Fri, Feb 2, 2024 2:57 PM
Interim Budget makes no attempt to woo voters, says Harsh Gupta
A Flip by Avya Verma
eClerx Services Ltd. shares surged to a record high, gaining 7% after reporting strong September quarter results, with 5.9% USD revenue growth and a 22% EBIT margin increase. Net profit jumped to ₹139.5 crore, and new deal wins rose 8.2% from the previous quarter. Shares are up 27.5% in 2024, following a 103% gain in 2023.
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Foreign portfolio investors (FPIs) appear to be losing interest in Indian stocks as they continued their selling streak for the 27th consecutive session on Tuesday, withdrawing an additional ₹2,569 crore from Indian equities, according to the latest Trendlyne data. In all trading sessions in October, FPIs remained net sellers, offloading ₹1.14 lakh crore worth of Indian stocks through exchanges.
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Indian Energy Exchange inched up 1% on Wednesday after the company released its market update for October. What Happened: IEX has reported a 4% year-on-year increase in electricity traded volume for October, which reached 9,642 million units. The company traded 4.44 lakh renewable energy certificates during the month, marking a 105% year-on-year growth, according to a company press release.
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