Fri, Nov 15, 2024 10:22 AM
Gold and silver prices today on 15-11-2024: Check latest rates in your city
A Flip by Avya Verma
IFCI Q2 Results 2024: IFCI has announced its Q2 results for 2024 on November 15, revealing a mixed financial performance. The company’s topline increased by 7.47% year-on-year, reaching a revenue of ₹586.91 crore. However, profit for the quarter fell by 12.73% year-on-year, amounting to ₹82.62 crore. In comparison to the previous quarter, IFCI experienced significant growth.
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National Aluminium Co. reported strong Q2FY25 performance due to higher pricing and volumes, with alumina and metal volumes up 24% and 2% YoY. EBITDA improved significantly due to higher captive coal usage and strong operating leverage. The company is a pure play on alumina and aluminum prices, and its stock is trading at 6.3x/5.1x EV of FY26E/FY27E EBITDA.
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Despite a market crash, five stocks - 📌Tera Software, 📌Madhusudan Securities, 📌Maximus International, 📌Netlink Solutions, and 📌Polo Queen Industrial and Fintech - gained 29-40% in one week, outperforming the benchmark indices which corrected 2.5%. These stocks stood out amidst the broader market pressure and global uncertainties.
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