Sun, Apr 28, 2024 3:03 PM
This High-Flying Stock Has a $3.7 Billion Secret Weapon
A Flip by Avya Verma
Sanofi India reported standalone net profit of Rs 136.6 crore for the March quarter of FY24, down 28 percent from the year-ago period.The India arm of the French pharma firm Sanofi reported a profit of Rs 190.4 crore in the same quarter of the previous year.Revenue came in at Rs 732.4 crore, down 0.5 percent from the year-ago quarter of Rs 736.5 crore.Exceptional item for the quarter ended March.
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U.S. stock indexes opened higher on Monday, nearing record peaks following a recent run of gains, with investors awaiting key inflation figures this week to gauge the likelihood of interest rate cuts in 2024. The Dow Jones Industrial Average rose 78.4 points, or 0.20%, at the open to 39,591.28. The S&P 500 rose 10.4 points, or 0.20%, at the open to 5,233.08.
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Its outlook for the 2024/25 financial year remains at 2.75%, but the Treasury now expects inflation to fall within the RBA’s target band of 2% to 3% before the start of 2025, according to a statement released Sunday. It also expects inflation to dip faster than previously forecast in the financial year ending June 2024. It will revise its estimate to 3.5% in Tuesday’s budget, down from 3.75%.
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