FINOLEX CABLES LTD Q1 RESULTS
Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons. At this point of time, when valuations are high and small corrections can lead to strong negative reactions in stock prices. So, while capital gains is the objective, never lose the perspective of protecting capital from sudden shocks. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?
R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.
3M India Q4 Results: 'Post-it' maker posts profit rise; shares surge
3M INDIA-RESULTS/'Post-it' maker 3M India posts Q4 profit rise; shares surge
Technical Breakout Stocks: Bharat Dynamics, Finolex Cables & Cochin Shipyard hit record highs; trading tips for Monday
The domestic market closed flat after hitting record highs with S&P BSE Sensex reaching 75,636 and Nifty50 at 23,026. Buying was seen in public sector stocks while selling was seen in other sectors.
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.
Apar Industries shares zoom 8% after company reports Q4 results, announces Rs 51 dividend
Apar Industries recorded a fresh 52-week high on Tuesday apparently propelled by its Q4 revenue growth of 9% YoY. Its PAT, however, declined 3% YoY. The stock has zoomed 208% in the last one year.
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Hot Stocks: Brokerage view on Tata Motors, Eicher Motors, Bank of Baroda and Polycab
Brokerage firm Jefferies upgraded Bank of Baroda to a buy, Citigroup has a buy rating on Polycab, Jefferies maintained a buy rating on Eicher Motors and Morgan Stanley downgraded Tata Motors to Equal Weight.
Q4 results today: Tata Motors, Cipla among 87 companies to announce earnings
Q4 results today: Several other companies scheduled to release their financial results include Cholamandalam Finance, Eicher Motors, Finolex Industries, Jupiter LifeLine Hospitals, Kalyan Jewellers, Piramal Pharma, Punjab and Sind Bank, Spencers Retail, TCI Express, Thermax, and more.
Q4 Results: Havells India, Central Bank of India and IndiaMart
Havells India has posted a PAT of Rs 449 crore, which is a 24% increase on a YoY basis while the company has recorded a YOY growth of 12% in its net revenue. The EBITDA grew by 80 bps, up from 10.9% to 11.7%.
Hathway Cable and Datacom Q4 Results: Firm posts net profit of Rs 35 cr
Hathway Cable and Datacom Ltd on Wednesday reported a consolidated net profit of Rs 34.57 crore for the March quarter.
Q4 results today: Tata Communications, Angel One among 10 companies to announce earnings
March quarter earnings season starts with Tata Communications and ICICI Lombard set to announce. Boards to discuss dividends. High-frequency indicators point to strong demand momentum. Key focus on data gross revenue, DPS revenue, and EBITDA margins.
GTPL Hathway Q4 Results: Company back in black with Rs 16-crore net profit
GTPL Hathway reported a consolidated net profit of Rs 16 crore for the quarter ending March 31, compared to a net loss of Rs 11 crore in the same quarter of the previous fiscal.
Has the worst of news been priced in? 5 stocks from consumer electrical sector with upside potential of up to 45%
Both railways and defence related stocks are examples of what happens when a sector catches the fancy of the street. Once that happens, no questions are asked about valuations, market size or for that matter anything else, just mad rush to own them. It is not the first time this is happening, right from IT stocks in 2000 to infrastructure stocks in 2008, many sectors have witnessed such moves before they corrected and valuations come in the zone of sanity. One sector which had caught fancy of the street between 2016 and 2020 was consumer electrical space. All the stocks witnessed strong re-rating and became multibagger. However in the last four years, they have gone through a phase of valuation sanity check as they faced many headwinds. Have the stock prices, priced in the worst of news and time to bring them back on the watch list.
Havells Q3 Results: Net profit inches up 1.5% YoY to Rs 287.9 crore
Consumer electrical goods maker Havells India Ltd on Tuesday reported a marginal 1.54 per cent rise in its consolidated net profit to Rs 287.91 crore for the third quarter ended December 2023.
Polycab India Q3 Results: Consolidated PAT rises 15% YoY to Rs 413 crore; revenue up 17%
Polycab Q3 Results: Polycab India reported a double-digit growth in profit and revenue for Q3. Consolidated net profit rose 15.4% YoY to Rs 413 crore, while revenue from operations grew nearly 17% YoY to Rs 4,340 crore. EBITDA increased by 13% to Rs 569.20 crore. However, the operating margin shrunk by 44 basis points to 13.12%. Shares of Polycab India were trading 0.5% down at Rs 4,417.
Mutual funds miss the multibagger bus in these 5 smallcap stocks. Should you chase?
An analysis of mutual fund data shows that asset managers have been consistently reducing stake in at least 36 smallcap stocks for the last four quarters. Out of them, only six - Johnson Controls - Hitachi Air Conditioning India, GHCL, Accelya Solutions, Sterlite Technologies, Greaves Cotton and TCNS Clothing - have given negative returns in the last one year.
