Author: Market News Desk

Persistent Systems, an IT services company based in India, reported a 30.35% YoY increase in Q3 FY25 profit, reaching ₹373 crore. The company also declared an interim dividend of ₹20 per share. Persistent Systems, an IT services company based in India, has announced strong results for the December quarter of FY25, showcasing a 30.35% year-on-year (YoY) increase in its consolidated profit after tax (PAT), which reached ₹373 crore. In the same quarter of the previous year, the company posted a net profit of ₹286 crore, and ₹306 crore in the preceding quarter. Revenue from operations for Q3 FY25 stood at…

The Indian stock market saw significant movements on January 22, 2025. Key indices like Nifty and Sensex gained, while midcap and small-cap stocks lagged. Wipro, Infosys, and Tata Consultancy Services led the top gainers, while Tata Motors and Bharat Electronics faced losses. The financial markets in India experienced significant movements today, with major indices showing a positive trend. The Sensex gained 566.63 points, or 0.75%, to close at 75,838.36, while the Nifty rose by 130.7 points, or 0.57%, ending at 23,024.65. Notable stocks such as Wipro, Infosys, and Tata Consultancy Services saw substantial gains, while Tata Motors and Bharat Electronics…

BPCL reports a 36.85% increase in Q3 FY25 net profit, reaching ₹4649 crore, with strong refining margins and a robust marketing segment. An interim dividend of ₹5 per share was also announced. Bharat Petroleum Corporation Ltd (BPCL), one of India’s leading oil and gas companies, has reported strong financial performance for the quarter ending December 2025. The company posted a 36.85% year-on-year increase in its net profit, which stood at ₹4649 crore for the third quarter of fiscal year 2025, compared to ₹3397.27 crore during the same period last year. BPCL’s revenues from operations during Q3 FY25 amounted to ₹1,27,520.50…

Housing sales in India dropped by 9% across nine major cities in 2024, with Bengaluru, Chennai, and Hyderabad seeing the biggest declines, while Delhi-NCR saw a 5% increase. According to data released by PropEquity, a leading real estate data and analytics firm, housing sales across nine major cities in India dropped by 9% in 2024, totaling 4.71 lakh units compared to 5.14 lakh units in the previous year. The decline is attributed to lower demand and a fall in new supply of residential properties. PropEquity, which is part of P E Analytics Ltd, a NSE-listed company, provides real estate data…

Enbee Trade and Finance Ltd’s stock surged to an upper circuit on January 22, 2024, following the announcement of its fundraising plans in ESG and Green Energy sectors. Enbee Trade and Finance Ltd, a small-cap company engaged in diversified financial services, saw its stock hit the upper circuit on January 22, 2024, after the company announced its strategic plans to explore fundraising opportunities in its Environmental, Social, and Governance (ESG) and Green Energy Financing divisions. This announcement sent the stock surging by 4.93%, closing at ₹13.61, compared to the previous close of ₹12.97. Enbee Trade and Finance, based in Mumbai,…

Denta Water and Infra Solutions IPO is opening on January 22, 2025, with a price band of ₹279 to ₹294. The company aims to raise ₹220.50 crore to support its water management and infrastructure projects. The IPO has generated a strong market interest, with an estimated 56.12% premium on listing. Denta Water and Infra Solutions Limited, a leading player in water engineering and infrastructure services, is set to open its Initial Public Offering (IPO) for subscription on January 22, 2025. The company, known for its significant contributions to water management projects, aims to raise ₹220.50 crore through the IPO to…

Euro Pratik Sales, based in Mumbai, files DRHP with SEBI to raise ₹730 crore through an IPO. The offer is entirely an offer-for-sale, with proceeds going to selling shareholders. Euro Pratik Sales Limited, a leading decorative wall panel and premium laminates manufacturer based in Mumbai, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Tuesday. The company aims to raise ₹730 crore through its upcoming Initial Public Offering (IPO), which is entirely an offer-for-sale (OFS). The funds raised through this issue will not be used by the company directly but will…

Swiggy’s shares dropped 11% to ₹427 on January 21, 2025, following Zomato’s weak quarterly results. This marked an 8-week low for Swiggy, raising concerns among investors in the competitive food delivery and quick-commerce sectors. Swiggy, India’s leading food delivery platform, experienced a sharp 11% drop in its shares on January 21, 2025, marking its biggest single-day loss since its listing in November 2024. The decline took the stock to ₹427, an 8-week low, as negative sentiment surrounding its competitor Zomato sent ripples across the food-tech industry. Swiggy, which operates in both the food delivery and quick-commerce sectors, saw its shares…

Jio Financial Services launches a broking subsidiary, Jio BlackRock Broking, but faces weaker stock performance with flat Q3 profits amid rising expenses. Jio Financial Services Ltd., a major player in the Indian financial sector, announced the establishment of a wholly owned subsidiary, Jio BlackRock Broking Private Limited, which will engage in broking activities. The company revealed this move in a filing with the exchange on January 20, 2025, though the venture is subject to regulatory approvals. This step marks a strategic expansion for Jio Financial Services into the broking sector through a joint venture with global investment management firm BlackRock.…

KRN Heat Exchanger and Refrigeration’s stock rose 8% to hit a 52-week high, despite market weaknesses, driven by strong business updates and an investment by ace investor Mukul Mahavir Agrawal. The company specializes in HVAC&R products and has seen significant growth since its IPO. In a surprising turn of events, KRN Heat Exchanger and Refrigeration, a small-cap stock based in India, saw its share price rise more than 8%, reaching a 52-week high of ₹899.50 despite the broader market trend being weak on January 21, 2025. This remarkable rise in stock price came following several positive developments concerning the company,…