Latest news with #44thAnnualGeneralMeeting
Economic Times
5 days ago
- Business
- Economic Times
Nalco shares slip 1% even as Q1 profit soars 78% to Rs 1,049 crore
Shares of National Aluminium Company (Nalco) dipped 1.19% to end at Rs 187.4 on Friday, despite the company reporting a sharp rise in its Q1 FY26 earnings. ADVERTISEMENT On Thursday, August 7, Nalco announced its financial results for the quarter ended June 2025, posting a net profit of Rs 1,049 crore, a 78% jump from Rs 588 crore in the same period last year. Revenue from operations surged 33% YoY to Rs 3,807 crore from Rs 2,856 crore, driven by robust demand and improved pricing. Further boosting investor sentiment, Nalco's board recommended a final dividend of Rs 2.50 per share (50% of the face value of Rs 5 each) for FY25, subject to shareholder approval at the upcoming 44th Annual General Meeting (AGM).Nalco's CMD attributed the strong quarterly performance to cost-efficient operations, a favorable domestic environment, higher production volumes, and improvements in techno-economic transportation increased by 6.56%Alumina Hydrate production rose 35.5% ADVERTISEMENT Calcined Alumina output jumped 52.25%Aluminium Cast Metal production grew 2.68% Despite the robust financials, Nalco shares traded flat with a slight negative bias at Rs 188, well below the 52-week high of Rs 263.10, but above the 52-week low of Rs 140.00, highlighting the stock's volatility over the past year. ADVERTISEMENT Relative Strength Index (RSI): The 14-day RSI stands at 51.4, indicating neutral momentum. (RSI below 30 is considered oversold; above 70 is overbought.)Simple Moving Averages (SMA): The stock is trading below 4 of its 8 key SMA, the 20-day, 30-day, 50-day, and 200-day, suggesting bearish undertones in both short- and long-term trends. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Nalco shares slip 1% even as Q1 profit soars 78% to Rs 1,049 crore
Live Events Production highlights compared to Q1 FY25: Technical Overview: (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of National Aluminium Company (Nalco) dipped 1.19% to end at Rs 187.4 on Friday, despite the company reporting a sharp rise in its Q1 FY26 Thursday, August 7, Nalco announced its financial results for the quarter ended June 2025, posting a net profit of Rs 1,049 crore, a 78% jump from Rs 588 crore in the same period last from operations surged 33% YoY to Rs 3,807 crore from Rs 2,856 crore, driven by robust demand and improved boosting investor sentiment, Nalco's board recommended a final dividend of Rs 2.50 per share (50% of the face value of Rs 5 each) for FY25, subject to shareholder approval at the upcoming 44th Annual General Meeting (AGM).Nalco's CMD attributed the strong quarterly performance to cost-efficient operations, a favorable domestic environment, higher production volumes, and improvements in techno-economic transportation increased by 6.56%Alumina Hydrate production rose 35.5%Calcined Alumina output jumped 52.25%Aluminium Cast Metal production grew 2.68%Despite the robust financials, Nalco shares traded flat with a slight negative bias at Rs 188, well below the 52-week high of Rs 263.10, but above the 52-week low of Rs 140.00, highlighting the stock's volatility over the past Strength Index (RSI): The 14-day RSI stands at 51.4, indicating neutral momentum. (RSI below 30 is considered oversold; above 70 is overbought.)Simple Moving Averages (SMA): The stock is trading below 4 of its 8 key SMA, the 20-day, 30-day, 50-day, and 200-day, suggesting bearish undertones in both short- and long-term trends.
Mint
08-07-2025
- Business
- Mint
Elcid Investments: One of India's highest-priced stocks fixes record date for dividend; details here
Dividend stock in focus: Elcid Investments, which once dominated headlines as one of the most expensive stocks on the Indian stock market, is back in focus after announcing the record date for its dividend. The company has set Wednesday, July 23, 2025, as the record date for determining the members eligible to receive a dividend for the financial year 2024–25, subject to approval at the upcoming 44th Annual General Meeting. While announcing its March quarter results, the company declared a final dividend of ₹ 25 per equity share with a face value of ₹ 10 each for the financial year ending March 31, 2025. Elcid has rewarded its shareholders with a dividend of ₹ 25 per share in each of the last two financial years as well. Elcid Investments' stock has fallen over 55 per cent from its record high after a dramatic surge earlier in November. The company made headlines after its relisting on October 29, which followed an extraordinary 6,685,452 percent rise in its stock price. The surge was a result of a special call auction mechanism introduced by the Bombay Stock Exchange (BSE), aimed at enabling price discovery for select investment holding companies. The auction pushed the stock price to a staggering ₹ 236,250 per share. Following its relisting, Elcid Investments continued to climb, reaching an all-time high of ₹ 316,597 per share. However, the stock has since experienced a sharp correction, falling by 56 per cent from its peak to its current price of ₹ 140,299 per share. Elcid Investments functions as a non-banking financial company (NBFC), registered with the Reserve Bank of India (RBI) as an investment company. Holding companies like Elcid typically own shares in other listed firms but do not engage in active business operations. As a result, these companies often trade at a significant discount on their book value due to limited liquidity and low trading volumes. Disclaimer: We advise investors to check with certified experts before taking any investment decisions.
