Author: Legal Parivar

TBO Tek’s share price surged by 50% in early trading on Wednesday, opening at ₹1,380 apiece, significantly higher than the issue price of ₹920.

In March 2024, Zomato reported net sales of Rs. 1,824.00 crore, marking a 51.14% increase from Rs. 1,206.80 crore in March 2023. The quarterly net profit for March 2024 stood at Rs. 396.00 crore, showing a significant rise of 117.94% from Rs. 181.70 crore in March 2023. Additionally, EBITDA reached Rs. 458.00 crore in March 2024, up by 120.09% from Rs. 208.10 crore in March 2023.

DLF reported a 61.5 percent increase in its net profit for Q4FY24, reaching Rs 921 crore, and a 33 percent year-on-year growth in net profit for the full fiscal, totaling Rs 2,733 crore. The company’s revenue for the March quarter surged nearly 47 percent year-on-year to Rs 2,135 crore, while consolidated revenue for FY24 stood at Rs 6,958 crore.

On May 15, Cipla witnessed a 4 percent surge in its share price during the opening trade session, following three block deals on the exchanges. These transactions involved approximately 2.04 crore shares, representing a 2.52 percent stake in the drugmaker Cipla.

On Wednesday, in early trading, Siemens share price saw an increase of over 8%, reaching 52-week highs following the announcement of the company’s March 2024 quarter results, which were disclosed after market hours on Tuesday.

Boosted by impressive March quarter (Q4) results, the share price of Thermax surged by as much as 14 percent, reaching a fresh record high of ₹5,347 in early trading on the BSE on Wednesday, May 15.

Today, a total of 84 companies, including Honeywell Automation India, Dixon Technologies (India), Bharat Seats, Mankind Pharma, Power Finance Corporation, Jindal Stainless, and LIC Housing Finance, are set to announce their quarterly earnings for the period from December 2023 to March 31, 2024.

According to outage tracking website Downdetector, Meta’s widely-used social media platforms Facebook and Instagram experienced a global outage, impacting thousands of users. This incident mirrors a similar occurrence in March of this year when numerous users reported being unexpectedly logged out of their Facebook and Instagram accounts.

Go Digit General Insurance offers a range of customizable insurance products covering health, liability, property, marine, travel, and auto insurance.

Aadhar Housing Finance IPO is set to debut on May 15, 2024, amid expectations of a strong listing. Grey market indicators suggest a potential 17% listing gain, with shares predicted to open in the range of ₹365 to ₹380 per share. Market analysts anticipate robust investor interest due to oversubscription and positive market sentiment, projecting a listing price of ₹370 to ₹380 per share. Despite competition, Aadhar Housing Finance’s focus on the low-income housing segment has garnered decent subscription demand, offering an exciting investment opportunity with an expected 10-15% listing gain.