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Shares of Eicher Motors, the manufacturer of Royal Enfield, surged 7.5% to a high of Rs 4,934.50 on the BSE on Thursday, following the companys announcement of an 8% increase in standalone net profit, reaching Rs 1,010 crore for the quarter ending September 2024.
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Varun Beverages' shares rose 5% after the company launched a qualified institutional placement (QIP) to raise Rs 7,500 crore. The floor price for the issue is set at Rs 594.56 per share, representing a 1.5% discount. This move comes as the company reported a 22.3% rise in net profit for the third quarter, reaching Rs 628.83 crore.
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Nalco share Price: National Aluminium Company (Nalco) witnessed a remarkable five-fold surge in its consolidated profit for the September quarter, reaching Rs 1,045.97 crore, driven by robust revenue growth. The company's board has announced an interim dividend of Rs 4 per share. Nalco's shares, despite a recent dip, have shown impressive growth this year.
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