Reported Consolidated quarterly numbers for PCBL are: Net Sales at Rs 2,010.00 crore in December 2024 up 21.32% from Rs. 1,656.76 crore in December 2023. Quarterly Net Profit at Rs. 93.05 crore in December 2024 down 37.07% from Rs. 147.87 crore in December 2023. EBITDA stands at Rs. 328.43 crore in December 2024 up 14.79% from Rs. 286.11 crore in December 2023.

After climbing to a record high of ₹647 apiece on the NSE in July 2024, RVNL share price has remained in the base building mode. The railway PSU stock has remained an ideal 'sell-on-rise' stock for the last six months, losing around 44% from the lifetime high of ₹647 per share. However, stock market experts believe RVNL may deliver better Q3 results 2025.

On September 27, Indian equity benchmark indices, the BSE Sensex and NSE Nifty50, climbed to new record highs. The Nifty50 reached a record high of 26,277.35 but closed the trading session in red with a decline of 37.13 points, or 0.14 per cent, settling at 26,178.95. Meanwhile, BSE Sensex index reached an all-time high of 85,978.25 during intraday trading, however, closed the session 264 point.

JPMorgan India's Sanjay Mookim forecasts 11-12% earnings growth for Indian equities in 2025, favoring real estate, power, and financials for their valuation appeal and growth potential, while being cautious on materials and consumer stocks, and tempering expectations for major fiscal stimulus and monetary easing.

Employees of IT giant Infosys may get letters regarding their salary hikes in February 2025, according to a report by The Economic Times citing sources. It added that the hikes for the September 2022 to October 2023 period. All employees at job level five and below are likely to get raise from February, with effect from January 1, 2025, in what will be a sweet start this new year.

WeWork India Management, a flexible workspace operator, has raised Rs 500 crore via a rights issue. The funds will be utilised for the repayment of debt, strengthening the company’s pathway to being debt free, and reducing its cost of capital. Karan Virwani, managing director & CEO of the company said, "With this capital infusion we aim to strengthen our balance sheet by repaying existing debt."

I have been living in Dubai for the past 15 years. I visit India during festivals like Diwali and don’t stay longer than a month a year. However, now I plan to spend my retired life in India. I will come back in mid-2025. After two to three months of settling down, I will sell my Dubai villa and invest in properties in India instead.

MUTUAL FUND FOLIOS CROSS 22.5 CRORE BARRIER Between November and December 2024, the total number of mutual fund folios grew from 22.08 Crore folios to 22.50 Crore MF folios; an accretion of 1.90%. One must remember that these are folios or unique mutual fund accounts, and the actual unique investors in mutual funds mapped on PAN is about 5.3 crore.

Shares of Brigade Enterprises Limited are in focus today after the company announced that it is entering into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Centre (WTC) in Thiruvananthapuram. The shares are currently trading at around Rs 1,077, down by Rs 72 or about 6 percent, as seen at 1:48 pm on January 13.

Macquarie initiated coverage on IRCTC with an "Outperform" rating and a target price of ₹900, indicating a potential upside of 15.5 per cent from its previous close of ₹779.55. The bullish view comes despite IRCTC delivering negative returns for nine consecutive months, reflecting the brokerage's confidence in the company's long-term growth potential.

Domestic brokerage PL Capital lowered its EPS estimates for Nifty 50 going ahead, while cutting its 12-month targets on the index.PL Capital cut its 12-month target on the benchmark index Nifty 50 to 27,172, which still indicates an upside of 16% from current levels. In the bull case scenario, the brokerage sees Nifty 50 at a 20.1x to arrive at bull case target of 29,263, indicating a 25% upside.

ICICI Prudential Mutual Fund's Executive Director and Chief Investment Officer, S Naren, described 2024 as one of the best years for capital markets, with historic highs in capital fundraising and low fiscal deficits. However, he remains cautiously optimistic for 2025, suggesting hybrid and flexible investment strategies to mitigate risks.

Representative image NEW DELHI: National Capital Region Transport Corporation (NCRTC) on Sunday began the trial runs of the Meerut Metro trains, an official statement said. During this trial process, the trains were tested at different speeds from Meerut South to just before Meerut Central Station, it said. The trial run involves testing the trains' tracks and traction.

Shares of Waaree Renewable Technologies continued their losing streak for the fourth consecutive session today, diving 20% in Monday’s intraday trade to hit their lower circuit at Rs 951 on the BSE. The fall in the stock was witnessed since January 8, after the company’s Chief Financial Officer (CFO) Dilip Panjwani’s resignation was announced on January 7.

The Indian rupee is on track for its steepest single-day fall since February 2023. In the morning trade on Monday (January 13), the currency dropped 27 paise to hit a record low of 86.31 against the US dollar. The slide is attributed to a combination of factors, including a strong US dollar, rising crude oil prices, and continued foreign capital outflows.