Posts in category Business Standard
Bharat Dynamics Ltd leads gainers in ‘A’ group (18-05-2024)
Affle India Ltd, Bharat Bijlee Ltd, Kaynes Technology India Ltd and Varroc Engineering Ltd are among the other gainers in the BSE's 'A' group today, 18 May 2024.
Amber Enterprises stock gains 1% after Q4 net rises 9% (18-05-2024)
Amber Enterprises stock update: The company's Q4 consolidated net profit grew 9.1 per cent YoY to Rs 108 crore, while revenue rose 7.1 per cent to Rs 3,003 crore in the March 2024 quarter.
Bharat Dynamics zooms 22% in 3 days; Board to announce Q4 results on May 30 (18-05-2024)
Bharat Dynamics stock price: Over the past one year, Bharat Dynamics stock price has zoomed 116 per cent on the BSE
OYO withdraws DRHP, to refile its much-awaited IPO post refinancing (18-05-2024)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
In preparation for the refinancing, OYO has already moved its application with markets regulator SEBI to withdraw its current draft red herring prospectus (DRHP). The company intends to refile an updated version of the DRHP, after the bond issuance.
Oravel Stays Ltd, OYO's parent company, had in November prepaid a significant chunk of its debt amounting to Rs 1,620 crore through a buyback process. The buyback involved repurchasing 30 per cent of its outstanding Term Loan B of USD 660 million. The move brought down its outstanding loan amount to around USD 450 million.
A source closely involved in the company's IPO .
Zydus Life spurts on reporting robust Q4 numbers (18-05-2024)
Zydus Lifesciences locked in 5% upper circuit of Rs 1,140.45 after the pharma major reported consolidated net profit of Rs 1,182.3 crore in Q4 FY24 steeply higher than Rs 296.6 crore recorded in Q4 FY23.
Kirti Investment reports standalone net profit of Rs 1.44 crore in the March 2024 quarter (18-05-2024)
Sales decline 60.00% to Rs 0.06 crore
Volumes spurt at Balkrishna Industries Ltd counter (18-05-2024)
Balkrishna Industries Ltd saw volume of 14612 shares by 10:00 IST on BSE, a 1.58 fold spurt over two-week average daily volume of 9241 shares
Astral shares crack 5% on sluggish Q4 show; PAT, margins take beating (18-05-2024)
On Friday, Astral, a manufacturer of PVC pipes and plastic products, posted a decline of 11.7 per cent year-on-year (YoY) in its net profits
RVNL rises after PAT climbs 33% to Rs 478 cr in Q4 FY24 (18-05-2024)
Rail Vikas Nigam (RVNL) advanced 3.63% to Rs 301.30 after the company reported 33.16% increase in consolidated net profit to Rs 478.40 crore in Q4 FY24 as compared with Rs 359.25 crore in Q4 FY23.
Board of Tourism Finance Corporation of India approves raising Rs 750 cr via debt (18-05-2024)
At meeting held on 17 May 2024