Fri, Mar 1, 2024 8:40 AM
Gopal Snacks sets price band at Rs 381-401 a share for its Rs 650-crore!
A Flip by Riya Sharma
The Indian stock market benchmark Nifty 50 broke its seven-session losing streak on Tuesday, November 19, closing 0.28 per cent higher at 23,518.50. However, the index gave up most of the gains it had made earlier in the session. Despite ending in the green, it remains approximately 10.5 per cent below its record high of 26,277.35, reached on September 27.
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Reported Consolidated quarterly numbers for Optimus Finance are: Net Sales at Rs 36.05 crore in September 2024 up 44.24% from Rs. 25.00 crore in September 2023. Quarterly Net Profit at Rs. 1.39 crore in September 2024 up 77.75% from Rs. 0.78 crore in September 2023. EBITDA stands at Rs. 4.07 crore in September 2024 up 83.33% from Rs. 2.22 crore in September 2023.
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Motilal Oswal's research report on Fusion Microfinance: Fusion Microfinance (Fusion) reported a net loss of ~INR3.1b in 2QFY25 (vs. MOFSLe loss of ~INR1.8b) due to significantly high credit costs. Its 1HFY25 net loss was INR3.4b, and we expect 2HFY25 loss at INR280m. NII grew ~30% YoY to ~INR4b in 2Q, while PPoP rose ~17% YoY to ~INR2.8b (in line).
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