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Greaves Cotton on Thursday reported a consolidated Profit After Tax (PAT) of Rs 15.94 crore in the April-June quarter of FY23. The company had posted a loss of Rs 22.48 crore in the corresponding period of the previous fiscal.

The stock witnessed a similar movement on the NSE, where it started at Rs 49,750, and then touched its 52-week high of Rs 50,350, a rise of 2.73 per cent over its last close.

Trent key Products/Revenue Segments include Readymade Garments, Other Operating Revenue and Rent for the year ending 31-Mar-2022.

A total of 10,850 shares changed hands on the counter till 01:19PM (IST)

Radico Khaitan Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 12248.53 Crore) operating in Beverages - Alcoholic sector.

For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 2990.86 crore, up 47.58 % from last quarter Total Income of Rs 2026.62 crore and up 15.62 % from last year same quarter Total Income of Rs 2586.91 crore. Company has reported net profit after tax of Rs 1052.86 crore in latest quarter.

The Relative Strength Index of the stock stood at 53.16 on Friday.

The Nifty Pharma index closed 0.49 per cent up at 13014.2.

“We take comfort in the board’s assertion that the company has an effective mechanism for succession planning for the orderly succession of directors and senior management personnel. We raise concerns that he (Sharma) is not liable to retire by rotation, and that he will get board permanency if he continues in a non-executive capacity following the end of his term as managing director,” IIAS said.

Global oil prices also gained, with the benchmark Brent crude oil contract rising for last two sessions through Thursday as the International Energy Agency raised its oil demand growth forecast for this year. The benchmark Brent contract was trading at $99.15 per barrel, after gaining over 3% in last two days.