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| As on Apr 30, 2024 12:00 AM |
Your results on : Hot Pursuit |
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| Profit before tax climbed 36.01% year on year (YoY) to Rs 381.94 crore in the quarter ended 31 March 2024. During the quarter, EBITDA grew 40.6% YoY to Rs 516 crore while EBITDA margin has increased to 12.9%, compared to 10.4% in same quarter last year. The company stated that the profitability was supported by strong sales growth and lower raw material costs. In the automotive division, volumes in the domestic market have seen good growth, supported by strong demand momentum both with the OEMs as well as in the replacement market. Export volumes are also recovering through a gradual pace. In the industrial division, most verticals (such as I-UPS, solar, power, traction, etc.) have recorded double digit growth driven by increase in private/public capex and government?s thrust on building infrastructure. The company?s recent foray into roof-top solar solutions through the brand offering ?Exide Sunday? has started receiving excellent response. On full year basis, Exide Industries' net profit increased 7.29% to Rs 882.82 crore on 11.21% increase in revenue from operations to Rs 16,769.73 crore in FY24 over FY23. Subir Chakraborty, managing director & chief executive officer, said, ?We had one of the best quarterly performances, with sales and operating profits growing by 13% and 41%, respectively. Demand scenario was upbeat, and our diversified and technologically advanced product offerings helped us capture the opportunities across end customer markets. EBITDA margin increased to 12.9% during the quarter from 10.4% in the same quarter last year. For the full financial year, our performance was commendable with sales and operating profits growing by 10% and 19%, respectively. Outlook is positive both for the automotive and industrial verticals and we aim to deliver healthy sales growth and increase in profitability in near-to-medium term. Our lithium-ion cell manufacturing project is progressing well and is expected to be commissioned within defined timelines. We are positive about the future and are very well positioned to capitalize on opportunities both in the lead-acid as well as in the lithium-ion battery space.? Meanwhile, the company's board declared a final dividend of Rs 2 per share for the financial year 2023-24, subject to the approval of shareholders. Exide Industries is primarily engaged in the manufacturing of storage batteries and allied products in India.
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| Revenue from operations (excluding excise duty) declined 2.47% to Rs 1,97,978.23 crore in the quarter ended 31 March 2024 from Rs 2,02,994.07 crore posted in Q4 FY23. The company experienced a 48.15% decrease in profit before tax of Rs 6,332.30 crore in Q4 FY24 compared to Rs 12,214.96 in the same period a year ago. Domestic sales rose 3.49% to 23.737 million metric tons (MMT) while export sales jumped 11.57% to 1.542 MMT in Q4 FY24 over Q4 FY23. The refineries throughput was 18.282 MMT (down 4.66% YoY) and the pipelines throughput was 24.593 MMT (down 2.78% YoY) during the period under review. The company's revenue from Petroleum Products stood at Rs 2,08,289.68 crore (down 4%), Petrochemicals revenue was at Rs 6,908.50 crore (up 9.97%) while revenue from other business activities came in at Rs 9,891.53 crore (up 23.22%) during the quarter. Average Gross Refining Margin (GRM) for the period April ? March 2024 is $12.05 per bbl (April- March 2023: $19.52 per bbl). The core GRM or the current price GRM for the period April- March 2024 after offsetting inventory loss/ gain comes to $11.44 per bbl. On full year basis, the company reported standalone net profit to Rs 39,618.84 crore in FY24, steeply higher than 8,241.82 crore recorded in FY23. Revenue from operations (excluding excise duty) declined 7.75% YoY to Rs 7,74,348.59 in FY24. Meanwhile, the company's board has declared a final dividend of Rs 7.00 per share for FY24. Further, the board has approved implementation of a 1 GW renewable energy (RE) project comprising standalone ground-mounted solar, onshore wind, or wind-solar hybrid projects. The estimated cost is Rs 5,215 crore to be implemented in a phased manner through wholly owned subsidiary. The board has also approved a total investment of Rs 6,518.75 crore (including Rs 5,215 crore project cost and Rs 1,303.75 crore equity) for the said project. Indian Oil Corporation is an Indian government owned oil and gas explorer and producer. As of 31 March 2024, the Government of India held 51.50% stake in the company.
