Laxmi Organic share price: The company, in a BSE filing, said its fund-raising committee of directors approved the issue and allotment of 9,625,579 equity shares to qualified institutional buyers as a part of its fundraising plans. The shares were allotted at an issue price of Rs 269.20, i.e. at a premium of Rs 267.20, aggregating to Rs 259.12 crore.
Marico Ltd.’s profit in the first quarter ended June rose, in line with estimates, even as volumes declined on steep price hikes.
Net profit of the maker of Parachute hair oil and Saffola cooking oil rose 48% sequentially to Rs 371 crore in the quarter ended June 30, according to its exchange filing. That compares with the Rs 367.7-crore consensus estimate of analysts tracked by Bloomberg.
VIP Industries and LA Opala RG are among companies that will announce their March quarter results today.
Aditya Birla Group firm reported a 13.3 per cent rise in its consolidated net profit to Rs 2,616.64 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 2,309.41 crore during the January-March quarter of the previous financial year.
Infosys: The co-founder of IT giant SD Shibulal purchased shares worth Rs 100 crore of the company through an open market transaction. Shibulal bought over 7.45 lakh shares at an average price of Rs 1,342.05 per share, valuing the transaction at Rs 100 crore, BSE block deal data showed.
AstraZeneca Pharma India, Vardhman Textiles, Laxmi Organics Industries, VIP Industries and LA Opala RG are among companies that will announce their March quarter results today.
DIIs sold equities worth Rs 708 cr
Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 585.36 crore, data available with NSE suggested. DIIs, turned seller to the tune of Rs 707.69 crore, data suggests.
MONEY MARKETS
Rupee: The Indian rupee fell by 13 paise to close at 72.96 against the US currency on Monday, as investors appeared unsure amid lack of cues on the domestic and global front.
10-year bond: India 10-year bond yield dipped marginally 0.08 per cent to 5.97 after trading in 5.97 -5.99 range.