Tech Mahindra shares end 4% higher on robust earnings
At the NSE, the stock climbed 3.79 per cent to settle at Rs 1,838 apiece.
Tech Mahindra yesterday posted an over three-fold jump in consolidated net profit at Rs 1,009.8 crore in the quarter ended December. Growth in telecom, financial and manufacturing sector
Tech Mahindra yesterday posted an over three-fold jump in consolidated net profit at Rs 1,009.8 crore in the quarter ended December. Growth in telecom, financial and manufacturing sector
Ranbaxy shares surge nearly 6% as Q4 net loss narrows
Ranbaxy's shares settled 5.75 per cent higher at Rs 340.45 on NSE.
Ranbaxy Laboratories's fourth-quarter net loss narrowed to Rs 158.94 crore, mainly on account of higher sales of its Absorica acne drug. The company had posted a loss of Rs 492.44 crore a year earlier, according to a statement.
Power Finance Corp shares soar 5.5% on smart earnings
At the NSE, the scrip settled 5.33 per cent up at Rs 145.35.
Power Finance Corp yesterday posted over 37 per cent jump in net profit to Rs 1,534.31 crore for the October-December period of this fiscal. It also announced an interim dividend of about Rs 856 crore to the government.
The company had reported a net profit of Rs 1,117.10 crore during the same period last year (2012-13).
The company had reported a net profit of Rs 1,117.10 crore during the same period last year (2012-13).
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