Pidilite Industries reported a 9% YoY increase in Q3FY25 net profit to 557 crore, with revenue rising 8% to 3,369 crore. Gross margins improved due to lower input costs.
Tips Music reported a 27% YoY net profit growth to 44.2 crore in Q3FY25, supported by a 20% revenue rise. Strong digital performance and global collaborations fueled growth, with YouTube views increasing 17% YoY.
Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO).
Moody's upgraded Bharti Airtel's outlook to 'positive' on improved financials and market share gains. They may raise the rating if profitability increases and regulations remain favorable. Caption: Moody's upgrades Bharti Airtel outlook to 'positive'. Improved financials and market share gains. Potential rating hike on profitability growth.
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday proposed small ticket SIP with a minimum investment amount of Rs 250 per month. However, the small ticket SIP that an investor can start, will be restricted to three SIPs.
The hammer candlestick pattern indicates strong buying interest at lower levels, pointing to potential bullish momentum. The index held its key monthly support at 23,100, confirming its resilience. Immediate resistance is at 23,300, and a breakout could target 23,600 and 23,800 in the near term, said Mandar Bhojane, Research Analyst at Choice Broking.
BPCL Q3 Results: The company's board also approved an interim dividend of Rs 5 per share. On a sequential basis, the profit after tax surged 66%, compared to Rs 2,297 crore reported in Q2FY25.
The government is not considering changes to capital gains tax for individual investors or HNIs, with plans to maintain the LTCG and STCG framework. While a simplification of the Income Tax Act is underway, any change to tax rates is unlikely. Experts suggest stabilizing LTCG norms could boost market participation and help the economy.
