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Shares of Route Mobile today hit a new high of ?1,006 in intra-day trade when they rose as much as 4.5%. Shares of the cloud communications platform service provider has surged over 26% in the past four sessions. Earlier this week, the company had announced its quarterly numbers. Route Mobile doubled its consolidated net profit […]
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TVS Motors Ltd’s second-quarter margin improvement has gone down well with the Street. The stock got a sharp lift post the results gaining about 7% in trade on Friday. But while the growth story could continue, the valuations are stretching considerably and could act as speed bumps along the way. The revenue growth of about […]
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Bharat Petroleum Corporation Limited (BPCL) on October 29 posted a standalone net profit of Rs 2,247.75 crore for Q2 FY21, up from Rs 2,076.17 crore quarter-on-quarter (QoQ) and Rs 1,708.45 crore year-on-year (YoY). The 31.57 percent YoY jump in net profit beat the street estimates strongly as a CNBC-TV18 poll had estimated the profit to […]
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India’s largest passenger vehicle manufacturer, Maruti Suzuki India, reported a one percent year-on-year growth in Q2 FY21 standalone profit on October 29. However, a 16 percent volume growth pushed revenue 10 percent higher on a year-on-year basis (YoY). Standalone profit increased to Rs 1,371.6 crore in the quarter ended September 2020, against Rs 1,358.6 crore […]
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Pidilite Industries — the manufacturers of the popular Fevicol brand of adhesives — has signed a definitive agreement to acquire the US-based Huntsman Group’s Indian subsidiary for ?2,100 crore on Thursday. “The Board of Pidilite Industries Limited at its meeting held on 28th October, 2020 approved a definitive agreement with Huntsman Group (USA) for acquiring […]
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Hindustan Aeronautics Ltd and Tech Mahindra signed a contract worth ?400 crore for implementation of Enterprise Resource Planning (ERP) to support HAL’s ‘Project Parivartan’. “HAL and TM signed a contract worth ?400 crore recently in Bengaluru for implementation of ERP to support HAL’s ‘Project Parivartan’,” read a statement from HAL. Sujit Baksi, President Corporate Affairs […]
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Two-wheelers have been chugging along in the second quarter with results showing that festival season pre-stocking has helped. However, post the good pent-up demand any moderation in sales could impact revenue growth. So, it’s no surprise that the Hero Motocorp stock has been flat in early trade on Thursday despite its notable Q2 numbers. HMC […]
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KPR Mill share price surged over 12 percent intraday, hitting a 52-week high of Rs 782.95 per share on BSE on October 28 after the company declared its September quarter results. The company reported a quarterly net profit of Rs 112.54 crore, up 3.12 percent from Rs 109.14 crore in the year-ago period. EBITDA came […]
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NEW DELHI: Shares of Bharti Airtel Ltd on Wednesday rallied nearly 9% after the telecom operator reported robust earnings for the September quarter. The stock was also the highest gainer among Nifty 50 stocks in opening trade. Airtel stock rose to ?470.45 on the BSE, while the benchmark Sensex was flat at 40,512.26 points. The […]
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NTPC share price was up 3 percent intraday on October 27 after research firm CLSA maintained a ‘buy’ call on the stock with a target of Rs 140 per share. The research firm is of the view that the company’s portfolio mix augurs well for healthy margin growth, according to a CNBC-TV18 report. The company […]
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