Mon, May 23, 2022 12:38 PM
National Oxygen standalone Net Sales at Rs 12.26 crore in Q4
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Growth stocks have had a wild ride over the last few years, as the tide of investor favor has shifted amid a volatile economic backdrop. No matter what the stock market does in the next few months or years, great companies with long-term competitive advantages can deliver wins for long-term investors with the passage of time.The fresh bull market has reinvigorated many investors.
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Shares of Apar Industries surged 8% on the BSE on Tuesday to hit a new 52-week high of Rs 8,398.95 after the company posted its revenue at Rs 4,455 crore, up 9% YoY. Its PAT declined 3% YoY to Rs 236 crore. The board of directors also announced a dividend of Rs 51 per share for FY24. The EBITDA for the fourth quarter of FY24 was up 3% YoY at Rs 457 crore.
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China's Alibaba Group Holding beat analysts' estimates for fourth-quarter revenue on Tuesday, as a focus on low-cost goods in response to cautious consumer spending helped boost domestic e-commerce sales in the three-month period. Its U.S.-listed shares, however, fell about 3% in premarket trading, as profit fell about 86% in the fourth quarter.
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