RAMA PHOSPHATES LTD Q1 RESULTS
Q2 results season kicks off this week. 32 companies may report over 100% profit growth
Domestic cyclicals like banks, auto and capital goods are likely to lead earnings growth while healthcare and technology may clock a moderate earnings growth. Motilal Oswal sees Nifty earnings growing by 21% YoY in Q2 while Kotak Equities has predicted 23% growth.
For risk takers: 4 midcap stocks from different sectors with potential upside of up to 35%
Last week both Nifty and to some extent even mid-cap indices saw some correction. But mid-caps are still a part of the ongoing party on the street. Stocks from sectors like fertilizer, wealth management, specialty chemicals have come on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
The S&P 500 and the Dow edged up on Monday, as investors awaited quarterly results from industry heavyweights through the week, while Apple and Tesla boosted the tech-heavy Nasdaq. Second-quarter earnings are gathering momentum, with Tesla due to report on Wednesday, while Bank of America , Morgan Stanley, Goldman Sachs and Netflix are also lined up through the rest of the week
Smallcap stock skyrockets 18% after subsidiary begins production of bottle grade PET resins
Indo Rama Synthetics' shares rose by 18% to Rs 50.4 after its subsidiary firm started commercial production of "Bottle grade PET resins" at its newly-constructed Solid-State Polymerisation Plant. However, Indo Rama Synthetics' stock has declined nearly 19% on a year-to-date basis and over 30% in the last year. In Q4 FY23, the company's net profit was Rs 1.62 crore, down 98% YoY, and net sales stood at Rs 880 crore, down 30%. The stock is trading above six out of eight SMAs and below the 150-day and 200-day moving averages. The day RSI (14) is at 46.8 and MACD is strong bearish.
Confident that SBI Card NIM will stabilise over the next two quarters: MD
SBI Card's Rama Mohan Rao Amara, assures that despite a higher credit cost of 77 bps quarter on quarter, SBI Card will continue to operate within the tight range of 5.8-6.2%. Actions have been initiated to reduce delinquencies within the legacy portfolio, which will reflect in the following quarter. Adjusting for the one-time adjustment to model estimates that increased Q4 by 20 bps, the credit cost is 6.1%, similar to that of the past.
We are confident of keeping the credit costs below 6%: Rama Mohan Rao Amara, SBI Card
One is by constantly increasing the share of EMI loans which can actually improve the overall interest income. Second thing is transmitting the increase in the cost of funds increasingly in terms of new loan disbursals.
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Smallcap multibagger stock rallies 9% in 2 days. Here's why
"As per the latest UDCPR-2020 guidelines issued by the Govt. of Maharashtra, the company has applied to TMC for availing maximum potentiality of the land, and accordingly the company has received amended permission on 5 January 2023 for construction of Tower G," the company said in a release.
Granules India Q2 Results: Profit jumps 80% boosted by Paracetamol sales
The company said 51% of its revenue came from finished dosages, which is its biggest business. Active pharmaceuticals ingredients and pharmaceutical formulation intermediates contributed 29% and 20%, respectively, to its revenue.
For SBI Card, spends have grown as compared to de-growth in credit card industry: Rama Mohan Rao Amara
“The contribution of corporate card spends for us has come down to around 15-16% in July and August which we want to take it back to the earlier levels or the BIU kind of levels of 22 to 25% over a period of time. We will keep a watch on the market share but we always aspire for sustainable and profitable growth.”
Corporate Radar: Eicher Motors, CAMS to turn ex-dividend; LIC's Q1 results; AGMs, and more
UPL, Bata India, Godrej Industries, Elgi Equipments, Eureka Forbes, Kennametal India, Ahluwalia Contracts, Vidhi Specialty Food Ingredients, Andhra Paper, ADF Foods and Balmer Lawrie Investments will host their AGMs today.
Corporate Radar: Brigade to turn ex-dividend; Axis Bank, Tata Steel Q1 results; AGMs and more
Shares of Bombay Oxygen Investments (Rs 20 per share), Brigade Enterprises (Rs 1.5 per share), DCM Shriram Industries (Re 0.5 per share), Deepak Nitrite (Rs 7 per share), Graphite India (Rs 10 per share), Kamdhenu (Re 1 per share), Sharda Cropchem (Rs 3 per share) and The Grob Tea Company (Rs 2 per share) are among the companies which will go ex-dividend today.
