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Latest Stock Market News

The power company’s revenue from operations in the reported quarter climbed 18 per cent on-year to Rs 9,810.2 crore.

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The company said it is also looking to raise capital through primary mode and aims to bring on board long term strategic and financial investors.

V-Guard Q2 results: Net profit up 15% at Rs 59 crore

Updated at : 2021-10-28 16:20:01

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V-Guard Industries Managing Director Mithun K Chittilappilly said: "This quarter saw a recovery from the impact of the second wave of Covid-19 in the first quarter of this year during which the south and east regions were more affected. The sharp increase in input costs has had some impact on gross margins."

“India offers great opportunity to serve the underserved. Technology will be the one-stop shop for solutions. Over the last six quarters, Paytm has been significantly contribution positive.”

Adani Transmission raises $700 mn

Updated at : 2021-10-28 16:20:01

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"This project financing deal is the first of its kind sanctioned by international banks in the transmission sector, and validates the overall development model of the Adani Group," said Anil Sardana, MD and CEO, ATL.

Stock market update: Nifty IT index falls 1.66%

Updated at : 2021-10-28 16:20:01

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The Nifty IT index closed 1.66 per cent down at 34913.6.

“The Street probably will give Maruti a bounce back because it has underperformed but it is a difficult call to take right now. I would say it is not the best to buy at this point. ”

Rakesh Jhunjhunwala said he has been owning Titan shares for 20 years but has not seen quarterly results like the one seen in the September quarter.

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As of 30-Sep-2021, promoters held 55.99 per cent stake in the company, while FIIs held 17.88 per cent and domestic institutional investors had 13.17 per cent.

“IPO is a good time to enter these stocks but one has to wait for the listing to happen and then decide whether one wants to continue with this holding or buy afresh. That is a call that has to be taken.”

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