DSIJ Mindshare

These stocks from S&P BSE 250 SmallCap space were trading in the green after strong demand from buyers.

The stock jumped over 18 per cent on Wednesday, marking a fresh 52-week high. It recorded robust volume of nearly 26 lakh shares on NSE, the highest volume traded since the first week of April 2023.

Quarterly Results: The net sales increased by 1.26 per cent to Rs 2,920.78 crore and net profit skyrocketed by 122 per cent to Rs 12.31 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 0.87.

According to the Brand Finance India 100 2023 report, Tata Group has smashed the USD 25 billion brand value threshold for the first time, marking an impressive 10.3 per cent growth to reach USD 26.4 billion. This milestone not only cements its position as India's most valuable brand but also sets a precedent as the first Indian brand to break this impressive value mark.

According to the quarterly results, net sales increased by 70.84 per cent to Rs 5,003 crore in Q1FY24 over Q1FY23. The company reported a net loss of Rs 344 crore in Q1FY24 compared to a net loss of Rs 188 crore in Q1FY24. In FY23, the net sales increased by 10.16 per cent to Rs 23,365 crore and net profit increased by 7.2 per cent to Rs 477 crore compared to FY22.