Fri, Nov 15, 2024 3:50 PM
NTPC Green Energy IPO: Are you eligible to apply under shareholder quota?
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Balaji Amines Ltd on Thursday (November 14) reported an 18.2% year-on-year (YoY) increase in net profit at ₹41 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Balaji Amines posted a net profit of ₹34.7 crore, the company said in a regulatory filing. The company's revenue from operations dipped 8.8% to ₹347 crore.
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State Bank of India (SBI) has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. The tenures for which the interest rates have risen are three months, six months and one year. The bank now charges 8.55 percent on its 3-month tenure instead of 8.5 percent, 8.9 percent instead of 8.85 percent and 9 percent instead of 8.95 percent.
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KR Choksey's research report on Fineotex Chemicals: Fineotex Chemicals reported Q2 revenue of INR 1,457 Mn, up 2% QoQ, with flat YoY growth; PAT rose 9% YoY to INR 321 Mn, aided by Other Income. The stock is valued at 23x FY25E and 16x FY26E EPS; despite revising EPS estimates downward, KR Choksey maintains a "BUY" rating with a target price of INR 476/share.
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