KRISHNA DEFENCE AND ALLIED INDUSTRIES LTD Q2 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.
PSU stocks feel poll result heat; Cochin Shipyard, Bharat Dynamics worst hit, fall up to 10%
PSU stocks like Cochin Shipyard and Bharat Dynamics fell by 10% following the BSE PSU index's 4% drop post Lok Sabha election results. Analysts remain positive on PSUs as they see government entities having an advantage.
A dozen consumer companies line up IPOs amid a thriving stock market
India's primary market anticipates a dozen consumer-facing companies to launch IPOs this year to capitalize on market potential. Companies like Coca-Cola's bottling partner HCCB, CG Foods, Allied Blenders & Distillers, Urban Tots, Cremica Food, Patel's R Mart, PNG Jewellers, Baazar Style Retail, Unicommerce eSolutions, One Mobikwik Systems, and Swiggy are among those planning IPOs.
Smriti Irani, Arjun Munda, Rajeev Chandrashekhar among 13 losing Union ministers
BJP heavyweights Smriti Irani, Arjun Munda, Ajay Mishra Teni, and Kailash Chaudhary faced defeat in the 2024 Lok Sabha elections, relying on allies to form the government after stunning losses in three Hindi heartland states.
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.
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.
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India well poised to benefit from great opportunities coming from hotels and hospitality sector: Puneet Chhatwal, IHCL
And if things keep going this way, and it is anybody's guess, I know that there is a new book coming out in the market which predicts India at 47, with more than 50 trillion economy and there are others that are predicting at 27 or 28.
DOMS shares rally 10% to fresh all-time high after Q4 results; brokerages increase target up to Rs 2,121
DOMS Industries witnessed a remarkable surge of 10% in its shares on Tuesday on the BSE, reaching a new all-time high of Rs 2,035. This surge followed the company's announcement of a 29.6% year-on-year (YoY) increase in its Q4 profit after tax (PAT), which amounted to Rs 46.93 crore.
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.
Dipan Mehta gives a hard pass to specialty chemicals; will bet on agrochem stocks
Dipan Mehta discusses the cautious outlook on chemicals, interest in agrochemical plays, auto sector trends, high PE ratios in capital goods, potential investments post-election, mixed earnings season results, and concerns about overvalued EMS companies. Mehta also says: "If the government comes back with a stable majority, then the best stocks to buy would be the defence stocks, PSUs. It could be PSU banks or the PSU engineering companies."
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.
Second half of FY25 will be much stronger for IT industry: Mastek CEO
Mastek CEO Chandrana discusses FY24 growth, soft Q4 revenue, optimism for FY25. He also talks about Mastek's share in a $1.2-billion UK Ministry of Defence project, client conversations, and margin profile target of 17-18%. Chandrana says: "As far as the revenue and growth is concerned, in dollar terms, we grew 15.8% YoY. If you remove the small acquisition that we did in FY24, we still grew at a fairly healthy rate compared to competition. "
Cyient DLM shares zoom 13% on solid Q4 results led by defence & aerospace deals
The company's Q4 revenue stood at Rs 362 crores, with quarter-on-quarter (QoQ) growth of 12.7% and YoY growth of 30.5%.
Skepticism on stock price vs tailwinds of policy push: 4 defence sector stocks with upside potential of up to 26%
In the last four years of bull run, among the PSU space, defence was the first sector to see a re-rating, infact it was the sector which led back the resurgence of the PSU space which was then followed by railways and then NBFCs which are lending to particular sectors. Now the fact that the defence stocks have run up sharply and sitting with gains, questions are bound to come on whether they have priced all the positives or not. A part of the answers lies in looking at how the stock behaved in recent times and whether the macro operating picture of the sector has changed or not. On the price front, in the corrective move of March, after initial correction due to profit booking, some of the defence stocks have once again moved upward and are quoting close to all time high, indicating demand for the paper from this sector. On the fundamental front, the operating matrix is better and probably it is one of the sectors where the continuation in policy making will have the biggest positive impact.
