HINDUSTAN AERONAUTICS LTD Q3 RESULTS
HAL to consider final dividend payout for FY23-24 on June 26
On Wednesday, Hindustan Aeronautics (HAL), a defense PSU, disclosed its plan to discuss the payment of the final dividend for the fiscal year 2023-24 during its board meeting scheduled for June 26th.
Can India’s Rafale slay China’s ‘Mighty Dragon’ deployed near LAC?
New satellite imagery reveals the deployment of J-20 stealth fighter jets by PLA Air Force near LAC. India seems confident that newly-acquired Rafale fighters and S-400 air defence systems can effectively thwart any Chinese threats
Jefferies recommends Buy on Hindustan Aeronautics amid defence indigenisation and export focus, sees 12% upside
Jefferies, citing upbeat sentiment towards defense indigenization and export focus, recommends buying HAL with a target price of Rs 5,725, indicating a 12% upside potential from the previous day's closing price of Rs 5,103 per share. The firm anticipates HAL to maintain double-digit growth over the next 3-5 years, supported by positive sentiments around defense indigenization and exports.
Move over PSUs, defensive bets can be the next big story under Modi 3.0
Defensive sectors like FMCG and pharma are emerging as potential winners under Modi 3.0, with experts forecasting gains fueled by rural push and policy actions. Investors are advised to explore stocks like HUL, Dabur, and pharma majors for potential returns amidst PSU valuation concerns.
Hot Stocks: Brokerages on Balkrishna Industries, M&M, HAL and L&T
Brokerage firms like Jefferies, ICICI Securities, and Citigroup are positive on industrial space with L&T, HAL, Balkrishna Industries, and M&M as top picks.
Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season
During the election season, PSU stocks, also known as 'Modi stocks', surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi's policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.
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Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
GE Power India Q4 Results: Firm posts Rs 26 crore net profit
GE Power India on Wednesday posted a consolidated net profit of Rs 25.94 crore in March 2024 quarter on the back of higher revenue. The company had reported a loss of Rs 129.70 crore in the quarter ended on March 31, 2023, a BSE filing showed.
ONGC Q4 Results: Net profit jumps 19 times to Rs 9,869 crore
India's top oil and gas producer had made a provision of Rs 9,235 crore in the January-March 2023 quarter towards disputed taxes for the period from April 1, 2016, to March 31, 2022.
Industrials & Consumer Durables deliver biggest gains in Q4. Here’s how other sectors performed
Indian stock markets have been in a bright spot with Nifty500 surging 37% and Sensex 20% in the past one year. Here are the sectors with the biggest gains in the past quarter. Take a look: (Source Trendlyne)
HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18%
HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.
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.
Maldives says 76 Indian military personnel replaced by civilians to operate 3 aviation platforms gifted by India
Minister Zameer stated Indian military personnel in Maldives were replaced by HAL civilian workers. This followed a New Delhi agreement meeting President Muizzu's pro-China demand. The shift of command to Maldivian authorities was confirmed.
Bajaj Hindustan Q4 Results: Net profit slides 31% YoY to Rs 90.56 crore
Bajaj Hindustan Sugar on Friday posted 31 per cent fall in consolidated net profit to Rs 90.56 crore during the fourth quarter of the 2023-24 fiscal on lower income. Net profit stood at Rs 130.91 crore in the same quarter of the previous financial year, as per the regulatory filing.
HPCL announces 1:2 bonus share issue, Rs 16.5 dividend along with Q4 results
The record date for the bonus issue has been fixed on June 21, while the credit of shares will happen on or before July 8. The paid-up share capital before the bonus issue stands at Rs 1,418.55 crore, an increase to Rs 2,127.82 crore after the issuance.
Hindustan Unilever approves dividend of Rs 24 per share
The Company had earlier paid an interim dividend of Rs 18 per share on November 16, 2023, the total dividend for the financial year amounts to Rs 42 per share, which is an increase of 8% over the last financial year.
HUL Q4 Results: Net profit drops 6% YoY to Rs 2,406 crore, misses estimates
HUL Q4 Results: Revenue from operations in the reporting period rose marginally to Rs 14,693 crore, compared with Rs 14,638 crore in the corresponding period of last year.