Deepak Chhabria steps down as Finolex Cables chairman
Deepak Chhabria has been removed from the board of Finolex Cables, following a longstanding dispute with his cousin, Prakash Chhabria. This comes after the Supreme Court reprimanded the National Company Law Appellate Tribunal for allowing Deepak to continue in his role. The fight for control of Finolex Cables is expected to intensify, with Prakash intending to stake claim to the position. Shares of Finolex Cables rose 1.47% on Friday.
Finolex Cables matter: SC issues contempt notice to NCLAT members for disobeying orders
The Supreme Court has issued notices to two members of the National Company Law Appellate Tribunal (NCLAT) for defying court orders in the Finolex Cables disputes matter. The court expressed doubts about the honesty of the NCLAT's actions and emphasized that corporate India should know that the Supreme Court is watching. The NCLAT's judgment relating to the annual general meeting of Finolex Cables was set aside by the court. The NCLAT members have been asked to provide an explanation for their actions.
NCLAT suspends its judgement in Finolex matter after Supreme Court's order for enquiry
The National Company Law Appellate Tribunal (NCLAT) has suspended its order regarding the disclosure of the results of Finolex Cable's annual general meeting (AGM) after an enquiry by the Supreme Court. The Supreme Court had directed the NCLAT chairperson to conduct an enquiry following an allegation that one of its benches delivered an order without following the top court's directions.
SC directs NCLAT chairperson to conduct enquiry over tribunal allegedly not following top court direction
The Supreme Court has ordered an enquiry into an allegation that the National Company Law Appellate Tribunal (NCLAT) delivered an order without following the top court's directions. The order relates to the annual general meeting of Finolex Cables and a legal dispute over the management control of the company. The NCLAT was directed by the Supreme Court to declare the results of the meeting only after receiving the scrutiniser's report. However, the NCLAT pronounced the order before the report was uploaded, leading to accusations of defiance of the Supreme Court's order. The NCLAT chairperson has been instructed to conduct an enquiry and submit a report by Monday.
Finolex Cables yet to disclose AGM voting results on reappointment of executive chairman
Finolex Cables' scrutiniser, in a disclosure submitted to the stock exchange, has revealed that, in light of the Supreme Court's directive, the voting results are kept in abeyance until the National Company Law Appellate Tribunal (NCLAT) passes its final orders.
This pharma stock is set to rise 5%; another 6% upside seen in cable firm
Nifty stayed in the flat zone at open and managed to move up a little before being pulled down. It closed with a net loss.
Breakout Stocks: How CE Info Systems, Finolex Cables and MCX are looking on charts for Friday’s trade
Stocks that were in focus include names like CE Info Systems (Map My India) which was up more than 7% to hit a fresh record high, Finolex Cables also rallied more than 7% and MCX closed with gains of more than 8% to hit a fresh 52-week high on Thursday.
Q1 results this week: LIC, Adani Ports, IRCTC, Hero MotoCorp, Nykaa and others
Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results
Multibagger stock jump over 13% after Q1 profit zooms 59% YoY
Consolidated EBITDA for the June quarter rose 44.6% YoY to Rs 21.3 crore. Meanwhile, EBITDA margin came in at 11.3% in the same period. Growth in the margins on both YoY and QoQ basis was on account of a favourable revenue mix and softening of input cost.
Dynamic Cables Q1 Results: Net profit grows 59% to Rs 11.38 crore
In a separate statement, company's Managing Director Ashish Mangal said, "We have reported strong numbers in the first quarter of FY24. The growth was driven by healthy demand for our products across domestic and export markets.
HFCL Q1 Results: Net profit zooms 42% YoY to 75.56 crore
Indian telecom equipment and cable manufacturer HFCL has seen a year-on-year increase of 42.3% in net profit for Q1 FY24 as a result of successful business practices. The firm reported revenues of INR995.19 crore ($133.9m), 5.3% less than the previous year. However, the company focused on expanding capacity
Havells India Q1 Results: Profit rises on steady demand in cables business
Havells India's Q1 pre-tax profit for the cables sector nearly doubled, putting overall profit for the quarter at INR2.87bn ($37.4m), up 18.5% QoQ, helped by steady infrastructure spending and healthy real estate demand. However, like-for-like sales of low-priced aircon units and fans left under the Lloyd Consumer brand
Polycab India Q1 Results: Profit soars 82% YoY on strong wires and cables business
Consolidated net profit for India's largest wires and cables maker climbed to Rs 399 crore ($48.65 million) in the three months ended June 30, compared with Rs 220 crore in the year ago.
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