Finshorts
HCL Tech’s stock slumped nearly 10%, erasing ₹46,987 crore in market value, after Q3 earnings and guidance disappointed investors. Despite a 5.54% rise in net profit to ₹4,591 crore and revenue growth of 3.56%, revenue guidance was only marginally raised to 4.5-5%. Weak performance and subdued sentiment impacted IT stocks like Infosys and Tech Mahindra. … Read more
The Indian rupee appreciated 21 paise to 86.49 against the US dollar, recovering from a historic low. This was supported by easing crude oil prices and positive Consumer Price Index inflation data at 5.22% for December. Domestic equity markets showed recovery, with the Sensex rising 364.90 points. However, sustained foreign institutional investor outflows of ₹4,892.84 … Read more
Urja Global’s Q3 FY25 net profit fell 45% to ₹48.64 lakh due to a significant expense rise, which doubled to ₹20.11 crore. Despite higher costs, total income grew 82.5% year-on-year to ₹20.64 crore, up from ₹11.31 crore in Q3 FY24. Investors may remain cautious as higher operational costs weigh on profitability, even with revenue growth … Read more
Himadri Speciality Chemical posted a 31.55% increase in net profit at ₹141.94 crore for Q3 FY25, driven by robust export growth. Revenue grew 7.53% to ₹1,131.81 crore. The company plans a ₹120 crore investment in a new facility for high-value specialty products. The expansion of carbon black capacity to 2,50,000 metric tonnes per annum by … Read more
The rupee lost 58 paise to a historic low of 86.31 against the US dollar, driven by strong US job data, rising crude oil prices at $80.91 per barrel, and continued foreign outflows of Rs 2,255 crore. With the Sensex down 550 points, negative domestic equity performance further weakened sentiment. Elevated US treasury yields and … Read more
The Laxmi Dental Ltd initial public offering received a subscription of 1.66 times on its opening day, with retail investors oversubscribing by 5.35 times. The IPO, priced at ₹407-₹428 per share, closes on January 15 and aims to raise ₹698 crore, including ₹138 crore from fresh issuance. Proceeds will repay debt, fund capital expenditure, and … Read more
Avenue Supermarts, owner of D-Mart, reported a 4.8% rise in Q3 FY25 net profit to Rs 724 crore, while revenue grew 17.7% to Rs 15,973 crore. PAT margins dipped to 4.5% from 5.1% a year ago due to increased discounting in the FMCG category. DMart Ready online sales rose 21.5% in 9M FY25, with home … Read more
EMA Partners India’s IPO opens from January 17 to January 21, 2025, with a price band of ₹117-₹124 per share and a lot size of 1,000 shares. The company aims to raise Rs 76 crore, including a fresh issue of Rs 66.14 crore and an offer for sale of 7.96 lakh shares by promoters. Proceeds … Read more
Just Dial Ltd, now part of Reliance Retail Ventures Ltd, reported a 42.7% jump in net profit to Rs 131.31 crore for Q3 FY25, driven by an 8.4% rise in revenue to Rs 287.33 crore. The company achieved its highest-ever quarterly revenue, reflecting strong digital services growth. Focused on empowering small and medium enterprises, Just … Read more
The International Monetary Fund (IMF) forecasts a weaker Indian economy in 2025, while global growth remains steady. IMF Chief Kristalina Georgieva highlighted trade policy uncertainties, especially under the incoming Trump administration, which plans additional tariffs on key trading partners. High global interest rates and inflation challenges could impact emerging markets like India. Investors may see … Read more