Tue, Apr 30, 2024 10:47 AM
Tata Chemicals share price falls over 4% on weak Q4 results
A Flip by Shubhangi Gupta
Shares of Sudarshan Chemicals Ltd., a pigments supplier, gained a little over 14% to hit an all-time high of ₹881.50 apiece on the NSE on Tuesday. This comes after the company posted its highest-ever income from operations in the March quarter, majorly contributed by healthy growth in domestic sales. Sudarshan Chemicals' export revenues saw a growth of over 2%, domestic revenue over 15%.
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Bandhan Bank's shares are expected to be in the spotlight on Tuesday (May 21) following a significant decline in Q4 earnings. The bank's performance has prompted analysts to reassess their positions, highlighting concerns around provisioning, loan write-offs, and management transitions. Kotak Institutional Equities has maintained a 'Buy' rating with a target price of ₹250 per share.
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Reported Consolidated quarterly numbers for Chemplast Sanmar are: Net Sales at Rs 1,050.72 crore in March 2024 down 8.38% from Rs. 1,146.83 crore in March 2023. Quarterly Net Loss at Rs. 31.13 crore in March 2024 down 167.56% from Rs. 46.08 crore in March 2023. EBITDA stands at Rs. 33.60 crore in March 2024 down 73.82% from Rs. 128.35 crore in March 2023.
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