Shares of KPIT Technologies jumped 7% to the day’s high of Rs 1,520 on BSE in Monday’s session after the company posted a 47.3% year-on-year (YoY) growth in March quarter profit at Rs 164.4 crore. Its revenue from operations also increased to Rs 13, 178 crore in Q4FY24, up 29% from Rs 10,173.7 crore posted in the same period last year. EBITDA margin during the said quarter stood.
Open FlipMCX shares dropped 6.5% to the day’s low of Rs 3897.90 on BSE after a fresh directive from the Securities and Exchange Board of India (Sebi) will lead to a higher regulatory fee. MCX and BSE were paying regulatory fees on premium turnover to Sebi, while NSE was paying it on notional turnover in the case of derivatives. The regulator payment directive will lead to a higher cost burden.
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