Shares of Avis Budget Group soared Thursday after the car rental company posted better-than-expected results in its first-quarter earnings report, even though the business is still facing challenges. The stock finished up 20.1%. Revenue in the quarter was flat at $2.6 billion, which topped estimates at $2.41 billion. The company said rental days were up 5% from the first quarter of 2023.
Open FlipReported Consolidated quarterly numbers for Ramkrishna Forgings are: Net Sales at Rs 1,023.26 crore in March 2024 up 14.76% from Rs. 891.64 crore in March 2023. Quarterly Net Profit at Rs. 93.85 crore in March 2024 up 37.1% from Rs. 68.45 crore in March 2023. EBITDA stands at Rs. 236.04 crore in March 2024 up 20.55% from Rs. 195.80 crore in March 2023.
Open FlipNifty on Friday ended 172 points lower to form a Doji candle on the weekly chart, which indicates indecisiveness prevailing in the marketplace at the current juncture. Technically, the index closed below the level of 22,500, which has been acting as a minor support for the last couple of days. While this is a negative development, it’s not something that opens a big downside, Tejas Shah says.
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