SCOOBEE DAY GARMENTS INDIA LTD Q1 RESULTS
![HCLTech Q1 result; Nasscom on Karnataka gig workers’ bill](https://img.etimg.com/thumb/msid-111692624,width-100,height-75,resizemode-4/tech/newsletters/tech-top-5/hcltech-q1-result-concerns-over-karnataka-gig-workers-bill.jpg)
HCLTech Q1 result; Nasscom on Karnataka gig workers’ bill
India’s third IT major HCLTech’s Q1 profit is up 20% to Rs 4,257 crore. This and more on today’s ETtech Top 5.
![TCS announces interim dividend of Rs 10 per share, fixes record date](https://img.etimg.com/thumb/msid-111660205,width-100,height-75,resizemode-4/markets/stocks/earnings/tcs-announces-interim-dividend-of-rs-10-per-share-fixes-record-date.jpg)
TCS announces interim dividend of Rs 10 per share, fixes record date
TCS shares will begin trading without the upcoming dividend included in the stock price on or before the record date. This change impacts which shareholders are eligible to receive the dividend payment, announced alongside the company's Q1 results showing an 8% increase in consolidated net profit to Rs 12,105 crore.
![TCS shares surge 7% on strong Q1 show, lifting D-Street to fresh record highs](https://img.etimg.com/thumb/msid-111676819,width-100,height-75,resizemode-4/markets/stocks/news/tcs-shares-rise-over-2-strong-q1-show-should-you-buy-now-or-book-profits.jpg)
TCS shares surge 7% on strong Q1 show, lifting D-Street to fresh record highs
TCS Share Price: Shares of TCS surged 6% to Rs 4,169 in early NSE trading after reporting higher-than-expected earnings for the June quarter. Jefferies upgraded TCS and raised its price target, while CLSA and JPMorgan maintained ratings with higher targets. Domestic analyst Nuvama also increased its target price.
![We are happy with Q1 results but not in a position to say TCS is on a growth path again: CEO](https://img.etimg.com/thumb/msid-111681772,width-100,height-75,resizemode-4/markets/expert-view/we-are-happy-with-q1-results-but-not-in-a-position-to-say-tcs-is-on-a-growth-path-again-ceo.jpg)
We are happy with Q1 results but not in a position to say TCS is on a growth path again: CEO
TCS foresees FY25 outperforming FY24, leveraging AI and cost optimization despite market volatility, BFSI challenges, and election impacts. With Q1 achievements, reduced attrition, strategic headcount growth, and strong India business, performance remains robust. Investments in talent, discretionary project validation, and technology adaptation sustain a healthy order book, even amid fewer mega deals and extended decision-making cycles.
![IT stocks surge up to 6% led by midcap counter Mphasis as TCS Q1 cheers D-Street](https://img.etimg.com/thumb/msid-111680439,width-100,height-75,resizemode-4/markets/stocks/news/it-stocks-surge-up-to-6-led-by-midcap-counter-mphasis-as-tcs-q1-cheers-d-street.jpg)
IT stocks surge up to 6% led by midcap counter Mphasis as TCS Q1 cheers D-Street
Indian IT stocks surged due to TCS's robust June quarter earnings. The Nifty IT index rose 3.7%. Infosys and TCS led gains with Rs 62,613 crore revenue and Rs 12,040 crore net profit. MphasiS had notable intraday gains, while HCL Technologies showed growth. TCS forecasts better FY25 performance.
![TCS, Infy power D-Street to fresh record highs! Sensex soars 900 points, Nifty tops 24,500 for the first time](https://img.etimg.com/thumb/msid-111676622,width-100,height-75,resizemode-4/markets/stocks/news/tcs-infy-power-sensex-100-points-higher-nifty-above-24350.jpg)
TCS, Infy power D-Street to fresh record highs! Sensex soars 900 points, Nifty tops 24,500 for the first time
Indian markets rose Friday, led by TCS's strong June quarter. Sensex climbed 281 points, Nifty50 up 93 points. Stocks like TCS, Infosys, and Adani Ports surged. Maruti fell. US inflation data raised September Fed rate cut chances, noted by CME FedWatch. RBI's Das predicted 5% retail inflation. Powell's testimony hinted at possible rate cuts.
- Go To Page 1
How will TCS stock perform post its Q1 results? Sandip Sabharwal answers
The results do not do much for the stock. It creates a moderate upside in the near term in my view because the TCV order bookings were strong over the last two quarters. This quarter has been a bit lower than expected, but then the past orders could start getting implemented going forward.
