From cnbctv18

  • Birlasoft declares dividend of ₹4 per share as Q4 net profit zooms 60%

    Pune-based global IT services provider Birlasoft Ltd on Monday reported a 60.7% year-on-year jump in net profit at ₹180 crore for the fourth quarter that ended March 31, 2024.In the corresponding quarter, Birlasoft posted a net profit of ₹112 crore, the company said in a regulatory filing. The company's revenue from operations increased 11.1% to ₹1,362.5 crore against ₹1,226.3 crore in the corresponding period of the preceding fiscal.At the operating level, EBITDA jumped 32.7% to ₹221.5 crore...

  • ICICI Lombard shares rally may not continue for long: Here's why

    Shares of ICICI Lombard rose over 3% on Thursday after the company reported a 19% year-on-year increase in net profit for the fourth quarter of FY24. Despite this bullish sentiment, some brokerages expressed reservations regarding the stock's potential for continued growth.They have maintained target prices in the range of ₹1,760 to ₹1,990 per share.BrokerageCallTarget price CLSAUnderperform₹1,760HSBCBuy₹1,990JefferiesBuy₹1,950MSOverweight₹1,850Brokerage firm CLSA's downgrade to 'Underperform'...