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As compared to Q4 FY23, the company's net profit and revenue jumped 31.69% and 23.02%, respectively. The rise in the revenue was mainly driven by strong growth in Europe, the Middle East and Africa (EMEA) and India region. Total annuity revenue streams (ATS/AMC, support, cloud/SaaS and subscription license) was at Rs 212 crore, with strong growth in support revenues. Revenue from products grew by 24% in Q4 YoY to reach Rs 74 crore. Profit before tax stood at Rs 129.03 crore in Q3 FY24, recording a growth of 33.9% YoY and 61.31% QoQ. EBITDA was at Rs 122.5 crore during the quarter (up 27.1% YoY and up 59.1% QoQ). EBITDA margin improved to 32.7% in Q4 FY24 as compared to 23.8% in Q3 FY24 and 31.6% posted in Q4 FY23. On full year basis, the company?s consolidated net profit jumped 42.14% to Rs 251.61 crore on 27.71% increase in revenue 1,243.83 crore in FY24 over FY23. Meanwhile, the firm?s board recommended a final dividend of Rs 4 per share for FY24, subject to the approval of the shareholders. The record date for payment of the dividend, if any, will be intimated in due course. Diwakar Nigam, chairman & managing director, Newgen Software Technologies, said, ?Our large customer base has been increasing, leading to strong growth in revenue per customer. For the quarter, we have registered our highest ever quarterly revenue at Rs 375 crore in Q4. Profit after tax crossed Rs 100 crores for the first time in a quarter.? Virender Jeet, CEO, Newgen Software, said, ?Our commitment to innovation and delivering value to our customers remains steadfast. During the year, we worked constantly on refining and expanding the capabilities of our platforms and solutions. We have successfully rolled out several new versions, with enhanced features, improved design and deployment journeys, enhanced AI/ML capabilities, improved security, and user-centric upgrades. We have increased revenues from existing customers as well as added 51 new logos in FY?24.? Newgen Software Technologies is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. The scrip hit an all-time high at Rs 992.50 in today?s intraday session.
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The profit after tax was impacted due to one-time tax impacts in the base as well as current quarters. The company said that the PAT was up 50% operationally fueled by product-price mix and productivity interventions. During the quarter, the company reported sales of Rs 998 crore, up 13% YoY, driven by a robust portfolio and premiumization to meet evolving consumer needs, and strong retail execution. Profit before tax stood at Rs 233.94 crore in the March quarter 2024, up 60.72% from Rs 145.56 crore recorded in the same period a year ago . LV Vaidyanathan, managing director of Procter & Gamble Hygiene and Health Care, said, ?We delivered strong top-line growth despite a challenging operating environment, driven by superior products that are delighting and serving consumers? evolving needs. We remain committed to our integrated growth strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority across product performance, packaging, brand communication, retail execution and consumer and customer value productivity, constructive disruption, and an agile and accountable organization. We are confident that these strategies will help us navigate the mid-term and deliver balanced growth and value creation.? Procter & Gamble Hygiene and Health Care is one of India's leading FMCG companies that has in its portfolio WHISPER ? India's leading feminine hygiene brand, and VICKS ? India's No. 1 health care brand and Old Spice.
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KPI Green Energy Ltd, Sun Pharma Advanced Research Company Ltd, Eureka Forbes Ltd and Aditya Birla Capital Ltd are among the other losers in the BSE's 'A' group today, 30 April 2024. Patel Engineering Ltd crashed 8.60% to Rs 57.94 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 38.64 lakh shares were traded on the counter so far as against the average daily volumes of 9.33 lakh shares in the past one month. KPI Green Energy Ltd lost 5.00% to Rs 1808.5. The stock was the second biggest loser in 'A' group.On the BSE, 16866 shares were traded on the counter so far as against the average daily volumes of 62496 shares in the past one month. Sun Pharma Advanced Research Company Ltd tumbled 4.99% to Rs 233.1. The stock was the third biggest loser in 'A' group.On the BSE, 27460 shares were traded on the counter so far as against the average daily volumes of 1.29 lakh shares in the past one month. Eureka Forbes Ltd fell 4.83% to Rs 474.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.83 lakh shares were traded on the counter so far as against the average daily volumes of 2.67 lakh shares in the past one month. Aditya Birla Capital Ltd corrected 3.95% to Rs 231.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 7.66 lakh shares were traded on the counter so far as against the average daily volumes of 5.75 lakh shares in the past one month.
