New Delhi: Shares of
Redington (India) hit upper circuit during the early trade on Friday after the company reported a healthy growth in net profit in the quarter ended on March 31, 2021.
Net profit of the integrated supply chain solution provider rose 153.78 per cent to Rs 302.51 crore in the March 2021 quarter, against Rs 119.20 crore during the same quarter a year ago.
The scrip surged as much as 20 per cent to Rs 219.05, scaling its new 52-week high. BSE Sensex was up by 331.81 points or 0.65 per cent at 51,447.03 at the time of writing this report. The counter was settled at Rs 182.55 on Thursday.
Shares of Punjab & Sind Bank on Monday closed over 4 per cent higher as the company turned profitable in the fourth quarter of the financial year 2020-21 after eight consecutive quarters of losses. The stock rallied 7.33 per cent to Rs 21.95 during the day on the BSE. It closed at Rs 21.35, a gain of 4.40 per cent. On the NSE, it jumped 3.16 per cent to close at Rs 21.20. The state-run bank turned profitable in the fourth quarter of the financial year 2020-21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans.
May 20, 2021
On the back of significant increase in the demand from the agriculture sector
The country s leading auto parts company, Bosch Ltd, surprised the street with a five-fold increase in net profit to ₹482 crore for the Q4 of 2020-21 because of a significant increase in the demand from the agriculture sector
The company s total income during the quarter rose 40.27 per cent to ₹3,334.79 crore. The company announced a dividend of ₹115 per share for the financial year 2020-21. The capex for the current year has been set at around ₹200 crore.
“Despite facing a spell of near-zero sales in the month of April and May in 2020, there has been a significant increase in the demand from the agriculture sector, mainly the tractor business. The industry showed continued signs of recovery since the second quarter of FY 2020-21, however, it remains impacted due to the uncertainties in the market. International market volatilities in the supply chain will also continue to impac
SEOUL (Reuters) - South Korea s Hyundai Motor Co reported on Tuesday a 57% rise in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars. Hyundai, which together with affiliate Kia Corp is among the world s top 10 automakers, reported a net profit of 1.3 trillion won ($1.18 billion) for October-December, versus 804 billion won a year earlier. That compared with the 1.5 trillion won average of 16 analyst estimates compiled by Refinitiv. ($1 = 1,104.7400 won) (Reporting by Heekyong Yang and Joyce Lee; Editing by Himani Sarkar)
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