Buzzing stocks: Ambuja Cements, Satin Creditcare, AllcargoGati, Sun Pharma

Stocks to watch on June 25: Ambuja Cements Ltd. has secured 24 bids for new limestone mines, adding an estimated total resource of 587 million tonnes

Shares of Alkem Laboratories slumped 6.9 per cent at Rs 4,900 on the BSE in Thursday’s intraday trade. The crack in the stock price of Alkem Labs came despite its profits soaring multifold on a year on year (Y-o-Y) basis in the fourth quarter of the fiscal year 2023-24 (Q4FY24).

On Wednesday, Alkem Laboratories reported a 313.9 per cent surge in its consolidated net profit, reaching Rs 293.5 crore in the quarter ending March 31, 2024, compared to Rs 70.9 crore in the corresponding period last year.

In Q4FY24, revenue from operations stood at Rs 2,935.8 crore, marking