During the January-March 2023 quarter, it reported a consolidated profit after tax (PAT) of Rs 501 crore, up 46 per cent on a yearly basis. The PAT was at Rs 1,623 crore for the entire financial year, up 52 per cent year-on-year.
ACC Limited, a cement maker and part of the diversified Adani Group, announced the financial results for the quarter and full year that ended in March 2023.
At the time of writing this report, the shares of the company were at Rs 8,520.05. The brokerage sees it at Rs 11,501, with a potential return on investments of about 35 per cent.
Financial advisory firm Prabhudas Lilladher Pvt Ltd has given a 'Buy' recommendation to potential investors for Reliance Industries' shares. The recommendation comes right after the Indian conglomerate posted healthy January-March quarter earnings.
Indian stock indices opened Monday's trade on a firm note after closing largely steady last week. At 9.26 am, benchmark domestic indices Sensex and Nifty traded 0.3 per cent up from their previous closing.
The indices extended gains for the sixth session in a row, as the central bank made a surprise decision of keeping the repo rate unchanged to assess the effects of the policy rate tightening so far.