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9:39 AM

Kansai Nerolac gains 3% as Q1 results beat estimates

>> Kansai Nerolac Paints Ltd. reported a 69.3% year-on-year decline in net profit for Q1FY25, though it beat analysts’ estimates.>> The paint manufacturer recorded a net profit of Rs 225 crore for the quarter-ended June, as compared to Rs 734 crore in the same quarter last year, according to its stock exchange notification.

>> This was above the Rs 205.1-crore Bloomberg estimate


 

9:32 AM

Colgate Palmolive zooms 6%, hits 52-week high post Q1 results

>> The oral hygiene product maker clocked a 33 per cent jump in net profit to Rs 363.98 crore during Q1FY25, helped by a demand pickup and good performance of products. The FMCG major reported its net profit at Rs 273.68 crore in the corresponding quarter of the previous fiscal year.

9:29 AM

RVNL rises 2% on order win

>> The state-owned RVNL has emerged as the Lowest Bidder (L1) for the ‘Development of Distribution Infrastructure at CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme,’ declared by HPSEBL.

9:27 AM

Block Deal Alert :: Over 30 million shares change hands on PNB Housing counter

>> Quality Investment Holdings, an entity of the US-based private equity firm Carlyle, likely offloaded its 6.4 per cent stake in PNB Housing Finance through a block deal on Tuesday.

8:57 AM

BluPine Energy secures Rs 239 cr financial assistance from Tata Capital

BluPine Energy on Monday said it has secured Rs 239 crore financial assistance from Tata Capital. The amount will be utilised towards a solar power project in Chhattisgarh, the company said in a statement. READ MORE



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