Fri, Sep 29, 2023 9:24 AM
📢 Benchmark indices open on a positive note today; Nifty above 19,500
A Flip by Shubhangi Gupta
Shares of NHPC fell 2.24 percent at open on the NSE on May 18 after reporting a decline in net profits for Q4FY24. At 9:15 am, the stock was trading at Rs 96. The stock has gained over 125 percent in the last one year. On May 17, in a regulatory filing, NHPC reported a 18-percent YoY decline in net profit to Rs 610.93 crore for Q4FY24, against Rs 745.27 cr.
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Media company Zee Entertainment which also runs a streaming platform Zee5 will be cutting down spends on content both for its movie as well as digital business."Need of the hour is to pivot to business to achieve balanced cost structure in order to achieve sustained long term growth. With that backdrop we are looking at every element of the business with the lens of improving performance.
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Balrampur Chini Mills' share price dropped 2 percent to Rs 377 in morning trade on May 18 after the company's fiscal fourth quarter net profit declined.The leading sugar producer announced a net profit of Rs 203.4 crore for the fourth quarter ending March 31, 2024, marking a 20 percent year-on-year (YoY) decline. The company's revenue from operations also witnessed a drop, decreasing 3.8%.
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