A Moscow-based fertility clinic is offering free IVF treatments. The clinic is using sperm from Telegram CEO Pavel Durov. The offer is open to women under 37. Durov will finance all IVF protocols. He has previously said he has fathered over 100 children through donor programs.
UPL Share Price: Shares of UPL surged 5.6% to Rs 552.70 on Tuesday after the agrochemical company reported a net loss of Rs 443 crore for Q2 FY25, more than 2.3 times higher than the loss in the same period last year. Revenue for the quarter increased to Rs 11,090 crore, up from Rs 10,170 crore, driven by a 16% YoY growth in volumes, despite a 7% drop in prices and flat forex rates.
Sagility India Share Price: Sagility India's shares opened modestly above the anticipated Rs 0.3 per share. The company had a fair stock market debut, with its IPO seeing a moderate subscription rate of 3.2 times. This positive listing is notable given the company's niche focus on the US healthcare market, influenced by regulatory and economic dynamics.
Shree Cements shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
Kelly Spahr from North Carolina won a $250,000 lottery prize. Spahr bought a scratch-off ticket while getting orange juice at a Quality Mart. She chose the $20 Merry Multiplier ticket. The ticket turned out to be a top prize winner. Spahr said the win will greatly benefit her family. In another event, a man won a $3 million lottery prize.
NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.
ONGC Share Price: ONGC shares rose 2.3% after reporting a 17% YoY profit rise to Rs 11,984 crore, driven by lower levies, despite a fall in revenue and oil prices.
Jubilant FoodWorks Share Price: Jubilant FoodWorks witnessed a surge in its shares despite a 31.5% YoY decline in profit, posting a PAT of Rs 66.53 crore. This growth was fueled by a 43% YoY increase in revenue, reaching Rs 1,954.70 crore. The company's strategic initiatives, including new store openings and a focus on delivery services, contributed to its positive performance despite market challenges.
Hindalco Share Price: Hindalco's shares climbed after the company announced a significant jump in its second-quarter net profit. The company's profit soared by 123% compared to the same period last year. This impressive performance was driven by strong results in its India business. Analysts are optimistic about Hindalco's future prospects, with JP Morgan and Investec maintaining positive ratings on the stock.
Indian market is expected to open higher on Tuesday following positive global market trends. Market volatility is anticipated to decline. Analysts predict a range-bound trading session with immediate support and resistance levels identified. Specific stock recommendations for short-term traders are provided, including buy recommendations for Infosys, Axis Bank, Wipro, REC, and Bank of Baroda, and a sell recommendation for DLF.
