Fri, Nov 15, 2024 9:34 AM
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A Flip by Avya Verma
Ratnamani Metals & Tubes Q2 Results 2024: Ratnamani Metals & Tubes declared its Q2 results for 2024 on 14 Nov, 2024, revealing a significant decline in its financial performance. The company reported a revenue of ₹971.33 crore, representing a 14.13% decrease year-over-year, and a profit of ₹100.39 crore, which is down 38.74% compared to the same quarter last year.
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Deepak Nitrite's Q2FY25 revenue rose 14.3% YoY to Rs20.3bn, driven by a 29% increase in Phenolics segment revenue, despite challenges in the Advanced Intermediates business. The company announced Rs50bn capex to produce PC resins, aiming to double phenol capacity over 4 years, but near-term headwinds are expected to continue.
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ATV Projects India shares are one of the multibagger stocks the Indian stock market has delivered in recent years. This LIC-owned multibagger penny stock has delivered around 110 per cent YTD return to its positional investors. However, this small-cap stock has a history of providing a stellar return to its investors.
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