Shares of Voltamp Transformers Ltd. are down over 8% on Friday despite the company declaring its highest ever dividend payout. On Thursday, the industrial electricity transformer manufacturer announced a dividend of ₹90 per share, for the year that ended on March 31, 2024. Last year, the company had announced a final dividend of ₹40 per share along with a special dividend of ₹20 per share.
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Following a strong show by Adani Ports in the March quarter, brokerages increased target prices on the Nifty stock. Global brokerage firm Citi is among the biggest bull on the counter and has given a target price of Rs 1,782, which signals an upside potential of 32% from the current market price.Shares of Adani Ports, which have rallied 100% in the last 1 year.
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Reported Standalone quarterly numbers for Dhampur Sugar Mills are:Net Sales at Rs 561.59 crore in March 2024 down 15.73% from Rs. 666.44 crore in March 2023.Quarterly Net Profit at Rs. 51.69 crore in March 2024 down 10.71% from Rs. 57.89 crore in March 2023.EBITDA stands at Rs. 100.54 crore in March 2024 down 4.29% from Rs. 105.05 crore in March 2023.
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