Today’s top morning headlines - 24th May 2024

Good afternoon

Top gainer: HDFC Bank 1,519 ▲ 26 (+1.7%)
Top loser: Adani Ports 1,416 ▼ 26(-1.8%)

:star: Ashok Leyland Q4 results: Net profit up 17% at ₹933 crore, dividend declared
Hinduja group flagship Ashok Leyland Ltd on Friday reported a 16.73% year-on-year rise in consolidated net profit to ₹933.69 crore for the March quarter of FY 2023-24 compared to ₹799.87 crore in the year-ago period. The company’s consolidated revenue from operations increased to ₹13,577.58 crore in the last quarter of FY24 from ₹13,202.55 crore in Q4FY23. Read more.

:star: ICRA reports 22% rise in Q4 PAT at ₹47.05 crore, stock up nearly 20%
ICRA on Thursday announced a 22% year-on-year (YoY) growth in its net profit at ₹47.05 crore in the fourth quarter of the financial year 2024. The company’s consolidated revenue from operations saw a growth of 14% YoY to ₹123.96 crore. Shares of the company were trading nearly 5% higher on Friday following the announcement. Read more.

:star: Uno Minda shares surge over 5% after strong Q4FY24 profit growth
Shares of Uno Minda Ltd, a manufacturer of automotive components, gained over 5% in trade on Friday, May 24, after the company reported strong growth in net profit for the fourth quarter ended March 2024 (Q4FY24). The auto ancillary stock gained as much as 5.4% to hit an intraday high of ₹875 apiece on the NSE. Read more.