Wed, Jan 31, 2024 8:58 AM
L&T Q3 misses Street estimates but brokerages remain optimistic
A Flip by Shubhangi Gupta
NEW DELHI: Kansai Nerolac Paints has reported a growth of 18.76 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 114.29 crore in Q4 FY24 as against Rs 96.24 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.The company's net consolidated total income stood at Rs 1,801.92 crore.
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NEW DELHI: Birla Corporation (BCL) has reported a growth of 127.59 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 193.34 crore in Q4 FY24 as against Rs 84.95 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
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In the past trading week, the markets traded in a much wider range. Over the past few days, we had seen the markets and the VIX inching higher, i.e., moving in the same direction. In the previous technical note, we had expressly mentioned this concern as instances of VIX and the Index rising higher simultaneously often end up showing a warning sign of an impending corrective move.
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