Ashok Leyland shares surge 7% as UBS recommends 'buy'
The Hinduja Group subsidiary saw a 41% decline in its quarterly consolidated net profits from ₹933.69 crore in Q4 of the previous fiscal to ₹550.65 crore in Q1 of this fiscal year
The Hinduja Group subsidiary saw a 41% decline in its quarterly consolidated net profits from ₹933.69 crore in Q4 of the previous fiscal to ₹550.65 crore in Q1 of this fiscal year
The Union Budget has increased taxation on both Long Term Capital Gain (LTCG) and Short Term Capital Gains (STCG) from sale of equities.
Shares of PNC Infratech surged 17.2% to hit a 52-week high of ₹535.40 apiece on the BSE after the company bagged orders worth ₹4,994 crore from the Maharashtra State Road Development Corporation.
The company managed to break even in the previous quarter and swung back to profitability in the March quarter of FY24.
In the January to March quarter of FY24, the revenue of operations of the auto platform stood at ₹145.27 crore, up 51.5%, as against ₹95.86 crore in the same period last year.
The county’s fourth largest small finance bank is reportedly planning to apply for the universal bank license by May-June 2025.
The company plans to merge Keimed, a promoter-owned wholesale pharma distribution business, with Apollo HealthCo over the next 24 to 30 months.
Analysts at brokerage firm Motilal Oswal gave a 'BUY' rating with a revised target price of ₹2,900 per share.
Despite beating analysts' estimates, in the March quarter of FY24, the company’s consolidated net profit declined by 8% to ₹2,385 crore, as against ₹3,074 crore in the corresponding period last year.
Ace investor and D-Mart founder and chairman Radhakishna Damani reportedly bought an additional 1.51% stake or 2.33 lakh shares of the company on April 15.