ICICI Securitie's research report on Gujarat Gas: Gujarat Gas (GUJGA) has delivered strong Q4FY24 earnings, with 48% QoQ surge in EBITDA/67% QoQ rise in adj. PAT to INR 5.9bn/INR 3.7bn. The primary beat was on margins (gross margins of INR 10.8/scm vs. our estimates of INR 9/scm), partly offset by lower volumes (9.7mmscmd vs. our estimate of 10.2mmscmd).
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Today, shares of Tiger Logistics (India) Ltd were locked in a 5% upper circuit to Rs 43.09 per share from its previous closing of Rs 41.04. The stock’s 52-week high is Rs 87 and its 52-week low is Rs 34.40 with an ROE of 27% and an ROCE of 38%. In the recent trading session, the stock has been hitting back-to-back upper circuits. The stock gave multibagger returns of 900% in 3 years.
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Bharti Airtel (Airtel) has entered into a long-term collaboration with Google Cloud to provide advanced cloud solutions to Indian businesses which will enable Airtel to offer a range of cloud services from Google Cloud, aiming to accelerate cloud adoption and modernization for its customers with the help of AI and ML. The collaboration focuses on leveraging Google Cloud’s technologies.
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