Daily Stock News and updates

India’s production of 8 core sectors rose 2% year-on-year in September (vs a 1.6% fall in August). These sectors include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.

Swiggy has fixed its IPO issue price band between Rs 371 to Rs 390 per share. The company aims to raise Rs 11,327.43 crore (fresh issue + offer-for-sale).

Godavari Biorefineries IPO listed at a price 12.50% lower than its IPO issue price.

L&T: got major orders to develop electrical grids in Saudi Arabia, Qatar, and Africa regions. A major order for L&T ranges from Rs 5,000 crore to Rs 10,000 crore.

Dabur: reported a 17.48% year-on-year fall in net profit to Rs 425 crore in the July-Sept quarter. Dividend declared: Rs 2.75 per share. Record date: 8 November.

Colgate-Palmolive: got a Rs 254.27 crore tax order for the assessment year 2021-22. The company will file an appeal against the order before a tribunal.

Aditya Birla Capital: reported a 641.96% year-on-year rise in net profit to Rs 1,000.9 crore in the July-Sept quarter. The overall lending portfolio (NBFC and housing finance) grew by 27% year-on-year and 8% sequentially to 1,37,946 crore as of September 30, 2024.

P&G Hygiene: reported a 0.57% year-on-year rise in net profit to Rs 211.90 crore in the July-Sept quarter.