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As on : 13-Nov-2023

Market Commentary - Stock Alert
13-Nov-2023 08:46

Protean eGov Tech in spotlight on debut

Protean eGov Technologies: Shares of the e-governance solutions company Protean eGov Technologies will debut on the bourses today, 13 November 2023. The issue price is Rs 792 per share.

Oil and Natural Gas Corporation's (ONGC): The corporation?s standalone net profit dropped 20.3% to Rs 10,216.32 crore in Q2 FY24 as compared with Rs 12,826 crore posted in Q2 FY23. Revenue from operations declined 8.2% year on year (YoY) to Rs 35,163.04 crore in the quarter ended 30 September 2023.

Biocon: The global biopharmaceuticals company has reported a net profit of Rs 126 crore for Q2 FY24 as against a PAT of Rs 47 crore in Q2 FY23. Consolidated revenues for the second quarter grew by 52% year-on-year (YoY) to Rs 3,620 crore.

Sun TV Network: The media company?s standalone net profit rose 13.86% to Rs 456.24 crore on 27.82% increase in revenue from operations to Rs 1,017.98 crore in Q2 FY24 over Q2 FY23. Total income stood at Rs 1,125.08 crore in Q2 FY24, registering a growth of 27.48% year on year.

Fortis Healthcare: The company has recorded 15% fall in consolidated net profit to Rs 174 crore despite a 10.1% rise in revenue to Rs 1,770 crore in Q2 FY24 as compared with Q2 FY23.

Tata Chemicals: The company?s PAT on a consolidated basis, stood at Rs 495 crore for the quarter as compared to Rs 685 crore in Q2FY23, recording a de-growth of 28% on YoY basis. The income from operations declined 6% to Rs 3,998 crore in Q2 FY24 from Rs 4,239 crore in Q2 FY23.

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