Mumbai: The share price of National Aluminium Company Limited (Nalco), Eicher Motors, and Jio Financial Services are trending high Thursday morning (November 14, 2024). The three stocks gained today morning due to various reasons like positive Q2 Results and possibility of inclusion in Nifty in March 2025.
Nalco is listed as NATIONALUM on NSE, Eicher Motors as EICHERMOT and Jio Financial Services as JIOFIN. Meanwhile, stocks markets opened on a positive note today. After plunging 1,805.2 points or 2.27 per cent in the past two days, the BSE benchmark Sensex gained 254.5 points to 77,945.45 in early trade, while the NSE Nifty rose 86.25 points to 23,645.30.
Nalco share price
Nalco share price gained over 1 per cent to Rs 222.35 a day after the company declared that its profit increased multi-fold to Rs 1,046 crore in the second quarter of 2024-25. The state-owned ‘Navratna’ company, Nalco declared its Q2 Results of the current financial year on November 13. The company’s consolidated profit stood at Rs 187.35 crore in second quarter of 2023-24.
In a stock exchange filing, Nalco’s consolidated revenue from operations surged to Rs 4,001.48 crore as against Rs 3,043.83 crore in the July-September quarter of the previous fiscal. Notably, Nalco company board gave its nod to an interim dividend of Rs 4 per share for the current financial year.
Eicher Motors share
Eicher Motors share price jumped nearly 7 per cent to Rs 4,908. In its Q2 Results 2024-25, the automaker reported its consolidated profit after tax surged 8 per cent on-year to Rs 1,100 crore. The company had reported a Profit After Tax (PAT) of Rs 1,016 crore in the second quarter of last fiscal.
Eicher Motors registered its best-ever second quarter revenue from operations at Rs 4,263 crore, the regulatory filing mentioned. During the July-September quarter, Royal Enfield recorded sales of 2,25,317 motorcycles. It sold 2,29,496 vehicles in the Q2 of FY24.
“During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV,” Eicher Motors Managing Director Siddhartha Lal said.
Jio Financial Services share price
Jio Financial Services share price surged nearly 6 per cent today morning to Rs 316.85. The stock jumped as it expected to be included in Nifty in the March 2025 rejig. In its Q2 Resuots 2024-25, the company mentioned that its consolidated net profit rose 3.13 per cent to Rs 689.07 crore as against Rs 668.18 crore in Q2 of 2023-24. Total income increased 14.11 per cent to Rs 693.85 crore.
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Nalco share price gained over 1 per cent while Eicher Motors share price jumped nearly 7 per cent on November 14, 2024. Jio Financial Services share price appreciated nearly 6 percent. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
