Rane Brake Lining s stock hits 2.5 year high of ₹1,021 post the release of its financial numbers. Its profit after tax surged by 28% YoY to ₹15.4 crore in Q4FY24 and ₹40.3 for FY24.The company commenced supplies to the US market with new products for CV segment.
Tech Mahindra surged 10% in intraday trading to ₹1309/share despite lackluster financial results for Q4 FY24 and FY24. The company aims for ambitious objectives by FY27, but brokerage firms like Nuvama, Centrum, and Systematix maintain Reduce or Sell ratings due to near-term challenges.
Metropolis Healthcare s Q4 results show 10% YoY increase in overall revenue, 15% YoY growth in core business revenue. During the current quarter, the company has repaid debt, resulting in a debt-free status as of March 31, 2024.
Shares of Ramco Systems jumped another 13.5% in today s trading session, reaching ₹386.90 apiece to hit a 2-year high. This strong rally has pushed the stock to gain 44% in April so far.
Signature Global achieved record pre-sales and collections in Q4 and FY24, surpassing guidance. Sales realization increased to ₹11,762 per sq. ft in FY24 compared to ₹7,886 per sq. ft in FY23. In terms of volume, the company sold 2.98 million square feet as opposed to 1.41 million square feet.