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Market Commentary - Stock Alert
Bajaj Finance, HPCL, Emami, Honasa Consumer in spotlight As on : 07-Nov-23  08:18

Bajaj Finance: The NBFC firm has launched the qualified institutions placement (QIP) on 6 November 2023. The floor price is fixed at Rs 7,533.81 per share. The company may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the issue.

HPCL: The company has reported a consolidated net profit of Rs 5,826.96 crore in Q2 FY24 as compared to net loss of Rs 2,475.69 crore in Q2 FY23. Total income fell to Rs 1,03,010.71 crore in Q2 FY24 from Rs 1,14,497.65 crore in Q2 FY23. Average GRMs (Gross of export duty) for the period Jul-Sep 2023 were US$ 13.33 per barrel (US$ 8.41 per barrel during the corresponding period of previous year).

Gland Pharma: The company reported 20% fall in consolidated net profit to Rs 194.1 crore as compared to consolidated net profit of Rs 241.2 crore in Q2 FY23. Total revenue from operations rose 32% to Rs 1373.4 crore in Q2 FY24 from Rs 1044.4 crore in Q2 FY23.

Emami: The company has reported a consolidated net profit of Rs 179.99 crore in Q2 FY24 as compared to net profit of Rs 180.13 crore in Q2 FY23. Total income rose to Rs 875.98 crore in Q2 FY24 from Rs 855.74 crore in Q2 FY23.

FSN E-Commerce Ventures: The company has reported a consolidated net profit of Rs 9.2 crore in Q2 FY24 as compared to net profit of Rs 5.6 crore in Q2 FY23. Total income rose to Rs 1515.5 crore in Q2 FY24 from Rs 1237.3 crore in Q2 FY23.

Honasa Consumer: Shares of Mamaearth's parent Honasa Consumer will debut on the bourses today, 7 November 2023. The issue price is Rs 324 per share.

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