Sat, Apr 20, 2024 6:47 PM
These 2 Fintech Stocks Are Set to Soar in 2024 and Beyond
A Flip by Shubhangi Gupta
Aptus Value Housing Finance India on Friday reported a 21% Y/Y rise in March quarter net profit to Rs 164 crore against Rs 135 crore reported in the year-ago period, backed by healthy business expansion. The net profit was Rs 612 crore for FY24, reflecting 22% growth over the preceding fiscal. Its interest rate spread, however, fell 8.71% for the quarter against 8.9% in the year-ago period.
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Britannia announced its Q4FY24 on Friday, May 3, reporting a drop of 3.2 per cent in consolidated net profit at ₹538.28 crore, compared to ₹558.66 crore in the corresponding period last year. The FMCG major's revenue from operations in the March quarter rose three per cent to ₹4,014.07 crore, compared to ₹3,892.02 crore reported in the year-ago period.
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Commercial-stage biotech TG Therapeutics (NASDAQ: TGTX) was having a fine week on the stock exchange, thanks in no small part to an investor-pleasing earnings report. It unveiled its first-quarter fundamentals on Wednesday, and was quite the hot item in subsequent days. According to data compiled by S&P Global Market Intelligence, as of early Friday morning its share price was up by almost 22%.
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