JKB Financial Services Ltd.

As on : 24-Apr-2024

Market Commentary - Stock Alert
24-Apr-2024 08:55

Tata Consumer, Tata Elxsi, SBI Cards, Puravankara in focus

Tata Consumer Products: The company's consolidated net profit declined 19.35% to Rs 216.63 crore in Q4 FY24 as compared with Rs 268.59 crore recorded in Q4 FY23. Revenue from operations rose 8.52% year on year (YoY) to Rs 3,926.94 crore in March 2024 quarter.

Tata Elxsi: The company's net profit declined 2.3% to Rs 196.9 crore in Q4 FY24 as compared with Rs 201.5 crore recorded in Q4 FY23. Revenue from operations rose 8.1% year on year (YoY) to Rs 905.9 crore in March 2024 quarter from Rs 837.9 crore in March 2023 quarter.

Ambuja Cement: The company has concluded the acquisition of 1.5 MTPA cement grinding unit in Tuticorin, Tamil Nadu (assets).

SBI Cards and Payment Services: The company has launched three variants of its first travel-focused core credit card, ?SBI Card MILES?, in Mumbai. The card is aimed at bringing holistic travel benefits to travellers of all kinds ? travel aspirers to frequent fliers to travel aficionados.

Shakti Pumps (India): The company said that it has invested Rs 5.08 crore in its wholly owned subsidiary, Shakti EV Mobility by subscribing to equity shares.

Puravankara: The company has been selected as the preferred developer for redeveloping a residential housing society in Pali Hill, Mumbai.

Sakuma Exports: The company has entered into a contract amounting to approximately Rs.150 crore for the supply of sugar to the North East, West Bengal, and Bihar regions.

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