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| Total income stood at Rs 12,706.66 crore in the quarter ended 31 March 2024, up 23.91% from Rs 10,254.63 crore reported in the same period a year ago. Consolidated profit before tax grew 34.05% YoY to Rs 5,229.48 crore in thw quarter ended 31 March 2024. Total expenses climbed 17.69% YoY to Rs 7,477.18 crore during the quarter. Finance cost was at Rs 7,895.71 crore (up 21.54% YoY) and employee benefits expense was at Rs 66.07 crore (up 125.95% YoY). On full year basis, the company's consolidated net profit rose 26.67% to Rs 14,145.46 crore on 20.33% increase in revenue from operations to Rs 47,504.75 crore in FY24 over FY23. Meanwhile, the company's board recommended a final dividend of Rs 5 per share for the financial year 2023-24, subject to the approval of shareholders. Further, the board approved incorporation of project-specific special purpose vehicles (SPVs), as wholly owned subsidiary of REC Power Development & Consultancy (RECPDCL), a wholly owned subsidiary of REC, for two inter-state transmission projects to be implemented through tariff based competitive bidding process. Lastly, the board of directors approved sale and transfer of the entire shareholding of five SPVs, presently held by RECPDCL to the successful bidders selected through tariff based competitive bidding process. REC, a Navratna company under the Ministry of Power, provides financial assistance to the power sector in all segments. It funds its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings.
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MBL Infrastructure Ltd, Swelect Energy Systems Ltd, Digicontent Ltd and Raj Oil Mills Ltd are among the other losers in the BSE's 'B' group today, 30 April 2024. Shiva Mills Ltd crashed 6.84% to Rs 102.85 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 40125 shares were traded on the counter so far as against the average daily volumes of 20347 shares in the past one month. MBL Infrastructure Ltd tumbled 5.02% to Rs 49.53. The stock was the second biggest loser in 'B' group.On the BSE, 17157 shares were traded on the counter so far as against the average daily volumes of 23157 shares in the past one month. Swelect Energy Systems Ltd lost 5.00% to Rs 1318.4. The stock was the third biggest loser in 'B' group.On the BSE, 3580 shares were traded on the counter so far as against the average daily volumes of 10917 shares in the past one month. Digicontent Ltd slipped 4.99% to Rs 22.64. The stock was the fourth biggest loser in 'B' group.On the BSE, 3818 shares were traded on the counter so far as against the average daily volumes of 8950 shares in the past one month. Raj Oil Mills Ltd fell 4.99% to Rs 70.97. The stock was the fifth biggest loser in 'B' group.On the BSE, 9880 shares were traded on the counter so far as against the average daily volumes of 18547 shares in the past one month.
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| Flobal Corporation, a leading provider of plumbing parts for manufacturing industries worldwide for over 100 years, represents a major win for Sprayking. Sprayking, a prominent player in the brass manufacturing sector, aims to leverage its expertise in precision engineering to deliver high-quality hose nozzles that meet Flobal Corporation's exacting standards. Sprayking, formerly known as Sprayking Agro Equipment, is a renowned manufacturer of brass components and parts. Their products include fittings, forging equipment, transformer parts, and more, all customized to meet specific needs. It also manufactures and trades agricultural sprayer parts, garden fittings, extruded brass rods, and lead-free brass fittings. Net profit of Sprayking declined 58.62% to Rs 0.12 crore on 54.27% decline in net sales to Rs 2.41 crore in Q3 December 2023 over Q3 December 2022.
