PL Capital has come out with its third quarter (October-December’ 24) earnings estimates for the Building Material sector. The brokerage house expects Finolex Industries to report net profit at Rs. 87 crore down 8.8% year-on-year (up 113.9% quarter-on-quarter). Net Sales are expected to decrease by 2.8 percent Y-o-Y (up 19.7 percent Q-o-Q) to Rs. 991.6 crore, according to PL Capital.
Open Flip
Shares of drug firm Neuland Laboratories rose nearly 6 percent on January 22 after the company announced that its board of directors approved capital expenditures totalling Rs 342 crore for capacity expansion at its facilities in Telangana. At 11:45 AM, shares of Neuland Laboratories were trading 5 percent higher at Rs 13,812.
Open Flip
Shares of Macrotech Developers are lower by over 5% on January 22, after CEO Abhishek Lodha moved lawsuit in Bombay High Court against younger brother Abhidandan Lodha, seeking to restrain him from using the brand name 'Lodha' or 'Lodha Group', CNBC-TV18 reported.
Open Flip
