Market Commentary     07-May-24
Stock Alert
Lupin, Godrej Consumer, Wipro to be watched

On a consolidated basis, net profit of Lupin rose 52.33% to Rs 359.43 crore in the quarter ended March 2024 as against Rs 235.96 crore during the previous quarter ended March 2023. Sales rose 13.04% to Rs 4895.11 crore in the quarter ended March 2024 as against Rs 4330.30 crore during the previous quarter ended March 2023.

Lupin: Received US FDA approval for Travoprost Ophthalmic Solution USP for treating glaucoma.

On a consolidated basis, Godrej Consumer Products reported net loss of Rs 1893.21 crore in the quarter ended March 2024 as against net profit of Rs 452.14 crore during the previous quarter ended March 2023. Sales rose 6.08% to Rs 3365.11 crore in the quarter ended March 2024 as against Rs 3172.21 crore during the previous quarter ended March 2023.

On a consolidated basis, net profit of Gujarat Gas rose 10.79% to Rs 410.48 crore in the quarter ended March 2024 as against Rs 370.50 crore during the previous quarter ended March 2023. Sales rose 5.23% to Rs 4134.18 crore in the quarter ended March 2024 as against Rs 3928.57 crore during the previous quarter ended March 2023.

On a consolidated basis, net profit of Gujarat Fluorochemicals declined 69.58% to Rs 100.97 crore in the quarter ended March 2024 as against Rs 331.88 crore during the previous quarter ended March 2023. Sales declined 23.00% to Rs 1133.03 crore in the quarter ended March 2024 as against Rs 1471.43 crore during the previous quarter ended March 2023.

On a consolidated basis, net profit of DCM Shriram declined 36.89% to Rs 117.80 crore in the quarter ended March 2024 as against Rs 186.67 crore during the previous quarter ended March 2023. Sales declined 11.96% to Rs 2379.06 crore in the quarter ended March 2024 as against Rs 2702.20 crore during the previous quarter ended March 2023.

Wipro: Partnered with Microsoft to launch AI-powered virtual assistants for financial services.

Mastek: Unveiled its iConniX portfolio to drive AI-led innovation across industries.

Firstsource Solutions: Appointed Hasit Trivedi as President and Chief Digital and AI Officer.

Dajaj Finserv: Bajaj Alliance GIC recorded Rs 2,389 crore in gross direct premium underwritten for April. Bajaj Allianz Life Insurance Company's new business premium stood at Rs 689 crore.

Tamilnad Mercantile Bank: Increased MCLR by 10-15 bps across tenures effective May 7th.

Zee Media: Abhay Ojha stepped down as CEO.

Dajaj Healthcare: Dayashankar Patel appointed as CEO and KMP.

Gujarat Gas: Rajesh Sivadasan appointed as Chief Financial Officer and Key Managerial Personnel.

Gillette India: LV Vaidyanathan resigned as MD.

Tube Investments: To invest Rs 580 crore in TI Clean Mobility.

Orient Electric: Commenced production at its new greenfield plant in Hyderabad.

Previous News
  Wipro to hold board meeting
 ( Corporate News - 03-Oct-24   10:24 )
  Lupin’s Pithampur facility completes USFDA inspection with 3 observations
 ( Hot Pursuit - 28-Sep-24   14:54 )
  Lupin's Pithampur Unit-1 API and finished product facility concludes USFDA inspection
 ( Corporate News - 28-Sep-24   10:40 )
  Newgen Software Technologies Ltd Spurts 2.36%, BSE Information Technology index Gains 1.55%
 ( Hot Pursuit - 27-Sep-24   09:30 )
  Netweb Technologies India Ltd Falls 0.81%
 ( Hot Pursuit - 23-Sep-24   09:30 )
  Wipro allots 90,006 equity shares under ESOP
 ( Corporate News - 20-Sep-24   19:17 )
  Lupin allots 5,893 equity shares under ESOP
 ( Corporate News - 20-Sep-24   12:42 )
  Lupin joins hand with Takeda to Launch Vonoprazan Tablets in India
 ( Hot Pursuit - 18-Sep-24   14:50 )
  Lupin enters into patent license agreement with Takeda
 ( Corporate News - 18-Sep-24   13:43 )
  Lupin gains on inking pact to acquire 43% stake in Sunsure Solarpark
 ( Hot Pursuit - 12-Sep-24   12:26 )
  Wipro builds AI-enabled data analytics solution for JFK International Air Terminal
 ( Corporate News - 11-Sep-24   16:07 )
Other Stories
  Stock Alert: Bajaj Housing Finance, Bajaj Finance, M&M Financial Services, Shilpa Medicare, Bank of Baroda
  04-Oct-24   08:37
  Stock Alert : Hero Motocorp, Dabur India, Maruti Suzuki India, Marico, HDFC Bank
  03-Oct-24   08:38
  Stock Alert: Auto stocks, Kalpataru Projects Intl, Tata Power Company, PC Jeweller, Ultratech Cement
  01-Oct-24   08:28
  Stock Alert: Alembic Pharma, Bajel Projects, Zydus Lifesciences, Lupin, Adani Enterprises, Biocon
  30-Sep-24   08:34
  Stock Alert: Infosys, Indian Bank, Escorts Kubota, Biocon, Jubilant Pharmova
  27-Sep-24   08:34
  Stock Alert: ONGC, Cipla, Vedanta, Infosys, Uno Minda, Hindustan Copper
  26-Sep-24   08:14
  Stock alert: MCX, HDFC Life Insurance, Delta Corp, Gillette India, PC Jeweller
  25-Sep-24   08:23
  Stock Alert: Punjab National Bank, Reliance Power, Coal India, Power Grid Corp, Thangamayil Jewellery
  24-Sep-24   08:25
  Stock alert: Vodafone Idea, Adani Total Gas, Mankind Pharma, BHEL, Tata Steel,
  23-Sep-24   08:32
  Stock Alert: IIFL Finance, NTPC, Reliance Infra, IDBI Bank, Joythy Labs
  20-Sep-24   08:28
Back Top