ORACLE FINANCIAL SERVICES SOFTWARE LTD Q2 RESULTS
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IT stocks rally up to 32% in 1 month. Will Q1 results mark end of sluggish revenue growth?
IT sector experiences bullish rally ahead of Q1 results with Tech Mahindra, Coforge, and Infosys emerging as top stock recommendations.
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Q-comm audits; modest Q1 for IT firms
Happy Wednesday! Due to recent hygiene lapses by quick commerce, the government has intensified surprise inspections of their warehouses. This and more in today’s ETtech Morning Dispatch.
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Indian software sector earnings will remain modest in Q1: here’s why
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
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Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial
Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
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IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
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Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
OFSS shares surge 11% in two days, hit record high on strong parent company results
Oracle Financial Services Software (OFSS) experienced a significant surge of 11.4% in its shares over the past two days. This rise followed strong earnings reported by its parent company, Oracle Corporation, in the United States.
ETtech Q&A | Public markets have reset, private tech valuations still lagging behind: Rubrik founders
The US software company said it has 900 employees in Bangalore, India, developing products for the globe from here. Rubrik has hired engineers, product managers, and UX designers in India along with setting up a significant chunk of its customer service team out of India.
Apollo Hospitals Q4 Results: Net profit rises 76% YoY to Rs 254 crore
Revenue grew 15% YoY to Rs.4,944 crore in Q4FY24. The earnings before interest, tax, depreciation and ammortisation (EBITDA), EBITDA rose 31% YoY to Rs.640 crore in Q4FY24. The EBITDA margins expanded 161 basis points YoY to 12.95%.
M&M Q4 Results: Profit spikes 32% YoY to Rs 2,038 crore, revenue jumps 11%
M&M Q4 Results: The Board has also recommended a dividend of Rs 21.10 (422%) per share. For the auto segment, the fourth quarter volumes increased to 21.5 lakh, with highest ever utility volumes at 1.26 lakh. The company currently has open bookings of SUVs at 2.2 lakh
M&M announces final dividend of Rs 21 for financial year 2024
M&M announced a dividend of Rs 21.10 per share for FY24 with a 32% YoY spike in profit to Rs 2,038 crore. The revenue rose 11% YoY to Rs 25,109 crore. The company reported solid operating performance across multiple businesses in FY24. TechM showed a weak spot, with a new organization in place and progress on sustainability.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Cholamandalam Financial Q4 Results: Cons PAT jumps 27% YoY to Rs 1,143 crore
Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year.
Prudent Corporate Advisory Q4 Results: PAT grows 19% YoY to Rs 138.7 crore
A retail wealth management services firm engaged in distributing a wide range of financial products reported a 32% growth in yearly average asset under management (AUM) in the mutual fund vertical and a 50% growth in revenues from non-mutual fund products.
Corporate actions this week: HDFC Bank, HCL Technologies to go ex-dividend, Sanginita Chemicals right issue and more
This week is packed with notable corporate actions. HDFC Bank, HCL Technologies, Oracle Financial Services Software, Laurus Labs, UCO Bank, and Bank of Maharashtra are set to go ex-dividend, while Ajooni Biotech and Sanginita Chemicals have their rights issue ex-date scheduled.
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.
F&O stocks: HDFC Life, Muthoot Finance among 5 stocks with short buildup
Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore
The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.
Election rallies offer limited-period opportunities in narrative stocks: Kotak Equities
Kotak has identified 50 stocks in the BSE 500 index which have given returns between 92% and 21% in the current election cycle over the last three months. The highest returns have been delivered by Oracle Financial Services Software (92%), followed by EIH (77%) and Oil India (73%) while RITES (30%), Hitachi Energy (26%), and PNC Infratech (21%) at the bottom of the pyramid.
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