Ola Electric Q2 Results: Ola Electric Mobility reported a net loss of ₹495 crore for Q2 FY25, down from ₹524 crore a year ago, but up from ₹347 crore in the previous quarter. Revenue increased 39% to ₹1,214 crore compared to ₹873 crore last year.
Ola Electric Mobility posted a consolidated net loss of ₹495 crore for the September 2024 quarter (Q2 FY25) on Friday, November 8. The loss declined from ₹524 crore posted in the same quarter last year. However, it was higher than ₹347 crore loss posted in the June 2024 quarter.
The consolidated revenue from operations stood at ₹1,214 crore in Q2 FY25, up 39 per cent, compared with ₹873 crore in the year-ago period
Tata Motors Q2 Results: Profit drops 11% YoY to ₹3,343 crore; revenue dips 4%
Tata Motors reported an 11% YoY decline in consolidated net profit to ₹3,343 crore for Q2 FY25, down from ₹3,764 crore last year. Revenue also fell by 3.74% to ₹100,534 crore compared to ₹104,444 crore in the previous year.
Tata Motors Q2 Results: Automaker Tata Motors on Friday, November 8, reported an 11 per cent year-on-year (YoY) fall in consolidated net profit to ₹3,343 crore for the quarter ended September 2024 (Q2 FY25). The figure stood at ₹3,764 crore in the same period last year.
Meanwhile, the revenue declined by 3.74 per cent to ₹100,534 crore in Q2 FY25 from ₹104,444 crore in the year-ago period.
Here are key takeaways from Tata Motor’s Q2 earnings:
Margins Decline
Earnings before interest, tax, depreciation and amortization (EBITDA) declined by 16% to ₹11,567 crore from ₹13,767 crore YoY. Meanwhile, amid a challenging external environment, the EBITDA declined by 230 bps YoY to 11.4%.
Outlook Remains Cautious
Tata Motors said it remains cautious about near-term domestic demand. “However, the festive season and substantial investments in infrastructure should help bolster it. JLR wholesales are expected to improve sharply, as supply challenges ease. Overall, we expect an all-round improvement in performance in H2 FY25 and the business to become net debt free by this year,” said the company in a press release
Top Gainers and Losers today on 8 November, 2024: Mahindra & Mahindra, Titan Company, Trent, Coal India among most active stocks; Check full list here
The Nifty Index closed at 24,199.35, reflecting a decline of 0.21%. Throughout the trading day, the Nifty reached a high of 24,276.15 and a low of 24,066.65. The Sensex exhibited a trading range between 79,807.26 and 79,117.37, ultimately closing down 0.07% at 79,541.79, which is 55.47 points below its opening price.
The Midcap index underperformed relative to the Nifty 50, with the Nifty Midcap 50 closing 1.26% lower. Additionally, small-cap stocks also trailed behind the Nifty 50, as the Nifty Small Cap 100 concluded at 18,763.85, down by 318.25 points, or 1.7%.
In terms of performance, the Nifty 50 has recorded returns as follows:
– Over the last week: 0.67%
– Over the last month: -3.43%
– Over the last three months: 0.16%
– Over the last six months: 8.31%
– Over the last year: 24.23%
Nifty Index Top Gainers and Losers Today
The top gainers in the Nifty index included Mahindra & Mahindra (up 2.89%), Titan Company (up 2.10%), Tech Mahindra (up 1.84%), Infosys (up 1.49%), and Nestle India (up 1.45%). Conversely, the top losers were Trent (down 3.18%), Coal India (down 2.60%), Asian Paints (down 2.58%), Tata Steel (down 2.24%), and Shriram Finance (down 2.03%). The Bank Nifty concluded the day at 51,916.5, with an intraday high of 52,007.15 and a low of 51,494.0. The performance of the Bank Nifty over various time frames is as follows:
– Over the last week: 0.65%
– Over the last month: 1.04%
– Over the last three months: 2.78%
– Over the last six months: 7.35%
– Over the last year: 18.08%
Here is the list of stocks that were the **top gainers and losers** during the trading session on November 8, 2024:
Sensex:
Top Gainers: Mahindra & Mahindra (up 3.09%), Titan Company (up 2.13%), Tech Mahindra (up 1.90%), Nestle India (up 1.44%), Infosys (up 1.31%)
Top Losers: Asian Paints (down 2.61%), Tata Steel (down 2.22%), State Bank of India (down 1.86%), Tata Motors (down 1.72%), Reliance Industries (down 1.66%)
