GARDEN REACH SHIPBUILDERS ENGINEERS LTD Q3 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.
Mazagon Dock shares surge over 4% amid talks of Rs 35,000 crore deal with Ministry of Defence
MDL shares rose 4.3% as discussions with MoD for Rs 35,000 crore deal on Kalvari-class submarines progress with 60% indigenous content commitment.
Fresh tailwinds of export markets: 5 stocks from engineering sector, 4 with upside potential of up to 30%
They say that tough times bring the best out of some. In case of India Inc, there are many examples where the economic slowdown post 2008 global financial crisis, made companies deal with all kinds of troubles and after various permutations and combinations they were able to find solutions, first to survive and then grow. In the case of engineering companies where the role overlapped to some extent with capital goods, it was the export market which turned out to be the solution. Because it is not easy to venture into the export market as there are large global players who ensure that it is not easy to get into their turf. For some companies it was a long drawn process which is now delivering results and leading to a situation where the return on capital and effort employed is much better today.
As Modi 3.0 begins, where the economy stands, where it's headed
Narendra Modi is set to begin his third term as PM with a full-strength NDA team, amidst optimism for India's economic future. RBI Governor Shantikanta Das highlighted the country's robust economic growth, strong manufacturing sector, recovering rural demand, and promising investment activity. India's external sector remains resilient, with positive growth prospects ahead.
GRSE shares surge 8% after it becomes L1 bidder for DRDO order
GRSE further informed that the deal is still in its negotiation phase and has not been signed yet. The company has given multibagger returns of 169% to its investors in the last year while in the last 6 months, the shares of GRSE have increased by 60.3%.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
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Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday
Sensex rose nearly 1,200 points to hit a record high of 75,499 and Nifty settled near 23,000. Buying was seen in banks, capital goods, auto and consumer durables. Healthcare and metal stocks saw little selling pressure. Garden Reach Shipbuilders rose 20% to hit a fresh record high.
GRSE shares surge 20% after posting doubling Q4 profit but ICICI Securities screams sell
Shares of PSU defense company Garden Reach Shipbuilders (GRSE) experienced a significant surge of 20% on the BSE on Thursday, reaching a new all-time high of Rs 1,424.80. This surge followed the company's announcement of a remarkable 104% year-on-year (YoY) increase in its net profit to Rs 112 crore.
Best hedge trimmers in India for meticulous trimming and superior performance
This article lists the best hedge trimmers in India and highlights top models in various categories to suit different needs. For cordless options, the BLACK+DECKER GTC18502PCF-B1 stands out with its 18V battery, POWERCOMMAND™ button, and ergonomic design, while the EVEAGE Cordless Grass Shears offer a versatile 2-in-1 tool with an 8V rechargeable battery and lightweight build. In the electric category, the GARDENA 9831-20 EasyCut is praised for its 450W motor, dual-action blades, and ergonomic handling, making it ideal for small to medium hedges. The STIHL HSE 42 provides consistent power with a 500 mm metal blade and a lightweight design for ease of use. For those on a budget, the BLACK+DECKER GT4245-B1 offers a 420W motor, 45 cm blade, and essential safety features like a cable management system and protective guard.
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.
Best Power Tillers in India: Powerful Performance for Your Fields
Discovering India's Top Power Tiller: Unearthing the Perfect Blend of Efficiency and Durability. In a saturated market, finding the ideal power tiller can be daunting. This comprehensive guide sifts through the options, highlighting performance, affordability, and reliability. From robust engines to user-friendly features, uncover the ultimate choice for your agricultural needs.
Best Grass Trimmers in India: Trimming Excellence
Discover the top grass trimmers revolutionizing lawn care in India. From powerful electric models to efficient cordless options, this roundup unveils the ultimate tools for pristine lawns. Whether you're a professional landscaper or a home gardener, find the perfect trimmer to keep your green spaces neat and trim with ease.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
TCS beats the estimates. Will other 5 IT majors be able to do it? If yes, this 13.05% will change the Nifty’s behaviour for good
Rs 33.44 / Rs 34.41 / 13.05% will these three numbers change how the Nifty behaves in next few days. By the time you are reading this, headlines about TCS beating the Q4 estimate would be running on the ticker. The question is what determines that the company has beaten the estimates and how it makes a difference to the fortune of these shareholders of the company and street and nifty as a whole. In the case of TCS, the estimated EPS for Q4 the analysts was Rs 33.44 for the Q4 for FY 24 and the actual numbers were Rs 34.31. While it might appear that this is a mere difference of just 87 paisa, but the fact is in an over researched and heavily institutionally owned stock that it is a good enough difference of expectations for stock to move sharply in the short term. What are the estimates of earnings for 5 large companies? And will they change the course of Nifty.
