NITIN SPINNERS LTD Q3 RESULTS
Dolly Khanna adds multibaggers Nile, Tina Rubber, 3 more stocks in June quarter, slashes stake in 3 smallcaps
Among the new additions were Emkay Global Financial Services (1.63%), Super Sales India (1.06%), Nile (1.10%), Tinna Rubber and Infrastructure (1.03%) and Ujjivan Small Finance Bank (1.07%). In these Emkay Global, Nile and Tina Rubber have been multibaggers, delivering returns of 120%, 177% and 349% over the last one year. Super Sales, on the other hand, has given returns of 58% in this period.
Construction equipment sector sees muted year after polls hurt Q1 sales
Construction equipment sales in India have stayed flat in the first quarter of FY25 due to a slowdown in road construction projects and subdued demand. Industry experts anticipate a tough year ahead, with concerns about declining volumes and delayed payments for infrastructure projects.
Mphasis Q4 Results: Profit dips 3% YoY; revenue falls by 5%
Mphasis Q4 Results: Revenue from operations during the quarter declined 1.5% to Rs 3,412 crore as compared to Rs 3,361 crore in the year ago quarter. Sequentially, the revenues fell 2.2% from Rs 3,337.9 crore in December quarter.
Mphasis Q4 profit falls 2.9%, revenue up 1.5% YoY
Mphasis reported a 2.9% net profit decline to Rs 393.22 crore and a 1.5% revenue drop to Rs 3,412 crore. Full-year results showed a 5% profit decrease and a 3.7% revenue dip in FY24. Deal wins totaled $1.38 billion.
OMCs a short-term play; beware of froth in IPO market: Nitin Raheja
Nitin Raheja says: “There is a lot of visible froth that we see in the IPO markets presently. But there is just so much domestic liquidity today and that is prevailing and chasing. Also, if you see promoters selling, the way PE and VCs have been selling, point to froth in the market and one has to be careful.”
Dolly Khanna hits bull's eye with these 5 multibagger stocks of 2023
Prakash Industries has also given multibagger returns in the last one year but it is not considered in this list as the stock was not in her portfolio in December 2022.
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Mamaearth parent sets IPO price band; Meta's ad biz boosts Q3 profits
Mamaearth parent Honasa Consumer has set a price band of Rs 308-324 per share for its upcoming initial public offering (IPO). This and more in today’s ETtech Top 5.
Dolly Khanna raises stake in multibagger Talbros Automotive & 1 other, slashes holding in 5 stocks in Q2
Khanna's holding in Delhi-headquartered Prakash Pipes stood at 3.24% at the end of the September quarter, up by 46 bps from 2.78% in the previous quarter. This is another stock which has defied market trends and outperformed Nifty on 1-year and YTD basis and given over 80% returns in both timeframes.
Still expecting over 25% earnings growth for private banks in Q2: Nitin Aggarwal
Nitin Aggarwal, Head-BFSI Research at Motilal Institutional Equities, expects the banking sector to report over 25% earnings growth in the second quarter, driven by steady loan growth and improved provisioning. Aggarwal also mentioned that mid-tier banks have shown mixed performance in their business updates. He highlighted the possibility of increased competition for liabilities among banks, which could further impact net interest margins.
Will larger banks do better than small and mid-tier banks? Nitin Aggrawal explains
And that is something similar to what we are looking at the compression for the other banks also though not at the same magnitude in terms of growth but directionally every bank is going to show moderation.
Mphasis Q1 Results: PAT dip 1.4% YoY to Rs 396 crore
"While the macro-economic environment is still uncertain, we continue to broad base our growth across client segments, verticals, and geographies, with strong pipeline growth," Chief Executive Officer and Managing Director of Mphasis Nitin Rakesh said.
ETMarkets Management Talk: Mphasis CEO Nitin Rakesh explains duality of business in Q3 earnings
We believe that some of the pipelines that we have built up over the vendor consolidation theme should start to translate into TCV in the coming quarters. At this stage, we are focusing on the micro while being attentive to the developing macro environment.
