BUSINESS
SBI shares worth Rs 467 crore sold in multiple large trades; stock down 2% post-Q3 results
This comes after the Reserve Bank of India's MPC cut the central bank's repo rate by 25 basis points to 6.25 percent. The rate cut marks the first cut since May 2020. However, the RBI maintained its 'Neutral' stance.
BUSINESS
Gulf Oil shares jump 7% after firm's Q3 net profit surges 22% to Rs 98 crore
The company has announced an interim dividend of Rs 20 per equity share for the current financial year. The record date to determine the eligibility of the shareholders set to receive the payment has been set at February 14.
BUSINESS
Metal stocks rally with Tata Steel, JSPL up over 3% as rate cut spurs demand hopes
A cut in the repo rate is considered a positive for the growth of infrastructure and real estate. Metal stocks shine on such prospect, being a necessary raw material in such developments.
BUSINESS
RBI MPC Meet: RBI keeps FY25 inflation forecast unchanged at 4.8%
The RBI has reduced its repo rate by 25 bps to 6.25 percent, the first rate cut since May 2020.
BUSINESS
Solar Industries lowers FY25 revenue guidance on weak domestic demand, sending shares 6% lower
While the revenue growth will be lower than the earlier guidance, margins are expected to improve, said Solar. The company reported a consolidated net profit of Rs 314.87 crore for Q3FY25, a rise of nearly 55% compared to a year ago.
BUSINESS
Exicom shares hit 10% lower circuit after firm posts Rs 49 crore loss in Q3, stock down 59% from all-time high
While its EV charger segment generated positive revenue growth in Q3, its critical power segment saw a strong decline.
BUSINESS
Solar Industries shares rise 3% after firm’s Q3 net profit jumps 55% to Rs 315 crore
The company's revenue from operations stood at Rs 1,973.08 crore during the reported quarter. This marks a rise of over 38 percent from the Rs 1,429.14 crore revenue from operations reported in Q3 of FY24.
BUSINESS
Abbott India shares jump 6% after Q3 net profit jumps 16% to Rs 361 crore
The pharma company's revenue from operations rose 12 percent to Rs 1,614.28 crore in Q3 of the current financial year. The company had earlier reported revenue from operations at Rs 1,437.14 crore for Q3 of the previous financial year
BUSINESS
FMCG stocks extend losses for third consecutive session post-Budget
The Nifty FMCG index was down nearly 1.32 percent to stand at 56,496, as seen at 1.50 pm on February 5, extending its three-day loss to nearly 5%.
BUSINESS
Indri whisky maker Piccadily Agro shares hit 5% lower circuit as Q3 net profit declines 45%
The company's revenue from operations, however, rose 7 percent year-on-year to Rs 205.72 crore in Q3 of the current financial year
BUSINESS
Angel One shares surge 7% after firm's January business updates
The company in its business update announced that its client base has increased 48 percent year-on-year to 3.01 crore in January 2025. Its average client funding book meanwhile surged 87 percent year-on-year to Rs 4,199 crore
BUSINESS
Lemon Tree Hotels shares jump 4% after Q3 net profit rises 77% to Rs 62 crore
The company's EBITDA rose 30 percent to stand at Rs 184.8 crore in Q3, while EBITDA margin rose by 316 bps to 51.9 percent.
BUSINESS
RVNL shares jump 3% after winning Rs 404 crore project from East Coast Railway
Earlier on December 31, 2024, RVNL had announced that it had emerged as the lowest bidder for the given project.
BUSINESS
Healing wounds from previous governments: PM Modi on tax relief in Union Budget
Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2025-2026. She proposed to make annual income of up to Rs 12 lakh tax free under the new tax regime, in a move to provide relief to the salaried taxpayers.
BUSINESS
Nifty Bank rises nearly 2% days ahead of RBI MPC meet; HDFC Bank, IndusInd stocks rise up to 3.5%
Market experts believe that the upcoming MPC meet, which is set to be the first under RBI's new Governor Sanjay Malhotra, will cut the repo rate by 25 basis points from 6.5 percent to 6.25 percent.
BUSINESS
United Breweries, Bata, Colgate shares fall up to 4% as consumer stocks cool down post initial Budget boost
FMCG and Consumer Durable stocks fell today, extending the losses to 2nd day, after the initial Budget euphoria. The two sectoral indices were among the only losers even as Nifty and Sensex jumped.
BUSINESS
Castrol India shares jump 9% after firm's Q3 net profit rises 12% to Rs 271 crore
Castrol India saw trading in heavy volumes on February 4. Around 1.26 crore shares were involved in active trade, over 6 times more than its 10-day average volumes.
BUSINESS
BSE FMCG index breaks 3-day gaining streak a day after Budget; HUL, Tata Consumer stocks fall over 3% amid high volumes
Market experts believe the additional money accumulating in the hands of the taxpayers due to the tweak in income tax slabs will effectively boost consumption.
BUSINESS
Consumption boost: Nykaa shares jump 4% amid heavy trading volumes; Swiggy, Zomato shares extend post-Budget gains
Finance Minister Sitharaman on February 1 announced changes to the existing income tax slabs under the new tax regime, effectively hiking tax rebate limit to Rs 12.75 lakh per annum, which triggered a rally in consumption-oriented stocks
BUSINESS
HAL, BDL, other defence stocks plunge up to 9% amid modest rise in defence spending in Budget 2025
On February 3, the Nifty Defence index dropped over 5 percent or 317 points to stand at 5,881.40 to emerge as the worst performing index among the thematic indices on NSE.
BUSINESS
HDFC Life, SBI Life, other insurance stocks tumble after Budget 2025 incentivises new income tax regime
Insurance stocks selloff: The new tax regime provides no deductions for health and life insurances
BUSINESS
Railway stocks tumble after FM Sitharaman mentions no major reforms for the sector in Budget
Shares of IRCTC were trading 3 percent lower at Rs 797 per share, while IRFC shares were down 5 percent at Rs 144 per share. IRCON shares dropped over 6 percent to trade at Rs 207.50 apiece.
BUSINESS
D-Link, HFCL, MTNL shares jump amid Budget scheme for broadband connectivity for govt schools
Finance Minister Nirmala Sitharaman, while presenting Union Budget 2025, announced a new scheme of providing broadband connectivity to all government secondary schools and health centres.
BUSINESS
High volume shares on Budget day: These midcap stocks seeing heavy trading ahead of FM Sitharaman's speech
Finance Minister Nirmala Sitharaman is set to present her eight consecutive Union Budget today.
