Tata Motors Share Price: Tata Motors' shares rose 2% despite a lower-than-expected 11.18% YoY drop in Q2 profit, reaching Rs 3,343 crore. The company attributed the decline to external challenges impacting growth. Despite this, analysts remain optimistic, citing strong business fundamentals and anticipated improvements in the second half of FY25.
Swiggy is expected to finalize its IPO share allotment today, with its debut on the BSE and NSE scheduled for November 13. The IPO received a respectable three-fold oversubscription, and shares are currently trading at a slight premium in the unlisted market. The company plans to utilize the proceeds for investments in technology, brand building, and its subsidiary, Scootsy.
In the Nifty500 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on November 8, according to stockedge.com's technical scan data.
Indian Railway Finance Corporation (IRFC) and four other companies set November 12th as the record date for dividend eligibility. IRFC announced a dividend of Rs 0.8 per share. Other companies, including D-Link (India), Indraprastha Gas, PDS Ltd, and POWERGRID Infrastructure Investment Trust, also declared dividends.
Apart from the above, Jai Balaji Industries, Ion Exchange, Emami Realty, Elcid Investments, Ador Welding, Alchemist Corp, BCL Enterprises, Chatha Foods, DCX Systems, Kross Ltd, Likitha Infrastructure and a few others will announce their quarterly results.
Apart from the above, NMDC, Bank of India, UPL, Hindustan Copper, Devyani International, Blue Dart Express, BEML, PG Electroplast and a few others will announce their quarterly results.
