Shares of Godrej Industries were trading nearly 2 percent lower at open after a block deal involving 27.7 lakh shares of Godrej Industries, equivalent to 0.9 percent of its equity, was executed at Rs 1,164 per share. The value of the deal was around Rs 323 crore. The buyer and seller are currently unknown.
At 10: 15 am, the stock was trading nearly 1.96 percent lower at Rs 1,130.
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In Q2, Godrej Industries reported a 229.98 percent year-on-year (YoY) jump in net profit to Rs 288 crore for the second quarter. The company's revenue from operations increased 22 percent to Rs 4,805 crore as against Rs 3,937.6 crore in the corresponding period of the preceding fiscal. EBITDA jumped 229.98 percent to Rs 288 crore in the second quarter of this fiscal over Rs 87.3 crore in the corresponding period in the previous fiscal.
Over the last one month, stocks for Godrej Industries gained around 9 percent.
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