NALCO Q3
Nalco Q4 Results: Profit jumps two-fold YoY to Rs 996.7 cr
State-owned Nalco on Monday reported two-fold rise in consolidated profit to Rs 996.74 crore for the March quarter on the back of lower expenses. The company had posted a consolidated profit of Rs 495 crore in the March quarter of FY23, National Aluminium Company Ltd (Nalco) said in a filing to the BSE.
GIFT Nifty down 210 points; here's the trading setup for today's session
"Overall we expect volatility to continue in the market in the absence of any major positive trigger, while focus will continue on stock-specific action amid the earning season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GIFT Nifty down 120 points; here's the trading setup for today's session
Foreign portfolio investors turned net sellers at Rs 8,027 crore on Friday. DIIs, meanwhile, bought shares worth Rs 6,341 crore.
GIFT Nifty down 40 points; here's the trading setup for today's session
Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.
Metal stocks jump up to 11%; Hindustan Copper, Vedanta & others hit 52-week highs
Hindustan Copper soared 11% to hit its 52-week high of Rs 366.40 on the NSE. The stock traded amid significant volumes with over 4.80 crore shares changing hands on the NSE around 1:30 pm.
NALCO climbs 8% on strong Q3 earnings; Axis Securities upgrades stock
The price action was accompanied by strong volumes with nearly 3.60 crore shares changing hands on the NSE around 10:15 am. The total traded value of the share stood at Rs 528.56 crore. The uptick in today's session has broken the stock's five-session losing streak.
- Go To Page 1
Nalco Q3 Results: Net profit rises almost two-fold to Rs 471 cr
The company had posted a consolidated profit of Rs 256.32 crore in the October-December quarter of FY2022-23, Nalco said in a filing to BSE.
Pre-market action: Here's the trade setup for today's session
"On the domestic front, the market would look at quarterly results for stock-specific action and we expect indices to consolidate after a sharp sell-off," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Pre-market action: Here's the trade setup for today's session
Foreign portfolio investors remain net buyers at Rs 656 crore on Tuesday. DIIs sold shares worth Rs 369 crore.
GIFT Nifty up 60 points; here's the trading setup for today's session
The rupee strengthened for the eighth consecutive session to settle with a gain of 6 paise to 82.95 against the US dollar on Friday, buoyed by a rally in domestic equity markets.
Sanjiv Bhasin on 3 standout winners for January, this quarter and 2024
Sanjiv Bhasin says: “We think Wipro is going to be a key outperformer in the sense that a large part of the domestic government contracts are going to come online and they are gaining more and more contracts on that basis. They are very well equipped for that. The negative of Wipro is already getting all priced in and the underperformance is now going to be an outperformer.”
Q2 results season kicks off this week. 32 companies may report over 100% profit growth
Domestic cyclicals like banks, auto and capital goods are likely to lead earnings growth while healthcare and technology may clock a moderate earnings growth. Motilal Oswal sees Nifty earnings growing by 21% YoY in Q2 while Kotak Equities has predicted 23% growth.
Sectoral Spotlight: Metal stocks drag Q4 earnings. How should investors trade?
The metal sector has been underperforming significantly, with a negative 2% return from the BSE Metal index in the past year and earnings from listed companies being lacklustre, posting a 67% earnings decline for the quarter ending on March 31st. However, Motilal Oswal Financial Services' report suggests that the overall 4QFY23 aggregate earnings have gone up 8% YoY, with automobiles and BFSI leading at 9% and 28%, respectively. The report also suggests buying NMDC, Coal India, Hindalco and JSPL, with a neutral stance on the others.
Sectoral Spotlight: Metals in focus as Q4FY23 earnings season kicks-off; watch out for SAIL, Hindalco
Brokerage firm PhillipCapital is optimistic about the sector, estimating a robust Q4FY23 quarter for almost all metal companies. It has also identified stocks in ferrous, non-ferrous space that are expected to perform well.
