News Overview

For FY24, operating revenue soared by 33.8% YoY to ₹550.4 Crore, with a net profit doubling to ₹103.5 Crore. EBITDA increased by 53.3% to ₹126.8 Crore.

The company appointed law and accounting firms to investigate suspected irregularities and confirmed no similar fraud elsewhere in its portfolio.

Check out the price of Petrol and Diesel in your city today.

Bonus share issuance enables companies to utilize accumulated free reserves, boost Earnings Per Share (EPS), increase paid-up capital, and reduce reserves

The IPO consists of an offer for sale (OFS) of up to 2.93 Crore equity shares by current investors, along with a new equity issue of up to ₹750 Crore.

MRF recorded a 7.6% decrease in net profit for the quarter, from ₹410.7 Crore to ₹379.6 Crore, compared to the same period last year.

The Nifty Realty index exhibited a robust performance, surging by 2.76%, while the Nifty PSU Bank index faced a notable setback, dropping by 3.66%.

Top stocks in today's session can be: Godrej Consumer Products, LTIMindtree, Lupin, Gujarat Gas, Route Mobile, and others.

The NFO is available for subscription from May 06 to May 17. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment.

Despite positive global cues, the domestic market benchmarks ended on a lackluster note due to ongoing concerns about overvaluation in the absence of new positive catalysts, compounded by mixed Q4 earnings reports.