Mon, Jun 17, 2024 2:37 PM
Lupin appoints Abdelaziz Toumi as CEO of manufacturing subsidiary
A Flip by Shubhangi Gupta
Zscaler's share price surged after the company's fiscal Q3 earnings report, which showed a 32% year-over-year revenue increase to $553.2 million, extending its streak of double-digit sales growth. The company also reported strong free cash flow growth, a solid balance sheet with $2.2 billion in cash and equivalents, and its first profitable quarter with a net income of $19.1 million.
Open Flip
Bharti Hexacom's shares surged 18% to a record high of ₹1,368.60, more than doubling from its IPO price of ₹570 per share. The stock has risen nearly 140% in just two months, with a market capitalization of ₹62,750 crore. The company's revenue from operations rose 22% to ₹6,719 crore in FY2023, while its net profit was ₹549 crore.
Open Flip
JD.com's stock has declined 73% from its early 2021 peak, but the company is poised for growth with its unique business model and cost-competitive edge. With a price-to-earnings ratio of less than 9, the stock is undervalued, and analysts expect earnings to grow at a faster clip. The company's deliberate effort to position itself as a low-price leader is paying off.
Open Flip
