Titan posted its earnings for the quarter ended March after the market closed on Friday. What Happened: The Tata Group company recorded a net profit for the quarter at ₹771 crore, up around 4.7% from the ₹731 crore posted in the same quarter last year. Net profit came in slightly lower in comparison to the expected ₹800 crore. Revenue from operations came in at ₹11,229 crore, up around 27%.
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After Sensex crashed 1,100 points following a report that the Income Tax department is planning some sweeping changes after Lok Sabha elections, Finance Minister Nirmala Sitharaman debunked rumours calling it pure speculation. The report spooked investors with the Sensex declining over 1,100 points and ending 733 points lower.
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Shares of Rane Brake Lining, a prominent manufacturer of brake linings, disc pads, and clutch facings, hit 20% upper circuit limit to reach a 2.5 year high of ₹1,021.40 apiece. Today's rally pushed the stock to gain 124% over the past four years. This surge followed the release of the company's financial results for the fourth quarter (Q4FY24) and full year (FY24) ended March 31st, 2024.
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