GOLDEN TOBACCO LTD Q2 RESULTS
Rupee at the mercy of politics? What’s the fate of the rupee?
The recent volatility in Indian markets and the rupee reflects a shift in the political landscape, with Narendra Modi's BJP failing to secure a majority. Despite forming the coalition government, its fortunes — and that of the Nifty and the rupee — will remain dependent on the allies.
Best Hair Bleach Products for Vibrant Transformations and Radiant Hair
This curated selection features some of the best hair bleach products, designed to deliver consistent, and even lightening for all hair types. From pre-lightening your hair to prepare for bold colours to achieving natural, sun-kissed highlights, these products ensure professional-grade results with ease. Enriched with nourishing ingredients like argan oil, flax oil, and almond oil, they protect and condition your hair during the bleaching process, minimising damage and enhancing shine.
ITC share price targets go well beyond Rs 500 after Q4 results. Should you buy, sell or hold?
ITC's Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
Consumption demand remained subdued in Q4, rural India recovered after several quarters: ITC
FMCG major ITC notes subdued Q4 consumption but rural demand recovery. Q4 profit below estimates at Rs 5,190 crore; revenue up 2% to Rs 19,446.5 crore. Cigarette revenue rises 7.7%, FMCG (excluding cigarettes) up 7.2%, impacted by low priced Chinese supplies and trade restrictions on agri commodities affecting agri business segment.
Blue Star has a very balanced growth in both B2B and B2C segments; Jan-July overall market growth to be 30-35%: Vir Advani
Blue Star's Vir Advani discusses strong Q4 performance, market growth outlook, revenue milestones, and technological advancements. Anticipates continued demand revival, capacity expansion, and industry growth with a focus on innovation and efficiency improvements.
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10 Best Air Conditioners Under 50000 in India: Beat the Summer Heat (2024)
Discover the top 10 air conditioners under 50000, offering optimal cooling solutions without breaking the bank. From energy-efficient models to smart features and powerful cooling capacities, these AC units cater to diverse needs and budgets. Explore a range of brands and features to find the perfect balance of performance, affordability, and innovation for your home cooling needs.
Best Baby Girl Clothes for 0-2 Years: Tiny Trends for Delicate Girls
Are you looking for the best baby girl clothes for your delicate doll? If so, then continue reading this article where we share a handpicked selection of the baby girl dresses which are tiny trends for the cutest babies on the planet. These dresses are cute, pretty and comfortable for your baby so that she is comfortable while looking her best from the beginning of her life.
Finest Brown Sugars for golden goodness in your everyday meal
Discover the rich and warm notes of the finest brown sugars to elevate your culinary creations. From deep molasses undertones to a subtle caramel sweetness, explore the world of brown sugars that add a touch of golden goodness to your everyday meals.
Best Honey in India: Nectar of Purity and Natural Golden Goodness
Are you looking for a good honey brand to avail an array of benefits that come with it? If so, we suggest you go through the article where we have shared a list of the best honey in India. All of the mentioned honey come from renowned brands, have great Amazon ratings and are readily available on Amazon.
Paytm loses out on Fastag; IT hiring slows amid increased scrutiny
The move is aimed at ensuring that millions of Paytm Fastag users do not face any hassle while using toll roads after the cut-off date, people aware of the matter told ET. The government is apprehensive of the inconvenience that will be caused to Paytm users, they said.
RIL shares zoom 7%, hit fresh 52-week high; m-cap tops Rs 19 lakh crore
D-Street analysts expect 2024 to be an eventful year for Reliance Industries as the past two years of investments move into the monetization phase. "We think investment cycles will be shorter than in the past 2 decades, with limited impact on balance sheet leverage," global brokerage Morgan Stanley said.
Godfrey Phillips Q3 Results: Marlboro India seller's net profit rises 7% YoY to Rs 212 cr
Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses.
PNB raises profit guidance to Rs 7,000 cr for FY24
Going by revised guidance, the fourth quarter profit would be upwards of Rs 2,000 crore as well. In the third quarter ended December 2023, the bank earned a profit of Rs 2,223 crore, registering an over 253 per cent jump over the same quarter a year ago.
Why was Draymond Green ejected for third time this season
In a heated Tuesday night showdown, Draymond Green's third ejection of the season marred the Golden State Warriors' clash with the Phoenix Suns, adding to a season marked by on-court controversies. Despite Green's absence, the Suns secured a hard-fought 119-116 victory, showing the dynamic trio of Booker, Beal, and Durant, who have yet to play together this season.
Draymond Green: 5 most roughest ejections of the player
Draymond Green's ejection on Tuesday was particularly challenging, with many calling for the star forward to be punished severely. Many people pondered if Green's ejection was the most violent of his career.