Will ensure the biz we are underwriting continues to be profitable: Nilesh Kambli, Star Health & Allied Insurance
In the month of November, December and Jan, the loss ratio is trending really well. Historically, quarter 4 is the best quarter when it comes to loss ratio. We are confident that, we should be able to bring down the loss ratio for Q4 and for the full year.
Q3 results today: Bharti Airtel, Ashok Leyland among 120 companies to announce earnings
Q3 results today: On Saturday, 52 companies including State Bank of India (SBI), Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals and Krishna Institute of Medical Sciences (KIMS).
Q3 results today: SBI, Clean Science, KIMS among 50 companies to announce earnings
Nearly 50 companies, including Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals, and Krishna Institute of Medical Sciences (KIMS), will announce their December quarter earnings. The market is particularly interested in the results of PSU lender State Bank of India (SBI).
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
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.
BHEL making India self-reliant in energy, infra; contributing to defence, space sector: Heavy industries minister
Gurjar also appreciated BHEL's efforts towards green energy with a special mention to the MoUs (memorandum of understanding) signed by the company with Coal India and NLC India for commercial size coal gasification projects. Speaking on the occasion, heavy industries secretary Kamran Rizvi shared that for an organisation to have its own properties, gives confidence and motivation to its employees.
Bharat Forge Q2 results: PAT surges 29% YoY to Rs 346 crore on strong overall show
Bharat Forge Q2 results: Revenue from operations grew by nearly 21% to Rs 2,249 crore, driven by a 21% growth each in exports and domestic revenue. The quarter saw stellar performance on the exports front, with passenger vehicle (PV) exports growing 39% YoY.
268 companies set to release Q2 results on Monday. What to expect from Nykaa, Divi’s Labs and Varun Beverages
Max Healthcare Institute, NHPC, Bharat Forge, Hindustan Petroleum Corporation, Gland Pharma, Emami, Exide Industries, R R Kabel, Bajaj Electricals, Bikaji Foods International, Sun Pharma Advanced Research, Sobha Ltd, Ujjivan Financial Services, Quess Corp, Fusion MicroFinance, Gateway Distriparks, Heidelberg Cement, Va Tech Wabag, and Paras Defence and Space Technologies are among the other major companies releasing results on Monday.
Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others
Power Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7
Jhunjhunwala stock from insurance space falls over 5% post Q2 results
Meanwhile, its gross written premium increased to Rs 3,732 crore during the quarter as against Rs 3,193 crore a year ago.
Wipro management confident of resilient Q3 and expansion when the market eases
Wipro CEO Thierry Delaporte discussed the company's Q2 performance and the challenges posed by a slowing market and reduced discretionary spending. He emphasized that there have been no client cancellations or one-off events, but rather a decrease in discretionary spending. Delaporte also noted that the consulting business has been impacted by the slower market. The company's CFO, Aparna Iyer, mentioned that Q3 will be a challenging quarter due to seasonality and wage hikes. However, Wipro remains positive about their strong deal wins and pipeline
Cyient DLM shares climb over 8% after Q2 profit zooms 106% YoY
Technically, the stock's day RSI (14) is at 58.7. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. The day MACD (12, 26, 9) is at 14.5, which is above its Center Line, but below the signal line.
Two defence PSU stocks jump over 10% on strong Q1 results
Warship maker GRSE shares rallied 13% to Rs 661 on BSE after the company reported its best-ever net profit of Rs 77 crore in the June quarter. The firm saw a 54% rise in net profit as compared to the Rs 50 crore it reported in the year-ago period.
Stock market update: Nifty IT index falls 0.21% in a weak market
The Nifty IT index was trading 0.21 per cent down at 28067.55.
Star Health Q4 Results: Profit at Rs 619 crore, gross written premium grows 13% YoY
The operating expense to GWP ratio was at a healthy 15.9% in FY23 versus 16.0% in FY22. At 2.14x, the company registered a robust solvency ratio for the year, higher than the minimum regulatory requirement of 1.5x, Star Health said.
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