Top gainer: Eicher Motors 4,848 ▲ 271 (+5.9%)
Top loser: Asian Paints 2,982 ▼ 22 (-0.7%)
Bharat Rasayan shares hit 20% upper circuit after Q1 profit soars
Chemical manufacturer Bharat Rasayan’s shares hit their upper circuit on Friday after consolidated profit after tax (PAT) jumped 508.1% in the first quarter of financial year 2024-25. The stock was trading at ₹12,815.1, up 20%, to hit upper circuit on the NSE in the morning trade. The consolidated PAT of Bharat Rasayan rose 508.1% to ₹43.1 crore in the latest June quarter as against ₹7 crore in the year-ago period. Read more
LIC shares gain over 2% after insurance behemoth reports 10% YoY rise in PAT
Shares of Life Insurance Corporation of India (LIC) were on investors’ radar on Friday, August 9, a day after the company reported its June quarter (Q1 FY25) results. The state-owned life insurer on Thursday reported a 10% rise in its net profit to ₹10,461 crore in the June 2024 quarter.The life insurance behemoth reported a net profit of ₹9,544 crore in the year-ago period. Read more
Eicher Motors shares jump 4% after Q1 net profit rises 20%
Shares of Royal Enfield-maker Eicher Motors jumped on Friday, August 9, after the company announced its earnings for the first quarter of the financial year 2024-25. The stock was trading 4% higher at ₹4,760.4 apiece on the National Stock Exchange (NSE) in the early trade. It gained 3.8% to ₹4,754.3 on the BSE. Revenue from operations jumped 10.2% to ₹4,393 crore in Q1 FY25 as against ₹3,986 crore in the June quarter last fiscal. Read more