Time of India
26-06-2025
- Business
- Time of India
Infosys AGM 2025: Nilekani flags global uncertainty; AI and energy shift central to firm's strategy
File photo: Infosys chairman Nandan Nilekani (Picture credit: PTI) Infosys chairman Nandan Nilekani warned that the convergence of global tariff conflicts, AI disruption, and the energy transition is creating a "perfect storm" for businesses, urging companies to prioritise innovation and supply chain diversification. Speaking at Infosys' 44th Annual General Meeting, Nilekani said businesses now face the challenge of navigating fragmented global markets amid rising regional trade barriers. 'Clearly, the world is shifting from a single global market to fragmented blocks, forcing companies to make strategic choices and navigate between regions,' he told shareholders virtually, as cited by ET. Nilekani highlighted that bilateral and regional trade pacts have become dominant, necessitating urgent derisking strategies. He also said the accelerating energy transition, driven by innovations in solar, wind, hydrogen, batteries, and nuclear, has added 'another layer of uncertainty,' particularly with the increased role of electricity requiring massive investments in grid infrastructure. Addressing the impact of AI, Nilekani stated that companies must embrace foundational changes to their digital architecture to stay competitive. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo 'Legacy system modernisation and data architecture overhauls... are becoming increasingly unavoidable,' he said. He underscored the need for firms to develop both 'AI foundries for innovation and AI factories for scaling.' Infosys, positioning itself as an AI-native company, has trained over 275,000 of its 320,000 employees in AI. CEO Salil Parekh, whose reappointment until March 2027 was approved by shareholders, revealed that Infosys is currently working on 400 generative AI projects. 'Using AI technologies, we have generated 10 million lines of code… and built 200 agents internally,' he said, as per ET. Infosys is also involved in 30 AI agent-based client engagements and is actively expanding into tier-2 and 3 cities like Gandhinagar, Hubli, Coimbatore, Vizag, and Guwahati to tap regional talent pools. Responding to shareholder concerns, Nilekani clarified that the new wave of Global Capability Centres (GCCs) in India is driven not by cost benefits but by innovation needs. 'GCC is no longer our competitor. They're critical clients for us on AI,' he said, affirming Infosys' strategic alignment with global R&D efforts. On the financial front, Nilekani assured that Infosys remains committed to returning 85% of its free cash flow to shareholders during FY25–29, addressing repeated shareholder queries on buybacks and bonuses. 'Infosys offers the stability that organisations need to survive and thrive,' Nilekani concluded, reiterating that the company remains deeply relevant to clients amid sweeping industry transformations. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Indian Express
25-06-2025
- Business
- New Indian Express
Both AI and GCCs are new ways of growth and not a threat: Nandan Nilekani
Infosys chairman Nandan Nilekani said both Artificial Intelligence (AI) and Global Capability Centres (GCCs) are not a threat to IT services firms and that they are new ways of growth. Answering a shareholder's query on which is a greater threat to an IT service firm- AI or exponential growth of GCCs, Nilekani at the company's 44th Annual General Meeting (AGM) on Wednesday said the current wave of GCC is not about cost arbitrage, it's about innovation arbitrage. "Quite a few companies are setting up research centres, AI/Machine Learning centres, GCCs, and we're helping many of them in this regard. This means that GCCs are no longer our competitors, they're critical clients for us," he said. On AI, he said it is there in every part of the company's client conversations, and that they are seeing strong business traction, mainly driven by Infosys Topaz. Nilekani also answered shareholders on how the company is mitigating business risks considering the present macroeconomic uncertainties. He said, "Infosys is the leader in AI, cloud, data and digital for our clients. Despite macro challenges, we are confident of our positioning both on cost takeout and discretionary spend." He added that the company is continuously investing in reskilling and upskilling its employees in AI. "As of today, we have over 275,000 employees who are trained in AI at different levels of proficiency," he said. Infosys CEO and MD Salil Parekh said India is a strategic market for the company and that it is growing well. "India is a critical geography for us, we work with different Indian entities, for example, with the government on income tax, GST. We are doing work with LIC on next-gen digital capabilities, working with the majority of the banks in India. So, for us, it's a strategic market," he said. He also added that clients are prioritizing strategic AI partnerships using good traction for AI/Gen AI work, which is in software engineering, process optimisation, customer support, advisory services and sales & marketing. Senior executives also mentioned how the company is actively moving to tier-2, 3 cities to enable and attract more talent.
