Author: Market News Desk

KPIT Technologies reports a 19% increase in net profit for Q3 FY25, reaching ₹186.97 crore, with a 17.6% rise in revenue. A ₹2.50 per share dividend is declared. India-based KPIT Technologies has posted a 19.27% year-on-year increase in its net profit for the quarter ending December 2024, reaching ₹186.97 crore, compared to ₹156.75 crore in the same period last year. Additionally, the company has declared an interim dividend of ₹2.50 per share for FY25, with the record date set for February 4, 2025. For the quarter, KPIT Technologies reported revenues of ₹1,477.96 crore, marking a 17.6% growth from ₹1,256.96 crore…

H.M. Electro Mech IPO allotment status is expected to be out today, January 29. The IPO saw strong subscription and is expected to list at ₹90 with a 20% premium over the IPO price. H.M. Electro Mech, an Indian company engaged in manufacturing and providing electro-mechanical solutions, is set to release its IPO allotment status today, January 29. The IPO has garnered a strong response from investors, with a subscription rate of 91.75 times, including an impressive 95.55 times subscription in the retail investor category. The issue was fully subscribed, with a total offer size of ₹27.74 crore through the…

Blackstone and Sattva Group plan to file papers for a ₹7,000 crore REIT IPO in mid-February 2025. The REIT, Knowledge Realty Trust, will be India’s largest with 48 million sq ft of leasable space. Private equity firm Blackstone and Bengaluru-based developer Sattva Group are gearing up to file the draft papers for a major ₹7,000 crore Real Estate Investment Trust (REIT) IPO by mid-February 2025. The REIT, named Knowledge Realty Trust, will be the largest REIT in India, boasting a total leasable space of 48 million square feet, and will also be the second-largest in Asia. The Knowledge Realty Trust…

Dr. Agarwal’s Health Care IPO saw a slow start with muted demand from retail and institutional investors. The company raised Rs 3,027 crore through the IPO, with its shares trading at a 3% premium in the grey market. The initial public offering (IPO) of Dr. Agarwal’s Health Care, India’s largest eye care hospital chain by revenue, received a lackluster response on its first day of bidding. As of January 29, the IPO had garnered bids for 38.09 lakh shares, against the offer of 5.35 crore shares, according to data available on the National Stock Exchange (NSE). Dr. Agarwal’s Health Care…

Rushil Decor shares surged 6.5% to ₹29.17 after releasing Q3 results, despite modest growth. The company is expanding its market reach, including new laminates and plywood ventures. Rushil Decor Ltd, an Indian company specializing in eco-friendly, sustainable MDF boards, laminates, and plywood, witnessed a 6.5% surge in its stock price to ₹29.17 on January 29, 2025, marking the end of a seven-day losing streak. The jump came after the company announced its December quarter results for FY25, showcasing modest growth despite some challenges. Rushil Decor is actively expanding its manufacturing capacity and market reach, including a new laminates project and…

Indian Bank reports a 35% YoY surge in Q3 profit to ₹2,852 crore, driven by a 10% rise in NII and improved asset quality, with strong stock market performance. Indian Bank, a prominent public sector bank in India, announced strong financial results for the third quarter of FY25, reporting a 34.58% year-on-year (YoY) increase in standalone net profit. The bank’s profit for Q3 FY25 surged to ₹2,852.36 crore, up from ₹2,119.35 crore in the same period last year. This performance highlights the bank’s continued growth trajectory and financial stability. The state-owned bank, headquartered in Chennai, Tamil Nadu, also recorded a…

Denta Water and Infra Solutions Ltd’s IPO made a strong debut with shares listing at an 11% premium on the NSE and 12% on the BSE. The company, active in water engineering services, raised funds to meet working capital needs. Denta Water and Infra Solutions Ltd, a prominent player in water engineering and infrastructure services, made its market debut on January 29, 2025, listing its shares at an 11% premium on the National Stock Exchange (NSE) and a 12% premium on the Bombay Stock Exchange (BSE). The IPO, which was open for subscription between January 22 and January 24, garnered…

Ambuja Cement reported a 242% YoY rise in net profit for Q3 FY25 to ₹1,758 crore, alongside a 28% increase in total income. The company also announced a strategic acquisition of Orient Cement. Ambuja Cement, one of India’s leading cement manufacturers and part of the Adani Group, reported exceptional financial results for the third quarter of FY25, with a dramatic 242% year-on-year (YoY) rise in net profit. The company posted a net profit of ₹1,758.03 crore for the December quarter, compared to ₹513.68 crore in the same period last year. Sequentially, the profit surged by 251%, up from ₹500.66 crore…

On January 29, 2025, Intelligent Supply Chain Infrastructure Trust and Mindspace Business Parks REIT announced their income distributions to investors, highlighting their strong position in India’s infrastructure and commercial real estate sectors. On January 29, 2025, both the Intelligent Supply Chain Infrastructure Trust (ISCI Trust) and Mindspace Business Parks REIT (Real Estate Investment Trust) announced their income distribution plans for investors. These moves are significant, marking a key milestone for the investors involved with these funds. Intelligent Supply Chain Infrastructure Trust, an infrastructure investment trust (InvIT), is focused on providing returns through investments in logistics and supply chain infrastructure across…

Technopack Polymers Ltd, a leader in the packaging industry, announces a 1:1 bonus issue, providing shareholders with one additional share for every share held, effective January 29, 2025. Technopack Polymers Ltd, a prominent player in the packaging industry based in India, has announced a bonus issue of 1:1. This move aims to reward its shareholders and improve the liquidity of its shares in the stock market. Shareholders will receive one bonus share for every share held as of the record date. Technopack Polymers, established as a key manufacturer and supplier of high-quality packaging solutions, specializes in the production of polymers…