Q4 results today: HUL, Axis Bank, LTIMindtree among 22 companies to announce earnings
Today marks a significant day for investors and market participants as several key companies from various sectors are set to announce their fourth-quarter results. Among the notable earnings releases, Hindustan Unilever (HUL), LTIMindtree, Indian Hotels, Axis Bank, Macrotech, and Tata Investment stand out.
Hindustan Zinc Q4 Results: PAT slumps 21% YoY to 2,038 crore, revenue falls 12%
Hindustan Zinc Q4 Results: The PAT was, however, up on a sequential basis from Rs 2,028 crore in Q3FY24. The revenue also grew from Rs 7,067 crore reported in the previous quarter. The stock traded at Rs 397.25 on the NSE at 2:30 pm, down by Rs 7.50 or 1.85%.
Q4 results today: Wipro, Jio Financial among 15 companies to announce earnings
Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited reports from companies like Wipro, Hindustan Zinc, Sejal Glass, and others will provide further insight into the sector's performance.
Q3 results today: Hindalco Industries, BHEL, IRCTC among 500 companies to announce earnings
On Monday, over 299 companies announced their December quarter earnings which included the likes of NHPC, Coal India, 63 Moons Technologies, Allcargo Logistics, Balmer Lawrie Investments and Galaxy Surfactants.
Q3 results this week: M&M, Coal India, Hindustan Aeronautics, Eicher motors, BHEL and IRCTC
Siemens, Hindalco Industries, Eicher Motors, BHEL, IRCTC, Bosch, Info Edge (India), Oil India, Prestige Estates Projects, Gujarat Gas, ITI, Deepak Nitrite, National Aluminium Company,
Hindustan Motors report a Rs 11 crore profit after Rs 1 crore loss last year
Hindustan Motors Friday reported net profit of Rs 11.22 crore in the third quarter ended 31st December 2023, as compared to a net loss of Rs 1.15 crore posted in the same period of the last financial year.
HPCL Q3 Results: PAT slumps 90% sequentially to Rs 529 crore; stock tanks 6%
HPCL Q3 Results: Hindustan Petroleum Corporation's net profit for Q3 tripled YoY to Rs 529 crore, but slumped by 90% sequentially. Revenue from operations rose 2% YoY to Rs 1.11 lakh crore, growing by 16% sequentially. The stock declined over 6.5% following the Q3 earnings presentation. The board recommended an interim dividend of Rs 15 a share.
Q3 results today: ICICI Bank, Kotak Bank, IDBI among 40 companies to announce earnings
Q3 results today: 40 companies announcing their quarterly earnings. ICICI Bank and Kotak Mahindra Bank are among the most tracked after results. Other important results include IDBI Bank, IDFC First Bank, IREDA, J&K Bank, JK Cement, Persistent Systems, and Union Bank.
HUL Q3 Results: PAT rises just 0.6% YoY to Rs 2,519 crore, trails estimate
Hindustan Unilever (HUL) reported a disappointing quarterly performance, with net profit rising 0.6% YoY to Rs 2,519 crore, missing estimates. Revenue from operations fell 0.3% YoY. Underlying sales growth and volume growth were flat. EBITDA rose 0.1% YoY to Rs 3,540 crore. Operating margins expanded 8 basis points to 23.31%. Homecare segment sales declined, beauty and personal care segment had flat sales growth, and the foods and refreshments segment saw a 1% growth in sales.
HUL Q3 results today: What brokerages expect and key monitorables
HUL Q3 results today: Hindustan Unilever (HUL) is expected to report its Q3 earnings with muted numbers due to weak volume growth, price cuts, and rising advertising costs. Analysts predict a 6% YoY rise in net profit to Rs 2,653 crore, with a 1% growth in revenue to Rs 15,378 crore. The quarter-on-quarter (QoQ) bottomline is expected to fall 2.4%, while the topline could grow by 0.7%. HUL's performance in the October-December period was affected by uneven rainfall, a warmer winter, and subdued rural demand, resulting in a projected 2% growth in volumes.
Hindustan Zinc Q3 Results: Profit falls 6% YoY to Rs 2,028 crore
Revenue from operations too declined 7% year-on-year to Rs 7,067 crore in the said third quarter. On a sequential basis, net profit jumped 17% from Rs 1,729 crore reported in the preceding quarter, while revenues were up 8% quarter-on-quarter.
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