Shares of KEI Industries Limited traded over 2 percent higher to Rs 4,102 on May 3 after the company clocked a profit of Rs 168.5 crore during the quarter, up 22 percent from Rs 138 crore in the year-ago period. At about 10 am, shares of the company were trading at Rs 4,047, up 1.5 percent from the previous close on the NSE. The shares have rallied 25 percent since the start of the year.
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As India’s benchmark equity indices flirt with record highs, investors are turning cautious about valuations becoming too lofty. They have a deluge of other reasons as well to be wary: the outcome of the ongoing general election, geopolitical tensions, soaring crude oil prices, mounting inflation, and delayed rate cuts in the US.
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Reported Standalone quarterly numbers for Vedant Fashions are:Net Sales at Rs 362.27 crore in March 2024 up 7.76% from Rs. 336.18 crore in March 2023.Quarterly Net Profit at Rs. 115.58 crore in March 2024 up 7.96% from Rs. 107.06 crore in March 2023.EBITDA stands at Rs. 198.29 crore in March 2024 up 11.65% from Rs. 177.60 crore in March 2023.
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