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Siemens share price falls 2% after consolidated net profit in Q4 falls 38%

Siemens share price was down almost 2 percent intraday on May 14 after the company declared its March quarter numbers on Wednesday.The company reported a 38 percent drop in consolidated net profit at Rs 175.7 crore for the March quarter due to lower revenues. The company's consolidated net profit stood at Rs 284.2 crore in the quarter ended March 31, 2019, it said in a statement.Total income of the company declined...

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Reliance Industries goes ex-right; share price falls 1%

Reliance Industries (RIL) share price fell over 1 percent in early trade on May 14 as the company’s share goes ex-right today.On April 30, the company announced fundraising by way of rights issue along with its Q4 FY20 numbers.The company had announced fundraising of Rs 53,125 crore via 1:15 rights issue and fixed May 14 as the record date.One share will be offered for every 15 shares held at Rs 1,257, a 14 pe...

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Godrej Consumer share price jumps 4% post Q4 numbers; Jefferies retains 'hold'

Godrej Consumer Products share price was up more than 4 percent in the morning trade on May 14.The stock has gained over 12 percent in the last five days and was quoting at Rs 548.50, up Rs 13.95, or 2.61 percent, at 0934 hours.The company had a day earlier reported an over 75 percent drop in consolidated net profit at Rs 229.90 crore in the fourth quarter ended March 2020, hit by disruptions in sales because of the...

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Maruti Suzuki share price slips over 3% post Q4 nos; CLSA maintains sell

Maruti Suzuki share price slipped over 3 percent in early trade on May 14 after the company announced its Q4 results.On May 13, the company declared its March quarter profit of Rs 1,291.7 crore, down by 28.1 percent YoY against a profit of Rs 1,795.6 crore for March quarter previous year.Revenue from operations for the March quarter declined 15.2 percent year-on-year to Rs 18,198.7 crore as sales volumes slipped 16...

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Piramal Enterprises share price tanks 10% on weak Q4 earnings

Piramal Enterprises share price fell 10 percent intraday on May 12, day after the company reported a loss of Rs 1,702 crore in the quarter ended March 2020 on higher provisions and tax adjustments.The stock lost more than 56 percent of its value in one year. It was quoting at Rs 850.85, down Rs 81.40, or 8.73 percent, on the BSE at 1238 hours.Piramal Enterprises has reported a fourth quarter loss at Rs 1,702 crore a...

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