Info Edge, the parent company of Naukri.com, has recorded an impressive 36% gross internal rate of return (IRR) on its startup investments, marking a tenfold increase in value over the past decade. Key Investment Highlights Breakout Successes: Zomato & Policybazaar Info Edge was an early backer of Zomato and Policybazaar, investing ₹483.78 crore and ₹591.40…
Puravankara Ltd, a leading real estate developer, saw its shares rally 10% in intra-day trading on Monday following the announcement of a joint venture (JV) with KVN Property Holdings LLP to develop a 24.59-acre land parcel in North Bengaluru. Key Highlights of the JV Commenting on the partnership, Ashish Puravankara, Managing Director, stated, “This joint…
Swiggy, India’s leading food and grocery delivery platform, reported a sharp widening of its net loss for the fourth quarter of FY25, with losses nearly doubling to ₹1,081 crore, compared to ₹554 crore in the same period last year. Revenue Growth & Market Expansion Despite the losses, Swiggy’s revenue from operations surged 45% YoY to…
Hero MotoCorp, India’s largest two-wheeler manufacturer, is expected to report modest revenue growth for the fourth quarter of FY25, driven by higher average selling prices (ASPs) and an increased share of premium models. Despite weak volume performance, the company’s profit after tax (PAT) is projected to rise by 8% year-on-year (YoY), supported by a favorable…
Adani Power Limited witnessed a sharp 7% rally in its stock price on Monday after securing a 1,500 MW thermal power contract in Uttar Pradesh through a competitive bidding process. Key Details of the Project The power will be supplied from a greenfield ultra-supercritical thermal power plant with a 2×800 MW configuration (1,500 MW net…
Tata Electronics is preparing to double its production capacity for iPhone enclosures at its Hosur facility, aiming to reach one lakh units ahead of Apple’s annual product launches in September. The expansion follows Tata Electronics’ successful acquisition of Pegatron Technology India and Wistron’s India operations, strengthening its position in Apple’s global supply chain. The company…
Birla Corporation Ltd witnessed a sharp 20% surge in its stock price on Monday following the announcement of its strong Q4 results, marking a significant recovery in investor sentiment. Five Factors Driving the Rally Following the announcement, Birla Corp shares hit their upper circuit limit of ₹1,268.80, reversing year-to-date losses and pushing the stock into…
Reliance Power shares soared over 10% on Monday after its subsidiary, Reliance NU Energies, emerged as the top bidder in SJVN’s competitive bidding process for Inter-State Transmission System (ISTS)-connected solar and battery storage projects. The company secured a 350 MW solar generation capacity along with a 175 MW/700 MWh Battery Energy Storage System (BESS) under…
Tata Motors shares surged 3.4% on Monday, reaching ₹732.55 on the Bombay Stock Exchange (BSE), as investors turned bullish ahead of the company’s fourth-quarter results and a potential dividend announcement. The rally comes amid optimism surrounding Jaguar Land Rover (JLR), Tata Motors’ UK-based luxury vehicle subsidiary, and recent global trade developments. The stock has gained…
Foreign portfolio investors (FPIs) have injected ₹14,167 crore into Indian equities so far in May, demonstrating strong confidence in the country’s economic fundamentals despite ongoing India-Pakistan tensions. This surge follows a net investment of ₹4,223 crore in April, marking a reversal from three consecutive months of outflows. Prior to April, FPIs had withdrawn ₹3,973 crore…
