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Revenue from operations rose 13.8% year-on-year (YoY) to Rs 103.67 crore in Q2 FY25. Profit before tax was Rs 41.06 crore, an 8.18% decline from Rs 44.7 crore in the same quarter of the previous fiscal.
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And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.
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News and Media
Waaree Energies Share Price: After the stocks decline over the last three sessions, the companys market capitalization on the BSE has dropped to Rs 84,606 crore, down from the Rs 1 lakh crore mark reached last week.
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Niva Bupa IPO GMP: The IPO of Niva Bupa Healthcare saw strong demand from retail investors, with the issue subscribed 1.28 times (128%) by the final day of bidding. By 11:15 am, retail investors had bid for 5.79 crore shares, 1.85 times their reserved portion. Qualified Institutional Buyers (QIBs) had subscribed 1.05 times their allocation.
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PFC Share Price: Power Finance Corporation shares rose 9% after reporting a 9% increase in Q2 profit, driven by higher revenues and loan growth. Brokerages Bernstein and CLSA maintain 'Outperform' ratings.
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News and Media
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