Can metal companies get back lost sheen in FY24? Here’s what experts say
For the quarter ended December, Tata Steel, the country’s largest steel producer, reported a consolidated net loss of Rs 2,223 crore primarily because of weak profitability both in India and Europe businesses. The steel maker’s operating margin shrunk to 7.3% from as high as 26% a year ago.
Nalco mulls second interim dividend, sets record date
The second interim dividend will be paid to those shareholders whose names appear as beneficial owners at the end of business on 21 March as per the beneficial owners position to be downloaded by NSDL and CDSL in respect of the shares held in the electronic form and as members in the registrar of members of the company,the company said
Metal stocks: Star performers of last year, worst this year. Will the trend reverse?
Most companies in the metal space have either reported a fall in net profits or posted losses in the October-December period. Tata Steel reported a consolidated net loss of Rs 2,224 crore for the December quarter, while State-owned SAIL's net profit fell 65% to Rs 542 crore. JSW Steel reported 89% fall in net profit at Rs 490 crore in the same period
Nalco Q2 Results: Profit dips 83.2% YoY to Rs 125.43 crore
The consolidated income of the company during the July-September period dropped to Rs 3,558.83 crore, over Rs 3,634.59 crore in the year-ago period.
Nalco Q1 net profit rises 61 pc to Rs 558 crore
The company had posted a consolidated profit of Rs 347.48 crore in the year-ago period, Nalco said in a regulatory filing.The PSU's consolidated revenue from operations increased to Rs 3,783.32 crore, over Rs 2,474.55 crore last year.
Recession fears? Mohit Nigam explains a nearly 20% fall in metal stocks in June
"It is better to be defensive in such a market scenario for quite some time, but we believe that the Indian market is at the cusp of revolution. These small corrections are part of the journey which gives investors a good opportunity to make fresh entries or accumulate quality stocks at every dip."
Sensex rises 250 points after Fed minutes; Nifty nears 16,100
"Since we first called for 75 bps hikes in April, markets appear to have received the Fed’s message of “whatever it takes” on inflation, and financial conditions have tightened materially. Against this backdrop, participants have increasingly coalesced around a pace of 50 bps hikes over upcoming meetings," said Nomura India, adding that three additional 50 bps hikes are likely instead of two 75 bps moves.
NALCO Q4 Results: Profit rises 9.5% to Rs 1,025 crore
The company's consolidated income during the January-March period increased to Rs 4,492.10 crore as against Rs 2,874.47 crore a year ago, the filing said.
After doubling profit in Q3, how these 14 stocks are faring amid volatility
Tata Steel shares have jumped 17 per cent this year. The steelmaker reported 140 per cent YoY rise in profit at Rs 9,415.88 crore from Rs 3,922.56 crore in the year-ago quarter. Median targets of 31 analysts suggest a 27 per cent potential upside.
Expect good aluminium prices to continue for next 3-4 months: Nalco CMD
“Market analysts predicts that aluminium price may touch up to $4,000 and some analysts are predicting that during Q1 of 2022 (January, February, March), the average price will be around $3,000 plus minus 5%. This is a good price for the aluminium industry and everybody knows that price beyond $2,600-2,700 is temporary in the market. ”
Nalco Q3 Results: Firm posts over three-fold jump in profit at Rs 831 cr
Income during the quarter increased to Rs 3,845.25 crore over Rs 2,414.95 crore in the year-ago period, the filing said.
Q3 earnings, FII flow, macro data among key factors likely to drive Dalal Street this week
A huge number of companies will report their financial results for the October-December period.
Stocks in the news: TCS, Biocon, NTPC, Union Bank, Tata Power and JSW Steel
Power giant NTPC served notices to six states and two Union Territories for non-payment of dues.
Nalco reports Q3 net loss of Rs 34 crore
Revenue from operations declined by 23 per cent to Rs 2,088.35 crore in Q3FY20.
Nalco posts Rs 28 crore loss in Jul-Sep
Total income of the company declined to Rs 2,420.11 crore during July-September quarter as against Rs 3,131.20 crore in the year-ago period.
Load More
