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[hfe_template id='11223'] [ad_1] Shares of R R Kabel surged nearly 6% on BSE to the day’s high of Rs 1,820.80 after the company reported a profit after tax of Rs 78.7 crore, up by 20.6% year-on-year (YoY). The company's revenue also rose 15.7% YoY to Rs 1,754 crore for the fourth quarter of FY 24, while EBITDA margin decreased by about 10 bps YoY to 6.6%. The company stated that its segment profit also increased by 43% in FY24 compared to FY23 due to cost reductions and operational efficiencies. Here is what brokerages say: Motilal Oswal R R Kabel has demonstrated its ability to grow at a higher rate than peers, with its cables & wires segment recording a CAGR of 21%/24% in revenue/EBIT over FY19-24. Management also remains optimistic for cables & wires demand growth in the country and indicated that its volume growth would be 20% in FY25. Motilal reiterated its 'buy' rating on the stock with a target price of Rs 2,200. Citi Group The global brokerage...

[hfe_template id='11223'] [ad_1] Shares of Bikaji Foods International jumped 9.3% to Rs 583.9 in Friday's trade on BSE after the firm posted a massive 200% jump in net profit at Rs 116.3 crore in the quarter ended March 31, compared to Rs 38.67 crore in the year-ago period. Sequentially, the profit recorded a 153% jump compared to Rs 46 crore in the December quarter. Its revenue from operations rose 12.8% to Rs 520.8 crore in the March quarter, from Rs 461.7 crore in the same period last year. Meanwhile, Bikaji Foods' total expenses surged to Rs 471.20 crore in Q4 FY24 as against the total expenses of Rs 415.43 crore in the similar period last fiscal. EBITDA was up 10.2% at Rs 67.5 crore in the reported quarter from Rs 61.3 crore in the year-ago period, while margin stood at 13% in the said quarter. The board of the company also approved a final dividend of Re 1 per equity share.Also Read: 10 midcap stocks with the highest dividend yield over past one year At 10:...