Mumbai: The share price of Aarti Industries, ITI and Power Finance Corporation (PFC) are in focus on November 11, 2024. The trends showed that a large number of people are searching for queries related to the mentioned stocks.
The benchmark sensitive indices BSE Sensex and NSE Nifty declined in early trade today due to relentless continuous foreign fund outflows, slump quarterly earnings and weak trends from Asian markets. The 3-share Sensex dropped by 484.98 points to 79,001.34 while the Nifty fell 143.6 points to 24,004.60.
Aarti Industries share price
Aarti Industries share price declined over 6 per cent to Rs 444. The chemicals company stock dropped after it reported weak Q2 Results of 2024-25. The company reported a 43 percent year-on-year decline in standalone net profit during the July-September quarter. The net profit lowered to Rs 52 crore from Rs 91 crore, while the revenue was reported to increase 12 percent YoY, reaching Rs 1,628 crore. It was Rs 1,454 crore in the second quarter of 2023-24. However, EBITDA slumped 15.5 percent to Rs 197 crore from Rs 233 crore, while the EBITDA margin fell to 12.1 percent from 16 percent YoY.
ITI share price
ITI share price jumped over 7 percent to Rs 327.28 today morning. The stock increased as ITI with its consortium partner emerged as the Lowest Bidder (L1) for Package No. 15 of BharatNet Phase-3 Project comprising Arunachal Pradesh, Nagaland and Manipur states with an order value of Rs 1537 crore. The country’s first PSU post-independence and a premier telecom manufacturing company, also emerged as L1 (on November 7, 2024) for Package No. 8 in Himachal Pradesh, and for Package No. 9 in West Bengal, & Andaman and Nicobar Islands with an order value to Rs 3022 crore. The total order value stands at Rs 4559 crore.
PFC share price
PFC share appreciated over 5 percent to Rs 474.30. The state-owned company declared its Q@ Results 2-24-25 in which it recorded nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore. The company had posted a profit of Rs 6,628.17 crore in the second quarter period of 2023-24. PFC’s total income jumped to Rs 25,754.73 crore as compared to Rs 22,387.32 crore a year ago. The regulatory filing mentioned PFC logged 14 percent increase in consolidated Profit After Tax in April-September FY25, to Rs 14,397 crore from Rs 12,610 crore a year ago.
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Trending stocks today: The share price of Aarti Industries, ITI and PFC are in news on November 11, 2024. Aarti Industries share price declined after it declared Q2 Results 2024-25. ITI and PFC share price gained today. Business Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
