Market Commentary - Stock Alert
Stocks in focus : Century Textiles, IIFL Securities, Ipca Laboratories As on : 25-Apr-23  08:24

Century Textiles and Industries: The company's consolidated net profit surged 69% to Rs 142 crore in Q4 FY23 over Q4 FY22. Net sales almost remained unchanged at Rs 1187 crore in Q4 FY23 from Rs 1188 crore in Q4 FY22. The Q4 FY23 includes profit of Rs. 134 crore as an exceptional item, on reassignment of leasehold land in Gujarat.

IIFL Securities: The company reported 9% rise in consolidated net profit to Rs 86.4 crore in Q4 March 2023 from net profit of Rs 78.9 crore in Q4 March 2022. Total income rose 12% to Rs 405.2 crore in Q4 March 2023 from Rs 362.1 crore in Q4 March 2022.

Ipca Laboratories, Unichem Laboratories: Ipca Laboratories announced that the company has entered into a definitive Share Purchase Agreement (SPA) for acquisition of 33.38% of the paid up equity share capital of Unichem Laboratories from one of its promoter shareholder at a price of Rs. 440 per equity share aggregating to Rs~ 1034.06 crore.

Mahindra Lifespace Developers: The real estate firm won society redevelopment project. The company has been selected as the preferred partner to redevelop a residential society in Malad, West, Mumbai.

Choice International: Choice International through its subsidiaries has announced its plans to expand its operations in North India by launching 10 new locations in the first half of FY 23-24.

Welspun India: Welspun India said that the meeting of the board of directors of the company is scheduled on 27 April 2023 to consider buyback of equity shares.

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