Shares of The Indian Hotels Company (IHCL) slipped 3 percent to Rs 789 in morning trade on January 20 despite posting a net profit of Rs 582.32 crore for the October-December quarter of FY25, reflecting a 29 percent increase compared to Rs 451.95 crore reported in the same period last year. Revenue from operations also surged by nearly 29 percent, reaching Rs 2,533.05 crore in Q3 FY25.The results,...

Shares of beleaguered telecom operator Vodafone Idea Ltd. shot up to the 10 percent upper circuit in the early session on January 20, as a Source reported that the Centre might weigh a substantial portion of adjusted gross revenue (AGR) dues imposed on companies like Vodafone Idea and Bharti Airtel after the Supreme Court's 2019 verdict.At 9.35 am, shares of Vodafone Idea were quoting Rs 10.02, hi...

Shares of Kalyan Jewellers India skyrocketed over 9 percent on January 20, snapping a three-day losing streak after asset manager Motilal Oswal AMC started to clarify rumors about its investments in the jewelry firm.The fund house dismissed rumors suggesting that its money managers were bribed to invest in Kalyan Jewellers, labeling the allegations as "baseless, malicious, and defamatory." “We c...

Shares of RBL Bank slumped nearly 6 percent on January 20, bogged down by the lender's dismal earnings performance in the October-December quarter. The lender's net profit for the quarter under review crashed 86 percent to Rs 32.60 crore, a sharp downturn from the Rs 233.10 crore that it clocked in the same period last fiscal.Net interest income reported a tepid growth of just 2.5 percent on year ...

The Nifty 50 snapped its three-day winning streak and corrected by half a percent on January 17, negating the higher highs-higher lows formation of the previous couple of sessions. The market needs a strong trigger to get back into consistent positive territory. Hence, until the index trades well below all key moving averages, consolidation in the Nifty 50 may continue, with immediate support at 2...