Alembic Pharmaceuticals reported a 12.3% profit increase to Rs 153.41 crore for Q2 FY25, with revenue rising 3.3% to Rs 1,647.98 crore. Emcure Pharmaceuticals saw a 38.2% profit surge to Rs 201.55 crore, while Indian Hotels Co Ltd's profit skyrocketed 232.2% to Rs 554.58 crore, driven by strong demand and operational growth.
Tata Power shares surged over 4% following the release of its Q2FY25 results, with several brokerages reaffirming 'Buy' ratings. Elara Securities raised its target price to Rs 518 and upgraded its rating, while Morgan Stanley set a higher target of Rs 577, citing benefits from power transmission capex and green investments.
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