Senco Gold reported a significant 69.3% drop in profit after tax for Q3FY25, despite a 27.3% increase in revenue from operations. The company attributed the decline in EBITDA and PAT margins to the impact of custom duties, but remains optimistic about achieving a 7%-8% EBITDA margin moving forward.
A federal judge has ordered the Trump administration to temporarily lift a three-week funding freeze that has shut down U.S. aid and development programs abroad.
The challenges for India started in Oct 2024 itself. Multiple events lead to this sell off. Firstly, valuations in India had become one of steepest globally. For an FII investor, what matters is growth & liquidity.
In the Nifty500 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on February 13, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Hindalco reported a 60% YoY growth in consolidated net profit for Q3FY25, reaching Rs 3,735 crore, with a revenue increase of 11%. The company's India business PAT surged 134% YoY, and aluminium upstream EBITDA rose 73%. Analysts maintain positive ratings with target prices of Rs 670 and Rs 800.
Key companies announcing their third quarter results include Samvardhana Motherson, RVNL, Glenmark, Swan Energy, and Zen Tech. Samvardhana Motherson is expected to see profits rise by 68% YoY, while Glenmark Pharma's profit is anticipated to improve significantly, with revenues from operations rising 38% YoY.
