Market Commentary - Stock Alert
Godrej Consumer, Tata Chemicals, BEML in focus As on : 08-Aug-23  08:09

Godrej Consumer Products: The company reported a consolidated net profit of Rs 318.82 crore in Q1 FY24 as against a net profit of Rs 345.12 crore in Q1 FY23. Total income rose to Rs 3,518.02 crore in the June quarter from Rs 3,152.49 crore recorded in Q1 FY23.

Tata Chemicals: The company reported a consolidated net profit from continuing operations of Rs 578 crore in Q1 FY24 as against a net profit of Rs 641 crore in Q1 FY23. Total income rose 6% to Rs 4218 crore in the June quarter from Rs 3995 crore recorded in Q1 FY23.

Torrent Pharma: The company reported consolidated net profit of Rs 378 crore in Q1 FY24 as against a net profit of Rs 354 crore in Q1 FY23. Total income rose to Rs 2591 crore in the June quarter from Rs 2347 crore recorded in Q1 FY23.

BEML: BEML has secured the Letter of Acceptance from Bangalore Metro Rail Corporation (BMRC) for supply of Rolling stock contract 5RS-DM valued at approximately Rs. 3,177 crore.

RailTel Corporation of India: The company has received the work order from Pimpri Chinchwad Smart City Limited (PCSCL) for providing end to end services for monetisation of PCSCL City Network Infrastructure on ?Revenue Sharing Model?. The estimated annual revenue from the contract is Rs 70 crore and the total revenue for ten years is Rs 700 crore.

MMTC: SEBI has cancelled the registration of MMTC as a stock broker for its involvement in illegal ?paired contract? in case pertaining to defunct National Spot Exchange Limited. This order shall come into force with immediate effect.

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