Nalco jumps over 5% as net profit doubles; Find out what brokerages have to say
National Aluminium Company (NALCO) share price surged over 5% in the early trading session on Tuesday, as the company reported 102% jump in net profit, reaching Rs 996.7 crore in the Q4 results year-on-year. The shares soared as much as 5.79%, reaching an intraday high of Rs 206.30 per share on the NSE.
State-owned Nalco reported a two-fold increase in consolidated profit, reaching Rs 996.74 crore for the March quarter, driven by lower expenses. This is a significant rise from the Rs 495 crore profit recorded in the same quarter of FY23, according to a filing by Nalco to the BSE.
However, the consolidated total income for the quarter declined to Rs 3,663.09 crore from Rs 3,726.76 crore in the previous year. The company’s expenses in the fourth quarter of FY…
Entero Healthcare Solutions IPO open for retail investors; Should you subscribe find out-
Entero Healthcare Solutions opened its subscription to retail investors on February 09. The book-built issue will raise Rs 1,600 crore in total, through fresh issue and offer for sale.
The company has set the IPO’s price band at Rs 1,195 – 1,258 per equity share. The issue will close on February 13 and will be listed on both the bourses, NSE and BSE.
The company will be offering 0.79 crore shares through the fresh issue, raising Rs 1,000 crore. It will raise Rs 600 crore by offering 0.48 crore shares through the offer for sale. A minimum of 11 shares needs to be bided by a retail investor, summing to Rs 13,838.
Byju assures employees of speedy resolution, says he’s not a fugitive, will raise personal debt if required These 70 med…