The company released its Q3 numbers post market hours on Monday, reporting a net profit of ₹9,094 crore, a robust 18% YoY growth. This was the highest PAT earned during the third quarter of any year since the company’s listing.
Olectra Greentech, part of the MEIL Group and India s largest pure electric bus manufacturer, saw its shares jump 9% to hit a new all-time high of ₹2,048 apiece. The stock has gained 70% in the last three months and 327% in a year, delivering a return of 1019% in just three years.
Shares of TRF, a Tata Group company, hit the 20% upper circuit limit, reaching an eight-year high of ₹393.30 apiece, following the decision against proceeding with the amalgamation process.
Cummins India s impressive Q3FY24 results led to a 10.33% rally in its shares. The company reported its highest-ever quarterly consolidated net profit of ₹455 crore, compared to ₹360 crore in the year-ago quarter, showing a 26.38% YoY improvement.