SALES PERFORMANCE
Allied Blenders and Distillers IPO shares to list on Tuesday. Here's what GMP indicates
The IPO, comprising a fresh issue of ₹1,000 crore and an offer for sale (OFS) of 1.77 crore existing shares, received overwhelming demand, with over 20 times subscription at its close. The company plans to utilize the funds from the fresh issue primarily for debt reduction and general corporate purposes.
Audi India sales dip 6 pc in June quarter
Audi India on Monday reported a 6 per cent dip in retail sales at 1,431 units during the April-June quarter this year. The German luxury carmaker had sold 1,524 units in the year-ago period. "While the supply situation in Q2 2024 has improved compared to Q1 2024; it still played a limiting factor on our sales performance," Audi India Head Balbir Singh Dhillon said in a statement.
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Up to 55% on top rated TCL Smart TVs in Amazon Sale
Take advantage of the Amazon Sale and enjoy up to 55% off on top-rated TCL Smart TVs. These high-quality televisions offer stunning picture quality, smart features, and a sleek design, all at a fraction of the original price. Don't miss out on these fantastic savings!
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 43%
While the indices might be witnessing correction on intra intra-basis, the broader markets are still very much under the control of the bulls. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
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Up to 40% on top rated Samsung Smart TVs
Save up to 40% on top-rated Samsung Smart TVs at Amazon. Upgrade your home entertainment with stunning picture quality, smart features, and sleek designs. Enjoy exceptional picture quality, smart features, and sleek designs at unbeatable prices. Shop now and enjoy unbeatable prices!
Amazon Sale - Fab TV Fest with Smart TVs starting at Rs.99/day
Discover the Fab TV Fest on Amazon with Smart TVs starting at Rs.99/day. Upgrade your entertainment setup with the latest models at amazing prices. Don't miss out on these limited-time deals! Take advantage of incredible deals and upgrade your home entertainment experience with the latest technology at unbeatable prices.
International Yoga Day Sale - Get up to 80% off yoga accessories in Amazon Sale 2024
Amazon's International Yoga Day Sale 2024 offers incredible discounts of up to 80% on a wide range of yoga accessories. From premium mats and supportive blocks to essential straps and bolsters, find top-quality gear at unbeatable prices. Whether you're new to yoga or a seasoned practitioner, this sale is the perfect opportunity to upgrade your practice. Don't miss out on these exclusive deals, available for a limited time only.
Bad loan restructuring emerges to be a better option for ARCs
In FY24, asset reconstruction companies saw a shift towards prioritising loan restructuring over asset sales, focusing on value maximisation and revival potential. This strategic change reflects the evolving role of ARCs in the resolution of bad loans, as they adapt to new credit loss provisioning standards and offer more flexible repayment options.
Musk plans stock option grants to Tesla's high-performers: Report
Elon Musk plans to introduce stock-based compensation at Tesla following shareholder approval of his $56 billion pay plan. The company aims to provide stock option grants for exceptional performance and award spot option grants for outstanding contributions amidst sales slowdown and intensifying price competition from Chinese rivals.
Smallcaps: Narrative might go against them, but if chosen with right filters, don't bother, 5 stocks from different sectors with long term perspective
When investing in stock markets, it’s crucial to make the distinction between high-quality and poor-quality businesses across the small, mid, and large-cap spectrums, as well as the difference between the intrinsic value of a stock and the overall value of the company. Certain niche small businesses may still generate significant returns over time if they are held long enough. On the other hand, if one's approach to small-cap investments is merely based on the absolute value of a stock with hopes of a tenfold increase, then it's a misconception. Stock market investing, whether in small, mid, or large caps, should not be driven by unrealistic expectations; otherwise, it leads to nothing but undue stress, rather than substantial returns.
Nifty 500 Q4 recap: Domestic cyclicals fuel strong quarterly performance, says Motilal Oswal
A report by Motilal Oswal highlights that the fourth-quarter performance of Nifty-500 companies in FY24 showed strong showings from domestic cyclicals like BFSI and auto sectors while global cyclicals such as Oil & Gas and metals experienced a downturn.
RBI to come out with norms for securitising stressed loans
RBI is set to release final guidelines for securitisation of stressed assets, potentially initiating a junk bond market in India.
Top stocks to buy: Bet on companies with healthy net profit margins to remain versatile during uncertain market conditions
The markets are expected to rally if the election results align with expectations. Nonetheless, persistent macro issues and valuation concerns may constrain the upside potential. Analysts suggest that investors capitalise on the current volatility by accumulating quality stocks.
