Metro Brands News Today

Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala, has likely earned a dividend income of Rs 224 crore

The late billionaire investor Rakesh Jhunjhunwala's wife Rekha has a minority stake in the company.

While Shaktikanta Das steered Indian equity markets to new highs, Jensen Huang supported the US markets

Share of Metro Brands surged more than 4.04 per cent to Rs 1,159.95, commanding a total market capitalization of more than Rs 31,500 crore.

Stocks to watch: Shares of firms like ITC, IndiGo, Nykaa, Power Grid, Gland Pharma, Oil India, and others will be in focus on Thursday's trade.

Metro Brands Q4 Results: Metro Brands saw a 126.3 per cent increase in year-on-year net profit for the fourth quarter of FY24, amounting to Rs 155.57 crore. The company extended its retail agreement with Crocs, gaining exclusive rights in western and southern India. CEO Joseph expressed satisfaction with the 11 per cent sales growth despite post-Covid challenges.

162 companies to report Q4 earnings on Wednesday. Nykaa expects 24% BPC and Fashion GMV growth, while Paytm faces a revenue decline from RBI actions. Analysts also predict pressure from discounting and lower advertising income.

Sun Pharma, Power Grid, Grasim, Max Healthcare, India Bank, Nykaa, Petronet LNG, Metro Brands, Gland Pharma and Paytm are among the companies that will announced Q4 results later today.

Q4 results on May 22: Petronet LNG, New India Assurance, Metro Brands, Gland Pharma, Sundram Fasteners, Minda Corporation, Gujarat Pipavav Port, HEG, Star Cement, and Indigo Paints, are also among the 32 companies that will announce their Q4 earnings today.

Indian headline indices closed with minimal changes on Tuesday, influenced by subdued global cues. The BSE...