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JM Financial Ltd, Gillette India Ltd, Chemplast Sanmar Ltd, Kalpataru Projects International Ltd are among the other stocks to see a surge in volumes on NSE today, 30 April 2024. SBFC Finance Ltd recorded volume of 737.24 lakh shares by 14:14 IST on NSE, a 33.78 times surge over two-week average daily volume of 21.82 lakh shares. The stock lost 3.71% to Rs.88.25. Volumes stood at 66.23 lakh shares in the last session. JM Financial Ltd clocked volume of 254.87 lakh shares by 14:14 IST on NSE, a 10.94 times surge over two-week average daily volume of 23.29 lakh shares. The stock gained 9.02% to Rs.88.85. Volumes stood at 22.09 lakh shares in the last session. Gillette India Ltd recorded volume of 2.21 lakh shares by 14:14 IST on NSE, a 10.6 times surge over two-week average daily volume of 20804 shares. The stock gained 9.96% to Rs.6,825.25. Volumes stood at 35680 shares in the last session. Chemplast Sanmar Ltd clocked volume of 5.08 lakh shares by 14:14 IST on NSE, a 8.22 times surge over two-week average daily volume of 61816 shares. The stock gained 5.06% to Rs.507.95. Volumes stood at 73070 shares in the last session. Kalpataru Projects International Ltd registered volume of 19.14 lakh shares by 14:14 IST on NSE, a 7.89 fold spurt over two-week average daily volume of 2.43 lakh shares. The stock rose 5.51% to Rs.1,235.00. Volumes stood at 1.81 lakh shares in the last session.
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Among the components of the S&P BSE Metal index, Vedanta Ltd (up 1.5%), Tata Steel Ltd (up 1.02%), Hindalco Industries Ltd (up 0.44%), JSW Steel Ltd (up 0.23%), and Jindal Steel & Power Ltd (up 0.13%), were the top losers. On the other hand, Jindal Stainless Ltd (up 2.34%), APL Apollo Tubes Ltd (up 1.34%), and Steel Authority of India Ltd (up 1.18%) moved up. At 13:41 IST, the S&P BSE Sensex was up 263.61 or 0.35% at 74934.89. The Nifty 50 index was up 92.45 points or 0.41% at 22735.85. The S&P BSE Small-Cap index was up 304.15 points or 0.64% at 47574.2. The S&P BSE 150 Midcap Index index was up 137.38 points or 0.97% at 14305.3. On BSE,2044 shares were trading in green, 1688 were trading in red and 155 were unchanged.
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Among the components of the S&P BSE IT Sector index, Moschip Technologies Ltd (down 4.51%), Birlasoft Ltd (down 2.91%),R Systems International Ltd (down 1.92%),Sonata Software Ltd (down 1.74%),Sasken Technologies Ltd (down 1.73%), were the top losers. Among the other losers were Black Box Ltd (down 1.72%), Tech Mahindra Ltd (down 1.51%), Datamatics Global Services Ltd (down 1.45%), Genesys International Corporation Ltd (down 1.31%), and Vakrangee Ltd (down 1.2%). On the other hand, Newgen Software Technologies Ltd (up 9.71%), Protean eGov Technologies Ltd (up 6.44%), and Magellanic Cloud Ltd (up 5%) turned up. At 13:41 IST, the S&P BSE Sensex was up 263.61 or 0.35% at 74934.89. The Nifty 50 index was up 92.45 points or 0.41% at 22735.85. The S&P BSE Small-Cap index was up 304.15 points or 0.64% at 47574.2. The S&P BSE 150 Midcap Index index was up 137.38 points or 0.97% at 14305.3. On BSE,2044 shares were trading in green, 1688 were trading in red and 155 were unchanged.
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| Revenue from operation increased 24.68% year on year (YoY) to Rs 228.34 crore in the quarter ended 31 March 2024. Profit before tax stood at Rs 94.37 crore in the quarter ended 31 March 2024, up 24.08% as against Rs 76.06 crore recorded in Q4 FY23. During the quarter, EBITDA stood at Rs 104.6 crore, registering a growth of 24.8% as against Rs 83.83 crore recorded in Q4 FY23. EBITDA margin rose by 3 basis points YoY to 45.8% in Q4 FY24. On the segmental front, revenue from domestic mutual fund investor solutions stood at Rs 161.41 crore (up 27.27% YoY), issuer solution stood at Rs 31.50 crore (up 14.15% YoY), international and other investor solutions was at Rs 27.25 crore (up 46.98% YoY) during the quarter. On the other hand, global business services revenue declined 19.64% YoY to Rs 8.18 crore during the period under review. Sreekanth Nadella, managing director and CEO, KFin Technologies said, ?We are delighted to announce another quarter and a full year of strong performance marked by consistent growth and enhanced profitability across our diverse business verticals. The year witnessed a notable uptick in our new client wins and international market engagements, underpinned by a swelling pipeline of deals. This bodes well for our sustained growth trajectory and reaffirms our commitment to become a global fund administrator to service the burgeoning landscape of asset management industry, both in India and globally.? Further, the board has recommended a final dividend of Rs 5.75 per share for the financial year ended March 2024. On full year basis, the company's consolidated net profit increased 25.7% to Rs 246.05 crore on 16.32% rise in revenue from operations to Rs 837.53 crore in FY24 over FY23. KFin Technologies is engaged in providing service of registrar to the public issue of securities, registrar to the securities transfers, and back office operations to mutual fund houses and data processing activities. The counter hit an all time high of Rs 763.40 on the BSE.
