Tejas Networks gain nearly 40% in 2 days to record high after Q4 results
The consolidated net profit of the company for the March quarter stood at Rs 146.8 crore, against a loss of Rs 11.47 crore during the same quarter last year.
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The consolidated net profit of the company for the March quarter stood at Rs 146.8 crore, against a loss of Rs 11.47 crore during the same quarter last year.
Q4 results today: 15 companies, including RIL, will reveal quarterly results. RIL expected to announce dividend. RIL may see revenue growth, EBITDA increase, and net profit drop.
The shares of RIL-owned chocolate manufacturer, Lotus Chocolate rallied 14% to hit a 52-week high of Rs 470 on BSE in Tuesday\’s trade ahead of its Q4 results which are due later today.
\”We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action,\” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Reliance Industries Ltd will announce its March quarter results on April 22. Along with the quarterly numbers, the company\’s board will also consider and approve a dividend.
\”We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action,\” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Most domestic high-frequency indicators have trended higher during the quarter, which could translate into good demand momentum for the domestic corporate segment.
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