SHANTHI GEARS LTD Q2 RESULTS
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.
India Inc registers 501 deals valued at USD 21.4 bn in Q2 2024: Grant Thornton
Grant Thornton Bharat's Q2 2024 report shows 501 deals worth USD 21.4 billion. Despite a 28% value decrease post Reliance-Disney mega-merger, domestic investment and private equity remain strong. High-value deals (over USD 100 million) rose 58% with 30 significant deals. Political stability and policy clarity boosted traditional sectors like pharma and manufacturing, states Shanthi Vijetha.
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.
Torrent Pharma board approves to raise Rs 5,000 crore
Torrent Pharmaceuticals, actively seeking to expand through acquisitions, has expressed interest in purchasing Mumbai-based pharmaceutical company JB Pharma, according to a report by ET on Friday.
Delhivery slides back to losses; Prosus names new CEO
Logistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and more in today’s ETtech Top 5.
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.
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Blinkit turns adjusted EBITDA positive in March as co aggressively bets on store expansion
The company highlighted that one of the key vectors for growth for the business will come through the store expansion. In the fourth quarter, it added 75 net new stores taking the total store count to 526.
Election, Q4 earnings, and FII flows among 10 factors that will steer D-Street this week
Over 530 BSE-listed companies will announce their March quarter earnings this week, including DLF, GIC Housing Finance, INOX India, Jindal Steel & Power, Varun Beverages, Zomato, Bharti Airtel, Bharti Hexacom and Colgate-Palmolive (India).
Shanthi Gears Q4 Results: Company reports PAT at Rs 25.68 cr vs Rs 19.47 crore a year ago
Shanthi Gears Ltd has recorded a profit after tax of Rs 25.68 crore, for the quarter ending March 31, 2024, the Tamil Nadu-based company said on Thursday.
Tata Power Q4 Results: Net profit jumps 11% YoY to Rs 1,045 crore
During the quarter, net profit came in at Rs 1045.5 crore against Rs 938.8 crore reported in the fourth quarter of the last fiscal year.
Paytm market cap nears $2.5 billion; state-run banks turn to GenAI
Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
Trent Q4 Results: Net profit soars multifold to Rs 712 crore, dividend declared at Rs 3.2/share
Fashion and lifestyle player Trent on Monday reported a multifold jump in consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. The profit stood at Rs 45 crore in the corresponding quarter last fiscal.
Wipro Q4 Results: Profit falls 8% YoY to Rs 2,835 crore, marginally misses estimates
Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation.
Q4 results preview: 29 companies likely to report doubling of profit
29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.
Hero MotoCorp shares fall 4% post Q3 earnings. Should you buy or sell?
Hero MotoCorp on Friday reported a 51% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 1,073.40 crore, which was largely on expected lines. Revenue from operations grew 21% YoY in the quarter to Rs 9,724 crore and was higher than an ETnow poll of Rs 9,690 crore.
Torrent Pharma Q3 Results: Net profit jumps 52% YoY t Rs 443 crore
The company had reported a net profit of Rs 292 crore during the corresponding period of the previous year. Revenues rose 10% YoY to Rs 2,732 crore during Q3FY24, compared to Rs 2,491 crore in Q3FY23.
Arvind Q3 Results: Firm posts lower revenue for 5th quarter on tepid denim demand
Indian retailer Arvind Ltd posted on Tuesday a revenue drop for the fifth consecutive quarter, dampened by lacklustre prices of woven products and lower demand for denim.
TVS Motor shares fall 4% post Q3 earnings. Is it time to shift gears?
Shares of TVS Motor Company fell 3.5% to the day's low of Rs 1,932.45 on the NSE in Thursday's early trade after brokerages retained their rating on the stock despite December quarter earnings beating estimates.
