Posts in category Economic Times
GAIL Q4 Results: Profit grows over 3x to Rs 2,177 crore; revenue drops 2% (16-05-2024)
On a sequential basis, profit after tax was down 23% QoQ from Rs 2,843 crore reported in the preceding December quarter. Meanwhile, revenues also dropped 6% compared with the third quarter period.
GP Eco Solutions eyes Rs 35 crore via IPO (16-05-2024)
GP Eco Solutions India Limited (GPES) is planning to raise as much as Rs 35 crore through an Initial Public Offering (IPO) which is expected to hit the markers by month-end, its CEO Deepak Pandey said on Thursday.
Sebi open to oversight of crypto trade, in contrast to Reserve Bank: Report (16-05-2024)
Both sets of documents, which have been seen by Reuters, have been submitted to a government panel which is tasked with formulating policy for the finance ministry to consider. SEBI's stance has not previously been reported.
HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18% (16-05-2024)
HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.
Not fully committing to IT; gung-ho on market infra stocks: Shiv Chanani (16-05-2024)
Shiv Chanani, Fund Manager at Baroda BNP Paribas Mutual Fund, provides insightful analysis on the IT space, auto sector, and the capital market infrastructure spaces. He further emphasizes the impact of uncertainty in the IT industry, changing dynamics in the auto space, and the growth opportunities in capital market infrastructure.
M&M announces final dividend of Rs 21 for financial year 2024 (16-05-2024)
Auto major M&M on Thursday announced a dividend of Rs 21.10 (422%) per share of face value of Rs 5 each, which will be paid out to the eligible shareholders after July 31.
Prism Johnson Q4 Results: Firm posts loss hurt by lower pricing in cement business (16-05-2024)
Net sales fell marginally to 20.46 billion rupees from 20.56 billion rupees a year ago. Revenue from Prism Johnson's largest segment, cement, declined 3.3%. Cement makers usually resort to price cuts in the March-quarter to boost sales volumes, in order to clear year-end inventory backlogs.
Info Edge Q4 Results: PAT rises 18% YoY to Rs 211 crore, revenue up 8% (16-05-2024)
Info Edge's Q4 profit rose 18% to Rs 211 crore with revenue at Rs 608.3 crore. Operating profit margins at 37%. Final dividend of Rs 12 per share announced. Cash balance at Rs 4,191 crore. CFO highlighted 13.2% growth in cash from operations
Oberoi Realty, Ashok Leyland among 5 midcap stocks that hit new 52-week highs on Thursday (16-05-2024)
Five midcap stocks from Nifty200 index managed to hit fresh 52-week highs on Thursday, despite the subdued market sentiment.
Amfi stock classification: Multibaggers BHEL, NHPC, 5 more stocks to likely turn largecaps (16-05-2024)
In the upcoming Amfi Semi-Annual Categorisation for the second half of 2024, seven stocks, including Hero MotoCorp and BHEL, are poised to move to the large-cap category from mid-cap. Stellar rallies have propelled their returns over the past year.