Bears waking up? Here are 7 largecap stocks with right mix of RoE & RoCE
It is a well known fact that equities are fraught with risk. But the word “risk” also needs to be further looked into. In equities the risk is more in the short term, over longer term, it is not very high. Also, when diversified in the manner that exposure is to different segments of an economy, risk of a sharp decline in value comes down. Another way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
ITC Q2 Results: Profit rises 10% YoY to Rs 4,927 crore; beats estimates
ITC's revenue from operations for the quarter ended September, excluding excise duty, increased 2.6% YoY to Rs 16,550 crore. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose a mere 1% YoY Rs 4,886.54 crore. Operating margin shrank 44 basis points on year to 29.53%. Cigarette business revenue grew 10% on year in the quarter to Rs 7,658 crore.
Persistent Systems shares rise over 4% after Q2 profit grows 20% YoY
The company's consolidated revenue for the quarter under review came at Rs 2411.67 crore, a rise of 17.7% YoY, and a 3.9% gain sequentially. While, the dollar revenue came at $291.71 million, a 14.1% increase as compared to the year-ago period.
ITC Q1 Preview: PAT may rise 15% YoY despite muted sales; cigarette ops show steady growth
The higher growth in the profit despite a muted topline is primarily due to ITC’s higher dependence on the cigarette business. Despite a scale-up in the FMCG business, cigarettes constitute close to 70% of ITC’s profit and about 45% of its revenue.
Godfrey Philips shares zoom over 15% after strong Q1 results
Its revenue from operations was up 26.84% to Rs 1,245.39 crore during the quarter under review as against Rs 981.83 crore in the corresponding period of the previous fiscal. Meanwhile, its total expenses were at Rs 1,036.06 crore, up 25.5% YoY in the first quarter of FY 2023-24.
RIL shares fall 2% after company misses Q1 earning's estimates. Should you buy?
Diversified conglomerate Reliance Industries (RIL) on Friday reported a year-on-year (YoY) drop of 11% in the consolidated net profit for the quarter ended June 2023 to Rs 16,011 crore. Consolidated revenue declined 5.3% YoY to Rs 2.11 lakh crore.
IAMAI fumes over new anti-tobacco rules for OTTs; Local firms ride ‘AI outsourcing’ wave
The Internet and Mobile Association of India (IAMAI) is asking the government to renotify the latest anti-tobacco rules impacting video streaming platforms, this time after consulting the industry.
BPCL shares gain after Q4 net profit doubles. Should you buy?
Bharat Petroleum Corporation (BPCL) recorded a standalone net profit of INR 6,478 crore in Q4FY23. The figure more than doubled from the year-ago period on the back of growth in fuel marketing margins and refining margins. BPCL reported a net profit of INR 2,501 crore in Q4FY22. The company's Q4FY23 earnings beat estimates led by refining, with higher domestic sales. BofA maintained an 'Underperform' stance on the stock, while Nuvama has a 'Buy' recommendation, and HDFC Securities retained an 'Add' rating with a target price of INR 390.
Should you buy, sell or hold Titan shares after better-than-estimated Q4 results?
Titan reported higher-than-estimated Q4FY23 earnings with a standalone net profit of Rs 734 crore, up 50% YoY, and a 33% YoY surge in revenue to Rs 9,704 crore. The future outlook for the company remains mixed, with Phillip Capital maintaining a 'Buy' citing the company's long-term drivers remaining intact, whereas Emkay prefers to remain conservative and hold due to weak macros.
The Q2 conundrum: 4 stocks rally up to 95% despite sales drop in Sept quarter
Global brokerage firm Morgan Stanley has maintained its overweight rating on HAL with a target price of Rs 3,216 on the stock as the management has manufacturing order visibility of Rs 1.2 lakh crore over next 3-5 years and valuations are compelling.
ITC Q2 Results: Profit rises 21% YoY to Rs 4,466 crore, beats estimates
Revenue from the mainstay cigarette business grew more than 23% on year to Rs 6,953.80 crore. Cigarettes constitute more than 80% of ITC’s net profit and about 45% of its topline. The hotel business saw a sharp recovery on the resumption of business and leisure travel. This segment’s revenue rose by a whopping 82% on year to Rs 536 crore.
Godfrey Phillips India Q4 profit up 9% to Rs 103.88 cr, income up 2.84%
While revenue from retail and related products was marginally down to Rs 83.20 crore as against Rs 83.52 crore in the fourth quarter last fiscal, it said.
SoftBank reports $3.5 billion net loss in Q2
CEO Masayoshi Son describes SoftBank as a goose laying "golden eggs" - referring to its stakes in startups that go to market, but IPOs have dropped off and shares in many of its top assets fell during the quarter.
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