4 stories mentioning BOM:543482Updated 32d ago
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Eureka Forbes (NSE:EUREKAFORB, BOM:543482) has an average rating of buy and mean price target of 642.60 Indian rupees, according to analysts polled by FactSet.
Eureka Forbes (NSE:EUREKAFORB, BOM:543482) has an average rating of buy and mean price target of 655.36 Indian rupees, according to analysts polled by FactSet.
Indian benchmark indices closed in the negative territory on Tuesday as investors stayed cautious amid mixed global cues and renewed uncertainty around geopolitical tensions in the Middle East.The BSE Sensex fell 114.19 points, or 0.2%, to close at 75,200.85, while the NSE Nifty 50 declined 31.95 points, or 0.1%, to settle at 23,618.00.Market sentiment remained subdued as concerns over the U.S.-Iran conflict, elevated crude oil prices, and persistent weakness in the Indian rupee continued to pressure risk appetite.In earnings news, RITES (NSE:RITES, BOM:541556) slipped over 1% after reporting a marginal decline in fiscal fourth-quarter consolidated profit to 1.30 billion rupees from 1.33 billion rupees a year earlier.Eureka Forbes (NSE:EUREKAFORB, BOM:543482) also declined over 1% despite posting a higher quarterly profit of 510.3 million rupees compared to 495 million rupees last year.In other corporate developments, Bharat Forge (NSE:BHARATFORG, BOM:500493) ended lower by around 2% after its aerospace division signed an MoU with the Andhra Pradesh government to establish a marine gas turbine repair, overhaul, and development facility in Visakhapatnam.
Eureka Forbes' (NSE:EUREKAFORB, BOM:543482) consolidated attributable profit rose to 510.3 million Indian rupees in the fiscal fourth quarter ended March 31, from 495 million rupees a year ago.Earnings per share came in at 2.62 rupees from 2.55 rupees a year earlier, the home appliance company said in a filing to the Indian bourses on Tuesday.Revenue from operations in fiscal Q4 also increased to 6.84 billion rupees from 6.13 billion rupees a year prior.The company's shares were down nearly 2% in recent trade.
