NOEL AGRITECH LTD Q1 RESULTS
MPC should pay more heed to core inflation, says Ashima Goyal
Ashima Goyal, a member of the Monetary Policy Committee (MPC), emphasized the need to focus more on core inflation due to its significant impact on household inflation expectations. Goyal's term on the MPC will end in early October. Additionally, she suggested that the MPC should expand its role to include providing guidance on liquidity conditions in the banking system.
Q1 results today: LIC, RVNL, GRSE, MRF among 225 companies to announce earnings on Thursday
The initial quarter earnings season began with 225 companies, including LIC, Eicher Motors, RVNL, and SAIL, reporting their financial performance. Eicher Motors was expected to achieve a significant profit range, while LIC was projected to see a notable increase in its annual premium equivalent and value of new business on a yearly basis.
Multibagger smallcap stock announces Rs 100 crore buyback, shares up 5%
Dhanuka Agritech revealed a Rs 100 crore share buyback at Rs 2,000 per share, prompting a 5% rise in share price to Rs 1,828.30. The buyback covers 1.10% of equity shares, with an August 16 record date. Additionally, the company reported a 49% YoY increase in PAT for Q1FY25.
Strong first indications that the worst is behind them? 5 agro-chemical stocks with upside potential of up to 29%
Some sectors have a company which though may not be called as bellwether but it is good enough to give an indication of what it might be in that sector and that is why its results of that company probably are indicative of what is happening in the sector. Sumitomo chemicals announced its Q1 results and what is interesting is that it gave the following statement in its investor’s presentation. “The favorable market sentiments and stable input costs has been the primary growth driver for our business in Q1FY25. The company has demonstrated strong recovery in the domestic market, leading to our optimism for FY25, considering FY23-24 challenges are largely behind us especially in the domestic market. The price volatility observed last year has stabilized to a great extent. Also, the sentiment among our channel partners and farmers is turning positive. Our outlook remains cautiously optimistic, contingent on rainfall patterns in the coming months of August and September.” Now this is good enough reason to bring them on the watch list and look out for further confirmation from other companies to see if their bad times are over.
Paytm's government nod; FM on angel tax
Paytm has secured government approval for a $5.97-million investment in a key subsidiary. This and more in today’s ETtech Top 5.
Sensex shrugs off tax hike shocker, ends marginally lower; but market value takes hits by nearly Rs 2 lakh crore
Leading the Sensex pack, Titan and ITC saw significant gains, rising 6.6% and 5.5%, respectively. Adani Ports, NTPC, Infosys, and HCL Tech also closed higher. However, L&T, Bajaj Finance, SBI, Axis Bank, HDFC Bank, and Asian Paints faced declines. The market capitalisation of all listed companies on BSE declined by Rs 1.89 lakh crore to Rs 446.43 lakh crore.
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Let the market be volatile, not your decisions: 5 midcap stocks with track record and correct financial matrix for long term investors
One of the biggest challenges when investing in mid-cap stocks is not about the price of the stock moving up and down. It is about the management of one’s own expectation and anxiety level. When the market witnesses volatility like they did on Friday, the anxiety index goes up. So, when looking at mid-caps, there are some must do things, from two perspectives. First, the stock selection and the way one takes exposure to the stocks so that the probability of making money in the long term increases; and secondly, ensure that one’s own anxiety index does not shoot up. Given the fact we have the budget coming this week, there is a high probability that we might see higher volatility and it becomes important to have checks and balances so that wrong decisions are avoided.
Furore over Karnataka jobs bill; ETtech Done Deals
The Karnataka government’s move to reserve some private-sector jobs for locals has drawn fire from corporate India. This and more on today’s ETtech top 5.
Trent Q4 Results: Net profit surges five times to Rs 654 crore on exceptional income of Rs 543 crore
In its filing, Trent said that this exceptional income is because the company had entered into a substantial number of lease contracts for store operations. The company reassessed the estimates of assets and lease liabilities, which resulted in an exceptional gain for the quarter amounting to Rs 543.35 crore.
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.
