Latest Updates Around The World
Bharat Petroleum Corporation Limited (BPCL) reported an 89% increase in consolidated net profit in the December quarter at Rs 7,188 crore, compared to Rs 3,806 crore in the same period last year. The profit after tax (PAT) is attributable to the owners of the company.Revenue from operations stood at Rs 1.36 lakh crore in Q3FY26, […]
Urban Company reported a net loss of Rs 21 crore in the December quarter, reversing a profit of Rs 232 crore in the same period last year, as aggressive investments in its new high-frequency household business weighed on profits. Despite the loss, the company achieved decent revenue growth, with revenue from operations rising 33% year-on-year […]
Shares of Urban Company fell nearly 6% intraday on Monday, hitting the day’s low of Rs 121.40 on the NSE as the three-month anchor lock-in ended today. This means that, according to Nuvama’s estimates, 41 million shares, accounting for 3% of the total shares outstanding, are now available for trading.The price action took place amid […]
The sharp fall in the rupee has given India’s IT sector a near-term profit cushion, but analysts caution against assuming a sustained revaluation. According to Sandip Agarwal, principal officer and co-founder of Sowilo Investment Managers, the recent rally in IT stocks is largely a defensive move as investors seek protection from currency volatility rather than […]
Shares of as many as seven newly listed companies could see increased activity in December as their shareholder lock-in periods expire. At current market prices, the value of shares eligible for trading post-maturity for these companies is estimated at close to Rs 7,000 crore.Importantly, the end of a lock-in does not mean that all these […]
Global investment firm Think Investments has invested a little over Rs 136 crore in Edtech Unicorn PhysicsWallah as part of a pre-IPO funding round. The new infusion comes as the company gears up for its upcoming initial public offering (IPO) next week. As part of the transaction, Think Investments bought 1.07 crore shares, amounting to […]
Newly listed Urban Company reported a wider consolidated net loss of Rs 59 crore in the second quarter of FY25, compared to Rs 2 crore in the same quarter last year. However, the company posted 37% year-on-year revenue growth from operations. The results were announced on Saturday. Revenue from operations stood at Rs 380 crore […]
Eyewear retailer Lenskart will launch its much-awaited initial public offering (IPO) later this week, which will be one of the most high-profile listings of the year in India’s booming consumer technology sector. The IPO opens for public subscription on October 31 and closes on November 4, while the anchor investor round is scheduled for October […]
Shares of Urban Company continued their undefeated run on the D-Street on Monday, and 9% rises to touch the high of the day of RS 201.18 at the NSE. The price promotion happened in the midst of high volumes with 9.6% shares that change ownership around 1:20 pm. The total traded value of the shares […]
