Thu, Oct 31, 2024 10:41 AM
Jefferies cautious on Indian markets, overweight on banks, healthcare
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Shares of Godavari Biorefineries rose 3% after Madhusudan Kela's wife, Madhuri, acquired a 1.19% stake worth ₹16.78 crore, buying 5 lakh shares at ₹335.66. This development came after the company's IPO in October, which was subscribed 1.83 times. Shares of Godavari Biorefineries rose 3.07% to ₹353.75 on Thursday morning.
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Godrej Agrovet Q2 Results : Godrej Agrovet announced its Q2 results on 29 October 2024, reporting a mixed performance with revenue decreasing by 4.75% year-on-year, while profit rose by 6.57%. The company achieved a profit of ₹5.84 per share, reflecting a solid increase compared to the same quarter last year.In contrast to the previous quarter, revenue grew by 4.17%.
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Shares of DCM Shriram surged over 10 percent in the morning session on October 31 after its net profit for the September quarter surged 95 percent on-year. DCM Shriram posted a consolidated net profit of Rs 62.92 crore in Q2 FY25, marking a 95.16 percent rise from Rs 32.24 crore in the same period last year. The firm's total income increased by 11.8 percent to Rs 3,183.98 crore.
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