Shares of Laurus Labs Ltd. recovered from the lows of the day to trade with gains on Friday, July 24, after the company reported strong results for the June quarter, which were higher on a year-on-year basis across parameters. Laurus Labs reported revenue of ₹2,026 crore for the quarter, which is 29% higher than the…
Shares of Hindustan Zinc Ltd., the unit of Vedanta Ltd. saw a sharp recovery from the lows of the day after delivering a strong earnings beat across parameters for the June quarter on Friday, July 24. Net profit for the period more than doubled in value to ₹5,469 crore, a 144% jump compared to ₹2,234…
Daksh Grover is a journalist who enjoys exploring the world of business and finance, with a particular focus on markets, commodities, and corporate developments. Over the past few years, Daksh has worked in fast-paced newsroom environments where accuracy and speed go hand-in-hand. Whether it’s breaking updates, market trends, or in-depth analytical pieces, he has gained…
Shares of Acutaas Chemicals fell sharply on Friday, July 24, even as it reported a strong June quarter. All key parameters reported growth on a year-on-year basis, including its operating income and margins. Net profit for the June quarter increased by 67.7% to ₹74.3 crore, compared to ₹44.3 crore during the same quarter last year….
Helios Capital expects artificial intelligence (AI) to continue reshaping the IT services industry, making growth difficult to predict, while new-age businesses offer stronger long-term opportunities, Founder and Fund Manager Samir Arora said. He also expects geopolitical tensions to ease over the next few days, which could help markets move past recent volatility. Arora said he…
Shares of Apar Industries jumped more than 9% after the company reported a strong set of earnings for the quarter ended June, with consolidated net profit rising 77.8% year-on-year to ₹467.5 crore from ₹262.9 crore in the corresponding quarter last year. The stock, however, gave up most of those gains soon after. Revenue from operations…
The benchmark yield at 5% would be psychologically significant for the stock market. A post shared by Sriram Iyer (@grumble_dore) Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert…
Shares of Ramco Systems hit the 10% lower circuit on Friday, July 24, after the enterprise software company reported a sharp decline in June-quarter earnings, with margins falling to their lowest level since the December 2024 quarter. The stock was locked at ₹710.95 after the company reported a 97.8% year-on-year decline in net profit for…
Rajaratan Global Wire shares were volatile on Friday, July 24, even as the company reported a healthy set of results for the June quarter. The stock recovered from the lows of the day to gain over 4.5% but gave up all of those gains soon after is gain trading with losses The company reported strong…
Larsen and Toubro Ltd. (L&T) on Friday, July 24, said its hi-tech manufacturing arm L&T Heavy Engineering has secured a series of international orders in the “large” category across Asia, Africa, Europe, North and South America. L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as “large”. The business has secured orders from…
