News - The Purbottar

06 Feb

Angel One shares progress 7% after firm’s January business update

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Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share. The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024. Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore…

05 Feb

Thomas Cook shares plunge 12%, firm’s Q3 net profit drops 40% to Rs 50 crore

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Thomas Cook shares fell over 12 percent on February 4, a day after the company announced its Q3 FY25 earnings results. The company reported a massive drop of nearly 40 per cent in its Q3 net profit after market close on February 3. Shares of Thomas Cook (India) Ltd are trading at Rs 143.95 at 11.24 am. This represents a decline of 12.01 percent from the stock's previous close price. Thomas Cook's consolidated results for the quarter ended December 2024 saw a rise in sales, growing 8.87 percent to Rs 2,061.01 crore as compared to Rs 1,893.13 crore in the…

04 Feb

Greaves Electric Mobility sees sales jump in January

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Greaves Electric Mobility Ltd (GEML), the e-mobility arm of Greaves Cotton Ltd, reported robust sales in January. Under the company's flagship Ampere brand, it sold 3,611 units in January, making it the 5th best-selling electric two-wheeler brands in India, according to the vehicle portal. The manufacturer reported a 53% year-on-year growth and a 27% month-on-month growth, driven primarily by sales of its premium family electric scooters - Nexus and Magnus Neo. Overall, retail growth for Ampere (including slow-speed vehicles) stood at 38% month-on-month, which is higher than the industry growth average. The Magnus Neo, the updated variant of the recently…

03 Feb

UPL shares upgrade 5% after Investec rose rating to ‘buy’, raises price target to Rs 700

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UPL shares jumped over 5 per cent after global brokerage Investec upgraded its rating on the stock to 'buy' from an earlier 'sell' call, and hit a 52-week high of Rs 636.80 on February 3. Apart from the rating upgrade, Investec also raised its price target for the stock to Rs 700, significantly higher than the previous target of Rs 450. Investec's optimism towards UPL is driven by expectations that the company will successfully reduce its overall debt levels in FY25. UPL's net debt stood at Rs 27,531 crore as of September 2024. The brokerage is also confident that UPL…

01 Feb

Ola Electric Mobility shares jump 12%, back close to IPO price on new launches

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Shares of Ola Electric Mobility Ltd jumped as much as 12% on Friday, January 31, after the company launched new vehicles and announced more launches in the near future. With Friday's surge, the stock is back close to its IPO price of ₹76. As of Thursday's close, Ola Electric Mobility shares were down 57% from their post-listing peak of ₹157. The company today launched the Ola Electric Gen 3, with MD and CEO Bhavish Aggarwal saying the company has again become a leader in terms of EV two-wheeler market share. Aggarwal also said that while the competition got "a bit…

31 Jan

H&M profit rises despite revenue drop

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The Swedish H&M group saw its group revenue decrease by 1% in the fourth quarter and the full year. Nevertheless, the company managed to increase its profit. After a challenging period, the fashion giant believes it is back on the right track. Slow but profitable year-end In the fourth quarter, H&M's net revenue fell slightly to 62.2 billion Swedish kronor (5.4 billion euros), despite a 4% increase in December. The late arrival of Black Friday meant that most of its revenue was recorded in December, unlike the previous year. Gross margin rose slightly to 54.6% from 53.7%, while gross profit…

30 Jan

Suzlon Energy shares jump 5% for second day; one analyst sees stock at ₹80

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Shares of wind energy solutions provider Suzlon Energy Ltd are hitting an upper circuit of 5% for the second consecutive day.With Thursday's surge, the stock has gained 10% in the last two trading sessions. The move has also taken the company's market capitalisation to over ₹75,590 crore.The two-day surge in Suzlon shares has pushed its Relative Strength Index (RSI) to 37 on the charts, which is close to 'oversold' levels. An RSI reading below 30 indicates that the stock is 'oversold'.Of the six analysts tracking Suzlon Energy, five now have a 'buy' rating on the stock and one has a…

29 Jan

BHEL Q3 results | Net profit upgrade 124% on revenue growth

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State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday (January 28) reported a 123.5% jump in net profit to ₹134.7 crore for the third quarter ended December 31, 2024, mainly on account of higher revenue. In the year-ago quarter, BHEL had reported a net profit of ₹60.3 crore. The company's revenue from operations grew 32.2% to ₹7,277.1 crore as against ₹5,503.8 crore in the same quarter last year. At the operating level, EBITDA grew 40.6% to ₹304.3 crore in the third quarter as against ₹216.5 crore in the same quarter in FY24. EBITDA margin stood at 4.2% in the reporting quarter…

28 Jan

ICICI Bank shares rose 2% on strong third quarter earnings

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New Delhi, Jan 27 (PTI) ICICI Bank shares rose over 2 per cent in early trade on Monday after the private sector bank reported a 15 per cent rise in standalone net profit to Rs 11,792 crore for the quarter ended December, driven by a rise in core income. The company's shares rose 2.09 per cent to Rs 1,234.50 on the National Stock Exchange (NSE). On the BSE, it rose 2.03 per cent to Rs 1,234 per share. Markets were trading in the negative zone. In early trade, the 30-share BSE Sensex fell 694.95 points, or 0.91 per cent, to…

27 Jan

Indian Oil Q3 Earnings Preview | Dramatic increase in profit expected after weak Q2

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Indian Oil Corporation (IOC) Ltd will announce its third quarter earnings for the financial year 2024-25 on January 27. Analysts expect a sharp jump in profits, mainly due to the weak performance in the previous quarter (Q2 FY25). What to expect Profit jump: IOC is expected to report a profit of ₹6,140 crore, a significant rise from just ₹180 crore in Q2 FY25. Revenue growth: Revenue is estimated to grow 11% to ₹1.92 lakh crore compared to ₹1.74 lakh crore in the previous quarter. EBITDA improvement: Earnings before interest, tax, depreciation and amortization (EBITDA) is estimated to increase from ₹3,772…