Tejas Networks shares surged 20% to Rs 1,427.55 on Monday after the company reported a return to profitability in Q2 FY25. The profit after tax (PAT) reached Rs 275 crore, compared to a net loss of Rs 13 crore last year. Consolidated revenue soared six-fold to Rs 2,811 crore, up from Rs 396 crore in the same quarter last year.
Alembic Pharma gets USFDA nod for hypertension treatment drug (21-10-2024)
Alembic Pharmaceuticals has announced that it has received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Diltiazem Hydrochloride Extended-Release Capsules USP, 120 mg.
Tata Consumer shares tanks nearly 10% as Q2 results disappoint. Brokerages slash target prices (21-10-2024)
Revenue from operations for the reported quarter stood at Rs 4,214 crore, up 13% from Rs 3,734 crore in the corresponding quarter of the previous financial year.
Stock market update: Nifty IT index falls 0.51% in a weak market (21-10-2024)
The Nifty IT index was trading 0.51 per cent down at 41890.75.
EPFO adds 18.53 lakh net members in August (21-10-2024)
The Employees’ Provident Fund Organisation (EPFO) has released provisional payroll data for August 2024, revealing a net addition of 18.53 lakh members in the month of August 2024. This represents a 9.07% year-on-year growth compared to August 2023, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFOs effective outreach initiatives. EPFO enrolled around 9.30 lakh new members in August 2024, representing an increase of 0.48% in the new members from the previous year in August 2023. This surge in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO ‘s successful outreach programs.
Suraj Estate raises Rs 343 crore through preferential issue of equity, share warrants (21-10-2024)
Suraj Estate Developers raised Rs 343 crores through equity shares and convertible warrants, targeting land acquisitions and working capital. The funds will enhance growth in residential and commercial real estate.
Au Small Fin Bank rises 0.13% as Sensex slides (21-10-2024)
The stock traded at a P/E multiple of 30.85, while the price-to-book value ratio stood at 0.0.
Cummins India shares fall 0.44 per cent in Monday’s trading session (21-10-2024)
The Relative Strength Index of the stock stood at 47.28 on Monday.
Stock market update: Nifty Realty index flat 0.0% in an upbeat market (21-10-2024)
The Nifty Realty index was trading 0.0 per cent at 1047.35.