TVS Motor Company saw a standalone net profit of ₹407.47 crores in the quarter ending September 30, 2022 in comparison to a gain of ₹277.60 crores, reporting a growth of 46.78% YoY. Q2 PAT also rose by 27.12% from ₹320.54 crore in the last quarter. On Thursday, the company's board of directors authorized the issuance of zero-coupon bonds.
Open FlipOn Friday's trading session, Servotech Power Systems rose 5% after getting a project from Bharat Petroleum Corporation worth Rs 46.2 crore. The National Stock Exchange (NSE) listed company has earned a major project of EV charger supply from the state-run oil marketing major, as per the company's exchange filing.
Open FlipOn Friday, Indian Overseas Bank shares rose by as much as 13% to the day’s high price of Rs 21.90 after its Q2 earnings scheduled on Saturday. The volumes in the counter grew massively and stood at over 5,52,37,502 equity shares, i.e. over 13 times the average traded volume. Shares of the bank gained over 80% in the last three years.
Open FlipIndiGo's net loss increased marginally to Rs 1,583.33 crore in Q2 FY23 in comparison to Rs 1,435.65 crore in the corresponding quarter of the previous year. However, the low-cost carrier's net loss widened significantly in comparison Q1FY23, when it stood at Rs 1,064.26 crore. Indigo's revenue from operations was Rs 12,497.58 crore in Q2FY23 against Rs 5,608.49 crore clocked in Q2FY22.
Open FlipCipla logged almost 11% growth in consolidated net profit to ₹788.90 crore in Q2FY23. The pharma giant's profit stood at ₹711.36 crore in the same quarter a year ago. Its Q2 PAT also grew by 14.9% from ₹686.40 crore in Q1FY23. Cipla's EBITDA improved by 6.3% YoY to ₹1,303 crore in the quarter under consideration. Overall, Cipla has beat analysts' estimates in Q2FY23 performance.
Open FlipPayPal Holdings shares plunged 7% in premarket trading as the payments processor slashed its annual revenue forecast, alerting of a bleak holiday quarter as consumers trimmed back on discretionary spending. Decades-high inflation beat the purchasing power of consumers, who also have to compete with the threat of a looming recession.
Open FlipMarico Limited's consolidated net profit fell marginally by 3% YoY to Rs 301 crore in Q2FY23 in comparison to Rs 309 crore recorded a year ago. However, on a sequential basis, the FMCG player's profit plunged 19% from Rs 371 crore logged in the April–June quarter. The company's consolidated revenue increased 3% YoY to to Rs 2,496 crore from a revenue of Rs 2,419 crore in Q2FY21.
Open FlipOn Friday, The rupee grew 4 paise to 82.29 against the US dollar in early trade, backed by a greenback in the overseas market and favorable domestic equities. Fresh foreign capital input in capital markets also boosted sentiment, as per forex traders. The domestic unit was pushing in a tight range of 82.39-82.29 in early deals.
Open FlipPhysicsWallah's net profit zoomed nearly 14 times to Rs 97.8 crore in FY22 in comparison to a profit of Rs 6.93 crore logged in FY21. The robust result was driven by 10X growth in India's newest and the only profitable edtech unicorn's revenue. The company's revenue soared almost 10-fold during FY22 to Rs 232.5 crore as compared to a revenue of Rs 24.6 crore in FY21.
Open FlipOn Friday, Titan reported a 33% growth in net profit to ₹857 crores for the September 2022 quarter. This is against a net profit of ₹641 crores in the previous period, the company stated in a regulatory filing. The revenue from operations rose 22% to ₹8,730 crores in the quarter. The company's shares on BSE closed trading 0.18% higher at ₹2,768.30.
Open FlipAccording to a recent study, despite high expectations, Bitcoin failed to act as inflation hedge in 2022. “Bitcoin and cryptocurrencies have so far failed to act as an inflation hedge, a long-proposed narrative by digital asset natives. In 2022, BTC and ETH have performed inversely to inflation and nominal interest rates,” the report stated.
Open FlipOla Electric dispatched the 1,00,000th scooter from its all-women-run Future factory in Krishnagiri, Tamil Nadu. The company commenced mass production in late November 2021 and achieved this milestone in barely 11 months. Additionally, in October 2022, Ola also attained an unprecedented 20,000 units in sales - highest ever for any EV manufacturer in India.
Open FlipThe most traded small cap for the top 500 biggest #ETH whales today are SFI, BRWL, STRP, IONX, SPDR, aUSDT, wstETH, PTU, AKITA, and aWETH. The overall market was in green today. This data is given out by WhaleStats, a platform that tracks the movements of crypto whales.
Open FlipWith over 20,000 cryptocurrencies in circulation, choosing the right one for you can be challenging. Thus, Mudrex Coin Sets enable you to invest in crypto indices, i.e., theme-based crypto baskets, to help you make the right choice. Simply invest in sectors that are relevant to you.
Open FlipThe top 100 #ETH whales are hodling: $96M SHIB(Shiba Inu) $72 LOCUS(Locus Chain), $59M BIT(Bit Dao), $59M MKR(Maker) $38M MOC (Moss Coin), $38M UNI(Uniswap), $37M MATIC(Polygon), and $35M BEST(Bitpanda Ecosystem Token). The overall market was in green today. This data is given out by WhaleStats, a platform that tracks the movements of crypto whales.
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