Investyadnya.in
January 24, 2025 at 01:43 AM
Stock Market News (Quick Updates)
24th January 2025
Watch the full video here-
https://youtu.be/_KvWI9nH3Z4
World Market
Trump's Davos Speech
- Urged companies to manufacture in the US or face tariffs
- Promised tax cuts for US manufacturers & aims to lower oil prices to end Ukraine war.
Jobless Claims Rise
- Continuing claims hit a 3-year high
- Layoffs are lasting longer, even if they're low
Stock-specific News
Tejas Networks Q3 Results
- Revenue and profit down QoQ but strong YoY growth due to BSNL
- New Chief Strategy and Business Officer joined from Nokia.
UltraTech Cement Q3 Results
- Net profit down YoY, but exceeded market expectations.
- Rural sales grew while urban demand slowed.
Kotak Acquires Loan Book
- Acquired Standard Chartered India's personal loan book for ₹3,330 crore
- Aims to grow in 'Salaried Affluent' segment
Sona BLW Q3 Results
- Net profit and revenue saw double digit YoY growth.
- BEV revenue at record high of 39% of total revenue
V2 Retail Q3 Profit Soars
- Net profit rose by 117.18% YoY in Q3
- Store expansions driven by strong sales growth
Solar Industries Investment
- ₹12,700 crore investment in Nagpur defence project.
- Focus on drones, counter-drone systems, and military transport aircraft.
Mankind Pharma Q3 Results
- PAT falls by 16.5%, while revenue rises by 24%
- Market share grew due to acquisition and gynaecology sector.
Nippon India AMC Q3 Results
- Net profit increased 4%
- Revenue from operations rose by 39 per cent
Dr Reddy's Q3 Results
- PAT rises 2.5% and revenue up 16%
- Driven by new products and European/emerging markets growth.
Indus Towers Q3 Results
- Net profit rises 160%
- Driven by tower additions & overdue payment collections.
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