The company's Q4 reported Ebitda margins expanded by 820 bps YoY at 33.2 per cent on the back of increased scale of business, strong cost optimization and automation efforts
Analysts at Anand Rathi Share and Stock Brokers retain their 'Buy' rating on Lux Industries with a revised target price of Rs 3,344
Jefferies maintains 'buy' rating on the stock with price target of Rs 2,580 per share.
The uptick in metal prices augurs well for domestic metal companies as it would have a positive rub-off on their financial performance, going forward
The technology transfer from Bharat Biotech will enable Hester to provide the drug substance from August 2021 to BB for its vaccine production
In the past three months, the stock outperformed the market by gaining nearly 20 per cent, as compared to 4.6 per cent rise in the S&P BSE Sensex, till Thursday
RCapital (up 5% at Rs 13.37), RCom (up 10% at Rs 2.12), RPower (up 5% at Rs 8.68), Reliance Home (up 5% at Rs 2.73) and Reliance Naval (up 5% at Rs 3.20) from ADAG were locked in upper circuit
The company's revenue from operations during January-March 2021 jumped 58.04 per cent YoY to Rs 855.19 crore
TCS was quoting higher for the fifth straight day, gaining 5% during the period, as compared to 3% rise in the benchmark indices
Earlier in March 2016, the company had issued bonus shares in the ratio of 1:1 i.e. one bonus share for every share held in the company
The progress on divestment and response by potential bidders will be the key monitorable for the stock price performance, ICICI Securities said
As per management, in spite of challenges posed by the pandemic in FY21, the company was able to sustain its revenues and margins due to its diversified portfolio of value-added services
The company's export formulations grew 65.6 per cent YoY to Rs 132 crore, driven by strong growth in regulated and emerging markets
Mahindra Holidays & Resorts, Lux Industries, Dish TV India and Borosil rallied more than 10 per cent on the BSE in intra-day trade
Order book during the quarter jumped 57 per cent year on year at Rs 1,497 crore as against Rs 952 crore, aided by broad based industrial recovery
With the past two day's rally, it has recovered 15 per cent from its recent low of Rs 1,401, hit on May 4, in intra-day trade
The management expects the April-June quarter (Q1FY22) to be relatively weak due to the pandemic and expect to improve gradually from the second quarter
The stock was trading close to its record high level of Rs 522 touched on February 9, 2018
The management said that with the gradual opening of the economy and reopening of outlets, the company saw month-on-month increase in sales from dine-in and delivery channels
The domestic paints industry commands strong pricing power, which is evident from frequent price hikes amid inflationary raw material prices