Hindalco Industries Ltd has added 19.84% over last one month compared to 12.63% gain in S&P BSE Metal index and 7.89% rise in the SENSEX
Nifty Media zoomed nearly by 1%, while Bank Nifty, Nifty IT, Auto also contributed to the winnings soaring marginally.
The IT firms consolidated net profit declined 27.9% to Rs 149.7 crore despite a 5% increase in gross revenues to Rs 1,829.4 crore in Q1 FY23 over Q4 FY22.
The acquisition will be through the purchase of equity shares from the promoter and other exiting shareholders of Moshine for a consideration of up to Rs8.64 crore.
Its net profit increased by 83.6% from Q1 FY22 to Q1 FY23, reaching Rs544.82 crore (up from Rs296 crore).
According to DHL, it raised numerous sets of invoices for warehousing and third-party logistics services it rendered to Eicher Motors during the financial year 2020—21
The benchmark indices traded with moderate gains in the early trade. The Nifty traded near the 16,700 mark. Barring the Nifty IT index, all the sectoral indices on the NSE traded in the green. At 09:26 IST, the barometer index, the S&P BSE Sensex, was up 293.35 points or 0.53% to 55,975.30. The Nifty 50 index added 95.20 points or 0.57% to 16,700.45. In the […]

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