Stock Market LIVE: Sensex falls over 800 pts, Nifty drops 270 pts; Nifty SmallCap down 1.5% | News on Markets
9:59 AM
Tata Motors shares fall 5% after Q1 show; Check reasons, new target prices
Tata Motors’ results for the June quarter (Q1FY25) came in-lline with market expectations, prompting several brokerages to raise their target price for the company. The automaker’s consolidated net profit rose 74 per cent year-on-year (Y-o-Y) to Rs 5,566 crore in the June quarter of financial year 2025 (Q1FY25), from Rs 3,203 crore in the June quarter of financial year 2024 (Q1FY24). READ MORE
9:42 AM
Ola Electric IPO opens today: GMP signals upside potential; Analysts weigh
The unlisted shares of the much-awaited Ola Electric IPO (Ola Electric Mobility Limited), which opens for subscription today, are trading at a premium in the grey markets. Ola Electric shares are currently commanding a grey market premium (GMP) of around Rs 13-15 apiece, suggesting a potential premium of 17-20 per cent if trends sustain. READ MORE
9:26 AM
Zomato soars 10% on solid Q1 beat
>> Zomato reported a massive jump in its net profit in Q1FY25 to Rs 253 crore, from Rs 2 crore reported in Q1FY24. The company’s net profit jumped 44.5 per cent sequentially from Rs 175 crore in the preceding quarter. The company’s revenue from operations jumped 74 per cent YoY to Rs 4,206 crore in Q1FY25. As in the past few quarters, growth was driven by Blinkit, the quick commerce business of Zomato.
9:25 AM
ITC scalps gains after Q1 results in weak market
>> The FMCG giant reported a marginal decline of 0.26 per cent year-on-year (YoY) in net profit in Q1FY25, dragged by the paper, paperboard and packaging, hospitality, and agri-business segments.>> The diversified conglomerate’s consolidated net profit in Q1FY25 slipped to Rs 5,091.59 crore from Rs 5,104.93 crore in the year-ago period. ITC’s consolidated gross revenue stood at Rs 20,029.60 crore for the quarter under review, up by 7.5 per cent YoY compared to Rs 18,639.48 crore reported in Q1FY24.
9:24 AM
Tata Motors falls 4% after Q1 show; Mgt highlights JLR, CV slowdown
>> The automaker’s consolidated profit after tax climbed a whopping 74 per cent YoY in Q1FY25 to Rs 5,566 crore, as against Rs 3,203 crore reported in the same quarter last fiscal year. Tata Motors beat Street estimates of around Rs 5,100 crore.
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