The Board recommended seeking shareholders' approval for fixing of the upper limit of borrowing not exceeding Rs 2,500 crore for all types of borrowings/ loans including bonds across various products, together with interest and creation of security/charge on assets of the company and revalidation of shareholders' approval for issuance of securities through Qualified Institutional Placement (QIP) up to 15 percent of existing paid up equity capital of the Company, the company said in an exchange filing. … [Read more...] about Hindustan Copper shares gain 2% as board approves raising Rs 2,500 crore via debt
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Astec Lifesciences shares jump 6% after September quarter profit surges 238%
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Astec Lifesciences shares jump 6% after September quarter profit surges 238%
Cholamandalam Investment share price jumps 8% after Q2 PAT rises 41%
The company on October 29 reported a 41 percent rise in profit after tax to Rs 432 crore for the September 2020 quarter, on improvement in net income margin and lower operational expenses. The diversified financial services company had posted a profit after tax of Rs 307 crore in the corresponding quarter of the previous financial year. … [Read more...] about Cholamandalam Investment share price jumps 8% after Q2 PAT rises 41%
IOC beats estimates, posts more than 3-fold jump in Q2 standalone profit QoQ
The company said the average gross refining margin (GRM) for the period April- September 2020 was $3.46 per bbl against $2.96 per bbl for the same period of the previous year. … [Read more...] about IOC beats estimates, posts more than 3-fold jump in Q2 standalone profit QoQ
TVS Motor shares jump 5% after Q2 earnings; Prabhudas Lilladher maintains sell
On October 29, the company reported a 29.37 percent decline in consolidated net profit at Rs 181.41 crore for the quarter ended September. The company had posted a net profit of Rs 256.88 crore in the July-September period of the previous fiscal. … [Read more...] about TVS Motor shares jump 5% after Q2 earnings; Prabhudas Lilladher maintains sell
