Dr Reddy’s Laboratories board announces 1:5 stock split
Additionally the company has also announced that each American Depositary Share (ADS) will still represent 1 equity share. As a result, the number of ADSs held by each American Depositary Receipt holder will increase in proportion to the increase in equity shares.
NTPC board declares August 7 as record date for Rs 3 dividend
Earlier in the month of May, NTPC had announced a dividend for its shareholders along with the declaration of its Q4 results for the financial year 2024.
Dr. Reddy’s Lab Q1 Results: Profit down 1% to Rs 1,392 crore but revenue jumps 14%
While announcing the quarterly numbers, the company’s board also approved split of equity shares in the ratio of 1:5, which means that 1 existing share will split into 5. The company said its revenue growth during the quarter was largely driven by growth in global generics revenues in North America as well as India.
PNB Q1 Results: Q1 profit after tax jumps 159% YoY, NII rises 10%
Punjab National Bank saw a 159% rise in net profit to Rs 3,252 crore for the June 2024 quarter. Net interest income grew by 10% while total income increased by 12.5%. The GNPA ratio improved to 4.98%, and NNPA declined. The bank’s global business and deposits also showed notable growth. Shares closed nearly 2% higher.
NTPC Q1 Results: Standalone PAT rises by 11% YoY, revenues up 13%
The total income of the company also rose by 13.5% to Rs 45,053.04 crore while its total expenses were recorded at Rs 38,276.03 crore in Q1FY25. The total expenses increased by Rs 4,748 crore on a YoY basis.
IDFC First Bank Q1 Results: Profit falls 11% to Rs 681 crore, NII jumps 25%
The pre-provisioning operating profit rose 25.5% to Rs 1,882 crore as compared to Rs 1,500 crore in the corresponding quarter of the previous fiscal year. During the quarter, IDFC First Bank’s GNPA came to 1.9%, a drop of 2 bps sequentially. The net NPA rose up marginally by 1 bps to 0.59% quarter-on-quarter.
REC declares interim dividend of Rs 3.50. Check record date
Additionally, the company has also informed that the record date for the purpose of determining the eligible shareholders for the dividend payout has been fixed as August 9.
Concurrent Gainers: These 8 stocks gained for 5 days in a row
In the five trading sessions ending July 26, the Sensex benchmark index increased by 0.90%, closing at 81,332, even though it ended negatively in four of those sessions. ETMarkets identified five stocks from the BSE500 that exhibited consistent price gains during this period. (Data Source: ACE Equity)
Ceigall India opens bid for IPO on August 1. Check dates, other details
The IPO consists of a fresh issue of shares worth Rs 617.69 crore and an offer for sale (OFS) of up to 1.42 crore shares with a face value of Rs 5 per share.
ICICI Bank Q1 Results: Profit jumps 15% YoY to Rs 11,059 crore, NII up 7%
ICICI Bank Q1 Results: The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and 4.78% in Q1 of FY24. NII was in line with ET Now poll estimates while PAT was above expectations.