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Net Interest Income (NII) rose by 41% YoY to Rs 378 crore in Q4 FY24. Yields improved by 106 basis points to 24.2% while the cost of borrowings declined by 67% basis points to 11.7% in Q4 FY24 over Q4 FY23. Total expenses jumped by 15% YoY to Rs 194 crore in Q4 FY24, due to higher employee expenses (up 65% YoY) and higher other expenses (up 36% YoY). The NBFC-MFI?s pre-provision operating profit (PPOP) for the period under review was Rs 266 crore, up 2% YoY. Impairment on financial instruments in the fourth quarter of FY24 amounted to Rs 94 crore, down 23% YoY. Profit before tax in Q4 FY24 stood at Rs 172 crore, up by 24% from Rs 139 crore in Q4 FY23. New customer addition during the quarter was 4.4 Lacs registering a QoQ growth of 30%. Disbursement for Q4 FY24 added up to Rs 3,970 crore, thereby recording a growth of 30% YoY. Gross collection efficiency was at 99.3% for Q4 FY24 as against 99.9% in Q3FY24. GNPA ratio was on 31 March 2024 was 1.50% as against 2.07% as on 31 March 2023 and 1.61% as on 31 December 2023. NNPA ratio was on 31 March 2024 was 0.30% as against 0.64% as on 31 March 2023 and 0.48% as on 31 December 2023. Provision Coverage Ratio increased to 79.95% in Q4 FY24 from 70.45% in Q3 FY24. For FY24, Spandana Sphoorty recorded net profit and total income of Rs 501 crore (up 488% YoY) and Rs 2,534 crore (up 72% YoY), respectively. AUM as on 31 March 2024 was Rs 11,973 crore, up by 41% from Rs 8,511 crore as on 31 March 2023. Shalabh Saxena, CEO and managing director, said: ?Our Customer Acquisition led growth strategy has resulted in a 41% AUM growth with the company delivering highest ever PAT of ₹501 Cr, GNPA & NNPA improved to 1.50% and 0.30% respectively in FY24. The growth was driven by customer acquisition of 13.9 Lacs in FY24 taking the active customer base of the company to over 3.3 million. While we will continue to sustain the momentum in FY25, we are particularly focused on improving efficiencies and productivity of the distribution.? Spandana Sphoorty Financial is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) with a geographically diversified presence in India. The company offers income generating loans under the joint liability group (JLG) model, predominantly to women from low-income households in rural areas. The scrip rose 0.30% to currently trade at Rs 880 on the BSE.
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The ANDA for Colchicine Capsules was filed by the company?s wholly owned foreign subsidiary Granules Pharmaceuticals, Inc. (GPI). The approved drug is a bioequivalent and therapeutically equivalent to the reference listed drug (RLD) Mitigare Capsules of Hikma International Pharmaceuticals LLC (Hikma). Colchicine Capsules are indicated for prophylaxis of gout flares in adults. The current annual U.S. market for Colchicine Capsules is approximately $55 Million, according to MAT Feb 2024, IQVIA/IMS Health. Granules now have a total of 64 ANDA approvals from the US FDA (63 Final approvals and 1 tentative approvals),? the company said in a statement. Granules India is primarily involved in the manufacturing and selling of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation intermediates (PFIs) and Finished Dosages (FDs). The pharma company's consolidated net profit rose 1.06% to Rs 125.65 crore on 0.82% increase in revenue from operations to Rs 1,155.58 crore in Q3 FY24 over Q3 FY23.
