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Reading: Stock Market Buzz: Sensex, Nifty Volatility Shifts Focus to Pre-Budget Sector Rally.
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Share Market Highlights 24 January 2025: Sensex, Nifty see volatility; focus shifts to sectors poised for pre-budget rally
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Stock Market Buzz: Sensex, Nifty Volatility Shifts Focus to Pre-Budget Sector Rally.
Economy

Stock Market Buzz: Sensex, Nifty Volatility Shifts Focus to Pre-Budget Sector Rally.

Economy Desk By Economy Desk January 25, 2025 2 Min Read
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Several companies have reported their financial results, with some seeing positive growth, some remaining neutral, and others facing negative outcomes:

Positive news:

  • V2 Retail recorded a net profit of Rs 50.9 cr, a significant increase from Rs 24.1 cr, with revenue also rising to Rs. 590 cr from Rs 374 cr (YoY).
  • IEX saw a net profit of Rs 107.3 cr, up from Rs 91.8 cr, with revenue also increasing to Rs. 132 cr from Rs 115.3 cr (YoY).
  • Thyrocare reported a net profit of Rs 19 cr, up from Rs 14.7 cr, with revenue increasing to Rs. 166 cr from Rs 134 cr (YoY).
  • MPS Ltd had a net profit of Rs 40.7 cr, up from Rs 29.7 cr, with revenue also rising to Rs. 186 cr from Rs 133 cr (YoY).
  • Indus Tower recorded a net profit of Rs 4,003.2 Cr, up from Rs 1,540.5 Cr, with revenue also increasing to Rs 7,547.4 Cr from Rs 7,199 Cr (YoY).
  • And several other companies like SG Mart, Sona BLW, EFC, Amber Enterprises, Capri Global, Solar Industries, Kesoram Ind, Intellect Design, and more reported positive financial results.

Neutral news:

  • Companies like MPhasis, HPCL, United Spirits, Cyient, Greaves Cotton, Kfin Tech, Nippon Life India, Mankind, Kotak Mahindra Bank, HG Infra, Zydus Wellness, and others saw no significant positive or negative changes in their financial results.

Negative news:

  • Dr Reddys reported a net profit of Rs 1404 cr, falling short of poll predictions, with revenue also not meeting expectations at Rs. 8381 cr.
  • Spandana Sphoorty, Ujjivan Small Finance Bank, Suryoday Small Finance, and Cyient faced setbacks in their financial performance.
  • Additionally, Cyient’s CEO Karthikeyan resigned, with promoter Krishna Bodanapu taking over as interim CEO.
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