Priyanka Roy

Bandhan Bank shares surged 5% in early trade on Friday after global brokerage firm CLSA upgraded the stock to ‘High-Concept Outperform’, estimating a massive upside potential of 61%.CLSA sets a price target of Rs 220 for the stock, supported largely by the lender’s outperformance compared to peers in the current MFI (Micro Finance Institution) cycle. The MFI sector has been grappling with persistent challenges and constraints over the last five-six months, resulting in a significant deterioration in asset quality.Going forward, CLSA believes that the Indian microfinance sector will recover from bad to less bad in a few quarters and from…

Shares of foodtech giant Swiggy jumped nearly 7% to Rs 370.90 during the intraday trading session on the BSE today (February 19).The surge in its share price coincided with a surge in the broader market. The Sensex is up 0.068% at 76,018.91, while the Nifty is volatile and is trading 0.020% lower at 22,940.65 at 11:11 am.With the surge in Swiggy's share price, its market capitalisation reached Rs 83,576 crore at the time of writing and over 1 crore volumes had been traded by then.The stock has closed in the green in three of the last five sessions. Swiggy had…

Overall, imports rose 32 percent to USD 50 billion from April to January this fiscal, as against USD 37.85 billion in the same period last fiscal. The rise in imports also reflects strong investor confidence in the precious metal as a safe-haven asset. Additional factors include asset diversification in gold amid global uncertainties, rising demand from banks and reduction in customs duty. The price of the yellow metal has risen 11 percent this year, reaching Rs 88,200 for every 10 grams in the national capital. India's gold imports, impacting the country's current account deficit (CAD), rose 30 percent to USD…

GlaxoSmithKline (GSK) Pharmaceuticals on Friday announced a 402 per cent year-on-year (Y-o-Y) increase in consolidated net profit for the December quarter (Q3 FY25) to Rs 228.58 crore, up from Rs 45.49 crore in the same period last year. The company’s revenue from operations rose to Rs 946.36 crore, a 17.5 per cent Y-o-Y increase from Rs 804.98 crore in Q3 FY24. Sequentially, the company’s net profit fell 8.08 per cent, whereas revenue declined 5.4 per cent, from Rs 248.68 crore and Rs 1,000.05 crore, respectively, reported in Q2 FY25. The performance is attributed to the company's strong growth across key product portfolios. GSK…

Online travel service provider Easy Trip Planners Ltd on Friday (February 14) reported a 26.3% year-on-year (YoY) decline in net profit for the third quarter ended December 31, 2024, to ₹45.6 crore from the same quarter in FY24. Revenue from operations declined 6.5% to ₹150.5 crore as against ₹160.9 crore in the same period last fiscal. At the operational level, EBITDA (earnings before interest, tax, depreciation and amortization) declined 21.8% YoY to ₹47.7 crore from ₹61 crore in Q3FY25, while EBITDA margin declined to 31.7% from 37.9% in the same quarter last fiscal. For the nine months ended December 31,…

Swiggy shares jumped as much as 8% in Thursday's trade, according to media reports. According to media reports, about 5,000 merchants will face a 2% hike in the commission they pay to the company. The report indicated that Swiggy is implementing rate adjustments for partner merchants operating under the old commission model. On Thursday, Swiggy shares recorded their best rise in two weeks. However, the stock lost some of its intraday gains, closing at ₹365.50, up 7.1% on the NSE. The food-tech giant had earlier informed select restaurant partners via email that the standardisation would be effective from February 16,…

Shares of Ashok Leyland, a leading commercial vehicle maker and the Indian flagship of the Hinduja Group, jumped nearly 7% during intraday trade after the company reported its highest ever net profit of ₹762 crore in the December quarter. The company's standalone net profit in the third quarter of the current fiscal year rose 32% year-on-year to ₹762 crore compared to ₹575 crore in the same period last year. The company's net profit in the previous September quarter of 2024 was ₹770 crore. Ashok Leyland's revenue rose to ₹9,479 crore in the quarter under review compared to ₹9,273 crore in…

Indian Railway Catering and Tourism Corporation (IRCTC), the catering and ticketing arm of the Indian Railways, reported December quarter earnings on Tuesday. For the quarter under review, the company's standalone net profit stood at Rs 341 crore, up nearly 14 percent from Rs 299.9 crore reported in the same period last year.The topline also rose to Rs 1,224.65 crore, reflecting a growth of nearly 10 percent over the same period last year. In Q3FY24, the state-run entity's revenue from operations stood at Rs 1,115.4 crore.The total expenses of the railway entity also rose during the quarter under review to Rs…

Delhivery shares fell as much as 5% during trading on Monday, February 10.The company reported its Q3 earnings after the market opened on Friday, February 7.The company's net profit rose 113% to ₹25 crore in the third quarter from ₹11.7 crore last year. Its revenue grew 8.4% to ₹2,378.3 crore. Its revenue was ₹2,194.4 crore in the third quarter of the previous fiscal.The company's earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.2% to ₹102.4 crore as against ₹109.2 crore in the previous fiscal.Its margins stood at 4.3% as against 5% last year.MD and CEO Sahil Barua said, "Profitability…

New Delhi: Energy and mobility leader Amara Raja Energy & Mobility Ltd (ARE&M) on Saturday reported revenue of Rs 3,164.02 crore for the third quarter of the current financial year (FY25), up 27% over the same period last year at Rs 422.16 crore. The company's earnings per share (EPS) grew 23% year-on-year on revenue of Rs 17.04. However, operating margins were impacted due to higher power expenses as a result of fuel and power purchase cost adjustments (FPPCA) approved by the Andhra Pradesh Electricity Regulatory Commission. Amara Raja's automotive and industrial battery businesses have performed strongly, particularly in the aftermarket…