GUJARAT MINERAL DEVELOPMENT CORPORATION LTD Q4 RESULTS
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 25%
As far as Nifty is concerned, bulls have never left control so there is no point even talking about it. Now in the last few sessions, it is clear that bulls are once again making an attempt to control every corner of the street once again which is to improve the market breadth of all segments. But because valuations are high, one has to be cautious, while being bullish. The reason why we are being cautious is that valuations have once again begun to move from expensive to extremely expensive even if one takes into account the results from Q1. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Oil and gas spoil India Inc show in June Quarter
In the June 2024 quarter, India's industry saw modest growth with a 9.4% net profit increase, mainly due to lower refining and marketing margins in the oil and gas sector. Banking and finance sectors performed well with significant revenue growth. The overall operating margin declined to 17.4%. Future growth hinges on rural demand revival post-monsoon.
Bankruptcy court okays SKS Power Generation’s Acquisition by Sarda Energy & Minerals
The division bench of judicial member Kishore Vemulapalli and technical member Anu Jagmohan Singh approved Sarda Energy & Minerals’ resolution plan in its oral order. The detailed order was not uploaded at the time of filing the report.
Stocks to buy: Consider reasonably valued companies; 5 stocks with up to 38% upside potential
Out of 2,506 stocks with market caps greater than Rs.100 crore, 60.8% or 1,523 companies are trading at a TTM PBV multiple higher than their respective five-year average; 1,042 companies’ (41.5% of total) current TTM PBV multiple is at over 25% premium to their respective five-year average multiple. The stocks that are trading at a valuation discount in terms of their PBV multiple relative to their respective five-year average were identified. To look for fundamental soundness, only those that have surpassed analysts’ estimates in the June 2024 quarter were considered.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:
Torrent Power Q1 Results: Cons PAT zooms 87% YoY to Rs 996 cr
The company reported a substantial increase in net profit for the April-June quarter, reaching Rs 996.34 crore compared to Rs 532.28 crore in the same period last year. Total income also rose by 23% to Rs 9,110.02 crore. Additionally, the company's board approved the sale of its entire stake in Torrent Electricals Private Ltd (TEPL) to its holding company, Torrent Investments Private Ltd (TIPL), for Rs 85 crore.
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Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
Infosys Q1 earnings; payment cos seek UPI sops
IT major Infosys logged a rise in profits for the first quarter of FY25. This and more on today’s ETtech Top 5.
Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings
Several widely followed companies, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies, and YES Bank, will be releasing their June quarter report cards this week.
Pricey ore, tepid local demand, Chinese imports weigh on steelmakers' margins
This is the third time in the past decade that local producers are confronting such a situation. "The government has in the past imposed duties against Chinese steel products, including those being routed from countries like Vietnam," a top official of a steel company told ET, adding that the primary steel makers had flagged their concerns to theCentre.
SJVN Q4 Results: Net profit jumps two-fold to Rs 61 crore
State-owned SJVN has reported over two-fold jump in consolidated profit to Rs 61.08 crore during the March quarter, on account of exceptional gains.
Post-COVID, China is back in Africa and doubling down on minerals
Chinese overseas investment, with a focus on minerals extraction in Africa, is rebounding post-pandemic. However, the relationship remains extractive, not fully aligned with the Belt and Road Initiative's goals outlined by President Xi Jinping.
Nalco Q4 Results: Profit jumps two-fold YoY to Rs 996.7 cr
State-owned Nalco on Monday reported two-fold rise in consolidated profit to Rs 996.74 crore for the March quarter on the back of lower expenses. The company had posted a consolidated profit of Rs 495 crore in the March quarter of FY23, National Aluminium Company Ltd (Nalco) said in a filing to the BSE.
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.
Why is MGNREGA implementation so poor in Bihar, Congress asks PM Modi
The Congress general secretary said that in 2015, the "outgoing PM" had famously promised a Rs 1.25 lakh crore package for the people of Bihar and Rs 54,713 crore from this package was earmarked for road and bridge projects. A number of national highways, bridges over the rivers Ganga, Sone and Kosi, and 12 railway overbridges were to be built, he said.
Hudco Q4 Results:Net profit rises 9% YoY to Rs 700 crore
The company's total income for the quarter was 18% higher at Rs 2,194 crore against Rs 1,862 crore. Its board recommended a final dividend of Rs 2.65 per equity share on the face value of Rs10 each for the financial year 2023-24.
ETMarkets Fund Manager Talk: Q4 results in line with expectations, domestic cyclicals leading the way: Shibani Sircar Kurian
The March quarter earnings growth was driven by BFSI, Auto, technology, and oil and gas, with smallcaps rallying on retail liquidity. Shibani Sircar Kurian discussed the risk in the broader market for FY25. Nifty companies reported 13% earnings growth. PSUs are favored pre-elections. Capex in power, defence, and infrastructure is expected to continue.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Brookfield REIT Q4 Results: Net income jumps 89% YoY at Rs 461 crore
Brookfield India Real Estate Trust (BIRET) on Thursday reported an 89 per cent rise in its adjusted net operating income to Rs 460.8 crore during the March quarter and announced distribution of Rs 208.6 crore to unitholders. Its net operating income (NOI) stood at Rs 244.4 crore in the year-ago period.
Q4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy's Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Here’s a list:
KPIT Tech shares surge 7% after PAT grows 47% in Q4
KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
Embassy REIT's Q4 Results: Net operating income up 13% to Rs 766 cr
Embassy Office Parks REIT on Thursday reported a 13 per cent increase in its net operating income to Rs 765.6 crore and announced distribution of Rs 494.8 crore to unit holders in the fourth quarter of the last fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period.
KP Energy Q4 Results: Net profit grows 60% to Rs 25 crore
KP Energy on Monday posted a 60 per cent rise in its consolidated net profit at Rs 24.89 crore during the quarter ended March 2024 on account of increased income. It had reported a net profit of Rs 15.48 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing.
Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
ONGC Q3 Results: Net profit falls 10% YoY to Rs 10,356 crore; dividend declared at Rs 4/share
Oil and Natural Gas Corporation (ONGC) reported a 9.9% year-on-year (YoY) decline in consolidated net profit for the quarter ended December 2023 to Rs 10,356 crore, compared to Rs 11,489 crore in the year-ago period.
Q3 results today: Nestle, Tata Consumer, Trent among 190 companies to announce earnings
On Tuesday, Nearly 160 companies will be announcing their December quarter earnings including the likes of Britannia Industries and FSN E-Commerce Ventures which operates Nykaa brand.
Q1 results this week: Adani Enterprises, SBI, Maruti, Titan, Airtel, M&M & others
Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.
Q4 results this week: HDFC, Adani Enterprises, Tata Steel, Titan, Varun Beverages, others
Mixed Q4 earnings season so far with IT companies disappointing, but strong results from financial and banking sector helped markets. Investors will track corporate earnings and global trends to gauge market direction. This week, Adani Enterprises, Titan Company, HDFC, TVS Motor, Hero MotoCorp, Tata Steel, and several other companies will announce their results. Notable companies announcing include Tata Steel, Titan Company, HDFC, Adani Enterprises, TVS Motor, Hero MotoCorp, Britannia Industries, and Marico.
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