Fri, Nov 8, 2024 12:58 PM
Cochin Shipyard's Q2 earnings gloom sends shares down 5%
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MRF's board announces an interim dividend of Rs 3 per share, with a record date of November 19, 2024, and payment by November 29. The company's Q2 standalone net profit fell 20% to Rs 455 crore, with revenue rising 11% to Rs 6760 crore, and EBITDA dropping 14% to Rs 974 crore. MRF's shares traded 2.7% lower at Rs 1,17,728.65 on BSE.
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GKW Ltd's shares surged 12% to a 52-week high of ₹4,149.9 after announcing a joint development agreement with Anthurium Developers for a 36.87-acre land project in Mumbai, with GKW set to receive a minimum 29.5% revenue share. The project will involve construction of a mixed-use residential and commercial retail project.
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European shares were subdued at the open on Friday on the back of mixed earnings results, while heavyweight luxury firms fell after Richemont's results failed to impress. The pan-European STOXX 600 held firm at 509.9 points as of 0817 GMT, with healthcare leading subsector gains with a 1.1% rise, while basic resources lagged with a 2.4% fall.
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