Produced by: BT Desk
Shares of Varun Beverages Ltd, which have climbed 113 per cent in the past one year and 984 per cent in five years, reported a Varun Beverages Ltd, delivered a strong operating performance in its fourth quarter results and a few analysts increased their earnings estimates and target multiples for the stock following the quarterly earnings.
Action expected after the private sector lender in a filing to BSE said it has received an intimation from the RBI dated February 5 suggesting the regulator has accorded its approval to HDFC Bank Limited for acquiring aggregate holding of up to 9.50 per cent of the paid-up share capital or voting rights of the bank.
Antique said Titagarh Rail has created a manufacturing set-up that is difficult to replicate, and has the capacity to grow its turnover to over Rs 9,000-10,000 crore over the next five years. The brokerage maintained its 'Buy' rating on the stock with a target of Rs 1,252.
The stock surpassed its issue price and market cap crossed Rs 6 lakh crore mark. The firm is trying to retain its market share in a profitable manner through better product mix. Analysts are bullish about new product launches and digital spending.
The Adani Group company has signed a mutual support agreement with Inox India to strengthen the LNG ecosystem in India. Under this, the firm and Inox India will collaborate for the delivery of LNG and LCNG equipment and services.
Commercial vehicle maker scored a 60.5 percent on-year growth in net profit at Rs 580 crore for the quarter ended December FY24, beating estimates and backed by strong operating numbers. Revenue from operations grew by 2.7 percent YoY to Rs 9,273 crore for the quarter.
JK Maxx Paints, the step-down subsidiary of JK Cement, has approved the Scheme of Amalgamation of Acro Paints with JK Maxx Paints on a going concern basis.
The logistics firm recorded consolidated profit of Rs 9.99 crore for the quarter ended December FY24, falling 42 percent compared to the year-ago period despite lower input costs.
The unmanned aircraft systems maker clocked net profit at Rs 14.8 crore for the October-December period of FY24 against a loss of Rs 7.8 crore in the same period last year, backed by healthy topline and operating numbers.
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