Articles written by Ananthu C U - Benzinga

Tata Group Stock Shoots Up 13% After Q2 Net Profit Jumps 19%

|Rallis India, a Tata Group company, reports Q2 results with 19.51% increase in net profit, 11.53% increase in revenue, and 24% increase in EBITDA.

Govt To Sell 5% Stake In Cochin Shipyard Through OFS, Shares Slide 3%

|Govt of India to sell 5% stake in Cochin Shipyard through OFS at ₹1,540 floor price. Sale opens Oct 16 for non-retail investors and Oct 17 for retail.

Bajaj Auto Q2 Preview: What To Expect From Pulsar Maker?

|Bajaj Auto to release Q2 results on Oct. 16. Analysts expect strong revenue growth due to domestic and export sales.

FIIs Raise Stake In This Suzlon Competitor In Q2, Mutual Fund Holding Slips

|Inox Wind's shareholding data for September quarter released. Mutual funds reduced stake, while FIIs increased. Retail investors also gained ownership.

Micro Cap Stock Surges 15% After Becoming Puma Supplier

|Active Clothing Co. stock rose 15% after signing manufacturing deals with Puma & Adidas.

BEML Wins ₹866 Cr Order For High Speed Rail Designing, Shares In Green

|BEML bags ₹866.87 Cr contract from ICF, Chennai to design 2 high-speed trainsets. Features modern amenities.

Vodafone Idea Set To Finalise IT Outsourcing Contracts, Aims To Reduce IBM Dependence: Report

|Vodafone Idea finalizing IT outsourcing contracts to reduce dependence on IBM. New deal to have multiple vendors, expected to be lower in value.

Why HSBC Remains Bullish On Maruti Suzuki

|HSBC maintains buy call on Maruti Suzuki despite weak PV growth in industry. Target price ₹14,500, indicating a 15% upside.

HCLTech Shares In Green As Q2 Results Impress Brokerages But With A Sprinkle Of Caution

|HCLTech reported Q2 results with 10.5% increase in profit and 8.2% in revenue, beating estimates. Brokerages maintain bullish calls on the stock.

Wipro Shares Surge 4% To Top Nifty

|NIFTY 50 index displayed diverse performance, with Wipro leading gains and ONGC suffering most losses. Wipro and HDFC Life top gainers, while ONGC and Maruti top losers.

Reddit Suffers Global Outage, Disrupting User Access Across Platforms

|Global outage hits Reddit, causing access issues for users on both website and app. Downdetector reports 200+ claims.

Tata Group Company Reports 11% Fall In Q2 Net Profit To ₹9.2 Cr

|Oriental Hotels subsidiary of Indian Hotels announced Q2 results with 11.36% decline in net profit and 13.47% increase in revenue year-on-year.

Trent Now Valued Higher Than Dmart, Titan Next?

|Trent's market cap surpassed DMart's as DMart's shares fell 8% on weak Q2 results. Trent's stock price reached an intraday high of ₹8345.85, making it the 32nd most valuable company in India.

Defence Q2 Preview: HAL, BEML To Shine On Strong Order Book

|Nirmal Bang expects 13% YoY growth in revenue for defence stocks. Upgrades HAL, BEML, Data Patterns to 'buy'. Order books of other stocks also to grow.

Larsen And Toubro Shares Rise After JPMorgan issues 'Overweight' Call

|JPMorgan initiates bullish call on Larsen and Toubro with 25% upside, citing attractive growth, reasonable valuation.

HAL Shares Surge After Getting 'Maharatna' Status

|Hindustan Aeronautics Limited rose as it received 'Maharatna' status from the Department of Public Enterprises, allowing greater financial autonomy.

Noel Tata Appointed As Chairman Of Tata Trusts

|Noel Tata appointed as chairman of Tata Trusts after Ratan Tata's death. The board unanimously decided to appoint Noel as the chairman.

62 Lakh Retail Investors Now Hold Yes Bank, Mutual Funds Raise Stake In Q2

|Yes Bank's shareholding pattern for Sep 2024: MFs raised stake while FIIs reduced their ownership in the company.

CDSL Demat Account Market Share Increases To 78%

|CDSL's demat market share increased, NSDL's decreased. Discount brokerages like Groww and Angel One gained, while Zerodha's market share decreased.

How Tata Stocks Titan, TCS, Trent, Tata Motors Have Fared Over The Past Decade

|Tata Group companies have been top wealth creators in India, with a combined weightage of 10.15% in Nifty index. TCS has given 211% return in last 10 years, while Tata Motors has underperformed with 77% return. Trent has made a whopping 6065% return, while Titan has gained 774%. Tata Consumer has risen 598%.