Indraprastha Gas, a gas distribution company, has gone through a price-wise and time-wise correction after hitting a high above 600 levels in September 2021.The recent price action suggests that the stock is on the verge of breaking out from a Triangle pattern on the monthly charts. A close above 460-470 levels will open room for the stock to head towards the 500 level, suggest experts.
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📌Godrej Consumer Products has posted a net loss of Rs 1,893.2 cr for Q4FY24. 📌LTIMindtree has received a tax demand order of Rs 155.7 cr from the Department of GST. 📌Gujarat Fluorochemicals has reported consolidated net profit at Rs 101 cr for Q4FY24. 📌Gujarat Gas has registered 86% Q/Q growth in net profit. 📌Tamilnad Mercantile Bank has increased lending rates by 10-15 bps across tenures.
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The revenue that each employee contributes to top IT services companies has been consistently falling ever since the covid-19 pandemic ended, a Mint analysis of companies like Tata Consultancy Services (TCS) Ltd, Infosys Ltd, Wipro Ltd, HCL Technologies Ltd, Accenture Plc and Cognizant Technology Solutions Corp. showed.
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