Gautam Adani, Jack Dorsey, Carl Icahn. Nate Anderson has picked them off one by one. In mere months this year, he erased as much as $99 billion of their combined wealth while knocking $173 billion off the value of their publicly traded companies. In an era when prominent short sellers have retreated from… Continue reading Hindenburg nabs tiny gains off $173 bn carnage, wipes out $99 bn of wealth
Tag: gains
Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2
Yatharth Hospital gains 11% on debut Shares of Yatharth Hospital & Trauma Care Services Ltd on Monday jumped over 11 per cent against the issue price of Rs 300 on its first day of trade. The stock began the trade at Rs 304, a gain of 1.33 per cent, on the BSE. During… Continue reading Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2
Strong Q1, positive outlook drives gains for M&M; shares rally 4.3%
Shares of Mahindra and Mahindra (M&M) surged by 4.3 per cent to Rs 1,527 per share on the BSE on Monday, following the company’s announcement of a 60 per cent year-on-year jump in consolidated profit after tax to Rs 3,508 crore in the April to June quarter of the financial year 2024 (Q1FY24). Thus… Continue reading Strong Q1, positive outlook drives gains for M&M; shares rally 4.3%
Zomato’s ‘surprise’ faster profit timeline may help serve more gains
Zomato delivered a positive surprise with its strong results for the first quarter of the 2023-24 financial year (Q1FY24). The company reported revenues of Rs 2,416 crore (up 17.5 per cent quarter-on-quarter or Q-o-Q). Revenue growth was led by the food delivery business (up 17 per cent Q-o-Q). Blinkit growth was muted (up 5… Continue reading Zomato’s ‘surprise’ faster profit timeline may help serve more gains
Quick commerce gains traction as firms edge towards profitability
Quick commerce is proving to be a solid business proposition. Companies like Zomato’s Blinkit and Y Combinator-backed Zepto have recently shown growth, charting clear paths to profitability. Blinkit logged its highest gross order value (GOV) and customer transactions in June and July, showing a positive contribution for the first time in the quarter… Continue reading Quick commerce gains traction as firms edge towards profitability
Buyout impact, margin worries likely to cap gains for Maruti Suzuki
Premium The company is expected to outperform the passenger vehicle industry, which is expected to grow in the 5-7 band in FY24. The stock of the country’s largest passenger vehicle maker, Maruti Suzuki India (MSIL) was down 1.06 per cent in trade on margin pressures in Q1FY24, mixed market share outlook, and earnings impact… Continue reading Buyout impact, margin worries likely to cap gains for Maruti Suzuki
Pak’s KSE-100 gains over 900 points; crosses 48K-point mark after 2 years
The Pakistan Stock Exchange’s benchmark KSE-100 index saw a significant upsurge on Monday as it closed after breaching the 48,000-point mark for the first time in almost two years after it gained more than 900 points during trading hours. The State Bank of Pakistan (SBP) also capped off a stable day for Pakistan’s… Continue reading Pak’s KSE-100 gains over 900 points; crosses 48K-point mark after 2 years