Hot Stocks: Emkay initiates buy on textile sector; ITC could give 29% returns in 2023
Motilal Oswal maintained its buy rating on Can Fin Homes with a target price of Rs 630, an upside of 29% from Rs 488 recorded on December 24. Re-rating is still contingent on CANF's ability to identify a successor. Robust franchise and follows a processes orientation approach which has served it well.
Corporate Radar: PNB, Union Bank to turn ex-dividend, SBI AGM; Q4 results, bonus issues & more
Wednesday is also the record date for dividends by Britannia Industries, Bank of Maharashtra, Agro Tech Foods, Bliss GVS Pharma, Bharat Seats and Morarka Finance.
19 firms that have doubled profits for two straight years available at 20-50% discount
Some of them are obvious names, especially those that have benefitted from the commodity boom in the last couple of years. A few of them are little known names that have surprised investors and analysts.
Ujjivan Small Finance Bank soars 10% as lender returns to black after 3 quarters
"The bank completed the turnaround we envisaged under our 100-day plans put to execution beginning September last year," said managing director Ittira Davis, who took over the reins on January 14, filling the vacuum in leadership after the sudden exit of Nitin Chugh in August last year.
PVR shares zoom 4% as Q4 net loss narrows
The multiplex chain is planning to open 125 new screens across India in the current financial year as it kick-starts an ambitious growth plan after the Covid-19 disruption.
HCL profit jumps 226% yoy in Q4; HealthifyMe eyes IPO
Days after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech posted a consolidated net profit of Rs 3,593 crore, up 226% from the same quarter a year ago. Looking ahead, the company said it expects revenue to grow between 12% and 14% in FY23.
Airtel Q3 Results: Telecom major posts profit for 5th straight quarter
This is the company's fifth successive quarter in the black after six straight losses as the December quarter consolidated profit stood at Rs 830 crore, compared with Rs 854 crore a year ago and Rs 1,134 crore posted in the July-September period.
Gujarat Industries Power tanks 5% as Q3 PAT slides 9%
During October-December 2021, the company’s total income clocked in at Rs 266.49 crore, compared with Rs 338.97 crore in the year-ago period, PTI reported.
Ujjivan SFB Q2 results: Co posts net loss at Rs 274 cr
Operation profit of Ujjivan SFB fell 69 per cent at Rs 71 crore against Rs 230 crore over the same period.
Telcos' Q3 earnings may rise up to 1.5% on redefined AGR
IIFL Securities estimates Jio, Airtel and Vi will garner an extra ₹100 crore, ₹90 crore and ₹60 crore of earnings before interest, tax, depreciation and amortisation (Ebitda) from the December quarter, which works out to an increase of 1%, 0.8% and 1.5%, respectively.
Quick Heal Q2 results: Net profit rises 20.1% to Rs 34.6 cr
Quick Heal's total revenue grew 23 per cent to Rs 103.8 crore in the quarter under review, from Rs 84.4 crore in the year-ago period.
Ujjivan SFB Q1 results: Co report net loss of Rs 233 cr
Loan repayment was severely hit due to the second wave and fresh lockdowns with collection efficiency fell to 78 per cent in June against 94 per cent in March, the bank said. The ratio improved to 93 per cent in July for the bank.
Mphasis Q1 results: Net profit grows 23.4% to Rs 339 crore
Revenue from operations grew 17.5 per cent to Rs 2,690.8 crore in the reported quarter from Rs 2,288.2 crore in the year-ago period, it added.
Mphasis Q4 results: Net profit declines 10.2% to Rs 316.9 crore
The company's revenue from operations grew 7.5 per cent to Rs 2,524.2 crore in the quarter from Rs 2,346.1 crore in the year-ago period, it added.
Ujjivan Small Finance Bank Q3 results: Reports net loss of Rs 279 cr
Its operating profit rose 42% at Rs 204 crore against Rs 144 crore for the same period, backed by growth in treasury income, but a 19 times higher provisioning led to a net loss.
Mphasis Q3 results: Net profit rises 11% to Rs 325.5 cr
The company's net profit stood at Rs 293.6 crore in the year-ago period, it said in a regulatory filing.
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