Mon, May 17, 2021 2:28 PM
Hero MotoCorp partners Gurugram District Admin to establish Covid Care
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Shares of the company have gained about 340 per cent in the last one year. Shares of Meson Valves India Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 190 per cent.
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Avantor Inc AVTR reported first-quarter net sales of $1.68 billion, a decrease of 5.6% year-over-year, almost in line with the consensus of $1.68 billion. Foreign currency translation had a favorable impact of 0.7%, resulting in a sales decline of 6.3% on an organic basis. Adjusted EBITDA was $283 million, down from $346.2 million a year ago, and adjusted EBITDA margin was 16.8%.
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U.S. stocks were higher, with the Dow Jones jumping over 150 points on Friday. Shares of Skechers U.S.A., Inc. SKX rose sharply during Friday's session after the company reported better-than-expected first-quarter FY24 earnings. Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion.
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