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Top gainer: Divi’s Lab 4,287 ▲ 165 (+4%)
Top loser: Adani Enterprises 3,315 ▼ 69 (-2%)
Divi’s Laboratories’ shares up by 4.5%; Q4 net profit grows 67.6% to ₹538 crore.
Shares of Divi’s Laboratories were trading higher by nearly 4.5% on Monday at ₹4,308 per share as investors reacted positively to the company’s financial results for the quarter and year ended March 31, 2024. The company on Saturday reported a 67.60% year-on-year (YoY) rise in its net profit to ₹538 crore for the fourth quarter of the financial year. Read more.
Nazara Technologies gains over 4.5% after promoter sells over 6% equity via block deal
Shares of gaming company Nazara Technologies Ltd rallied more than 4.5% on Monday, May 27, after its promoter entity Mitter Infotech LLP sold 6.38% of equity, or 48.84 lakh shares, worth around ₹300 crore in a block deal. It infored the stock exchanges that Mitter Infotech LLP sold 48,84,000 equity shares, representing 6.38% of the issued share capital, to Plutus Wealth Management LLP through an on-market transaction on May 27. Read more.
Cochin Shipyard shares up by 7% as Q4 profit rose to ₹258 crore
Shares of Cochin Shipyard surged 7% in opening trade before paring some gains after the company posted blockbuster results. Cochin Shipyard’s Q4 profit jumped to ₹258 crore compared to ₹39.33 crore in the corresponding period last year. The company’s consolidated revenue from operations saw a growth of 114.31% year-on-year (YoY) to ₹1,286 crore. Read more.