Mon, Jan 13, 2025 4:22 PM
These Midcap stocks are down over 30% from the index peak last year
A Flip by Shubhangi Gupta
Cable TV services provider Den Networks Ltd on Monday (January 13) reported a 14.6% year-on-year (YoY) decline in net profit at ₹40.3 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, DEN Networks posted a net profit of ₹47.2 crore, the company said in a regulatory filing.
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HCL Technologies Ltd on Monday reported a higher-than-expected revenue of $3.53 billion in the quarter ended 31 December, a 2.6% sequential rise, boosted by clients in the Americas who account for about two-thirds of the company’s sales. Businesses in the Americas contributed about 81% of the Noida-based company’s sequential incremental revenue of $88 million.
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The initial public offering of Barflex Polyfilms has received decent response from investors till the second day of bidding, January 13, subscribing 4 times with investors buying 1.88 crore equity shares against the IPO size of 47 lakh shares. The flexible packaging materials manufacturer approached capital markets to mobilise Rs 39.42 crore funds via public issue of 65.69 lakh shares.
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