Tue, Nov 5, 2024 11:14 AM
RVNL Shares In Green After Winning ₹625 Cr Project
A Flip by Shubhangi Gupta
Reported Standalone quarterly numbers for Ramchandra Leasing & Finance are: Net Sales at Rs 0.07 crore in September 2024 up 428.57% from Rs. 0.01 crore in September 2023. Quarterly Net Profit at Rs. 0.00 crore in September 2024 down 14.29% from Rs. 0.00 crore in September 2023. EBITDA stands at Rs. 0.06 crore in September 2024 up 0% from Rs. 0.00 crore in September 2023.
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Shares of Indian Railway Finance Corporation (IRFC) are under scrutiny after the company’s second-quarter earnings for the fiscal year ending September 2024 were released. The first-quarter number for the period ended June 30, 2024, was Rs 1,576.82 crore, representing a 2.2% quarterly growth in PAT. Additionally, the firm announced in October that it would pay its shareholders an interim dividend.
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At a time when the Indian stock markets are experiencing heightened volatility amid record outflows by FPIs and the uncertainty around the US Presidential elections, fund managers advise investors to adopt a near-term strategy of booking profits in low-growth and high PE stocks and reinvesting in value stocks, following a calibrated approach to buy during dips.
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