Turnaround stocks: 10 companies that returned to profit in Q4 – Red to Black

Jun 15, 2024, 10:24:53 AM IST In the March quarter of FY24, several companies transitioned from loss-making to profit-making. According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24. Here is the list: Shutterstock.com ​Piramal Pharma clocked a profit of Rs 89.23 crore in … Read more

Zerodha: Zerodha investors booked Rs 50,000 crore profit in 4 years: Nithin Kamath

The equity boom in Indian markets meant that lakhs of investors entered the investing arena, particularly post the pandemic era. This is reflected in the fact that equity investors have realized a profit of Rs 50,000 crore over the last four years and are sitting on unrealized profits of Rs 1 lakh crore on an … Read more

apollo hospitals share price: Apollo Hospitals shares rally 3% after reporting Rs 258 crore profit. Should you buy, sell or hold?

Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more

hero fincorp ipo: Hero FinCorp approves Rs 4,000 crore fundraise via IPO

Hero FinCorp, a subsidiary of Hero MotoCorp, will raise funds through an initial public offering (IPO), which will comprise a fresh issue of shares worth up to Rs 4,000 crore and an offer for sale by certain existing and eligible shareholders. “This is to inform you that the Board of Directors of the Company in … Read more

LIC Q4: LIC Q4 net profit up 2.5%, declares Rs 6/share dividend

Mumbai: Life Insurance Corp. of India (LIC), the country’s biggest insurer, reported a 2.5% increase in net profit to ₹13,762 crore for the March quarter, with wage increases accounted for in the period preventing further expansion in the bottom line. The insurer reported profit of ₹13,421 crore in the same period last year. The solvency … Read more

ashok leyland share price: Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?

Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more

zee entertainment enterprises shares: Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4

Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more

IEX shares rally 9% in 3 days after Q4 results beat

Shares of IEX surged 9% in the last 3 trading sessions on reporting Q4 profit after tax (PAT) at Rs 95.1 crore. IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024. For fiscal year 2024, … Read more

Airtel: Analysts upbeat on Airtel, bet on tariff hike post elections

Mumbai: Most top brokerages raised or retained share price targets on Bharti Airtel, despite the telecom operator’s profits declining in the March quarter, in anticipation of a tariff hike after the ongoing general elections. The stock gained 2.75% to close at ₹1,345.9, after hitting its 52-week high of ₹1,356.85. Analysts see room for more gains … Read more