Hero MotoCorp faces ₹464.6-crore GST penalty; to challenge tax order

Shares of Hero Motocorp Ltd ended at ₹4,241.00, down by ₹45.10, or 1.05% on the BSE.

Shares of Hero Motocorp Ltd ended at ₹4,241.00, down by ₹45.10, or 1.05% on the BSE.

The drug major will appeal against the order. Shares of Sun Pharmaceutical Industries Ltd ended at ₹1,762.90, up by ₹22.95, or 1.32%, on the BSE.

Stocks to watch, Tata Power, Titan, Torrent Power, RVNL, Birla Corp, JB Pharma, JK Tyre, Dhanlaxmi Bank, Metropolis Health, Alkem Labs and more, these are the stocks to watch for today.

The regulator imposed a fine of ₹5 lakh each on DB Realty Ltd (now known as Valor Estate), Vinod Kumar Goenka (Promoter and Chairperson-MD of DB Realty), and Shahid Balwa Usman (promoter and MD), according to a SEBI order.

EBITDA increased 11.2% to ₹72 crore in the third quarter of this fiscal over ₹64.8 crore in the year-ago period. Shares of Metropolis Healthcare Ltd ended at ₹1,739.90, down by ₹17.85, or 1.02%, on the BSE.

Ahead of the earnings announcement, shares of PC Jeweller ended 4.98% higher at ₹14.97 on February 4, up from ₹14.26 in the previous session.

Here are the key highlights of SEBI’s new algo trading framework:

The bank’s asset quality improved with NPA ratios down QoQ. Shares of Dhanlaxmi Bank Ltd ended at ₹24.93, down by ₹0.68, or 2.66%, on the BSE.

EBITDA was up 14.1% to ₹254.5 crore in the third quarter of this fiscal over ₹223.1 crore year-on-year. Shares of JB Chemicals & Pharmaceuticals Ltd ended at ₹1,737.20, up by ₹23.10, or 1.35%, on the BSE.

EBITDA fell 33.4 percent to ₹263 crore, while net profit dropped to ₹31 crore from ₹109 crore a year earlier. Cement sales volume, however, rose 7.1 percent to 4.5 million tons, reflecting a capacity utilisation rate of 92 percent compared…