Shares of Neuland Laboratories cracked over 13 percent in intra-day deals on Monday after the pharma firm's March quarter results (Q4FY24) missed Street expectations.The company's net profit fell 20 percent year-on-year (YoY) in Q4FY24 to ₹67.6 crore as against ₹84.5 crore in the same quarter last year. Meanwhile, its total income also declined 6% YoY to ₹390.4 crore.
Open FlipShares of ABB India surged on Monday following the announcement of an 87.6% jump in net profit for the quarter ending March 31, 2024. What Happened: The company, adhering to a January to December financial year, posted a net profit of ₹459.3 crore. Last year, during the same period, the net profit stood at ₹245 crore.
Open FlipBrokerage firm Jefferies upgraded BOB to a buy, Citigroup has a buy rating on Polycab, Jefferies maintained a buy rating on Eicher Motors & Morgan Stanley downgraded Tata Motors to Equal Weight. 📌Citigroup on Polycab: Buy| Target Rs 7708 📌Jefferies on Eicher Motors: Buy| Target Rs 6000 📌Morgan Stanley on Tata Motors: Equal Weight| Target Rs 1100 📌Jefferies on BoB: Buy| Target Rs 310
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