Shares of Coal India Limited (CIL) gained over 2 percent on May 3 even as the company's earnings for the quarter ended March 2024 missed Street estimates. Despite the disappointing earnings, brokerages maintained 'buy' rating on the stock as they believe that coal remains the dominant fuel in the foreseeable future even as the world is trying to switch to renewable energy.
Open Flip
Market Update at 11:15 AM: In the ongoing trading session, Benchmark indices are trading on a negative note with Sensex moderately declining by 0.43%, while Nifty also plunged by 0.25%. Similarly, in the broader indices Nifty Midcap experience marginal declines of 0.05%, while Nifty Smallcap has slightly declined by 0.06%. India VIX is trading higher by 7.23%.
Open Flip
Reported Standalone quarterly numbers for R Systems International are:Net Sales at Rs 208.86 crore in March 2024 down 7.05% from Rs. 224.71 crore in March 2023.Quarterly Net Profit at Rs. 31.58 crore in March 2024 down 3.47% from Rs. 32.71 crore in March 2023.EBITDA stands at Rs. 43.96 crore in March 2024 down 11.69% from Rs. 49.78 crore in March 2023.
Open Flip