Corporate Radar: Dividends, AGMs, Q4 results, stock splits and more
Shares of Sadhna Broadcast will go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.
Corporate Radar: Ruchi Soya, Nykaa, PB Fintech Q4 results; stock splits, dividends & more
Shares of Solar Industries will go ex-dividend. The company had announced a final dividend of Rs 7.5 per share. Manappuram Finance will also go ex-dividend today. It had announced an interim dividend of Re 0.75 per share
Dolly Khanna buys stake in 10 companies in Q4, trims in 6 others
Khanna's latest portfolio rejig suggests that she has been bullish on sectors such as agrochemicals, fertilizers, mining and industrial minerals, whereas she has reduced her stake in companies from cement, textile and auto ancillary sectors.
SBI Card always looking for opportunities to engage with fintechs: MD
“The asset quality improvement also helped us in lowering the provisioning requirement. So overall the profitability metric seems better," says Rama Mohan Rao Amara
Dolly Khanna upped stake in a few multibaggers in Q2, trimmed in others
Rama Phosphates is up 460 per cent in the last one year. That did not deter Dolly Khanna from increasing stake in the company to 1.89 per cent from 1.77 per cent sequentially.
How Q1 bets of Jhunjhunwala, Khanna and Kacholia fared in Sept quarter
Two of Rakesh Jhunjhunwala's latest stock bets, Indiabulls Housing and SAIL, tanked up to 16 per cent in the September quarter.
Natco Pharma Q1 results: Net profit declines 39% to Rs 75 cr
Consolidated total income of the company stood at Rs 427.3 crore for the quarter under consideration. It was Rs 582.1 crore for the same period a year ago.
Biggest gainers & losers of the day: Tasty Bites soars 11%, paper stocks tank 8%
Packaged food products and restaurants stocks made most of the buzz as the reopening theme boosted investors sentiments. Investors booked profits in paper stocks after a decent rally.
Tamilnad Mercantile planning IPO in Q3
Tamilnad Mercantile made a net profit of Rs 181 crore in the quarter ended March 2021 from Rs 164 crore a year earlier, a growth of 10%.
Tamilnad Mercantile Bank Q3 results: Standalone profit zooms to Rs 181 cr
The Tamil-Nadu based bank had recorded a net profit at Rs 92.42 crore in the corresponding quarter of the previous year.
Ahead of Market: 12 things that will decide stock action on Thursday
According to Rohit Singre, Senior Technical Analyst at LKP Securities, "Going ahead, 14,040 will be good support. Any break below said levels can show some more cuts in the index and on the higher side, 14,180-14,230 zone will be strong resistance."
Fertiliser cos to post healthy profitability in FY21: Icra
Fertiliser production and dispatches remained largely unaffected owing to their classifications as essential commodities.
Zuari Agro Chemicals Q4 results: Net loss widens to Rs 304 crore
Expenses remained lower at Rs 1,266.73 crore as against Rs 2,154.90 crore earlier.
Stocks in the news: TCS, Infosys, Jet Airways, GVK Infra and IDBI Bank
Department of Telecom has given approval for the merger of Tata Teleservices (TTSL) with Bharti Airtel.
Coromandel International Q1 net jumps 90% on good monsoon sales
The company posted a consolidated net PAT at Rs 75 crore for the quarter ended June 30.
Did you notice? One of the world’s biggest sectors gave us many gems in last 3 years
Check this out. Nearly 10 companies from the sector doubled investor wealth in last three years. Will the sector continue to produce gems in the coming years?
Indo Rama Synthetics Q4 net jumps three-fold to Rs 94.64 crore
Net sales of the company on a standalone basis during the quarter was up marginally by 0.63 per cent to Rs 642.05 crore as against Rs 638.02 crore in the same period a year ago.
Small fertiliser firms: Outlook is strong, but valuations still low
The new Nutrient-Based Subsidy policy of April 2010 has significantly improved the prospects of single-super phosphate industry.
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