Mon, May 17, 2021 4:08 PM
Prakash Pipes announces 44% growth in net profit to Rs36crore
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The implied value of Blinkit, the troubled quick commerce startup that Zomato acquired in a fire sale in 2022, is now larger than that of Zomato’s core business (food delivery), analysts at Goldman Sachs said in a note published on April 25. From being an albatross around Zomato’s neck to now becoming its largest division, things are looking up for Blinkit.
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Shares of L&T Technology Services fell 9.5% to the day’s low of Rs 4,689.50 on BSE in Friday's trade after the company yesterday reported an 8% year-on-year (YoY) growth in net profit at Rs 1,304 crore while the standalone revenue stood at Rs 9,647 crore, up by 9% for the March-ended quarter.The company’s EBIT margin stood at 17.1% for the quarter ended March.
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Ahead of the NSE mainboard listing on 29th April 2024, multibagger BSE stock Balu Forge Industries witnessed strong buying in the early morning session. This buying bet in Balu Forge share price took place despite weak stock market bias on Friday. Balu Forge share price today opened at ₹280 apiece on BSE with a big gap-up against Thursday's close price of ₹272.95 per share.
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