Latest Stock Market News

For the half year ended September, the company booked an income of Rs 1,962.04 crore, up 31.28 per cent from Rs 1,494.51 crore in the year-ago period.

On Friday, the markets may see a jittery start to the day, but any pullback attempts will find resistance at 17935 and 18000 levels. Supports now exist at 17780 and 17700 levels.

For the half-year ending September, consolidated revenue grew 42 per cent annualised to Rs 1,953 crore, and the group earned a net profit of Rs 758 crore, which is 63 per cent more than the same 6 months period last fiscal.

The power generator reported a 14.7 per cent on-year rise in revenue from operations to Rs. 28,329 crore, which was higher than Street’s estimate.

As per IRCTC’s website, income from the convenience fee is recognized on the basis of the value of the convenience fee earned on the tickets booked by domestic customers through its website.

The Dow Jones Industrial Average rose 54.72 points, or 0.15 per cent, at the open to 35,545.41.

In the international market, gold was trading higher at USD 1,803 per ounce and silver was flat at USD 24.12 per ounce.

“If you take the 150CC and above sports motorcycle space, if you put together Enfield and Bajaj and TVS, we have 70-80% share. The point I am making is that good Indian two-wheeler companies are not really as lightweight as maybe some startups would like to think we are. ”

Raghupati Singhania, Chairman and Managing Director, said, “JK Tyre has been attaining continuous sales growth despite partially disrupted marketplace. The sales in the replacement market registered healthy growth whereas institutional sales recorded a quantum jump during the quarter.” Exports last quarter went up by 35%.

Net interest income (NIM), a key parameter of profitability, remained flat at 2.79% for the quarter under review, despite lower lending rates.