NSE SME listed Trom Industries has reported a 109 percent jump in net profit to Rs 4.13 crore in the April-September quarter of 2024-25 driven by strong order inflow. The Gujarat-based company had reported a net profit of Rs 1.97 crore in the year-ago period, according to an exchange filing.The Solar projects EPC services provider reported a 98.67 percent rise in revenue to Rs 46.23 crore.
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The Central Board of Direct Taxes (CBDT) has started a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in correctly completing the Schedule overseas assets and appropriately reporting income from overseas sources in their income tax returns (ITRs). As part of this campaign, informational messages will be sent via SMS and email to resident taxpayers.
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Indian markets are in a correction phase, with Nifty and Sensex falling 10% from their peak due to weak Q2 results and foreign fund outflows. Many smallcap and midcap stocks have suffered significant losses, while a few have bucked the trend. Analysts expect continued volatility in the short term, but see potential in beaten-down value stocks and a likely bounce in the Nifty index.
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