Indiabulls Housing Finance Slip 5 percent to Rs 792.20

Indiabulls Housing Finance Slip 5 percent to Rs 792.20 — Shares of the housing finance companies fell after developer rupee bond sales slumped to the lowest in almost four years as investors become more cautious about default risks after the shock from non-payments by Infrastructure & Leasing Financial Services.

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Jet Airways Pares Early Losses After Q2 Results Announcement

Key earnings highlights (Q2, YoY):

✅ Revenue up 9.5 percent to Rs 6,161 crore.

✅ Ebitdar loss at Rs 346 crore versus Ebitdar profit at Rs 837 crore.

✅ Net loss at Rs 1,297 crore versus net profit at Rs 50 crore.

✅ Revenue includes a one-off item of Rs 111 crore.

Shares of the airline operator parred early losses and rose as much as 3.3 percent to Rs 250.20.

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Dr. Reddy’s Labs Drops On Repeat Observations For Duvvada Plant

Dr. Reddy’s Labs Drops On Repeat Observations For Duvvada Plant – Shares of the Hyderabad-based drug maker fell as much as 2.61 percent to Rs 2,389 after it received eight observations, five of them a repeat of 2017 and warning letter of 2015, from the U.S. drug regulator at its Duvvada facility—crucial for future growth prospects in its largest market.

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RBL Bank, Persistent Systems Shares Slip Sharply

Gold Silver Reports (GSR) – RBL Bank Persistent Systems Shares Slip Sharply  — HDFC Bank rose 2.2% to Rs 2010 after the company reported 20.6% increase in its net profit to Rs 5005.73 crore in September quarter from Rs 4151.03 crore a year ago. Persistent Systems Ltd fell 13% to Rs 577.60 after the company reported lower than expected earnings.

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