Rane Brake Lining stock gains 20% on Q4 results

stock analyst • • stock options

Shares of Rane Brake Lining Ltd hit the upper circuit on NSE and BSE after the company reported a 28 per cent rise in its profit after tax for the January-March 2024 quarter at ₹15.4 crore.

Shares of Rane Brake Lining Ltd hit the upper circuit on NSE and BSE after the company reported a 28 per cent rise in its profit after tax for the January-March 2024 quarter at ₹15.4 crore.

The company recorded ₹12 crore PAT during the corresponding quarter of last year.

For FY24, the board has recommended a dividend of ₹30 per equity share on 77,29,871 equity shares of ₹10 each fully paid up, subject to approval of members at the ensuing 19th AGM of the company to be held on July 22, 2024. The dividend, if declared, will be paid on July 31, 2024/

On Friday’s trade, the company’s stock closed higher by 20 per cent at ₹1,021.40 (locked in upper circuit).

Like (0)
stock analyststock analyst
Previous May 7, 2024 4:01 pm
Next May 7, 2024 4:01 pm

Related posts

  • Stocks that will see action today (April 26)

    Tata Steel will invest £1.25 billion to build a modern electric arc furnace in Port Talbot and commence closure of the existing heavy-end assets in the following months. A Voluntary Redundancy Aspiration process will be launched across Tata Steel UK from May 15. The move follows seven months of formal and informal national-level discussions with UK trade unions, Tata Steel said in a statement.

    stock options April 26, 2024

  • Nanda Optoelectronics: Net profit in the first quarter of 2024 was 82.1105 million yuan, a year-on-year increase of 9.52%

    CSI Intelligent Financial News Nanda Optoelectronics (300346) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 509 million yuan, a year-on-year increase of 27.88%; net profit attributable to the parent company was 82.1105 million yuan, a year-on-year increase of 9.52%; non-net profit after deducting 61.5303 million yuan, a year-on-year increase of 14.40%; generated from operating activities Net cash flow was -21.4457 million yuan, compared with 8.4528 million yuan in the same period last year; during the reporting period, Nanda Optoelectronics\’ basic earnings per share was 0.15 yuan, and the weighted average return on net assets was 3.63%.

    stock options April 25, 2024

  • MF share in NSE cos hits fresh high in Q4

    The share of domestic mutual funds (MFs) in companies listed on NSE rose to a fresh all-time high of 8.92 per cent for the quarter ended March, powered by net inflows of ₹81,539 crore during the quarter.

    stock options May 7, 2024

  • Yongan Futures (600927.SH): Net profit in 2023 is 729 million yuan, a year-on-year increase of 8.34%

    Gelonghui April 25丨Yongan Futures (600927.SH) released its 2023 annual report. During the reporting period, it achieved operating income of 23.823 billion yuan, a year-on-year decrease of 31.50%. The net profit attributable to shareholders of listed companies was 729 million yuan, a year-on-year increase of 8.34%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 712 million yuan, a year-on-year increase of 5.87%. It is planned to distribute a cash dividend of 0.81 yuan (tax included) to all shareholders for every 10 shares.

    stock options April 25, 2024

  • Google A fell 1.65%, OpenAI may release AI search competing products next week

    Gelonghui May 10 | Google A (GOOGL.US) fell 1.65% to $167.155

    stock options May 10, 2024

  • Junya Technology (603386.SH): Net profit in 2023 will decrease by 57.85% year-on-year to 68.5547 million yuan

    Gelonghui April 25 | Junya Technology (603386.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 2.427 billion yuan, a year-on-year decrease of 5.66%; the net profit attributable to shareholders of the listed company was 68.5547 million yuan, A year-on-year decrease of 57.85%; net profit attributable to shareholders of listed companies after excluding non-recurring gains and losses was 53.8341 million yuan, a year-on-year decrease of 60.82%; basic earnings per share was 0.21 yuan/share. It is planned to distribute a cash dividend of RMB 0.86 (tax included) to all shareholders for every 10 shares.

    stock options April 25, 2024