RICHWAY INTERNATIONAL TRADE LTDOLD Q2 RESULTS
![Q-comm audits; modest Q1 for IT firms](https://img.etimg.com/thumb/msid-111444574,width-100,height-75,resizemode-4/tech/newsletters/morning-dispatch/q-comm-audits-modest-q1-for-it-firms.jpg)
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.
![Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%](https://img.etimg.com/thumb/msid-111362079,width-100,height-75,resizemode-4/markets/stocks/news/midcaps-stocks-for-long-term-investors-5-stocks-from-different-sectors-with-right-financial-growth-matrix-and-upside-potential-of-up-to-49.jpg)
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.
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Surprise poll results impact startups' plans, and other top stories this week
In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.
![Bikaji Foods International shares jump over 9% on robust Q4 results](https://img.etimg.com/thumb/msid-110383721,width-100,height-75,resizemode-4/markets/stocks/news/bikaji-foods-international-shares-jump-over-9-on-robust-q4-results.jpg)
Bikaji Foods International shares jump over 9% on robust Q4 results
Bikaji Foods International's shares surged 9.3% to Rs 583.9 following a 200% jump in net profit to Rs 116.3 crore. The stock has an average target price of Rs 627, indicating a 12% upside potential.
![ITC Q4 Results: Profit falls marginally to Rs 5,120 crore, misses estimates](https://img.etimg.com/thumb/msid-110359815,width-100,height-75,resizemode-4/markets/stocks/earnings/itc-q4-results-profit-falls-marginally-to-rs-5120-crore-misses-estimates.jpg)
ITC Q4 Results: Profit falls marginally to Rs 5,120 crore, misses estimates
ITC Q4 Results: Revenue from operations rose 2% year-on-year (YoY) to Rs 19,446 crore in the January-March 2024 period, compared with Rs 19,058 crore in the corresponding period of last year. The Board has also recommended a final dividend of Rs 7.50/share for the financial year ended March.
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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.
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Apollo Tyres shares jump 7% post Q4 results. Should you buy or sell?
Apollo Tyres' shares rose by 7% to Rs 508 in Thursday's trading session on the BSE, despite the company posting modest financial results for the March quarter of FY24. Although the firm reported a 13.7% year-on-year (YoY) decrease in net profit, amounting to Rs 354 crore compared to Rs 410.3 crore in the same quarter last year, brokerage firms maintained a largely optimistic outlook on the stock.
Devyani International Q4 results: Company reports a loss of Rs 49 crore; revenue rises by 38% YoY
Devyani International, India's largest Pizza Hut and KFC franchise, saw a net loss of Rs 49 crore for Q4 FY24, contrasting with a Rs 60 crore profit a year prior. Therevenue rose 38% while expenses surged by 32%.
Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%
Varun Beverages Q1 Results: Co reported a consolidated net profit of Rs 548 crore, rising 5% year-on-year (YoY) for the quarter ended March 31, 2024; revenue from ops stood at Rs 4,398 crore
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
TVS Motors shares rise 6% after Q4 results. Should you buy, sell or hold?
TVS Motors Share Price: Shares of TVS Motor Company surged nearly 6% on Thursday on BSE to the day’s high of Rs 2,121.30 as the company reported an 18% year-on-year (YoY) increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024.
GIFT Nifty up 5 points; here's the trading setup for today's session
"Although Nifty opens positive, it is witnessing resistance at higher levels, indicating cautiousness among the investors with the progress of both the result season and the Lok Sabha election. We expect this volatile move to continue till the Exit poll. Hence market to remain in a broader range until clarity emerges," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Marico share price climbs 10% after Q4 results. Should you buy, sell or hold?
Marico Share Price: The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
CEAT shares plummet 9% after Q4 net profit dips 23% YoY
CEAT Share Price: Shares of tyre maker CEAT plummeted 9% to Rs 2,383 in Friday's intraday trade on BSE after the company reported a 23% decline in its net profit to Rs 102 crore for the fourth quarter ended March 2024. The company had posted a net profit of Rs 132 crore in the January-March quarter of 2022-23.
