Stock Market Share and IPO News

Stock Market Share and IPO News: What You Need to Know

In the March 2024 quarter, K.P. Energy saw a 60.85% rise in its consolidated net profit.

. In the quarter ending March 2024, K.P. Energy witnessed a significant growth in net profit, which rose by 60.85% to Rs 24.90 crore from Rs 15.48 crore in the corresponding quarter of 2023. Moreover, sales also saw a notable increase of 39.62% to Rs 207.26 crore in the quarter ending March 2024, as opposed to Rs 148.45 crore in the previous year.

Lupin enters the US market with the launch of a generic pharmaceutical product.

Lupin, the pharmaceutical company headquartered in Mumbai, has recently launched the medication following its approval from the US Food and Drug Administration (USFDA), as stated in Lupin's official statement.

In a recent statement, Lupin, a drug manufacturer based in Mumbai, announced the launch of Mirabegron extended-release tablets (25 mg) in the US market. This move comes after receiving approval from the US Food and Drug Administration (USFDA). Lupin's product serves as a generic equivalent to Astellas Pharma Global Development, Inc's Myrbetriq extended-release tablets. The medication is primarily used to address various bladder problems, such as overactive bladder. As of now, Lupin shares are trading at Rs 1,599.35 apiece on the BSE, reflecting a 3.38 percent increase.

Company is going to give dividend for the 32nd time, big announcement made, 200% profit on one share

Persistent Systems Ltd is going to give the gift of dividend to investors soon. The company has decided to give 200 percent dividend on each share. The dividend has been declared on Sunday. The effect of the decision is being seen today i.e. on Monday. At 9.21 am, the company's shares were trading at Rs 3799 with a decline of more than 2.28 percent.

How much profit is made on 1 share?

The company had said in the information given to the stock exchanges on Sunday that the board has advised to give a dividend of Rs 10 to eligible investors on a share with face value of Rs 5. The final decision on this will be taken in the company's AGM. It is possible that only then the record date may also be announced by the company.

In March 2024, the company underwent a share split, dividing its shares into smaller portions. Prior to this, on January 30, 2024, the company traded ex-dividend, providing eligible investors with a dividend of Rs 32 per share. As a result of the split, the face value of the company's shares decreased from Rs 10 to Rs 5 per share.

How is the company performing in the stock market?

The company's share price has fallen by more than 5 percent during the last one month. At the same time, investors who have held for more than 3 months have suffered a loss of 1.9 percent so far. Let us tell you, in the last one year this stock has given returns of more than 80 percent to positional investors.

Marks the commencement of the JNK Limited IPO, an event that has garnered significant attention. Familiarize yourself with all the crucial facts you need to be well-informed.

The JNK India IPO subscription period will commence on April 23, 2024, and conclude on April 25, 2024, allowing investors to subscribe to the offering.

On April 23, 2024, JNK India Limited will commence its initial public offering (IPO) to raise Rs 649.47 crore from the public. The company, which was established in 2010, specializes in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces.

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