Buy Garden Reach Shipbuilders & Engineers, target price Rs 1080: Prabhudas Lilladher
Garden Reach Shipbuilders & Engineers Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 10037.62 Crore) operating in Shipping sector.
Shipping stocks surge up to 12% led by multibagger Mazagon Dock
Cochin Shipyard also hit its 52-week high of Rs 1,062 on the NSE, gaining 8% in the intraday trade. Garden Reach Shipbuilders shares remained unbeaten over the past three sessions, extending gains to 18%.
Sell Garden Reach Shipbuilders & Engineers, target price Rs 500: ICICI Securities
Garden Reach Shipbuilders & Engineers Ltd. key Products/Revenue Segments include Contract Revenue, Sale of Products, Sale of services, Scrap, Other Operating Revenue and Miscellaneous Income for the year ending 31-Mar-2023.
L&T Q3 Results: Net profit rises 15% YoY to Rs 2,947 crore
During the quarter, the company received orders worth Rs 75,990 crore at the group level registering a growth of 25% on a year-on-year basis. Orders were received across businesses like offshore verticals of hydrocarbon, solar EPC & Power Transmission, Water Utilities, Buildings & Factories, and Minerals & Metals sectors. International orders at ₹ 50,562 crore during the quarter comprised 67% of the total order inflow.
L&T Q3 preview: Cons PAT may surge 39% YoY on strong execution; FY24 guidance eyed
L&T Q3 preview: L&T's profit on a consolidated basis could grow by 39% year-on-year for the quarter to Rs 3,362 crore, according to the average of estimates given by seven brokerages. This growth will be led by a 17% increase in the consolidated revenue to Rs 54,255 crore.
Paytm trims Q3 losses; Dream11 FY23 revenue grows 66%
Digital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore a year ago and Rs 290 crore in the preceding quarter.
5paisa Capital shares tumble 9% post Q3 results
5paisa Capital reported that its consolidated net profit rose 37% YoY to Rs 15.1 crore for the quarter ended December. The same stood at Rs 11 crore in the year-ago period.
5paisa Capital Q3 Results: Net profit soars 37% YoY to Rs 15 crore; revenue jumps 20%
Consolidated income of 5paisa Capital during the reporting quarter jumped 20% year-on-year to Rs 100 crore as against Rs 83.8 crore in the corresponding quarter of last year. Profit before tax for the quarter increased 37% to Rs 20.2 crore. For nine months of FY24, revenue rose 14% year-on-year to Rs 282 crore, while profit was up 67% year-on-year to Rs 48.7 crore.
Q4 results this week: Adani Ports, Adani Transmission, IRCTC, Apollo Hospitals and others
Nifty stocks fell short of the estimated 10.6% with 9.7% while Nifty 500's earnings improved by 11.7% compared to the estimated 8.9%, indicating the outperformance of mid- and small-caps. Equity markets will take cues from macro data, US debt negotiations, and central bank policy meetings. Companies such as Adani Transmission, IRCTC, NHPC, Torrent Power, and Mazagon Dock Shipbuilders are among many to release the Q4 earnings in the last week of May.
PSU defence stock tumbles 7% after post Q4 earnings
Garden Reach Shipbuilders & Engineers (GRSE) saw a 7% drop in its share price in Thursday's trading despite reporting a 17.16% increase in profit after tax (PAT) for the March quarter. GRSE's PAT increased to Rs 55.3 crore compared to Rs 47.2 crore a year ago, while revenue from operation rose by 10.68% to Rs 601.17 crore for the same period. Cmde Hari PR, IN (Retd) Chairman and MD of GRSE said the company had the "best ever" financial performance during FY 22-23, which was a credit to the team's resilience and resolve.
Airlines have a cousin called shipping: A few survivors & winner takes it all
There are some industries in which many players enter with much fanfare but the majority of them don't survive for long. Both airlines and shipping companies fall in this category. Why do they enter? Because imagine a world without airlines and shipping, so size and need is huge. Problem lies elsewhere. The promoters need to conserve cash when going is good and that is where they exactly fail
Buy Garden Reach Shipbuilders & Engineers, target price Rs 540: HDFC Securities
Garden Reach Shipbuilders & Engineers, incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 5296.88 Crore) operating in Shipping sector.
Reduce Garden Reach Shipbuilders & Engineers, target price Rs 385: ICICI Securities
Promoters held 74.5 per cent stake in the company as of 31-Dec-2022, while FIIs owned 2.52 per cent, DIIs 7.55 per cent.
This PSU multibagger defence stock gets an upgrade from ICICI Securities
During an investor call with the brokerage, the management said it sees benefits from the ongoing fleet expansion drive in defence and that EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding
Reduce Garden Reach Shipbuilders & Engineers, target price Rs 385: ICICI Securities
Garden Reach Shipbuilders & Engineers, incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 4947.50 Crore) operating in Shipping sector.
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