Shares of Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for the fourth quarter of FY24 … Read more
Shares of Finolex Industries surged 9.6 percent in intra-day deals on Tuesday to their record high of ₹297.55 apiece after the firm announced its March quarter (Q4FY24) results. The firm posted about a 2 percent year-on-year (YoY) rise in its standalone profit after tax to ₹161.43 crore in Q4FY24 on the back of higher revenues … Read more
The stock market experienced volatility throughout last week, ultimately ending nearly unchanged amid conflicting signals. While the overall sentiment was positive initially, fluctuations in global markets coupled with declines in certain major stocks offset much of the gains. Also Read: US Fed to hold rates at 23-year high-mark until inflation cools, slows pace of balance … Read more
Shares of REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today’s rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 … Read more
ICICI Bank’s shares hit a new 52-week high of ₹1145.35 apiece on Monday, rising by more than 3%, after its March quarter (Q4FY24) did not bring any negative surprises. India’s second-largest private lender’s results met analysts’ expectations, reporting an increase in its loan book and net profit. ICICI Bank managed to keep a tight lid … Read more