TCS reverses headcount trend, adds 5,452 employees in Q1 FY25
TCS's Q1 FY25 net employee count grew by 5,452 to 606,998, as per stock exchanges. Post a 13,249 reduction in FY24 (first annual drop in 19 years) and a Q4FY24 staff cut. Consolidated net profit declined 3.16% QoQ to Rs 12,040 crore but increased YoY from Rs 11,074 crore. March and previous quarter noted 12.1% attrition.
Ajay Vora expects 16% compounding earnings growth; sees banks and metals doing better this year
“Ajay Vora says overall profit growth for FY25 is expected to come from banks and metals because last year a large part came from autos, but this time, auto as a sector or even IT as a sector is going to be pretty muted. But banks and metals will be contributing in a big way.”
Best Salicylic Acid Body Wash in India for Smoother Skin (2024)
Are you looking for a good body wash to get rid of your body and back acne? If so, then continue reading this article to learn about the Best Salicylic Acid Body Wash in India for Smoother Skin. These body washes are specially designed to help you get rid of the acne from your body. Find the one that’s best for you and place your order using the given buying links.
Q1 results, FII action among 10 factors to impact D-Street mood this week
Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment and broader market participation, expecting some consolidation.
HDFC Bank gross advances jump 52.6% on-year in Q1 to Rs 24.8 lakh crore
HDFC Bank's gross advances increased by 52.6% year-on-year to ₹24.87 lakh crore in the quarter ending June 30, driven by its merger with HDFC Limited last July. Excluding the merger impact, advances grew by 14.9% from June 30, 2023, reaching ₹25.08 lakh crore by March 31, 2024.
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.
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.
Is the 45-day payment rule helping the MSEs?
The 45-day rule for expediting payment to MSEs has led to price cuts of 3-5% as big brand retailers demand concessions due to shorter payment cycles.
Godfrey Phillips declares dividend of Rs 56 per share, posts 46% jump in net profit
The company declared a whooping 2,800% dividend. The net profit for the fourth quarter was reported at Rs 215.12 crore. Its revenue from operations increased to Rs 1,197 crore for Q4FY24 against Rs 974 crore reported in the corresponding quarter last year.
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.
JP Morgan maintains overweight rating on LIC post Q4 results, sees 29% upside
JP Morgan maintains 'Overweight' rating on LIC post Q4 results, setting target price of Rs 1,340. LIC's market share growth and strong earnings drive stock performance.
Cochin Shipyard shares surge 10%, hit record high post Q4 results
In Monday's trading session on the BSE, shares of state-run Cochin Shipyard soared 10% to reach a new all-time high of Rs 2100. This surge followed the company's announcement of a substantial increase in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter, driven by higher income. In comparison, the company had reported a profit of Rs 39.33 crore in the corresponding period last year.
Suzlon Energy shares under pressure post Q4 results; brokerages raise target price to Rs 54
Suzlon Energy shares dipped 2% to Rs 45 after a 21% decline in Q4 net profit to Rs 254 crore. The consolidated net profit for 2023-24 fell to Rs 660 crore while total income rose to Rs 2,207.43 crore. Analysts from ICICI Securities and JM Financial are bullish on the stock.
Senco Gold Q4 Results: PAT rises 24% YoY to Rs 32 crore; revenue jumps 40%
Senco Gold, a listed jewellery company, experienced a significant boost in its net profit during the fourth quarter of FY24, thanks to the surge in gold prices. The net profit increased by 23.6%, reaching Rs 32.17 crore compared to Rs 26.03 crore in the fourth quarter of FY23.
GIFT Nifty down 40 points; here's the trading setup for today's session
The rupee appreciated 13 paise to close at 83.37 against the US dollar on Friday, tracking positive sentiment in domestic equity markets and fresh foreign fund inflows.
IEX shares rally 9% in 3 days after Q4 results beat
IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.
Info Edge shares surge 8% after Q4 PAT rises 18% YoY. Should you invest?
Shares of Info Edge (India), the parent company of Naukri.com, surged 8% on the BSE during Friday's trading session, reaching a peak of Rs 6,338.55. This increase followed the company's Q4 profit report of Rs 211 crore, marking an 18% year-on-year growth.
GIFT Nifty down 5 points; here's the trading setup for today's session
The rupee stayed range-bound and settled 4 paise lower at 83.50 against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets.
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.
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
Union Bank and Bank of India shares drop up to 10% after Q4 results
Union Bank and Bank of India witnessed a 6-10% fall in their shares on Monday as their Q4 results fell short of expectations. Union Bank reported a 19% growth in net profit, while Bank of India's net profit increased by 7%.
Zee to announce Q4 earnings, likely dividend payout on May 17
In 2024, so far the shares have tanked over 53%, and the counter hit its 52-week low of Rs 130.50 on Wednesday taking the declines to 56% from its 52-week high of Rs 299.70, which it hit in December last year.
Load More