Borosil Renewables' share price surged 15% in a week, from ₹469.50 to ₹541, driven by the Indian government's Union Budget 2024 announcement to install rooftop solar systems on 10 million homes. Experts predict a further breakout above ₹570, potentially reaching ₹600, citing benefits from the 10% basic customs duty on solar glass imports and increased domestic manufacturing.
Open FlipThe Indian government's Digital Public Infrastructure (DPI) initiative aims to digitize agricultural lands, enhancing transparency and accuracy in land records. This will benefit agriculture-based companies, lending institutions, and IT companies. With precise data, companies can optimize logistics and resource allocation, driving innovation and revenue growth.
Open FlipShares of Valiant Communications Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The stock has gained more than 100 per cent in the last six months.
Open FlipThe RBI's Monetary Policy Committee raised the repo rate by 40 basis points to 4.4% and the cash reserve ratio by 50 basis points to 4.5%. Meanwhile, GST collections reached all-time high of ₹1.68 lakh in April 2022, a 20% increase from last year. Additionally, Franklin Templeton MF discontinued SIP & STP transactions for three international schemes, while Axis MF made changes to its fund managers
Open FlipLatent View Analytics reported Q1 results, with a 21.13% year-over-year (YoY) increase in topline and 19.47% YoY increase in profit. Revenue grew 4.22% quarter-over-quarter (q-o-q) and profit decreased 13.22% q-o-q. The company's operating income decreased 6.86% q-o-q but rose 37.5% YoY. Earnings per share (EPS) was ₹1.88, up 18.24% YoY. The company has a market cap of ₹10,896.25 crore.
Open FlipChembond Chemicals reported a 4.04% YoY decline in topline and a 9.05% YoY decrease in profit for Q1 2024. Revenue dropped 10.57% compared to the previous quarter, while profit rose 18.75%. Operating income fell 25.32% q-o-q and 4.8% Y-o-Y. EPS decreased by 9.06% Y-o-Y to ₹5.92. Despite this, the company has seen strong returns, with a 10.44% gain in the last week, 23.5% in the last 6 months.
Open FlipDe Nora India's Q1 results showed a 39.56% year-on-year revenue growth and a 452.49% profit increase. However, compared to the previous quarter, revenue declined by 21.14% and profit decreased by 49.07%. The company's operating income declined by 57.02% quarter-on-quarter but rose by 647.53% year-on-year. EPS stood at ₹5.43, marking a 454.08% year-on-year growth.
Open FlipShriram Finance reported a 15.38% year-over-year (YoY) increase in topline and an 18.62% YoY profit growth in Q1. Although revenue declined 3.46% quarter-over-quarter (q-o-q), profit rose 0.7% q-o-q. Operating income increased 14.63% YoY, and EPS stood at ₹75.86, up 20.6% YoY. The company's market capitalization is ₹100712 Cr, with a 52-week high/low of ₹3059.45 and ₹1760.1, respectively.
Open FlipAro Granite Industries reported a 26.99% year-over-year (YoY) decline in revenue and a 42.98% YoY drop in profit in Q1 2024. However, compared to the previous quarter, revenue grew by 14.16% and profit increased by 109.3%. The company's operating income decreased by 50.38% quarter-over-quarter and 54.69% YoY. Earnings per share (EPS) stood at ₹0.49, down 44.91% YoY.
Open FlipAdor Fontech's Q1 results showed a 12.35% decline in topline and 19.96% decrease in profit year-over-year. Compared to the previous quarter, revenue dropped 21.17% and profit decreased 44.33%. Selling and administrative expenses rose 20.44% quarter-over-quarter and 7.32% year-over-year. The company's operating income fell 14.54% quarter-over-quarter and 28.45% year-over-year.
Open FlipTTK Prestige reported a 0.05% increase in topline and 13.06% decrease in profit YoY in Q1 2024. Revenue declined 5.56% from the previous quarter, while selling, general, and administrative expenses rose 12.81% q-o-q and 11.49% Y-o-Y. The operating income decreased by 38.48% q-o-q and 18.79% Y-o-Y, with an EPS of ₹3.01, down 13.01% Y-o-Y. The company has a market cap of ₹12,618.03 Cr.
Open FlipIntellect Design Arena's Q1 results showed a 5.17% year-on-year revenue decline and a 20.34% profit drop. Quarterly comparisons revealed a 1.19% revenue decline, but a 2.04% profit increase. Operating income decreased by 16.8% from the previous quarter and 25.94% year-on-year. The Q1 EPS was ₹5.25, a 21.64% drop from last year. The company's market cap is ₹13,744.95 Cr, with a 52-week high/low.
Open FlipAkums Drugs & Pharmaceuticals Ltd is set to debut on the stock market with an Initial Public Offering (IPO). The company aims to raise funds through this public issue, although the exact amount and IPO price band have not been disclosed yet. Investors can expect to gain insight into the company's financial performance and future prospects through the IPO process.
Open FlipThe Securities and Exchange Board of India (Sebi) has banned Vijay Mallya from the securities market for three years for routing funds from his overseas UBS bank accounts to the Indian capital markets between 2006 and 2008. Sebi's investigation found that Mallya used a foreign institutional investor, Matterhorn Ventures, to indirectly trade in shares of his own group entities.
Open FlipBernard Arnault, CEO of LVMH, paid €150 million ($163 million) to be the premium sponsor of the Paris Olympics. In return, LVMH's luxury brands, including Dior, Berluti, Moët & Chandon, Hennessy, Chaumet, and Louis Vuitton, were prominently featured during the opening ceremony, with its products worn by performers and used in the event's productions.
Open Flip