Market Commentary - Stock Alert
Stocks in Action: Eicher Motors, Siemens, Deepak Nitrite and others As on : 12-May-23  08:42

Eicher Motors: Eicher Motors' consolidated net profit jumped 48.42% to Rs 905.58 crore in Q4 FY23 from Rs 610.14 crore in Q4 FY22. Total revenue from operations was recorded at Rs 3,804.32 crore, up 19.13% as compared to Rs 3,193.32 crore in the corresponding quarter previous year.

Siemens: The company's consolidated net profit rose to Rs 471.8 crore in Q1 FY23 from Rs 340 crore in Q1 FY22. Total income rose to Rs 4974.4 crore from Rs 3867.9 crore.

Deepak Nitrite: The company's consolidated net profit fell 12% to Rs 234 crore in Q4 FY23 from Rs 267 crore in Q4 FY22. Total revenue rose 5% to Rs 1974 crore from Rs 1876 crore.

Intellect Design Arena: The company's consolidated net profit fell to Rs 90.66 crore in Q4 FY23 from Rs 95.26 crore in Q4 FY22. Total income rose to Rs 620.54 crore from Rs 500.11 crore.

Jay Bharat Maruti: The company will be setting up 2 new manufacturing plants in the state of Haryana and Gujarat to cater to the requirements of its key customer Maruti Suzuki in both the regions. Jay Bharat Maruti will invest Rs. 300-350 crores approx. in a phased manner in line with its customer's growth strategy.

MAS Financial Services: The company's board has approved borrowings of funds via the issuance of secured/unsecured Non - Convertible Debentures and Commercial Papers upto Rs 1,500 crore and Rs 750 crore, respectively, in one or more tranches through a private placement basis.

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