Motiwal Oswal has ‘Buy’ tag on metal stock, which dropped 10% in 5 days
SAIL's total net profit fell by 28 percent to Rs 2,478.8 crore in the fourth quarter.
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SAIL's total net profit fell by 28 percent to Rs 2,478.8 crore in the fourth quarter.
According to BSE statistics, the company's shares are currently trading at 703.65 times its trailing 12-month earnings per share of Rs 3.13 per share and 114.57 times its price-to-book value.
In early trade on Wednesday, Indian equity indexes were higher, powered by increases in banking and pharmaceutical firms.
The BSE Sensex was up 187.46 points, or 0.35 percent, at 54,476.07 at 1 p.m. It had a high of 54,476.23 and a low of 54,021.27 during the day.
As global views remain mixed, domestic equity markets are expected to open flat. The SGX Nifty futures were quoted 16,223 levels at 7:26 a.m., indicating a 30-40 point fall for the 50-pack index.
The 30-share BSE benchmark was up 650.9 points to 56,319.93. The NSE Nifty increased by 185.65 points to 16,863.25.
Uma Exports' three-day initial public offering (IPO) began on Monday, March 28, 2022, and ended on Wednesday, March 30, 2022.
The company has announced a surge of 61.37% in its net profit at Rs 38.05 crore for the third quarter.
On the National Stock Exchange, the counter reached a high of Rs 769 versus a low of Rs 742.45.
The company announced late Tuesday it will boost its outstanding shares by a 20-to-1 ratio, intending to attract various small investors.
The non-interest income depreciated by 20 per cent YoY to Rs 1,148 crore but it stationed a sequential growth of 17 per cent.
A sharp decline in stock price has seen Zomato’s market capitalisation (market cap) decline below the Rs 1 trillion mark, to Rs 95,007 crore as of 09:58 am; the BSE data showed.
The funds will be used for expansion into global markets, upgrading technology and scaling up its talent pool.
The trading volume at the counter hopped over five-fold terms with an incorporated value of 25.8 million equity shares switching hands on the NSE and BSE.
The total revenue of the company stood at Rs 9,281 crore at 22 per cent growth compared to Rs 7,542 crore in the year-ago quarter.
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