Finshorts
Laxmi Dental’s ₹698 crore Initial Public Offering (IPO) will open on January 13, with a price band of ₹407-428 per share. The offering includes a ₹138 crore fresh issue and an Offer for Sale of 1.31 crore shares by promoters and investors like OrbiMed. Proceeds will repay debt and fund expansions. As a leading dental … Read more
Sobha Ltd reported a 29% year-on-year drop in Q3 FY25 sale bookings to ₹1,388 crore due to limited new launches and a high base effect. However, sales rose 17.8% sequentially. The average realization grew 31% YoY to ₹14,226 per sq ft, driven by price hikes and premium launches. The outlook remains strong, supported by urbanization … Read more
Sensex fell 236 points to 77,962, and Nifty declined 62 points to 23,645 in early trade on Wednesday due to continued Foreign Institutional Investor (FII) outflows of ₹1,491 crore and weak global cues. Investors remain cautious ahead of TCS’s quarterly results. Zomato, Adani Ports, and Tata Motors led the laggards, while Reliance Industries and ICICI … Read more
The National Statistical Office (NSO) projects India’s Gross Domestic Product (GDP) to grow by 6.4% in FY25, down from 8.2% in FY24. The estimate is also below the Reserve Bank of India’s forecast of 6.6%. Slower growth could impact market sentiment and industries reliant on economic expansion, such as infrastructure and consumption-driven sectors. Investors may … Read more
Kalyan Jewellers reported a 39% YoY increase in consolidated revenue for Q3 FY25, reaching ₹5,223 crore, driven by festive and wedding demand. India operations grew 41%, with same-store sales up 24%, while Middle East revenue rose 22%. The company opened 24 Kalyan showrooms and 23 Candere outlets in Q3. Plans include launching 130+ showrooms in … Read more
Digital wallet provider MobiKwik reported a net loss of ₹3.59 crore in Q2 FY25, compared to a ₹6 crore profit a year ago, citing increased investments for growth. Revenue rose 42% YoY to ₹294 crore, while expenses increased to ₹287 crore. EBITDA stood at ₹7 crore, reflecting margin improvements. Listed last month with a 57.7% … Read more
Foreign brokerage Jefferies downgraded Zomato to ‘Hold’ From ‘Buy’ with a reduced target price of ₹275, citing increased competition in quick commerce and concerns over profitability. The brokerage cut FY26-27 EBITDA estimates by 12-15%. While Bernstein remains optimistic with a ₹335 target, highlighting Zomato’s leadership in food delivery, Anand Rathi sees growth potential in Tier … Read more
DCX Systems shares rose 3.08% to ₹381 after securing a ₹483 crore export order from ELTA Systems, Israel, for Close-In Weapon System Module Assemblies. This boosts DCX’s order book and strengthens its global presence in defense manufacturing. The company’s stock has seen a 13% gain in the last week, reflecting positive investor sentiment. With 57.12% … Read more
Titan Company reported a 24% year-on-year standalone revenue growth in Q3 FY25, fueled by robust festive demand, especially in the jewellery segment, which grew 25%. Strong Diwali sales and higher gold prices boosted plain gold sales by 24%, while studded jewellery saw a 21% increase. The watches segment grew 13%, and EyeCare posted a 17% … Read more
Jubilant FoodWorks posted a 56.2% rise in consolidated revenue to ₹2,153.2 crore in Q3 FY25, driven by strong performance from Domino’s and other brands. Standalone revenue grew 18.9% year-on-year to ₹1,611.1 crore. Domino’s India saw 12.5% like-for-like growth, adding 60 stores, taking the total to 2,139. The company added 130 stores across its network, reflecting … Read more