Fri, Nov 8, 2024 1:02 PM
Indian Metals shares up 10% on robust Q2 net profit, margin improvement
A Flip by Shubhangi Gupta
US ETFs investing in Bitcoin posted a record daily net inflow of $1.38 bn, bolstered by President-elect Donald Trump’s embrace of the digital-asset industry and promise of supportive regulations. BlackRock Inc.’s iShares Bitcoin Trust accounted for about 81% of Thursday’s deluge, which came a day after the ETF’s trading volume jumped to an all-time peak, according to data compiled by Bloomberg.
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Gujarat Gas reported weak sales with a 6.1% YoY and 20.3% QoQ volume decline, leading to a 4% QoQ decline in EBITDA to Rs5.1bn. Despite this, EBITDA/scm improved 19.1% QoQ to Rs6.4. The company cut volume growth guidance to 5-7% YoY, but raised EBITDA/scm guidance to Rs5-6, leading to a "Hold" rating with a target price of Rs565.
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Surya Roshni Ltd., the steel produer, announced on Thursday, November 7, that it will hold a board meet next Thursday, November 14, to consider a bonus issue of shares. The board will also consider the company's September quarter results, along with a dividend proposal, with the bonus issue, during the meeting, the exchange filing said.
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