Last week, global index provider MSCI dropped Adani Total Gas and Adani Transmission from its India index
Revenue declined 29% YoY due to lower offtake of the key products in developed as well as domestic markets and due to Production line shut down in Pashamylaram Penems facility due to line upgradation.
Thus far in the calendar year 2023, the stock has outperformed the market by surging 25 per cent, as compared to 0.55 per cent gain in the S&P BSE Sensex.
Stocks to Watch on Friday: ITC Limited reported a 21.4 per cent YoY growth in standalone net profit at Rs 5,086.9 crore for the March quarter
The company said that the order book for the year stood at a consolidated level stood of Rs 8,788 crore, as compared to Rs 9,410 crore in FY22, down 7 per cent
Despite a reduction in gross margins, the company was able to maintain its EBITDA margin through multiple cost optimization efforts and improved productivity
At 12:11 pm; the stock was up 2.8 per cent at Rs 752.15, with a market capitalisation of Rs 50,154 crore, the BSE data shows.
The Finance Minister's latest Budget for FY 2023-24 has laid emphasis on government commitment to move towards net zero carbon emission by 2070
Jindal Saw's board has also approved, in-principle, to dispose-off its subsidiary Green Ray Holdings Limited, UK along with its step down subsidiary, Derwent Sand SARL, Algeri
The company's sales growth during the quarter, led by footprint addition, but weak like-for-like (LFL), down 0.6 per cent, led to a decline in Ebitda and net profit.
Stocks to Watch on Thursday: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year
The turnaround planned in the US subsidiary had a setback due to poor offtake in the new business developed and even existing business
Shares of Aurionpro Solutions locked in 10 per cent upper circuit at Rs 581.5 in Wednesday's intra-day trade, in an otherwise a weak market on strong growth outlook
Adjusted profit after tax at Rs 300 crore, was lower than estimates of Rs 373 crore, given the weaker than expected operating show, said analysts at ICICI Securities in a note
With an executable order book of over Rs 2,648 crore, the management said the company has visibility of strong growth
The company reported 5.5 per cent growth in Q4 net at Rs 1,180 crore, backed by a 20.8 per cent surge in total income.
For FY24, the management has said that the company is sanguine to achieve a growth of 24%-25% in the gross loan portfolio, NIMs of 12%-12.2% with a steady state credit cost of 1.6%-1.8%
Strong 4G and postpaid subscriber additions along with healthy FCF generation were the key highlights in Q4.
SBI is a sector proxy that benefits from its strong liability franchise and continued favourable sector tailwinds
Analysts believe Aurobindo has multiple growth drivers in place with investments in vaccines, injectables, biosimilars and PLI, which are expected to be reflected from FY24