The board also recommended a 1:1 bonus issue, meaning one new fully paid-up equity share of ₹5 will be issued for every existing equity share of ₹5, subject to shareholder consent. Shares of Bharat Rasayan Ltd ended at ₹11,725.00, up…
In a communication to the Association of Mutual Funds in India (AMFI), SEBI referred to Clause 11 of the Seventh Schedule of the SEBI (Mutual Funds) Regulations, 1996, which specifies that mutual funds can invest in equity shares or related…
For the week, the Nifty gained 0.3%, extending its winning run, though gains were modest.
Net profit fell 82.7% year-on-year to ₹3 crore, compared with ₹15 crore in the same period last year. Revenue, however, rose 4% to ₹457 crore from ₹440.3 crore a year ago.
Arvind Sanger, Managing Partner, Geosphere Capital Management said domestic flows have been steady and supportive, with retail and institutional investors showing remarkable maturity, providing a stable base even amid global uncertainty.
Reported credit costs are seen easing by 20 basis points quarter-on-quarter to around 0.7%, after having risen sharply in the previous quarter.
Revenue rose to ₹461.32 crore from ₹424.21 crore a year ago, marking an increase of 8.75% year-on-year and 3.11% sequentially.
Operating profit (EBITDA) grew 15.7% year-on-year to ₹245.7 crore, while EBITDA margin expanded to 29.3% from 27.3% a year ago.
Interestingly, about 2.8 crore shares changing hands compared with the 20-day average of 1.6 lakh.
Crompton Greaves said it will design, engineer, supply, install, test and commission the 2KW solar rooftop system in Andhra Pradesh.