Vivek Sharma, Author at Stock Today

REC Q1 FY25 reports PAT rose 16.7% YoY | NSE: RECLTD Stock to Watch

2024-07-28 by Vivek Sharma

REC Limited, a public Infrastructure Finance Company in India, has announced its Q1 FY25 results, showcasing a strong financial performance. Rural Electrification Corporation (REC) Limited, reported a 16.57% rise in consolidated net profit for Q1 FY25, reaching ₹3,460.19 crore. This growth is primarily attributed to higher revenues during the quarter. Financial Highlights: Consolidated Net Profit: Read more: REC Q1 FY25 reports PAT rose 16.7% YoY | NSE: RECLTD Stock to Watch..

UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch

2024-07-282024-07-28 by Vivek Sharma

UltraTech Cement Limited, Board of Directors approved the acquisition of a 32.72% equity stake in India Cements Limited from the promoters and their associates. This is in addition to their earlier purchase of a 22.77% stake in June 2024. The acquisition, valued at Rs 3954 crores for the 32.72% equity at Rs 390 per share, Read more: UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch..

ICICI Bank Q1 FY25 reports Net profit rose 14.6% and 64 new branches started

2024-07-272024-07-27 by Vivek Sharma

ICICI Bank Q1 FY25 results showcased a strong performance with a significant rise in net profit, primarily fueled by growth in advances and deposits. The bank’s Net Profit increased by 14.6% year-on-year (YoY) to ₹11,059 crore and the Net Interest Income (NII) rose by 7.3% YoY to ₹19,553 crore. The most important network expansion and Read more: ICICI Bank Q1 FY25 reports Net profit rose 14.6% and 64 new branches started..