Thu, Feb 1, 2024 12:11 PM
AksharChem Standalone December 2023 Net Sales at Rs 75.28 crore
A Flip by Shubhangi Gupta
Multibagger IPO: Motisons Jewellers, listed on BSE and NSE, has delivered remarkable returns to its investors, soaring over 400 per cent in less than a year after its market debut. The stock, which listed at a 98 per cent premium on NSE and 89 per cent premium on BSE in December 2023, has rallied 419.5 per cent to ₹285.75 (previous close) over its IPO price of ₹55.
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Prabhudas Lilladher's research report on Bharti Airtel. Bharti Airtel reported an EBITDA of Rs218bn (+10.9%QoQ; PLe: Rs217.1bn, BBGe: Rs217.6bn). Adj PAT came in at Rs44.5bn (up 29.8% QoQ; PLe: Rs38.8bn, BBGe: Rs43.9bn). India mobile revenues were up 10.3%QoQ with a stable EBITDA margin of 57.1%. ARPU improved QoQ to Rs233 with a net subscriber loss of 2.9mn in Q2.
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Five-Star Business Finance's shares dropped 11% despite strong Q3 performance, as management trimmed AUM growth guidance from 30% to 25%. AUM grew 32.2% to ₹10,927 crore, while provisions doubled to ₹21.8 crore. Brokerages Avendus Spark and DAM Capital downgraded the stock, citing concerns. Five-Star Business Finance's shares fell 10.3% to ₹787.1, trimming year-to-date gains to 7%.
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