CELLO WORLD LTD Q2 RESULTS
5 world market themes for the week ahead
Euro 2024 excitement rises with political shifts in Britain and France. M&A activity surges amidst economic uncertainties. Emerging Asia grapples with inflation as central banks navigate rate decisions. Labour's potential win in Britain poses fiscal challenges. The market awaits U.S. job data impact on Federal Reserve's rate policy.
Need to have one, strong brand or big market size: 4 midcap stocks with right levels of RoE and upside potential of up to 21%
In all market conditions investing in mid-cap stocks is always a challenge for any investor. This challenge gets much bigger when the valuations are extremely high but at the same time the market is in a strong bullish trend. A choice has to be made between taking risk or losing the opportunity of making returns in a short period of time. In such times, it would be better that investors should be cautious in selecting the stocks, better to go with buying in smaller quantities and keep some cash allocated for the stocks, but only to be used on the day when there is absolutely chaos on the street. Why this strategy is likely to work, because it will take care of volatility which is bound to happen when valuations are not on the side of bulls. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
10 Best Casseroles in India designed to Retain Heat for Extended Period (2024)
Embark on a culinary journey with this curated selection of the best casseroles available online. From sleek stainless steel designs to innovative tri-ply construction, we showcase a range of options tailored to elevate your culinary experience. Discover casseroles with features like superior heat retention, and non-stick finishes. With capacities ranging from compact to generous, these casseroles ensure your dishes stay warm and flavourful, making mealtime a delightful experience every time.
Glenmark Pharma Q4 Results: Net loss widens to Rs 121 crore YoY
Glenmark Pharma Q4 Results: The rise in loss was on account of declining sales in the US and exceptional items. It had reported a net loss of Rs 34.5 crore in the corresponding quarter of the previous year. In FY24, Glenmark's consolidated revenue reached Rs. 11,813 crore, a 2% increase year-over-year. The company's EBITDA margin for the fiscal year was 10.1%, primarily due to a one-time impact on sales in the India business during the third quarter.
Hindalco Q4 Results: Profit jumps 70% YoY to Rs 1,412 crore, beats estimates
Hindalco reported a 69.7% YoY jump in its standalone Q4 profit to Rs 1,412 crore with revenue rising 10.72% to Rs 22,140 crore, beating Street estimates. Consolidated EBITDA was Rs 7,201 crore, up 24% YoY, driven by lower costs and higher volumes.
Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday
181 companies, including IndiGo and ITC, will announce their quarterly earnings for Jan-Mar 2024. IndiGo is expected to post healthy earnings, while ITC may see muted revenue growth.
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Sun Pharma net profit jumps 34% YoY to Rs 2,654.6 crore in Q4FY24
Sun Pharma's Q4FY24 net profit rises 34% YoY to Rs 2654.6 crore, driven by increased sales of global specialty products. Interim dividend of Rs. 5 declared for FY24.
Sun Pharma Q4 Results: Profit jumps 34% YoY to Rs 2,654 crore, meets Street estimates
Sun Pharma Q4 Results: The company's revenue rose 10% year-on-year to Rs 11,983 crore in the reporting quarter. It was Rs 10,931 crore a year ago. Its board has approved a final dividend of Rs 5 per share, which will be paid within the prescribed timeline. India formulations sales were Rs 3,707 crore for the fourth quarter, showing growth of 10% over Q4 last year and accounted for 31.4% of total consolidated sales for the quarter.
Tyson Fury vs Oleksandr Usyk result influenced by Russia-Ukraine war? Rematch in October? Here is truth
Tyson Fury vs Oleksandr Usyk result has drawn bizarre claims from former WBC title holder who also sought rematch, as per reports.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Pre-market action: Here's the trade setup for today's session
"Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
GIFT Nifty rises 120 points; here's the trading setup for today's session
"We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%
Varun Beverages Q1 Results: Co reported a consolidated net profit of Rs 548 crore, rising 5% year-on-year (YoY) for the quarter ended March 31, 2024; revenue from ops stood at Rs 4,398 crore
GIFT Nifty down 40 points; here's the trading setup for today's session
"We expect this volatility to continue in the near term in the absence of any major positive trigger. Now till Nifty holds below 22000 zones, weakness could be seen towards 21700," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
India Exim Bank sees 12.3% year-on-year goods exports growth in Q1 FY25
The World Trade Organization (WTO) has predicted global goods trade to slowly recover in 2024 following a contraction last year. The volume of world merchandise trade is projected to increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023, the WTO said last month but cautioned that regional conflicts, geopolitical tensions and economic policy uncertainties pose substantial downside risks to the forecast.
