id='11223'] [ad_1] The board of Matrimony.com has approved a share buyback of Rs 72 crore at a price of Rs 1,025 per share, which is a 27.5% premium over Thursday’s closing price. Following the announcement, the stock surged 3% to a day’s high of Rs 829.55. “Board approved the proposal of buyback of 7,02,439 fully paid-up equity shares of face value Rs 5 (Rupees Five only) each of the Company (“Equity Shares”) of an amount not exceeding Rs 720 Million (Rupees Seven Hundred and Twenty Million only),” said the company in a filing to the exchanges. Further details on the buyback process, record date, and timelines will be announced in due course. As on August 30, the pre-buyback shareholding of the company states that 51.6% of the shareholding rests in the hands of the promoter and the promoter group while the remaining 48.4% is with the public shareholders such as mutual funds, foreign investors etc. This is the second instance of Matrimony.com conducting a b...