DLF shares became rocket after quarterly results, investors became rich by 7 percent, Tata Motors broke all records
DLF Share Price Tata Motors Share Price Due to the strong business in the market today, many stocks showed tremendous growth. Shares of Tata Motors today crossed a one-year high, touching new highs.
Shares of DLF Limited rose over 7 percent on Monday after the company reported a 40 percent jump in net profit for the quarter ended March 2023. In March 2023, the company recorded record sales of Rs 15,058 crore.
The stock closed at Rs 468.30, up 7.43 percent, on the BSE. It touched its 52-week high of Rs 475.60, up 9.10 percent during the day. It closed at Rs 468.05, up 7.36 percent, on the NSE. In terms of traded volume, 9.59 lakh shares of the company were traded on BSE, and over 2.81 crore shares were traded on NSE during the day.
Realty sector giant DLF Limited on Friday reported a 40 percent growth in its consolidated net profit to Rs 569.60 crore for the quarter ended March 2023. Total expenses declined to Rs 1,178.31 crore from Rs 1,344.83 crore in the January-March quarter, leading to an increase in net profit.
DLF's net profit grew 36 percent to Rs 2,033.95 crore in 2021-22 from Rs 1,500.32 crore in the previous fiscal. The total income in FY 2022-23 declined to Rs 6,012.14 crore from Rs 6,137.85 crore in the previous year.
On the other hand, Tata Motors's net profit for the March quarter was Rs 5,408 crore, its shares gained nearly three percent on Monday. The stock closed 2.94 percent higher at Rs 530.80 on the BSE. During the day, it climbed 4.16 percent to its 52-week high of Rs 537.15.
It closed at Rs 530.55, up 2.82 percent, on the NSE. During the day, the company's shares rose 4.10 percent to hit a 52-week high of Rs 537.15. It emerged as the biggest gainer among Sensex firms.
The market valuation of the company increased by Rs 5,036.07 crore to Rs 1,76,301.19 crore. In terms of traded volume, 15.18 lakh shares of the company were traded on BSE. Over 3.82 crore shares were traded on the NSE during the day.
Tata Motors reported a net profit of Rs 5,408 crore in the March quarter and aims to improve its profit margin this fiscal despite headwinds. Tata Motors said in a regulatory filing on Friday that the company had reported a net loss of Rs 1,033 crore in the January-March quarter of FY 2021-22.
Lower inflation, better pricing, and efficient operations have also led to a strong improvement in margins and profits. Total revenue from operations in the fourth quarter stood at Rs 1,05,932 crore, as against Rs 78,439 crore in the year-ago period.
