EBITDA increased more than double on a year-on-year basis to Rs 395 crore.
Recommendation: Add; Target price: Rs 405
The company announced that it intends to purchase Pargro, a non-banking financial corporation (NBFC) owned by the promoter group.
The currency held up against the growing US dollar at $1.0703 with the chief economist of the European Central Bank expressing his disappointment with the pace of inflation control.
Brent crude futures had increased by 62 cents, or 0.8%, to $80.16 per barrel. At $75.94 a barrel, U.S. WTI crude futures were up 61 cents, or 0.8%.
October 2023, once again saw LIC under pressure as it has lost NBP market share of close to 10 percentage points in a year.
Spot gold was up 0.2% at $1,953.74 an ounce, having hit its lowest level since Wednesday, October 19. US gold futures increased by 0.1% to $1,959.10.
The company’s revenue from operations during the quarter was reported at Rs 15,738 crore.
Petrol and Diesel prices in cities across India on 09-11-2023
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