Stock Market LIVE: Nifty, Sensex Off Lows As RIL, SBI, Eternal Share Prices Rise
The indices were trading 0.07% and 0.03% higher, respectively as of 12:13 p.m. Follow NDTV Profit's blog to track live major stock price movements, stock market news, and analysts' views.
‘90% Fixed Costs’: Groww Co-Founder Harsh Jain Explains Rising Margins After Q2 Profit Jumps 25%
Groww’s parent Billionbrains Garage Ventures Ltd. reported a 24.6% rise in profit to Rs 471 crore for the September quarter, driven by strong revenue growth and operational efficiency.
In an exclusive conversation with NDTV Profit, Harsh Jain, Co-Founder and COO of Groww, addressed queries on margins, restructuring, and active user trends. Jain clarified that the Rs 160 crore management incentive reversal seen in filings relates to adjustments made in previous years during a major restructuring.
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‘90% Fixed Costs’: Groww Co-Founder Harsh Jain Explains Rising Margins After Q2 Profit Jumps 25%
Stock Market LIVE: Avantel Gets Purchase Order Worth Rs 17.6 Crore From BEL
Avantel received purchase order worth Rs 17.6 crore from Bharat Electronics Ltd. for communication systems, the company said in the exchange filing.
Stock Market LIVE: Indostar Capital's Board Approves
Indostar Capital's board approved allotment of 1 crore shares at Rs 184 apiece on a preferential basis. The warrant holder Florintree Tecserv exercised the right for conversion of 1 crore, the company said in the exchange filing.
Stock Market LIVE: Ventura On Adani Enterprises
Ventura Recommended a Buy with a target price Rs 3,433, which implied 43% upside
Fundraise to ease balance sheet pressure & fuel growth
Fresh equity raise of Rs Rs 25,000 cr timely and strategic step to monetise stock’s strong recovery
Given the substantial growth headroom in current portfolio, view the rights issue offer price attractive
Over FY25–28E, revenue & EBITDA projected to grow at a CAGR of 17.4% and 18.7%
Growth in airports & ANIL with ramp-up in data centres & copper to be key growth drivers
Blinkit Beats Instamart, Zepto In Quick-Commerce As Swiggy Overtakes Zomato In Food Delivery: BoFA
Bank of America (BoFA)'s latest internet survey on India’s online consumers points to robust demand for quick commerce and food delivery apps
According to a survey of over 1,000 users conducted in early November, Blinkit is the preferred quick commerce platform for Indian consumers. The report also shows growth in the overall reliance on multiple delivery apps and quick-commerce for grocery needs.