Sula Vineyards shares tumble nearly 7% after company's Q4 profit declines
Sula Vineyards Share Price: The PAT for the quarter ended March 2024 dropped 4% year-on-year (YoY) to Rs 13.55 crore against Rs 14.24 crore for the same period, a year ago while the revenue from operations stood at Rs 131.70 crore, up by approximately 10% from Rs 120 crore in Q4FY23.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
Red Sea disruption cuts Q2 capacity by 15%-20%, Maersk says
The company, viewed as a barometer of world trade, last week said that shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year. "The risk zone has expanded, and attacks are reaching further offshore," Maersk said in an advisory to customers on Monday.
Foxconn reiterates Q2 revenue to grow, posts record April sales
Foxconn anticipates higher second-quarter revenue with record April sales and strong growth in AI server demand, smart consumer electronics, and cloud products. CEO Tim Cook optimistic about revenue growth.
Adani Green Q4 Results: Consolidated PAT plunges 70% YoY to Rs 150 crore
Adani Green Q4 Results: Adani Green Energy reported a 70% YoY drop in net profit to Rs 150 crore for Q1 2024. Revenue fell 8.4% YoY to Rs 1,941 crore. EBITDA grew 30% to Rs 7,222 crore with operational capacity up 35%.
UltraTech Cement Q4 Results: Board approves dividend of Rs 70/share
The cement maker reported a Profit After Tax (PAT) of Rs 2,258 crore, up 36% YoY, beating the Street estimates of Rs 2,048 crore.
Hyundai Motor Q1 Results: Profit drops 2.4%, beats forecasts
The world's No.3 automaker by sales along with affiliate Kia Corp reported net profit of 3.2 trillion won ($2.32 billion) for the January-March period, down from 3.3 trillion won a year earlier.
Bunge Q1 Results: Profit falls on weaker agribusiness results, shares drop
Agricultural commodities trader Bunge Global reported a smaller-than-expected decline in first-quarter profit on Wednesday as good oilseed processing results in Europe and Asia blunted the impact of weaker grain trading margins.
Wipro Q4 Results: Profit falls 8% YoY to Rs 2,835 crore, marginally misses estimates
Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation.
L'Oreal Q1 Results: Sales jumps 9.4% on strong mass market demand
L'Oreal's Q1 sales rose 9.4%, beating expectations amid U.S. and China market worries. Maybelline, Lancome brands led the 11.24 billion euros revenue. Ulta Beauty, e.l.f. Beauty, Coty faced pressure. Estee Lauder, North America, Europe impacted.
Bottoming out on revenue side; running a marathon and a sprint at the same time: TCS Management
TCS executives discuss generative AI pipeline revenue, growth prospects, AI challenges, and revenue conversion uncertainties. They anticipate growth revival, emphasize efficiency, innovation, and the complexity of running a marathon and sprint simultaneously. Krithivasan says "the Cloud unit that we formed is doing really well. They have launched several offerings to customers, which are really noteworthy and people like it. So, we should do well."
Even risk-takers need checks and balances: 4 midcap stocks with potential upside of up to 29 %
For all the investors who have been focussing on the midcap segment, this was a week of reality check. The way midcap stock tumbled and the way market breadth panned out it was just a reminder of two things, never ignore valuations and secondly however good the stock might be when the correction takes place, even the best of the stocks can decline sharply. For all those investors whose portfolio is titled in favor of the mid-caps need to do two things in current market conditions. First, don't extrapolate what has happened in the last one quarter to the mid caps stocks. The reason: there might be some change in the ways the flows are coming to midcap funds due to recent SEBI advisory through AMFI to fund houses. Second, which is more important, be careful when taking fresh exposure to this segment of the market and apply checks and balances.
Hot Stocks: Brokerage view on Fortis Healthcare, Cello World, HPCL and Emami
Nomura maintained a buy rating on Fortis Healthcare but raised the target to Rs 475 from Rs 388 earlier. There are adequate levers in place to deliver margin expansion. The global investment bank sees the hospital segment's EBITDA margin to improve to 20.2% in FY25 from 16.9% in FY23.
ZEEL Q2 Results: Profit grows 9% YoY to Rs 123 crore; revenue jumps 20%
Operating revenue rose 20% year-on-year (YoY) to Rs 2,437 crore in the second quarter under review. The company has clocked 6% growth in its consolidated EBITDA to Rs 333 crore in the July-September period. EBITDA margins came in at 13.6% in the same period, down from 15.6% a year ago.
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