Thu, May 2, 2024 2:32 PM
Vedanta shares rally 4% to hit fresh 1-year high. Here’s why
A Flip by Avya Verma
Reported Standalone quarterly numbers for HIL are: Net Sales at Rs 534.10 crore in March 2024 up 4.33% from Rs. 511.94 crore in March 2023. Quarterly Net Profit at Rs. 4.06 crore in March 2024 down 72.77% from Rs. 14.91 crore in March 2023. EBITDA stands at Rs. 26.56 crore in March 2024 down 30.09% from Rs. 37.99 crore in March 2023. HIL EPS has decreased to Rs. 5.38 in March 2024.
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Tracking subdued global market cues gold prices on MCX for June futures contracts fell by Rs 96 or 0.13% to trade at Rs 72,884 per 10 grams on Friday. Meanwhile, MCX July silver contracts fell by Rs 145 or 0.17% to Rs 87,155 per kg.Traders reconsidered interest rates following Federal Reserve comments about the need for further inflation reduction.
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Biocon Ltd's fourth-quarter revenue was mostly in-line with street estimates. The key highlight of the quarter was core biosimilar sales at $282 million, growing by 10% quarter-on-quarter driven by market share gains across molecules. On Friday, shares of Biocon opened a percent higher and were nearing their 52-week high levels of ₹321.20.
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