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RIL Share Price: Reliance Industries' shares dipped 2% following a block deal involving 11.9 lakh shares. The company's market value has shrunk by nearly $50 billion since July, attributed to a decline in earnings and a slowing economy. Despite issuing bonus shares recently, the stock has struggled, with a 5% drop in consolidated net profit for the latest quarter.
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News and Media
Trent Share Price: Trent's shares tumbled 10% despite reporting a 46% surge in Q2 profit, exceeding analyst predictions. While revenue growth of 39.6% fell short of expectations, analysts remain optimistic, citing strong EBITDA margins, robust store expansion, and the success of emerging categories like beauty and footwear.
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News and Media
Wipro shares rose 3% after two block deals, with reports indicating promoter selling. The company posted a 21% rise in Q2 net profit and announced a bonus issue.
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News and Media
ITI Ltd shares surged 9% after being awarded a Rs 3,022 crore BharatNet project for Himachal Pradesh, West Bengal, and Andaman & Nicobar Islands, marking a significant milestone for the company.
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News and Media
Tata-backed Indian Hotels Company (IHCL) saw its stock surge nearly 6% to a 52-week high of Rs 722 after reporting a 226% YoY profit growth to Rs 583 crore for Q2 FY24. Revenues rose 27.4% to Rs 1,826 crore. EBITDA grew 41.3% to Rs 501.27 crore. IHCL will also manage The Claridges, New Delhi from April 2025.
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News and Media
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