SAMVARDHANA MOTHERSON INTERNATIONAL LTD Q1 RESULTS
Maruti Suzuki among 5 auto stock picks from Motilal Oswal
Motilal Oswal predicts subdued growth for the Indian auto sector in June, with declining retails across most segments due to factors like post-election consumer sentiment and heatwave impact. However, they remain optimistic about select OEMs like Maruti Suzuki and Ashok Leyland, and ancillary companies like Craftsman Automation, Happy Forgings, and Samvardhana Motherson International, advocating for micro-strategies to navigate the sector's challenges.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps
Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.
F&O stocks: Shree Cement, Samvardhana Motherson among 5 stocks with long buildup
During Monday’s trading session, five stocks experienced the initiation of new long positions. To ascertain whether a stock has encountered such a development, analysts examine the price movement alongside the open interest on the counter. If both the stock prices rise and the open interest increases, it is indicative of a long buildup.
Samvardhana Motherson's stock target rise up to Rs 180. Should you buy, sell or hold?
Brokerages raised target prices for auto components maker Samvardhana Motherson International to Rs 180 as it reported a two-fold jump in net profit to Rs 1,444 crore for Q4FY24. Shares traded 1% higher on BSE at Rs 148.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
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Samvardhana Motherson Q4 Results: Net profit jumps 2-fold to Rs 1,444 cr
Auto components maker Samvardhana Motherson International Ltd on Wednesday posted a two-fold jump in consolidated net profit to Rs 1,444 crore for the fourth quarter ended March 2024. The company had reported a net profit of Rs 699 crore in the January-March period of the last fiscal.
GIFT Nifty down 80 points; here's the trading setup for today's session
"Nifty has been consolidating in a broad range for the third consecutive day as investors remain watchful ahead of the big election outcome next week. We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
F&O stocks: Hindustan Aeronautics, Birlasoft 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.
Q4 results this week: Tata Steel, LIC, IRCTC, Apollo Hospitals Enterprise, and Bharat Dynamics
Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.
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.
Nykaa Q4 Results: Profit zooms 187% YoY to Rs 6.9 crore; revenue rises 28%
Nykaa Q4 Results: The consolidated net profit stood at Rs 2.4 crore in the last-year period. The company's board has approved an investment of Rs 20 crore in FSN International, a wholly-owned subsidiary, on a rights basis.
Ircon International Q4 Results: Net profit rises over 15% YoY to Rs 286 crore
Ircon International Ltd on Tuesday said it has posted a 15.1 per cent growth in its profit after tax at Rs 285.68 crore during the March 2024 quarter. It had clocked Rs 248.18 crore profit after tax (PAT) during the January-March quarter of the 2022-23 financial year, Ircon International said in a statement.
PSU railway stocks rally up to 8%. What’s the good news?
Shares of railway PSU stocks RVNL and IRFC surged on Tuesday, with RVNL jumping 8% to Rs 322 and IRFC rising 5% to Rs 181 on the BSE. This rally was triggered by the Q4 profit growth reported by these companies. Additionally, IRCON International shares soared 8% to a new high of Rs 296 ahead of its Q4 results, scheduled for release today.
Motherson Sumi Wiring Q4 Results: PAT jumps 38% YoY to Rs 191 crore, revenue rises 19%
Motherson Sumi Wiring Q4 Results: The company’s revenue for the period was reported at Rs 2,233 cr, a 19% jump YoY. The board has announced a dividend of Rs 0.80 per share.
Motherson Sumi Wiring India Q4 Results: Firm posts rise in profit on steady demand
Motherson Sumi Wiring India on Thursday reported a 38% rise in fourth-quarter profit, aided by strong demand for automobiles.
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 shares surge over 5% post Q1 results. Should you buy, sell or hold?
Varun Beverages' (VBL) shares surged 5.5% on BSE, hitting Rs 1,558.45, following a 25% YoY increase in March quarter PAT to Rs 548 crore. Q1 revenue reached Rs 4,398 crore.
F&O stocks: BPCL, Samvardhana Motherson 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.
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
Asian Paints Q4 Results: Net profit rises 2% YoY to Rs 1,257 crore, misses estimates
Asian Paints Q4 Results: The Q4 profit marked a mere 2% increase year-on-year (YoY) from Rs 1234 crore reported in the same quarter last year. Revenue from operations fell marginally to Rs 8,731 crore
L&T Q4 Results: Profit jumps 10% YoY to Rs 4,396 crore; dividend declared at Rs 28/share
L&T Q4 Results: The Board has also recommended a final dividend of Rs 28 per share of the face value Rs 2 each for the financial year ended March 2024. L&T received orders worth Rs 3.02 lakh crore at the group level during the year ended March 2024, registering a 31% YoY growth.
Adani Power, JSW Steel among 9 large & midcap firms where promoters pledge increased in Q4
Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. Here's is a list of 9 large and midcap firms where promoters' pledge went up in Q4 FY24, according to StockEdge data:
Stock Radar: 80% rally in 1 year! This auto component maker likely to hit fresh record high in short term
Samvardhana Motherson Intl Ltd surged 80% with strong momentum, eyeing Rs 160-175 target. Ascending Triangle breakout, RSI at 69.5. Derivatives expert suggests support at 110. Options chain analysis indicates strong support.
F&O stocks: ONGC, Samvardhana Motherson among 5 stocks with long buildup
In Tuesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not
F&O stocks: Samvardhana Motherson, IEX among 5 stocks with long buildup
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
Chock-a-Block: Rs 55,000 crore mega stock deals & counting
The smooth execution of such deals dispels long-held concerns about Mumbai's ability to handle mega stock trades without causing massive disruptions in prices that previously took weeks to heal.
Better to look them as a chain: 15 stocks from different part of automobile ecosystem, 7 with buy reco and upside potential of up to 32%
If one takes June - July 2020 as the base from where this bull run started. Amongst the first to gain were stocks like Ashok leyland, Tata motors, Eicher motors. There was good enough reason for it, all these companies get a significant part of their sales from either heavy commercial vehicles or light commercial vehicles. Sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. So it is LCV and HCV which are the lead indicators of what is in store for the economy. But behind the finished automobile product there is a huge supply chain, right from an auto ancillary unit making forgings, to a tyre maker. Rather than look at one segment it would be worthwhile to look at select stocks which form the part of the chain. The reason, when LCV will indicate good numbers, then means subsequently there would be better car and two wheeler numbers.
F&O stocks: Shriram Finance, Havells among 5 stocks with long buildup
In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.
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