Thursday, November 28
Gland Pharma shares rallied nearly 12% to Rs 1,799 in Monday's trade on BSE after the company reported a 15.7% year-on-year (YoY) decline in net profit at Rs 163.5 crore for the second quarter of FY25. In the corresponding quarter of the previous fiscal, Gland Pharma posted a net profit of Rs 194 crore.Revenue from operations increased 2.4% to Rs 1,405.8 crore against Rs 1,373.4 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA dipped 8.4% to Rs 297 crore in the second quarter of this fiscal over Rs 324.1 crore Q2 of the previous fiscal.The EBITDA margin stood at 21.1% in the reporting quarter versus 23.6% in the corresponding period in the previous fiscal.Gland Pharma reported R&D expenses amounting to Rs 49.3 crore, accounting for 4.6% of reven
In the 2024 U.S. election, voting times vary across states, impacting when early trends are expected. In November 2020, it took four days after the polls closed for Joe Biden to be declared the winner of the U.S. presidential election. This delay was due to narrow margins in key battleground states, which required recounts, and the large number of mail-in ballots that needed to be processed after Election Day. Additionally, the election took place amid a global pandemic.Since then, some states have updated their election laws to expedite the counting process. However, while the results may be available sooner this time, it is certain that the winner will not be announced on election night itself.Here’s a statewise breakdown in IST to help you follow the results closely:Poll Opening and C
The shares of Ola Electric Mobility fell over 7%, hitting a low of Rs 75.18 on the BSE as the three-month lock-in period expired today.This means that approximately 18.2 crore (182 million) shares of the company, which were previously locked in and prohibited from sale, will now be eligible to be sold. These 18.2 crore represents 4% of the total equity.A 3-month share lock-in period refers to a time frame of a month, during which certain shareholders are restricted from selling or transferring their shares in the market.When a company goes public through an IPO, certain investors are restricted from selling their shares during a "lock-in period" to stabilize stock prices and prevent sudden sell-offs.Typically set at six months but sometimes extending up to a year, this period ensures major
