The rating agency lifted its rating outlook to positive from stable and maintained the sovereign rating at ‘BBB-‘, which is the lowest investment grade.
Posts in category Business Standard
Volumes soar at IRB Infrastructure Developers Ltd counter (30-05-2024)
IRB Infrastructure Developers Ltd recorded volume of 3087.17 lakh shares by 10:47 IST on BSE, a 62.04 times surge over two-week average daily volume of 49.76 lakh shares
Emami zooms 19%, hits over 2-year high on healthy business outlook (30-05-2024)
The management expects core brands to deliver a healthy all-round growth going forward, aided by recovery in rural areas, a strong summer and forecast of a good monsoon.
Alkem Labs slumps 7% post Q4 show; brokerages see downside up to 15% (30-05-2024)
On Wednesday, Alkem Laboratories reported a 313.9 per cent surge in its consolidated net profit, reaching Rs 293.5 crore in the quarter ending March 31, 2024
Edelweiss Financial slumps after RBI initiates supervisory action against two subsidiaries (30-05-2024)
Edelweiss Financial Services tumbled 13.49% to Rs 67 after the Reserve Bank of India (RBI) announced severe business restrictions against ECL Finance and Edelweiss Asset Reconstruction Company, owing to material supervisory concerns.
Nomura upgrades Eureka Forbes to ‘Buy’, sees 23% upside on cheap valuation (30-05-2024)
Margins, too, analysts at Nomura added, have multiple tailwinds from higher spare/ service revenue, direct-to-consumer sales, and operating leverage, which will drive expansion
Awfis Space Solutions gains on debut (30-05-2024)
Shares of Awfis Space Solutions were currently trading at Rs 448.85 at 10:20 IST on the BSE, representing a premium of 17.19% as compared with the issue price of Rs 383.
Bata India PAT declines to Rs 64 crore in Q4 FY24 (30-05-2024)
Bata India’s consolidated net profit shed 3.01% to Rs 63.65 crore in Q4 FY24 as compared with Rs 65.62 crore posted in Q4 FY23.
Board of Elegant Marbles and Grani Industries recommends final dividend (30-05-2024)
Of Rs 2.75 per share
Bondada Engineering receives LoI from Bharat Sanchar Nigam (30-05-2024)
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