As much as 2.5 crore shares, representing a 9.5 percent stake in PNB Housing Finance were sold in a block deal on November 13, with Quality Investment Holdings being the likely seller. The deal, which saw shares being sold at a floor price of Rs 943 apiece, was worth a total of Rs 2,300 crore.The block deal triggered a fall in shares of PNB Housing Finance as the stock plunged 7 percent to a low o...

Shares of KNR Constructions skyrocketed 14 percent to Rs 324 per share on November 13 after it reported blockbuster July-September quarter (Q2FY25) performance.The company's net profit jumped by a whopping 310 percent year-on-year (YoY) or four-fold to Rs 585 crore in Q2FY25 from Rs 143 crore in the year-ago period. Revenue, too, saw a growth of 87 percent YoY to Rs 1,945 crore in Q2FY25, as compa...

Shares of FSN E-Commerce Ventures jumped up to 5% on November 13 as the operator of the Nykaa reported positive earnings for the quarter ended September 30, 2024 (Q2FY25).Given the solid results, Nuvama maintained its 'Buy' rating on the stock. However, the brokerage cut estimates due to an overall slowdown in the industry and elevated marketing spending. The target price has been revised downward...

Shares of Ashoka Buildcon surged 8 percent to Rs 240 per share on November 13 after it reported robust July-September quarter results.The highway developer reported a four-fold year-on-year (YoY) jump in net profit to Rs 462 crore in Q2FY25 from Rs 106 crore in the year-ago period. The company's revenue from operations also increased by 15.5 percent YoY to Rs 2,489 crore in Q2FY25.At the operating...

Nifty Under PressureThe Nifty 50 nosedived sharply after increased volatility in the last couple of sessions, falling more than one percent on November 12 following weakness in global peers. The long bearish candlestick, coupled with the formation of lower lows and weak momentum indicators, are the key drivers of this move. The index is now near the 23,800 support level. If it decisively breaks th...