Buzzing Shares: Lupin, Raymond, Mahanagar Gasoline, Mankind Pharma shares and others in focus
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Outcomes on Might 9: Lupin, Raymond, Reliance Infrastructure, Apollo Tyres, Birla Company, Castrol India, Chalet Resorts, Eveready Industries India, Godrej Agrovet, Hatsun Agro Product, Indraprastha Gasoline, JM Monetary, KSB, Latent View Analytics, Matrimony.com, Nazara Applied sciences, Nuvoco Vistas Company, Rain Industries, Delivery Company of India, SRF, Suven Life Sciences, and Westlife Foodworld will likely be in focus forward of quarterly earnings on Might 9.
Mahanagar Gasoline: The pure fuel distribution firm has recorded a 56.2% quarter-on-quarter development in revenue at Rs 268.81 crore for March FY23 quarter, pushed by wholesome working efficiency. Income fell 3.6 % sequentially to Rs 1,610.5 crore, with volumes declining 1.16% QoQ. Numbers, barring topline, have been above estimates. The corporate introduced last dividend of Rs 16 per fairness share.
Andhra Paper: The paper and pulp producer has clocked a 168% year-on-year development in revenue at Rs 153.9 crore for quarter ended March FY23, pushed by wholesome topline, and working numbers. Income from operations grew by 38.55% to Rs 590 crore in comparison with year-ago interval.
Carborundum Common: The Murugappa Group firm has recorded a 140.4% year-on-year development in consolidated revenue at Rs 137.1 crore for March FY23 quarter on sturdy working and topline numbers. Income elevated by 38% to Rs 1,199.6 crore in comparison with identical interval final 12 months with good development in all segments together with abrasives, ceramics and electro minerals. The corporate introduced a last dividend of Rs 2 per share for FY23.
VIP Industries: The baggage and luggage producer has posted internet lack of Rs 4.3 crore in March FY23 quarter, towards revenue of Rs 12.4 crore in identical interval final 12 months. The corporate had an distinctive lack of Rs 47.21 crore regarding a lack of property, plant and gear and inventories that have been destroyed because of a serious fireplace at a plant of Bangladesh subsidiary in Q4FY23. Income grew by 27% YoY to Rs 450.6 crore.
Godrej Client Merchandise: Godrej Client has accomplished acquisition of FMCG enterprise of Raymond Client Care. On April 27, the corporate had introduced the proposed acquisition of FMCG enterprise of Raymond Client Care by the use of a stoop sale. RCCL is a number one participant within the deodorants and sexual wellness classes in India.
CG Energy & Industrial Options: The corporate mentioned board has reappointed Natarajan Srinivasan as Managing Director with impact from November 26, 2023, as much as April 30, 2025.
Cover Finance: The board of administrators has authorized the re-appointment of Lalit Kumar Tapadia as a Managing Director for a interval of 1 12 months, topic to approval of shareholders of the corporate.
Pidilite Industries: The adhesive manufacturing firm has recorded a 11.3% year-on-year development in consolidated revenue at Rs 283.03 crore for quarter ended March FY23 on good working numbers, Income from operations rose 7.3% to Rs 2,689.25 crore in the identical interval.
Mankind Pharma: The pharmaceutical agency will make its debut on the bourses on Might 9. The problem worth has been mounted at Rs 1,080 per share.