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Stocks in focus today: Reliance Industries, Bata India, Afcons Infrastructure, Indian Railway Finance Corporation Ltd (IRFC), Raymond Ltd and more.
Stocks in news on November 5, 2024: Reliance Industries, Bata India, and more (Pic: News9live and Pixabay)
Mumbai: The share price of Indian Railway Finance Corporation Ltd (IRFC), Raymond Ltd, Reliance Industries, Bata India, Afcons Infrastructure and more are expected to remain in focus on November 5, 2024 (Tuesday).
IRFC share price
IRFC on November 4, 2024 declared its Q2 Results of the current financial year and reported a 4 per cent rise in net profit to Rs 1,613 crore. The NBFC under the administrative control of the Ministry of Railways informed that its total income increased to Rs 6,900 crore from Rs 6,762 crore in the year-ago period.
In a regulatory filing, IRFC mentioned that its Assets Under Management (AUM) was recorded at Rs 4,62,283 crore at the end of September 2024. Notably, the board of the government-controlled company gave the green signal to an interim dividend of Rs 0.80/share (or 8 per cent) on the face value of Rs 10 for 2024-25.
Raymond share price
Raymond Ltd shares are expected to remain in focus as it recorded a 63 per cent decline in consolidated net profit to Rs 59.01 crore in the July-September quarter of 2024-25. The company’s net profit stood at Rs 161.16 crore in the same quarter of the previous financial year. Raymond informed the exchanges that its total income went up to Rs 1,100.70 crore during the second quarter of the current fiscal as compared to Rs 512.35 crore in the Q2 of 2023-24.
“We witnessed good momentum both in real estate and engineering businesses. With the launch of Park Avenue- High Street Reimagined, the first of its kind retail space in Thane, Raymond Realty has taken yet another pioneering step to create the aspirational ecosystem for its current and upcoming residential projects. The project execution remains our USP as our endeavor is to continue to deliver before RERA timelines,” Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd, said.
Bata India share price
In its Q2 Results 2024-25, Bata India Ltd registered 53 per cent rise in consolidated net profit at Rs 51.97 crore as compared to a net profit of Rs 33.99 crore in the second quarter of 2023-24. In its regulatory filing, the leading shoemaker’s revenue from operations rose 2.2 per cent to Rs 837.14 crore during the quarter under review.
“The EBITDA profit stability showcased the company’s resilience in managing operational efficiencies,” said Bata India in its earning statement. The company stated that its total expenses stood at Rs 784.55 crore.
Reliance Industries share price
The shares of Reliance Industries are likely to be in news today as India’s most valued company as per the market capitalisation lost Rs 50,205.1 crore on November 4, 2024 as the RIL share price dropped nearly 3 percent. The RIL stock settled at Rs 1,302 apiece on the BSE, while
At the NSE, it closed at Rs 1,302.15. The company’s market valuation eroded Rs 50,205.1 crore to Rs 17,61,914.95 crore.
Afcons Infrastructure share price
Afcons Infrastructure Ltd Ltd shares are expected to remain in news today. The shares of Shapoorji Pallonji Group’s flagship infrastructure engineering and construction firm made their debut on November 4. The stock made a muted debut, however, it regained the ground and finished over 2 per cent higher against the issue price of Rs 463. Afcons Infrastructure share made its debut at Rs 430.05, as against the issue price of Rs 463, which was a discount of 7.11 per cent. Later. The stock climbed 2.49 per cent to close at Rs 474.55.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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