Personal Finance / The Economic Times
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
The Nifty Pharma index closed 0.62 per cent up at 18994.65.
The NBFC announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28.
A total of 77,912 shares changed hands on the counter till 01:43PM (IST).
A total of 267 shares changed hands on the counter till 12:37PM (IST)
Tech Mahindra's shares surge despite profit drop, backed by new CEO's growth strategy. Analysts cautious yet optimistic about the company's future performance and turnaround plan.
Laurus Labs Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 23412.68 Crore) operating in Pharmaceuticals sector.
The S&P BSE Sensex closed 0.66% higher at 74,339, while the NSE Nifty50 index ended above the 22,550 level.
In the Nifty pack, 40 stocks closed in the green, while 10 stocks ended in the red.
Just yesterday, there was a news report which suggested that the French government is planning to block the sale of a French generic drug maker and two Indian pharma companies were in fray to buy it. Now it might just appear to be another news, but probably it signals more than it. It is after years of being bogged down by US FDA and other issues of shrinking margins, The move indicates that at least some of them have reached a point where they can again think of inorganic growth to boost growth
The stock quoted a 52-week high of Rs 640.8 and a 52-week low of Rs 420.1.
Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.
A total of 72,813 shares changed hands on the counter till 10:45AM (IST)
The world's No.3 automaker by sales along with affiliate Kia Corp reported net profit of 3.2 trillion won ($2.32 billion) for the January-March period, down from 3.3 trillion won a year earlier.
March quarter net profit at Unilever's India unit declined to 2,406 crore, below analyst expectations, from 2,552 crore a year earlier. Revenue was little changed at 14,693 crore against 14,638 crore a year earlier.
A total of 2,224 shares changed hands on the counter till 01:38PM (IST)
The stock quoted a 52-week high price of Rs 622.25 and low of Rs 331.1.
The Nifty Bank index was trading 0.5 per cent up at 48210.75.
Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.
On the technical charts, the RSI of the stock stood at 64.24.
The private lender's scheme of arrangement to delist ICICI Securities received approval from the subsidiary's public shareholders in a voting process last month.
The value of new business (VNB) declined 26.4% to 776 crore versus 1,055 crore in the corresponding quarter previous year. The company reported a 17% growth in net premium income to 14,788 crore against 12,629 crore in Q4FY23.
The stock quoted a 52-week high price of Rs 2813.8 and low of Rs 1535.85.
Honasa Consumer, the parent company of skincare brand The Derma Co., saw its shares surge by up to 7.6% to Rs 435 on BSE after announcing The Derma Co.'s achievement of an annual revenue run rate (ARR) of Rs 500 crore.
We would like to inform you that a meeting of the board of directors of the company is scheduled to be held on Thursday, 25th April, 2024, inter-alia, to consider and approve the proposal for issuance of Bonus Equity Shares to the shareholders of the company, Inox Wind said in an exchange filing.
A total of 5,667 shares changed hands on the counter till 11:41AM (IST).
A total of 1,334 shares changed hands on the counter till 10:40AM (IST).
Grill Splendour Services IPO, which was entirely a fresh equity issue of 13.72 lakh shares, received a decent response from investors with an overall subscription of over 6 times.
When you open HDFC Bank HealthCover fixed deposit, you will be eligible for hospital cash cover for the first year. Here are important things to know about HDFC Bank HealthCover FD.
Analysts are confident about Sagar Cements as the ramp-up in new capacities will support the companys revenue growth over two years.
Strong volume growth in automobiles, premiumisation, export opportunities and operating leverage benefits will drive the performance of auto ancillary stocks.