Nifty:
Top Gainers: Mahindra & Mahindra (up 2.89%), Titan Company (up 2.10%), Tech Mahindra (up 1.84%), Infosys (up 1.49%), Nestle India (up 1.45%)
Top Losers: Trent (down 3.18%), Coal India (down 2.60%), Asian Paints (down 2.58%), Tata Steel (down 2.24%), Shriram Finance (down 2.03%)
Nifty MidCap 50:
Top Gainers: Indian Hotels Company, Cummins India, Ashok Leyland, Oracle Financial Services Software, Mphasis
Top Losers: Suzlon Energy, Petronet LNG, Godrej Properties, Steel Authority of India, Indus Towers
Nifty Small Cap 100:
Top Gainers: Crompton Greaves Consumer Electricals, ITI, Narayana Hrudayalaya, HFCL, Century Textiles & Industries
Top Losers: Aarti Industries, Great Eastern Shipping Company, Chambal Fertilisers & Chemicals, Shyam Metalics & Energy, Cochin Shipyard
BSE:
Top Gainers: Indian Hotels Company (up 7.23%), Motilal Oswal Financial Services (up 6.62%), One 97 Communications (up 6.58%), Page Industries (up 6.39%), Latent View Analytics (up 6.20%)
Top Losers: Aarti Industries (down 7.82%), Great Eastern Shipping Company (down 7.01%), GMM Pfaudler (down 6.69%), Suzlon Energy (down 6.49%), Chambal Fertilisers & Chemicals (down 6.43%)
NSE:
Top Gainers: Vijaya Diagnostic Centre (up 9.19%), Indian Hotels Company (up 7.18%), Motilal Oswal Financial Services (up 6.81%), One 97 Communications (up 6.62%), Page Industries (up 6.52%)
Top Losers: Signatureglobal India (down 8.35%), Aarti Industries (down 7.89%), GMM Pfaudler (down 7.24%), Great Eastern Shipping Company (down 6.80%), Suzlon Energy (down 6.44%).
Stock market today: Nifty 50, Sensex extend slide to 2nd day; mid and smallcaps face heavy selling pressure
Indian stock market extended its slide to the second consecutive day on Friday, November 08, as sharp selloff in major large-cap stocks, including Reliance Industries, ICICI Bank, State Bank of India, and Trent, weighed heavily on the frontline indices, causing them to end the session in the red.
The 25-basis point rate cut by the US Federal Reserve on Thursday failed to provide relief to the overheated Indian market, as investor sentiment remained subdued amid concerns over softening Q2 earnings.
Consequently, the Nifty 50 closed the session with a decline of 0.21%, settling at 24,148 points, and ended the week down by 0.64%. The S&P BSE Sensex closed 55.70 points, or 0.07%, lower at 79,486, marking a weekly decline of 0.30%.
Prashanth Tapse, Senior VP (Research), Mehta Equities, said, “After gyrating nearly 700 points in early trades, markets moved in a range-bound manner thereafter and ended marginally lower on selective selling in banking, telecom, metal, oil & gas and realty stocks. Despite the recovery in global indices, Indian markets continue to bore the brunt of FII fund outflows. The US Fed rate cut failed to enthuse local investors as the undertone remains caution with a negative bias.”
In contrast, the broader market experienced heavy selling pressure today, with the Nifty Midcap 100 index plunging 1.42% to 56,300. Meanwhile, the Nifty Smallcap 100 index fell to 18,433, down 1.76% from the previous closing level.
Among sectoral indices, the Nifty Realty continued its bearish streak for the second consecutive day, closing nearly 3% lower at 967.7. The Nifty Media index also dropped by 2.09%, while the Nifty PSU Bank, Nifty Oil & Gas, Nifty Energy, and Nifty Metal all ended with losses exceeding 1%.
On the positive side, IT stocks held their ground as the US Federal Reserve’s 25 basis point rate cut sparked renewed interest in the sector. The Nifty IT index closed with a gain of 0.71%. Additionally, the Nifty FMCG index bounced back from a sharp sell-off in the previous session, finishing 0.31% higher. The Nifty Pharma and Nifty Auto indices ended the day flat.
Among individual stocks, 23 Nifty 50 constituents closed the session in positive territory, with Mahindra & Mahindra leading the pack, gaining 2.9%. Investors reacted positively to the company’s Q2 performance, which exceeded street estimates.
It was followed by Titan Company, Tech Mahindra, Infosys, Nestle India, HUL, Power Grid, Cipla, and three other stocks, all posting gains of over 1%