Crompton Greaves Consumer Electricals, one of the leading consumer companies in India, saw its shares surge by 15% during early morning trading today, reaching a 20-month high of ₹390.40 per share. This increase followed the company's impressive performance in the March quarter, surpassing street estimates, largely due to heightened demand for its fans and air coolers.
Open FlipReported Standalone quarterly numbers for Dynavision are:Net Sales at Rs 2.19 crore in March 2024 up 13.24% from Rs. 1.93 crore in March 2023. Quarterly Net Profit at Rs. 1.64 crore in March 2024 up 50.25% from Rs. 1.09 crore in March 2023. EBITDA stands at Rs. 2.11 crore in March 2024 up 32.7% from Rs. 1.59 crore in March 2023. Dynavision EPS has increased to Rs. 4.26 in March 2024.
Open FlipLogistics and supply chain management company Transport Corporation of India (TCI) plans to acquire two cargo ships worth $35-40 million in the current fiscal to bolster its seaways business. TCI is exploring options from shipbuilding operations in China, Japan, and Korea, expecting to finalize a deal in the second half of the fiscal year.
Open Flip