Category: Stock Market
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UltraTech Cement Reports 36% Slump in Q2FY25 Net Profit to Rs 820 Crore
UltraTech Cement’s Q2FY25 Earnings Take a Hit: Net Profit Plunges 36% Amid Revenue Downturn India’s largest cement manufacturer, UltraTech Cement, reported a significant 36% decline in net profit for the quarter ended September (Q2FY25), primarily attributed to lower revenue from operations. The company’s financial performance was impacted despite steady domestic sales volume growth and strategic…
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BSE Stock Falls 7% After Jefferies Rating Cut to Underperform on High Valuations
Shares of the Bombay Stock Exchange (BSE) took a significant hit on Monday, tumbling 7% to ₹1,046.55, after global brokerage firm Jefferies downgraded its rating to “underperform” from “hold”. This downgrade was primarily driven by expensive valuations. Jefferies cited BSE’s lofty valuations as a major concern, noting that the exchange’s price-to-earnings ratio is significantly higher…
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Adani Group Slams Hindenburg Research Allegations as “Malicious” and “Baseless”
In a scathing response, the Adani Group has vehemently denied the latest allegations made by US-based short seller Hindenburg Research, calling them “red herrings” and “malicious, mischievous, and manipulative selections of publicly available information.” The new Hindenburg report alleges that Sebi chairperson Madhabi Buch and her husband had stakes in offshore entities involved in the…