In the last quarter, the company reported a 384.3 per cent quarter-on-quarter increase in revenue.
Mumbai: Pharmaceutical company Murae Organisor Ltd is expected to declare a stock split soon. According to an exchange filing, the company is considering the corporate action as part of its ongoing commitment to shareholder value creation. The firm has informed exchanges that its board will meet on April 24, 2025, to consider a stock split.
“To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013. and Sebi Regulations 2015,” said the company in a filing.
In the last quarter, the company reported a 384.3 per cent quarter-on-quarter increase in revenue, with total revenue from operations rising to Rs 281.04 crore in Q3 FY25, compared to RS 58.00 crore in the previous quarter.
Meanwhile, equity benchmark indices Sensex and Nifty climbed for the sixth day on Tuesday as investors’ sentiment remained buoyant amid continuous foreign fund inflows and buying in blue-chip bank stocks.
The 30-share BSE benchmark Sensex climbed 319.89 points to 79,728.39 in early trade. The NSE Nifty went up by 76.1 points to 24,201.65.
From the Sensex firms, Eternal, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra and Mahindra & Mahindra were among the biggest gainers.
IndusInd Bank, Infosys, Power Grid and Asian Paints were among the laggards.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,970.17 crore on Monday, according to exchange data.
In Asian markets, South Korea’s Kospi index and Shanghai SSE Composite traded higher while Tokyo’s Nikkei 225 and Hong Kong’s Hang Seng quoted lower.
US markets ended significantly lower on Monday. Nasdaq Composite dropped 2.55 per cent, Dow Jones Industrial Average tanked 2.48 per cent and S&P 500 slumped 2.36 per cent.
