As investors gear up for Thursday’s trading session, several key stocks are poised to attract attention, including Muthoot Finance, Gland Pharma, and CONCOR. Here’s a roundup of the latest developments shaping the market landscape:
Muthoot Finance:
Muthoot Finance reports a robust performance in its latest earnings, with a consolidated net profit of Rs 1145.3 crore, marking a significant 22.6% increase year-on-year (YoY). The company’s revenue from operations for the quarter ending December 31 registers at Rs 3,820 crore, reflecting steady growth compared to the previous year.
Gland Pharma:
In contrast, pharmaceutical giant Gland Pharma records a decline in its consolidated net profit for Q3, reporting Rs 191.86 crore against Rs 231.95 crore YoY, marking a 17.3% decrease. Despite the decline, the company continues to maintain a strong revenue from operations, standing at Rs 1545.2 crore for the same quarter.
CONCOR:
Container Corporation of India (CONCOR) and Container Company of Bangladesh Ltd. (CCBL) sign a significant Memorandum of Understanding (MOU) aimed at enhancing cross-border trade between India and Bangladesh. This collaborative effort seeks to develop modalities for running container trains and bolstering infrastructure and logistics services to facilitate smoother trade operations.
PC Jeweller:
On the financial front, PC Jeweller reports a net loss of Rs 200.65 crore for the third quarter ending December 31, compared to a net profit of Rs 67.19 crore YoY. The company’s total income for the quarter witnesses a substantial decline, standing at Rs 43.48 crore against Rs 882.83 crore YoY.
As investors analyze these developments, Thursday’s trading session is expected to be marked by volatility, with market participants closely monitoring the performance of these key stocks amidst evolving economic dynamics.
