Brokerages increased target prices up to Rs 180 for the auto components maker Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company’s total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 … Read more
Hero FinCorp, a subsidiary of Hero MotoCorp, will raise funds through an initial public offering (IPO), which will comprise a fresh issue of shares worth up to Rs 4,000 crore and an offer for sale by certain existing and eligible shareholders. “This is to inform you that the Board of Directors of the Company in … Read more
Shares of Tata Steel fell 3% in Thursday’s trading session to the day’s low of Rs 168.90 after reporting a 64% decline in its net profit to Rs 611 crore in Q4FY24. The profit was lower by Rs 1,094 crore as compared to the same quarter a year ago and also fell short of D-Street’s … Read more
Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, … Read more
Shares of Campus Activewear on Wednesday rallied 13% after the company reported a 42.6% YoY increase in its PAT for the fourth quarter of the financial year 2024. The company also posted a 4.6% YoY increase in revenue at Rs 363.9 crore while the EBITDA rose by 16% at Rs 66.4 crore vs Rs 57.1 … Read more
Birla Group Holdings Private Limited (BGHPL), a promoter of Grasim Industries, has raised its stake by 4.09% in the company according to an exchange filing by the company on Tuesday. BGHPL’s holding in the company has gone up to 23.18% now from Rs 19.10% at the end of the March quarter. The additional 4.09% stake … Read more
Synopsis The company anticipates order inflow of around Rs 70,000 crore over the next two years compared with the previous forecast of Rs 50,000 crore. The revised outlook reflects a new order prospect of Rs 30,000 crore for the Quick Reaction Surface to Air Missile (QRSAM) from the Army and Air Force, expected to materialize … Read more
Shares of state-run Cochin Shipyard surged 10% to hit a new record high of Rs 2100 in Monday’s trade on BSE after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the … Read more
HYDERABAD: Pharma major Aurobindo Pharma on Saturday said it has posted a 79% jump in consolidated net profit for the fourth quarter ended March 31, 2024, at Rs 907 crore as against Rs 506 crore in the corresponding period of financial year 2022-23.This was on a 17% rise in revenue from operations for Q4FY24 at … Read more
HYDERABAD: Pharma major Aurobindo Pharma on Saturday said it has posted a 79% jump in consolidated net profit for the fourth quarter ended March 31, 2024, at Rs 907 crore as against Rs 506 crore in the corresponding period of financial year 2022-23.This was on a 17% rise in revenue from operations for Q4FY24 at … Read more