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Cement major The India Cements Ltd is on the verge of monetising about 1,000 acres in Tamil Nadu's Tirunelveli District, said a top company official. He also said the company will be taking steps to reduce its variable costs and the debt this fiscal. The company closed FY24 with a net loss of Rs 188.22 crore (FY23 Profit Rs 38.98 crore) on a revenue of Rs 5,380.81 crore (Rs 4,713.11 crore). Speaking to reporters here on Wednesday N.Srinivasan, Vice Chairman and Managing Director ...
India Cements to monetise about 1,000 acres land in Tamil Nadu, posts loss for FY24
Weekly Tech Picks : Indraprastha Gas Limited Buy Range: 538-528 CMP: 543; Stop loss:: 520 * On the daily chart, the stock has decisively broken out its past five weeks “Consolidation Range” at 532 levels which signals strong come back of bulls * Stock is also witnessed Bollinger band breakout which signals increased volatility * This buying was observed from its 100- day SMA which reconfirms bullish sentiments * Huge volumes spurt on breakout confirm ...
Weekly Tech Picks By Axis Securities
Commercialization issues impact earnings Change of guard at Biocon Biologics * Dr. Christiane Hamacher has stepped down as MD as well as from the board of Biocon Biologics (BB) effective 20 Jan’21, due to professional differences with the chairperson on strategic priorities and the vision for BB. Dr. Kiran will assume the position of Executive Chairperson at BB. Dr Arun Chandavarkar will be the new MD and CEO for the next two years. * Biocon (BIOS) delivered lower-than-expect...
Add India Cements Ltd For Target Rs.155 - Yes Securities
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