Stocks/Share Market - Angel One

Hindustan Unilever (HUL) has made a major announcement about the separation of its ice cream business, which includes beloved brands like Kwality Wall’s, Cornetto, and Magnum. After an in-depth review by an independent committee, Hindustan Unilever (HUL) decided it was time to let the ice cream division carve out its own path, allowing the company …

RateGain Travel Technologies, a pioneer in AI-powered SaaS solutions for the travel and hospitality industry, has empowered Flight Centre Travel Group (FCTG) to elevate its competitive standing. By implementing AirGain’s cutting-edge price intelligence solution, FCTG has gained the ability to swiftly and accurately compare airfares across a multitude of Online Travel Agencies (OTAs). This strategic …

On October 23, 2024, Piramal Pharma Limited, a leading global pharmaceuticals and wellness company, today announced its standalone and consolidated results for the second quarter (Q2) and first half (H1) ended September 30, 2024. Piraml Pharma Q2 FY25 Performance During Q2 FY25, revenue from operations grew by 17% year-on-year (YoY), primarily driven by robust growth …

On October 23, 2024, IIFL Finance Ltd released its results for the quarter ended September 30, 2024 (Q2 FY25). For this quarter, the company reported a net loss after tax of ₹93 crore (before non-controlling interest), reflecting a decline of 118% year-on-year (YoY). The loss before tax (LBT) for the quarter was ₹140 crore, down …

On October 24, 2024, Mahindra & Mahindra (M&M) announced the opening of its Passive Safety Lab and Battery & Cell Research Lab, designed for engineers to test the safety of SUV products under various load conditions and conduct research on cell technologies. The labs were inaugurated by Dr TRB Rajaa, Honorable Minister for Industries, Investment …

Fino Payments Bank Limited has announced its financial results for the quarter ending September 30, 2024 (Q2 FY25) and the first half of FY25 (H1 FY25). The bank achieved a record profit before tax (PBT) of ₹25.9 crore for Q2, with a post-tax profit of ₹21.1 crore, marking its first tax payment. Fino is focused …

On October 23, 2024, Thyrocare Technologies Limited, a prominent player in the healthcare diagnostics industry, released its financial results for the quarter ending September 30, 2024. Financial Highlights Thyrocare’s consolidated revenue for Q2 FY25 saw a robust 20% year-over-year (YoY) growth, driven by a 20% YoY rise in the Pathology segment and a 21% YoY …

On October 23, 2024, KEC International Ltd, a leading global infrastructure EPC company and part of the RPG Group, announced new orders worth ₹1,142 crore across multiple sectors.  Transmission & Distribution (T&D)  The company has received orders for T&D projects in the Middle East and the Americas, including a 380 kV transmission line in Saudi …

Sona BLW Precision Forgings Ltd (Sona Comstar) has entered into an agreement with Escorts Kubota Ltd (EKL) to acquire the Railway Equipment Division (RED) as a going concern, via a slump sale, for an enterprise value of ₹1,600 crore.  This acquisition aligns with Sona Comstar’s vision to expand into the broader mobility sector and is …

Piramal Enterprises Limited (PEL) announced its unaudited financial results for the quarter and half-year ended September 30, 2024.  The company reported a significant year-on-year (YoY) growth in its Assets Under Management (AUM), reaching ₹74,692 crore, an increase of 12% YoY. The Growth AUM, which represents 84% of the total AUM, surged by 45% YoY to …