by Hansraj Agrawal | Sep 16, 2024 | Share Market
Last Updated : Sep 16 2024 | 6:05 PM IST
Sales decline 14.26% to Rs 9.14 crore
Net Loss of Marshall Machines reported to Rs 1.46 crore in the quarter ended June 2024 as against net loss of Rs 1.03 crore during the previous quarter ended June 2023. Sales declined 14.26% to Rs 9.14 crore in the quarter ended June 2024 as against Rs 10.66 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales9.1410.66 -14 OPM %-4.8111.91 –PBDT-1.130.04 PL PBT-2.24-1.19 -88 NP-1.46-1.03 -42
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Sep 16 2024 | 5:49 PM IST
Source link
by Hansraj Agrawal | Sep 16, 2024 | Share Market
Last Updated : Sep 16 2024 | 6:05 PM IST
Sales rise 27.32% to Rs 148.85 crore
Net profit of Orient Technologies rose 30.15% to Rs 9.28 crore in the quarter ended June 2024 as against Rs 7.13 crore during the previous quarter ended June 2023. Sales rose 27.32% to Rs 148.85 crore in the quarter ended June 2024 as against Rs 116.91 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales148.85116.91 27 OPM %8.859.05 –PBDT13.3410.06 33 PBT12.489.48 32 NP9.287.13 30
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Sep 16 2024 | 5:49 PM IST
Source link
by Hansraj Agrawal | Sep 16, 2024 | Share Market
Last Updated : Sep 16 2024 | 6:04 PM IST
Reported sales nil
Viaan Industries reported no net profit/loss in the quarter ended June 2024 as against net loss of Rs 0.05 crore during the previous quarter ended June 2023. There were no Sales reported in the quarter ended June 2024 and during the previous quarter ended June 2023.
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Sep 16 2024 | 5:49 PM IST
Source link
by Hansraj Agrawal | Sep 16, 2024 | Share Market
Last Updated : Sep 16 2024 | 6:05 PM IST
Sales decline 18.87% to Rs 871.08 crore
Net profit of Nagarjuna Fertilizers & Chemicals reported to Rs 2453.20 crore in the quarter ended June 2024 as against net loss of Rs 805.45 crore during the previous quarter ended June 2023. Sales declined 18.87% to Rs 871.08 crore in the quarter ended June 2024 as against Rs 1073.63 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales871.081073.63 -19 OPM %-8.04-63.66 –PBDT2481.14-797.09 LP PBT2472.85-809.57 LP NP2453.20-805.45 LP
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Sep 16 2024 | 5:49 PM IST
Source link
by Hansraj Agrawal | Sep 16, 2024 | Share Market
2 min read Last Updated : Sep 16 2024 | 5:33 PM IST
Bajaj Housing Finance (BHF) made a stellar trading debut on Monday, skyrocketing 2.4 times and adding Rs 79,000 crore to its market value. This marks the best-ever listing performance for an initial public offering (IPO) over Rs 3,000 crore, surpassing Tata Technologies’ 2.6 times surge in November last year. On the NSE, BHF shares closed at Rs 165, a gain of Rs 95, or 135 per cent, over the issue price of Rs 70. The stock hit a low of Rs 146 and a high of Rs 165 on the NSE, with nearly Rs 10,000 crore worth of shares changing hands. The stock hit its 10 per cent upper circuit limit over its opening price of Rs 150 per share. At the closing price, BHF was valued at Rs 1.37 trillion, making it the country’s most valuable housing finance company.
The impressive debuts of Bajaj Housing Finance (BHF) and Tata Technologies underscore the domestic market’s willingness to pay a premium for high-quality businesses, particularly those backed by reputable corporate groups, said experts.
BHF’s strong debut follows strong demand for its shares during its Rs 6,560 crore IPO, which saw 67 times more demand than shares on offer and garnered record Rs 3.2 trillion worth of bids. The IPO also saw the highest-ever applications of almost 8 million (after technical rejections).
BHF’s IPO consisted of a fresh issue of Rs 3,560 crore and an offer for sale of Rs 3,000 crore by its parent company, Bajaj Finance. Following the IPO, Bajaj Finance’s stake in BHF has decreased from 100 per cent to 88.75 per cent, valuing its remaining holding at Rs 1.22 trillion. Meanwhile, Bajaj Finance’s shares declined 3.4 per cent to close at Rs 7,342, after a significant run-up in the lead-up to BHF’s IPO.
Given that BHF’s shares hit their upper trading limit, it is likely that the stock might continue its upward march. However, analysts are advising caution as the stock now trades at over six times its estimated book value for financial year (FY) 2025-26. Other listed housing finance company (HFC) peers trade in the range of 0.9x and 3.5x despite a similar or better return on asset profile.
First Published: Sep 16 2024 | 5:24 PM IST
Source link
by Hansraj Agrawal | Sep 16, 2024 | Share Market
Last Updated : Sep 16 2024 | 4:16 PM IST
Indian Rupee appreciated further today as firm equities boosted the local currency. INR currently quotes at 83.87 per US dollar, up 5 paise on the day. The US dollar index continued to slide as focus stayed on upcoming US Fed interest rate decision. Dollar index currently trades down 0.50% at 100.30 mark. Dollar index is at its nine month low right now. The domestic equity indices ended with limited gains on Monday. The Nifty ended around 25,400 level after hitting the days low of 25,336.20 in early afternoon trade. Media, metal and realty shares advanced while FMCG, IT and pharma shares declined. Nifty hit a fresh high in intraday moves.
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Sep 16 2024 | 4:06 PM IST
Source link