Saurabh Mukherjea picks 4 new smallcap stocks in Little Champs portfolio
Top PMS fund manager Saurabh Mukherjea, whose firm Marcellus handles HNI money worth around Rs 10,000 crore, has picked 4 new smallcap stocks in his Little Champs portfolio. In his bank-focused Kings of Capital portfolio, Home First Finance has been replaced with MAS Financial Services while SKF India is the new stock pick in midcap-heavy Rising Giants portfolio. Mukherjea told investors in a note that positive developments in interest rate cuts by the Fed can improve consumer sentiments and benefit stocks with global market exposure.
Rs 1 lakh-crore loss! HDFC Bank shares record worst day since Covid crash
HDFC Bank, India's second most-valued stock, recorded its worst daily performance since the Covid crash 3 years ago, falling 8.5% and causing a market crash. Investors in the bluechip lost over Rs 1 lakh crore as the market capitalisation of the Nifty heavyweight fell to Rs 11.67 lakh crore. Several brokerages have reduced their target prices on the stock, contributing to the downfall.
Why has BBC stopped 'Question of Sport' production after more than five decades
After more than five decades, the BBC has halted production of the iconic TV sports quiz show "Question of Sport," citing challenging decisions amidst declining viewership. Despite the suspension, a glimmer of hope remains as a BBC spokesperson hints at the possibility of the program's revival in the future.
‘Top Gear’ will not return for the 'foreseeable future', BBC confirms
Top Gear, one of the foremost automobile shows from the UK, will not be aired “for the foreseeable future” as stated by the broadcasters, British Broadcasting Corporation (BBC) in a statement on Tuesday.
IdeaForge Technology shares crack 10% after Q2 PAT slumps 78% YoY
As per Trendlyne data, the average target price of Ideforge stock is Rs 1607, which shows an upside potential of 97% from the current market prices. The consensus recommendation from one analyst for the stock is a 'Strong Buy'.
Wipro management confident of resilient Q3 and expansion when the market eases
Wipro CEO Thierry Delaporte discussed the company's Q2 performance and the challenges posed by a slowing market and reduced discretionary spending. He emphasized that there have been no client cancellations or one-off events, but rather a decrease in discretionary spending. Delaporte also noted that the consulting business has been impacted by the slower market. The company's CFO, Aparna Iyer, mentioned that Q3 will be a challenging quarter due to seasonality and wage hikes. However, Wipro remains positive about their strong deal wins and pipeline
CIE Automotive Q3 Results: Net profit rises 11.4% to Rs 187 crore
The unit of Spain's CIE Automotive reported a consolidated profit from continuing operations of 1.87 billion rupees ($22.46 million) for the three months to Sept. 30, compared with 1.68 billion rupees a year earlier.
HDFC Bank to release Q2 results today. Anand James shares his trading strategy
Barring Infosys, IT stocks like TCS, HCL Tech and Tech Mahindra, which together form 11% of Nifty, seems to have found a base around their respective rising trendline supports hinting a bounce back. Towards this end, we do not expect IT stocks to be slowing down Nifty, but banks might.
JSW Steel Q1 Results: PAT surges 189% YoY to Rs 2,428 crore; revenue up 11%
Consolidated crude steel production for the quarter stood at 6.43 million tonnes, higher by 11% YoY and lower by 2% QoQ. The company had taken certain scheduled shutdowns at Indian operations during the quarter, hence the average capacity utilisation for Q1FY24 was 92% compared to 96% in Q4FY23, the exchange filing said.
Tata Motors back in top gear with improving cash flows and rising sales volume
Tata Motors' stock rose by nearly 3% after a strong performance in the March 2023 quarter, thanks to the continuing growth in Jaguar Land Rover (JLR) volume, higher revenue visibility in the domestic electric vehicle segment, and reduced debt burden. JLR's EBITDA margin increased to 14.6% and saw a 19% growth in volume reaching 95,000 units in Q3.
Maruti Suzuki shares on top gear as Q2 results overwhelming
India’s largest auto manufacturer reported fourfold YoY rise in net profit for the September quarter to Rs 2,062 crore, with revenue increasing by nearly 46% to Rs 29,931 crore.The operational performance also saw a stark improvement, with margins expanding509 basis points to 9.25%.
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