Yesterday's big news was related to Airtel. Bharti Airtel has made a profit of Rs 3,593 crore in the second quarter of FY 2025. There has been an increase of 168% on annual basis. Shashwat Sharma has been made the new MD and CEO of Airtel. Whereas Swiggy's IPO can open on 6th November. The company has fixed the price band of Rs 371 to Rs 390 per share for this.
Before tomorrow's big news, today's major events to keep an eye on…
- There may be a rise in the stock market today.
- Maruti Suzuki's second quarter results will come.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. Airtel's profit of ₹ 3,593 crore in the second quarter: It increased by 168% on annual basis, Shashwat Sharma became the new MD and CEO.
Telecom company Bharti Airtel has made a profit of Rs 3,593 crore in the second quarter of financial year 2025. There has been an increase of 168% on annual basis. The company had made a profit of Rs 1,340 crore in the same quarter a year ago.
Bharti Airtel's consolidated operational revenue increased 12% year-on-year to Rs 41,473 crore in the July-September quarter. The company's revenue in the same quarter a year ago was Rs 37,043 crore.
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2. Swiggy's IPO may open on November 6: Price band- ₹371 to ₹390; The company will raise Rs 11,700 crore through this
The initial public offer (IPO) of online food delivery platform Swiggy can open on 6 November. Investors will be able to bid for this issue till November 8. The company has fixed the price band of Rs 371 to Rs 390 per share for this. Bloomberg has given this information quoting sources.
Swiggy is planning to raise $1.35 billion (about Rs 11,700 crore) through this issue. According to reports, the company will issue fresh shares worth Rs 4,500 crore for this. Whereas the remaining shares worth Rs 6,800 crore will be sold by existing investors through Offer for Sale (OFS).
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3. Indigo shares fell 8% after poor quarterly results: Gave 35% return this year, company suffered loss of ₹987 crore in Q2FY25
After the results of the second quarter of the financial year 2024-25, the shares of InterGlobe Aviation, the company operating the low-cost airline Indigo, saw a decline of more than 8%. After the day's trading, the stock closed at Rs 4,015 with a decline of 8.04%.
In fact, the company has suffered a loss of Rs 986.77 crore in the second quarter of the financial year 2024-25. In the same quarter (Q2FY24) a year ago, the company had made a net profit (consolidated net profit) of Rs 188.9 crore.
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4. Adani Power's profit declined by 50% in the second quarter: Rs 3,298 crore, revenue increased by 3% to Rs 13,339 crore; Shares rose 66% in one year
Adani Power, a thermal power producing company of Adani Group, has made a net profit (consolidated net profit) of Rs 3,298 crore in the second quarter of the financial year 2024-25. There has been a 50% decline on an annual basis. The company had made a profit of Rs 6,594 crore in the same quarter a year ago.
Talking about operational revenue, it stood at Rs 13,339 crore in the July-September quarter. There has been an increase of 3% on annual basis. In the second quarter of the financial year 2023-24, the company had generated a revenue of Rs 12,991 crore. Income earned from selling goods and services is called revenue.
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5. Suzlon Energy's profit rises 96% to ₹201 crore: Revenue stood at ₹2,093 crore in the July-September quarter; Shares rose 125% in one year
Suzlon Energy has made a net profit (consolidated net profit) of Rs 201 crore in the second quarter of the financial year 2024-25. It has increased by 96% on annual basis. The company had made a profit of Rs 102 crore in the same quarter a year ago.
Talking about operational revenue, it stood at Rs 2,093 crore in the July-September quarter. There has been an increase of 47.70% on annual basis. In the second quarter of the financial year 2023-24, the company had generated a revenue of Rs 1,417 crore.
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6. Waari Energies shares listed at ₹ 2550, up 69.66%: Issue price was ₹ 1503, Deepak Builders shares listed at ₹ 198.50, down 2.22%.
Shares of Vaari Energies Limited and Deepak Builders and Engineers India Limited have been listed on the stock exchange today (28 October). Shares of Vaari Energies were listed at ₹2550 on the Bombay Stock Exchange (BSE), 69.66% above the issue price.
The shares were listed at ₹2,518.00 on the National Stock Exchange (NSE), up 67.53% from the issue price. The issue price of Vaari Energies' IPO was ₹1503 per share. After the day's trading, the stock fell 8.20% to close at Rs 2341 on BSE.
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7. Suzuki recalls 1,056 Hayabusa vehicles: Front brake problem in the third generation model of the sports bike, parts will be replaced for free.
Suzuki Motorcycle India has today (October 28) recalled its most popular sports bike Hayabusa due to a technical fault. The company said that it has issued a recall due to a problem with the front brake of the third generation model of Hayabusa.
This recall involves 1,056 units. This model is being sold in the Indian market since 2021 and is one of the most popular superbikes in India. The Japanese automobile company has given this information in a regulatory filing. The Surpbike takes on the Kawasaki Ninja ZX-10R.
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Know the latest price of petrol, diesel and gas cylinder…
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