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Stocks in the news | IRCTC, Tata Motors, Tech Mahindra, Cipla, TVS Motor, PVR, BEL United Breweries, eClerx Services, Coforge, Gravita India, Magnum Ventures, Vimta Labs, GHCL, Karda Constructions, are also among the stocks in focus today. Here are some of the stocks in the news today. IRCTC Q3 | Revenue came in at Rs 245.23 crore against Rs 734.98 crore in the year-ago. Income stood at Rs 77.53 crore against Rs 205.55 crore. Pidilite Industries Q3 | Consolidated revenue stood at Rs 2,299.02 crore against Rs 1,926.59 crore in the year-ago. Profit came in at Rs 441.83 crore against Rs 341.78 crore. United Breweries Q3 | Consolidated revenue stood at Rs 3,065.89 crore against Rs 3,254.07 crore in the yar-ago. Profit was at Rs 126.78 crore against Rs 106.68 crore. ....
Lotus Global Investment Fund picks up stake in Karda Constructions Ltd. ANI | Updated: Jan 29, 2021 13:32 IST Mumbai (Maharashtra) [India], January 29 (ANI/NewsVoir): Lotus Global Investment Fund has picked up stake in BSE and NSE-listed real estate giant, Karda Constructions Ltd. As per bulk deal data available on NSE, Lotus Global Investment Fund picked up 325000 shares in Karda Constructions Ltd at Rs 111 on January 28. The company had recently announced that it had contract orders worth Rs 1835.14 million in hand. The company said that its focus would be on improvising the processes, adaptable approach in business, use of technology & online and digital platforms and cost optimization for better performance and for reaching out to the millennial that constitute the larger part of buyers. ....
Karda Constructions reports strong turnaround in Q3 as construction activities resume post-lockdown Posted On: 2021-01-20 00:26:21 (Time Zone: Arizona, USA) The renowned real estate developer Karda Constructions Limited has reported a strong growth momentum in new bookings (pre-sales) in the third quarter of the current financial year (Q3 FY20-21), indicating a turnaround in India s housing sector. The company reported a healthy 22.34% year-on-year (y-o-y) growth and 17.35% quarter-on-quarter (QoQ) growth in new bookings (pre-sales) in Q3 FY20-21, supported by its strong inventory build-up in ready-to-move-in and nearing-ready properties with the resumption of construction activities post-lockdown. Commenting on the company s performance, Mr. Naresh Karda, Chairman & Managing Director, Karda Constructions Ltd., said, The pandemic has been an opportunity in disguise for the housing sector and Karda Constructions Ltd. The lockdown created a lot of negat ....
Lodha Group fires up IPO plans as real estate bounces back, may file papers with Sebi by March Investment banks Axis Capital and JP Morgan have been roped in as advisors for the proposed listing. The Mumbai-based developer made two previous listing attempts in 2009 and 2018. January 06, 2021 / 10:34 PM IST This would mark the third attempt by the firm, which is known for luxury projects such the Trump Towers in Mumbai and Grosvenor Square in London, to launch an IPO. Macrotech Developers (formerly Lodha Developers), one of India’s largest real estate players, is taking another stab at listing on the bourses on the back of a sharp surge in residential sales and improved investor sentiment and demand, people with direct knowledge of the matter told ....
The biggest market winners and losers of 2020, at home and abroad The Nasdaq Composite, the tech-heavy index, gained the most among these three US indices, rallying more than 43 percent in 20202. Image: Pixabay The year 2020 was off to a bad start as the coronavirus began spreading from Wuhan, where the first case was reported late in 2019. As the virus spread, countries including India, opted for lockdowns to curb infections as the human toll began to mount. The restrictions wrecked economies and benchmark indices crashed 40 percent in March but after hitting multi-year lows, markets started rebounding in the last week of March. ....