Ajanta Pharma shares jump over 13% on strong Q4 results, buyback plans
Ajanta Pharma shares jumped 13% to Rs 2,532 in Friday's trade on BSE after the firm's consolidated net profit increased 66% year-on-year (YoY) to Rs 203 crore in the March quarter, aided by robust sales across domestic and international markets. The drug maker had reported a net profit of Rs 122 crore in the January-March quarter of the previous fiscal.
Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4
Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus' trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vi's past outstandings, ultimately settled in April.
Dabur Q4 Results: Net profit jumps 16% YoY to Rs 350 crore; revenue rises 5%
Dabur Q4 Results: The Board has recommended final dividend of Rs 2.75 per equity share for the financial year 2023-24.
IndiaMart shares zoom 9% after net profit jumps 35% in Q4. Should you invest?
IndiaMart InterMesh shares surged 9% to Rs 2,888.90 on BSE following its Q4FY24 report, revealing a net profit of Rs 92 crore, a 35% increase from Rs 68 crore in the corresponding period last year.
Coca-Cola Q1 Results: Co beats profit and revenue expectations
Coca-Cola raised its annual organic sales forecast on Tuesday after beating first-quarter revenue and profit expectations as customers shell out more money for the company's pricey sodas and juices globally.
Hilton Q1 Results: Revenue rose 12% to $2.57 billion; co lifts profit forcast
Hilton Worldwide Holdings beat Wall Street estimates for first-quarter revenue and raised its 2024 profit forecast on Wednesday, banking on rebounding international and group travel and its expanding hotel portfolio to boost results.
Tata Consumer Q4 Results: Standalone net profit falls 47% YoY to Rs 144.81 crore
The company attributed the fall in net profit to higher exceptional costs such as Rs 72 crore as an impairment of investment in the subsidiary and Rs 53 crore as a fair value loss on financial instruments. The company’s consolidated net profit for the financial year ended March 2024 fell 4.4% to Rs 1150.33 crore from a year ago. The revenue increased by 10.3% to Rs 15205.85 crore compared to the same period.
RIL shares see target prices going up to Rs 3,500 after Q4 results. Time to buy?
Reliance Share Price: RIL shares, which have gained around 14% in the calendar year so far, were trading flat in Tuesday's morning trade but brokerages have increased their targets going up to Rs 3,500-mark.
How to trade Maruti, RIL and 4 other stocks ahead of Q4 earnings
India VIX surged 17%, prompting trading strategies for Maruti, RIL, Tata Consumer Products, Axis Bank, Bajaj Finance, and HUL. Technical analysis indicated positive market movements with RSI and stochastic indicators. Watch for Iran-Israel developments and India VIX levels at 15.
Thermax Q3 Results: Profit rises on strong industrial demand
Indian engineering company Thermax reported an 11% year-on-year rise in third-quarter profit on Thursday, helped by strong demand for its industrial products.
Q3 results today: Zomato, LIC, Grasim among 270 companies to announce earnings
Q3 results today: As for Trent, the fashion retailer posted a 124% jump in consolidated net profit to Rs 374.36 crore versus PAT of Rs 167 crore in the year-ago period.
Marico Q3 Results: Net profit jumps 16% to Rs 386 crore, revenue slips 2%
Homegrown FMCG major Marico Ltd on Monday reported a 15.9 per cent increase in its consolidated net profit to Rs 386 crore for the third quarter ended December 2023, helped by softer input costs and a favourable portfolio mix.
Adani Ports Q2 Results: Net profit rises 4% YoY to Rs 1,748 crore; revenue jumps 28%
Revenue from operations during the second quarter increased 28% year-on-year (YoY) to Rs 6,646 crore. It was Rs 5,211 crore in the in the last year quarter.
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
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