Top gainer: Wipro 513 ▲ 17 (+3.6%)
Top loser: Sun Pharma 1,735 ▼ 5 (-0.3%)
Glenmark Pharma reverses losses; stock trades 4% higher post Q1 results announcement
After slipping in the early trade, shares of Glenmark Pharma made a remarkable turnaround in the late morning deals on Friday, August 16. The stock rallied as much as 5.7% to ₹1,576.65 on the BSE. At 12:09 pm, shares were trading at ₹1,553.10, up 4.16%. The pharma company declared their June quarter (Q1 FY25) earnings on Wednesday, wherein it reported over a two-fold increase in the consolidated net profit to ₹340 crore for the first quarter ended June 30. Read more
Ola Electric shares hit 20% upper circuit on 32% revenue growth and launch of three e-motorcycles
Ola Electric shares hit their upper circuit on Friday after the electric two-wheeler maker’s revenue jumped 32% to ₹1,644 crore in the first quarter of the current financial year. The company had reported a revenue of ₹1,243 crore a year back. The stock gained 20% to ₹133 apiece to hit the upper circuit in the National Stock Exchange (NSE). Ola Electric reported a consolidated loss of ₹347 crore for the latest June quarter of fiscal 2024-25 compared to ₹267 crore in Q1 FY24. Read more
Mahindra & Mahindra shares rise 3% after Thar ROXX launch in Kochi at starting price of ₹12.99 lakh
M&M said advanced features of the Thar ROXX include twin HD screens – a touchscreen infotainment system and digital instrument cluster. It also offers Harman Kardon branded audio, a panoramic sunroof, luxurious soft touch leatherette dashboard and door trims. The starting price is ₹12.99 lakh for MX1 petrol model and ₹13.99 lakh for diesel. According to the latest disclosed prices, the highest price for a variant stands at ₹20.49 lakh. Read more