Fri, Feb 9, 2024 3:10 PM
Quess shares fall on allegation of being used by co-promoter!
A Flip by Avya Verma
Shares of battery maker Exide Industries will be in focus after the company reported a 13.66% decline in consolidated profit after tax (PAT) to Rs 233.4 crore for the September quarter, impacted by higher expenses. In the same quarter last year, the company posted a consolidated PAT of Rs 270.32 crore. Meanwhile, Exide’s consolidated revenue from operations for the quarter was Rs 4,450 crore.
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Bengaluru-based healthcare services provider Sagility India has raised ₹945.4 crore from 52 anchor investors on November 4. The ₹2,107-crore IPO will open for all investors on November 5 and will close on November 7. This IPO is an offer-for-sale of 70.2 crore equity shares by the Netherlands-based promoter Sagility BV, which is affiliated with EQT Private Capital Asia.
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Benchmark Sensex tanked nearly 942 points to settle at a three-month low while Nifty crashed below 24,000 on Monday dragged down by heavy selling in Reliance Industries and banking shares. Stocks that were in focus include names like 📌IRCTC, which fell 2.01%, 📌IRFC, which was down 3.26%, and 📌Raymond, whose shares jumped nearly 2% on Monday.
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