Sunteck Realty records highest-ever pre-sales of Rs 1,915 crore in FY2
Realty developer Sunteck Realty has reported its highest-ever annual performance in terms of pre-sales at Rs 1,915 crore for the financial year 2023-24 as against Rs 1,602 crore a year ago. The company’s net profit for the year rose to Rs 71 crore from Rs 1 crore a year ago, while core operating profit grew 63% to Rs 266 crore. Total revenue increased to Rs 565 crore, up 56% from Rs 362 crore a year ago.
Best is yet to come; for current year, looking at 25% growth over last year: Irfan Razack, Prestige Group
Irfan Razack, CMD of Prestige Group, outlines the company's strong sales performance, future launch plans, and expansion strategies in Bangalore and other cities, emphasizing growth projections in various sectors by 2028. In Delhi NCR, Prestige is launching projects in Indirapuram, Noida and KG Marg. However, because of the election, code of conduct has kicked in and things have been at a standstill in the last few months.
Mahindra to focus more on driving range, tech over price in future electric cars
Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the short term for “early adopters”, in the long term, it’s the range, technology and overall experience that will help in creating new market segments and to grow sales.
General insurers expect premium income growth of 32 pc to Rs 3.7 lakh cr by FY26: Report
The industry's GDPI saw a robust 15.5 per cent year-on-year (YoY) expansion in 2023-24, rising to Rs 2.79 lakh crore on the health segment, it said. Apart from this, the report said that the growth in the motor segment was healthy, supported by the increase in new vehicle sales (two-wheelers, or 2W, rose by 13.3 per cent YoY and passenger vehicles, or PVs, by 8.4 per cent YoY in 2023-24).
iPhone 14 vs iPhone 14 Plus on sale: Which Apple smartphone should you buy at Flipkart’s discounted price?
Flipkart is offering the iPhone 14 and iPhone 14 Plus at the same surprising price of Rs 58,999, which is a significant discount from Apple's official prices. Normally, the iPhone 14 sells for Rs 69,900 and the iPhone 14 Plus for Rs 79,900. This limited-time offer presents a great opportunity for buyers. The iPhone 14 features a 6.1-inch screen, while the iPhone 14 Plus has a larger 6.7-inch display.
Expect double-digit sales growth this fiscal: Mercedes-Benz India
Mercedes-Benz India aims for double-digit sales growth with a focus on high-end models like Maybach GLS 600 and AMG S 63 E. VP Lance Bennett notes strong demand for top-end vehicles.
Sun Pharma Q4 Results: Profit jumps 34% YoY to Rs 2,654 crore, meets Street estimates
Sun Pharma Q4 Results: The company's revenue rose 10% year-on-year to Rs 11,983 crore in the reporting quarter. It was Rs 10,931 crore a year ago. Its board has approved a final dividend of Rs 5 per share, which will be paid within the prescribed timeline. India formulations sales were Rs 3,707 crore for the fourth quarter, showing growth of 10% over Q4 last year and accounted for 31.4% of total consolidated sales for the quarter.
India Cements Q4 Results: Net loss narrows to Rs 50.06 crore
The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.
Walmart profits rise on strong sales from wealthier shoppers
Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. The improved sales to wealthier shoppers reflect a focus on affordable pricing and convenience, as well as a greater attention to products such as fresh food, company executives said on a conference call.
Shree Cement Q4 Results: Net profit up over a fifth to Rs 662 crore, EBITDA at all-time high
The country’s third-largest producer of cement, in terms of capacity, saw its net revenue from operations rise 7% on year to Rs 5,101 crore. The relatively lower growth in revenue as compared to the sales growth indicates that the company, too, felt the impact of weaker pricing.
Tata Motors shines in Q4, anticipates debt-free status; JLR posts record profit
Tata Motors Surpasses Expectations with Tripled Profit in Q4, Eyes Debt-Free Status. India's largest automaker reported a net profit of Rs 17,528 crore in Q4, thrice the previous year, aided by a deferred tax credit. The company's revenue for the period climbed 13% YoY to Rs 1.19 lakh crore. For the full FY24, Tata Motors delivered record profit and revenue, with JLR generating a net profit of £2.5 billion. The company continued deleveraging efforts, aiming for net automotive debt-free status in FY25. JLR expects consistent demand, though some stress is noted in the UK market.
European shares open higher on earnings-driven optimism
The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month
Nintendo Switch’s Successor Release: Here’s all you may want to know
Nintendo will announce its next gaming console, the successor to the Nintendo Switch, by March 2025. This follows a strong fiscal year 2024 with 15.7 million Switch consoles sold.
Ramkrishna Forgings Q4 Results: Net profit surges 31% YoY to Rs 87 crore
Ramkrishna Forgings Ltd (RKFL) on Thursday reported a 31 per cent rise in standalone net profit to Rs 87.30 crore for the January-March quarter of 2023-24. Its net profit was at Rs 66.82 crore in the January-March period of 2022-23, the company said in an exchange filing.
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