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APL Apollo Tubes Ltd is up for a third straight session today. The stock is quoting at Rs 1578.15, up 1.41% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 22746. The Sensex is at 74968.07, up 0.4%. APL Apollo Tubes Ltd has gained around 4.98% in last one month. Meanwhile, Nifty Metal index of which APL Apollo Tubes Ltd is a constituent, has gained around 7.97% in last one month and is currently quoting at 9268.8, down 0.25% on the day. The volume in the stock stood at 2.49 lakh shares today, compared to the daily average of 4.49 lakh shares in last one month. The PE of the stock is 78.76 based on TTM earnings ending December 23.
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Godrej Consumer Products Ltd is up for a third straight session in a row. The stock is quoting at Rs 1231.7, up 1.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 22746. The Sensex is at 74968.07, up 0.4%. Godrej Consumer Products Ltd has risen around 0.27% in last one month. Meanwhile, Nifty FMCG index of which Godrej Consumer Products Ltd is a constituent, has risen around 1.33% in last one month and is currently quoting at 54332.15, up 0.51% on the day. The volume in the stock stood at 5.78 lakh shares today, compared to the daily average of 9.63 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1234.15, up 0.77% on the day. Godrej Consumer Products Ltd is up 33.39% in last one year as compared to a 25.34% spurt in NIFTY and a 14.36% spurt in the Nifty FMCG index. The PE of the stock is 68.58 based on TTM earnings ending December 23.
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Varun Beverages Ltd is up for a third straight session in a row. The stock is quoting at Rs 1513.3, up 1.83% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 22746. The Sensex is at 74968.07, up 0.4%. Varun Beverages Ltd has risen around 8.31% in last one month. Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has risen around 1.33% in last one month and is currently quoting at 54332.15, up 0.51% on the day. The volume in the stock stood at 11.66 lakh shares today, compared to the daily average of 20.2 lakh shares in last one month. The PE of the stock is 105.37 based on TTM earnings ending December 23.
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Hindustan Zinc Ltd rose for a fifth straight session today. The stock is quoting at Rs 430.9, up 1.57% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 22742.05. The Sensex is at 74967.09, up 0.4%. Hindustan Zinc Ltd has added around 40.75% in last one month. Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has added around 7.93% in last one month and is currently quoting at 9268.8, down 0.29% on the day. The volume in the stock stood at 17.3 lakh shares today, compared to the daily average of 56.33 lakh shares in last one month. The PE of the stock is 23.01 based on TTM earnings ending March 24.
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Muthoot Finance Ltd gained for a fifth straight session today. The stock is quoting at Rs 1700, up 0.13% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 22742.05. The Sensex is at 74967.09, up 0.4%. Muthoot Finance Ltd has risen around 8.72% in last one month. Meanwhile, Nifty Financial Services index of which Muthoot Finance Ltd is a constituent, has risen around 3.49% in last one month and is currently quoting at 21811.2, up 0.58% on the day. The volume in the stock stood at 2.19 lakh shares today, compared to the daily average of 7.08 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1712.7, up 1.39% on the day. Muthoot Finance Ltd is up 65.47% in last one year as compared to a 25.32% spurt in NIFTY and a 14.21% spurt in the Nifty Financial Services index. The PE of the stock is 17.5 based on TTM earnings ending December 23.
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HDFC Asset Management Company Ltd rose for a fifth straight session today. The stock is quoting at Rs 3876.05, up 2.79% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 22742.05. The Sensex is at 74967.09, up 0.4%. HDFC Asset Management Company Ltd has added around 2.4% in last one month. Meanwhile, Nifty Financial Services index of which HDFC Asset Management Company Ltd is a constituent, has added around 3.49% in last one month and is currently quoting at 21811.2, up 0.58% on the day. The volume in the stock stood at 7.73 lakh shares today, compared to the daily average of 5.2 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 3916.05, up 3% on the day. HDFC Asset Management Company Ltd is up 114.28% in last one year as compared to a 25.32% gain in NIFTY and a 14.21% gain in the Nifty Financial Services index. The PE of the stock is 41.34 based on TTM earnings ending March 24.
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