Tue, Nov 19, 2024 11:55 AM
GIFT City to RE: 5 ways NRIs can invest in India to maximise re...
A Flip by Shubhangi Gupta
TVS Motor Company share price rallied over 2% on Tuesday, extending gains for the third consecutive session. The gains in TVS Motor shares follow the broader market rally, with the Nifty Auto index rising 2.7%.Analysts believe TVS Motor Company is poised to be a significant beneficiary of the electric vehicle (EV) industry’s growth, supported by its robust pipeline of upcoming EV launches.
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NTPC Limited announced that it paid an interim dividend of ₹2,424 Crore to its shareholders. The company’s first interim dividend of ₹2,424 Crore for the fiscal year 2024-25 was paid on November 18, cumulating 25% of its paid-up equity share capital. Gurdeep Singh, CMD, and the company’s Board of Directors handed the payment advice of ₹1,238.84 Crore.
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Marico's Q2FY25 revenue grew 7.6% YoY to Rs. 2,664cr, driven by 5% volume growth in domestic business and 13% revenue growth in international business. EBITDA margin decreased 50bps YoY to 19.6% due to rising cost of sales. Despite this, reported profit after tax rose 20.3% YoY to Rs. 433cr. Marico expects double-digit revenue growth in H2FY25, but cost pressures may dent margins.
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