Stocks/Share Market - Angel One

On November 13, 2024, Varun Beverages shares dropped by approximately 2%, reaching a day low of ₹570.70 at 10:00 AM, after opening at ₹589.60. The decline in the stock price followed the company’s announcement of its acquisition of two African companies that manufacture and distribute PepsiCo products. Varun Beverages Acquired Two Companies in Africa Varun …

Natco Pharma announced its second-quarter results on November 12, 2024, showing strong growth in both revenue and profit. The company’s revenue increased by 32.94% compared to the same period last year, while net profit surged by 83.55%. On a quarter-over-quarter basis, revenue grew slightly by 0.62%, and profit rose by 1.32%. Rising Expenses Due to …

The Indian renewable energy company, ACME Solar Holdings shares made a stock market debut on November 13.  Acme Solar Share Price Performance On the listing date, on the NSE, Acme Solar share price opened at ₹251.00, down from its issue price of ₹289 per share. However, at 11:35 AM, the share price of Acme Solar …

On Wednesday, November 13, Suzlon Energy shares, India’s largest provider of renewable energy solutions, initially dropped 5.81% to ₹55.55, dipping below ₹60 for the first time since July. The volatility stemmed from news of a senior executive’s resignation. Management Change Sparks Initial Decline In a recent announcement, Suzlon disclosed that Ishwar Chand Mangal, CEO of …

On November 12, 2024, KNR Constructions, an infrastructure development company, in its quarterly earnings reported a strong Engineering, Procurement, and Construction (EPC) order book of ₹44,060 million as of September 30, 2024. The company also reported higher revenue of ₹1,945 crore. KNR Constructions Q2 Margin And Order Book Detail KNR Constructions saw a 275% year-on-year …

EPACK Durable Limited, India’s leading original design manufacturer of room air conditioners and other small domestic appliances, has reported its financial results for the quarter and half-year ended September 30, 2024. EPACK Durables Q2FY25 Highlights In Q2 FY25, the company witnessed a significant revenue growth of 112% year-on-year (YoY), driven by strong industry demand, an …

On November 13, 2024, Wipro, a leading technology services and consulting company, announced the use of its Engineering Edge’s Cloud Car building blocks, including Microservices and vehicle container architecture components, by FORVIA to enhance its vehicle safety and comfort applications. Wipro Optimising ADAS Solutions FORVIA (FRVIA), the seventh-largest automotive technology supplier globally, is optimising its …

EIH Ltd., a leading hospitality company and a member of The Oberoi Group, has posted record financial results for the Q2 FY25. These results highlight the company’s strong growth trajectory and steadfast commitment to excellence in luxury hospitality. EIH Q2 FY25 Results On a consolidated basis, EIH reported a 13% year-on-year (YoY) growth in revenue, …

Swiggy, a prominent player in India’s food delivery sector, made a market debut on Wednesday, November 13, 2023. Swiggy’s shares are listed with a premium of 7.69% over its IPO price of ₹390 on the National Stock Exchange (NSE), opening at ₹420. On the Bombay Stock Exchange (BSE), the stock debuted with a premium of …

Financial Highlights GMV & Revenue Growth: Nykaa reported a consolidated Gross Merchandise Value (GMV) of ₹36,525 million, a 24% increase year-over-year (YoY). Consolidated revenue from operations also rose by 24% YoY, reaching ₹18,747 million in Q2 FY25. EBITDA Growth: The EBITDA grew 29% YoY to ₹1,037 million, indicating strong profitability gains. Profit Metrics: Revenue: Up …