The Mumbai-based firm raised Rs 1,900 crore via a maiden public issue that comprised only an offer-for-sale (OFS) by the promoters. Strong subscription numbers and upbeat market momentum helped Cello World list at 28 percent premium to its issue price on November 6. Moneycontrol’s Nickey Mirchandani (@onlynickey) in discussion with Pradeep Rathod Chairman & MD, Cello World.
IOC reported a standalone net profit of Rs 13,750.44 crore but a day after the results the stocks fellover 2%. Even BPCL's profits surged 55% but the street weren't enthused. Remember, back in April 2022 BPCL, IOC and HPCL froze retail petrol and diesel prices to cushion domestic consumers from rising international oil prices which led to huge losses. Have these companies managed to recoup these losses. And have falling crude oil prices brought some respite? Nickey Mirchandani speaks with Probal Sen – Senior Research analyst, Indian Oil & Gas Sector to break down OMC earnings
India’s largest lender State Bank Of India (SBI) reports it’s performance in the last quarter of FY23. Watch the management share their view on Q4 results and the outlook ahead for FY24 here on Moneycontrol.