Tue, Jan 21, 2025 9:57 PM
Top Gainers and Losers today on 21 January, 2025
A Flip by Shubhangi Gupta
KR Choksey's research report on Jio Financial Services: Net Interest Income for Q3FY25 was INR 2,050 Mn, marking a decline of 21.9% YoY, though it saw a 2.5% increase QoQ. PreProvision Operating Profit stood at INR 3,305 Mn, reflecting a 4.7% YoY growth driven by higher non-interest income. However, it declined by 40.1% QoQ. Profit After Tax for Q3FY25 was INR 2,948 Mn.
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Shares of One MobiKwik Systems Ltd., the parent company of payment solutions provider MobiKwik, surged 5% from the day's low to reach an intraday high of ₹460.25 on Wednesday, January 22. However, the stock erased all of the day's gains and was trading more than 3% lower at ₹446.50. The stock has corrected nearly 40% from its peak of ₹698.30, which it reached on December 26 last year.
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Indoco Remedies reported a Q3 loss of ₹26.39 crore, a 10.64% year-over-year decline, due to rising Selling, General & Administrative expenses, which increased by 5.03% quarter-over-quarter and 8.43% year-over-year. Operating income and EPS also saw significant declines, with analysts issuing a cautious "Hold" recommendation.
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