Mahindra & Mahindra’s (M&M) rallied 3.05% to Rs 2,372.85 after the company’s standalone net profit jumped 31.58% to Rs 2,038.21 crore on 11.24% increase in revenue from operations to Rs 25,108.97 crore in Q4 FY24 over Q4 FY23.
Posts in category Business Standard
China Stocks climb on housing policy support measures (16-05-2024)
In the latest effort to stem the downturn and reduce inventories, the city of Hangzhou said that it would buy existing homes and rent them out as affordable housing and Hefei would give homebuyers subsidies equivalent to 2% of the values of purchases homes.
GAIL records multi-fold jump in Q4 PAT to Rs 2,469 cr (16-05-2024)
GAIL (India) reported a consolidated net profit of Rs 2,468.71 crore in Q4 FY24, steeply higher than Rs 634.18 crore posted in same quarter last year.
Hong Kong Market climbs on US rate-cut bets, China housing policy support (16-05-2024)
Meanwhile, realty stocks got further boost on supportive measures launched by local Chinese governments to shore up the property market. In the latest effort to stem the downturn and reduce inventories, the city of Hangzhou said that it would buy existing homes and rent them out as affordable housing and Hefei would give homebuyers subsidies equivalent to 2% of the values of purchases homes.
Sebi open to oversight of cryptocurrencies trade, in contrast to RBI (16-05-2024)
India has taken a tough stance against cryptocurrencies since 2018, when RBI prohibited lenders and other financial intermediaries from dealing with crypto users or exchanges
HAL hits record high after recording PAT of Rs 4,309 cr in Q4 FY24 (16-05-2024)
Hindustan Aeronautics (HAL) rallied 7.99% to Rs 4517 after the company’s consolidated jumped 52.19% to Rs 4308.68 crore in Q4 FY24 as compared with Rs 2831.19 crore posted in Q4 FY23.
Bandhan Bank slips 7% on heavy volumes ahead of Q4 results on Friday (16-05-2024)
Bandhan Bank stock price: Average trading volume on the counter surged nearly two-fold with a combined 33.86 million equity shares, representing 2 per cent of total equity of the bank, changing hands
Solar Industries India consolidated net profit rises 14.05% in the March 2024 quarter (16-05-2024)
Sales decline 16.48% to Rs 1610.71 crore
Info Edge (India) reports consolidated net profit of Rs 60.39 crore in the March 2024 quarter (16-05-2024)
Sales rise 8.70% to Rs 657.42 crore
Indoco Remedies consolidated net profit declines 12.05% in the March 2024 quarter (16-05-2024)
Sales rise 2.41% to Rs 439.08 crore