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[hfe_template id='11223'] [ad_1] Shares of Max Financial Services rose 2.5% in early trade to their day’s high of Rs 1,145.80 on the BSE on Thursday after a large block deal involving 35.8 lakh shares worth Rs 399 crore took place at Rs 1,112 per share. Max Ventures Investment Holding is likely to offload up to a 1.59% stake in Max Financial Services through block deals, according to a CNBC-TV18 report. The offer price is reportedly set at Rs 1,117.6 per share, representing a 0.5% discount to the company’s current market price. The total size of the block deal is estimated at Rs 611.6 crore, the report added. This comes months after a significant transaction on September 5, 2024, when 1.5 crore shares, representing 4.3% of the company’s equity, changed hands in a Rs 1,637 crore deal. Max Financial Services, a leading player in the life insurance sector through its joint venture with Axis Bank, reported a 62.3% year-on-year drop in net profit to Rs 56 crore for the quarte...

[hfe_template id='11223'] [ad_1] Shares of KPI Green Energy climbed as much as 5% on Friday to hit their upper circuit limit at Rs 452.65 on the BSE, after the solar power generation company reported a 67% year-on-year increase in net profit for the December quarter. The consolidated net profit rose to Rs 84.50 crore in Q3 FY25, up from Rs 50.61 crore in the same period last year. The company's revenue from operations for the third quarter also saw a significant uptick, registering a 38.8% YoY growth to Rs 458.36 crore, compared to Rs 330 crore in the year-ago quarter. The company attributed this robust performance to sustainable growth in its renewable energy business. Also read | 3 out of 4 Nifty 50 firms saw EPS cuts in January 2025: JM Financial In addition to the strong financial results, KPI Green Energy declared a third interim dividend of 4%, equating to Rs 0.20 per equity share with a face value of Rs 5 each, for the financial year 2024-25. The record date f...