Nova Agritech GMP: What to expect from listing on Wednesday
Ahead of the debut, the company's shares are trading with a premium of Rs 23 in the unlisted market. Considering the upper price band of Rs 41, the stock is expected to list with a premium of over 50%
US Fed meet, Interim Budget, Q3 results among 9 factors to keep D-Street busy this week
US Fed meeting, corporate earnings, Budget, and several IPOs are likely to impact Dalal Street investors this week. “Going forward, global market factors like the policy rate decisions of major countries will affect the market, and markets are likely to witness stock-specific actions during the ongoing earnings season,” said Vinod Nair, Head of Research, Geojit Financial Services.
Axis Bank, Bajaj Auto Q3 earnings among 10 factors to drive D-Street in holiday-shortened week
"Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persstent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said.
Saurabh Mukherjea on 3 ways 2024 will be different from 2023
Saurabh Mukherjea expects a resurgence in private sector capex, growth in IT services and engineering R&D companies, and a pick-up in private consumption driven by the job market and interest rate cycle. The Marcellus founder discusses the optimistic outlook for private sector capex in India, highlighting names such as RSI, RHI Magnesita, and Grindwell Norton as plays on the steel demand and abrasive provider sectors. He also emphasizes the potential of Trent's Zudio proposition and Star Bazaar as disruptive players in the retail market.
These 5 stocks with high ROE & profit margin can emerge as wealth creators in smallcap space
Small cap companies are risky bets, any one who has any doubt should look just remember June 2022. A number of them lost all the gains they had made in two years. However, it would be wrong to paint everything with the same brush. If the right financial parameters and other filters are applied, it may lead to a set of select stocks of potential gainers. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
India mulls rules for live commerce; TCS Q3 net profit grows 11% YoY; Zerodha profit nearly doubles in FY22
The Bureau of Indian Standards (BIS), which is under the Ministry of Consumer Affairs, has begun to assess the need for guidelines for the new form of ecommerce, ET has learnt.
TCS net profit up 4% from Q2, misses estimates; India’s iPhone exports double to over $2.5B
Tata Consultancy Services reported a lower-than-expected profit for the third quarter on Monday, as clients tightened spending amid a challenging macroeconomic environment that prompted the company to cut its workforce. Net profit rose nearly 4% from the previous quarter to Rs 10,846 crore but was lower than the expected Rs 11,200 crore.
Corporate Radar: HUL, Nippon Life India to trade ex-dividend, Adani Ports, Sun Pharma results and more
Adani Ports, Chambal Fertilizers, Cholamandalam, Dhanuka, JK Tyre, Kansai Nerolac, Karnataka Bank, LIC Housing Fiaance, Sun Pharma, Tata Investment, Tech Mahindra, UPL, Voltas, Varun Beverages, Max Healthcare and Macrotech among others will be announcing their Q2 results.
Dhanuka Agritech Q1 profit inches up to Rs 49cr; revenue rises 10pc to Rs 410cr
Now, the rainfall has covered most of India in July except for the eastern region, therefore, we expect that rest of the year should be good for the company, he added.Dhanuka Agritech said it will continue to focus on introducing new products in the market to cater to the growing needs of farmers.
Corporate Radar: DLF, Ultratech Cement to turn ex-dividend; Adani Green Q1 results; AGMs, and more
Shares of Clean Science (Rs 3.25 per share), Navneet Education (Rs 1.5 per share), The Anup Engineering (Rs 8 per share), Vinyl Chemicals (Rs 5 per share), Emkay Global (Rs 1.25 per share), IP Rings (Rs 2 per share), TCFC Finance (Rs 1.2 per share) and Sayaji Industries (Re 1 per share) had announced final dividends. The stocks went ex-dividend on Friday.
Corporate Radar: L&T to turn ex-dividend; Hindustan Zinc, PVR Q1 results & more
Shares of Hindustan Foods, Ontic Finserve, Rajnish Wellness and Shanti Educational Initiatives will go ex-split today. Hindustan Foods and Rajnish Wellness had announced the splitting of shares into face value of Re 2 from the face value of Rs 10 while Ontic Finserve and Shanti Educational Initiatives had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.
Trent Q3 Results: Net profit zooms 79% to Rs 199 cr
Its revenue from standalone operations grew at a higher 85 per cent to Rs 1,441 crore, from Rs 779 crore a year ago.
Trent zooms 9% as performance improves rapidly in Q2
According to Chairman Noel Tata, the company saw a rapid recovery in customer offtake beginning from the middle of June as businesses resumed in many markets, a report by PTI said.
Dhanuka Agritech Q2 results: Net profit down 10% to Rs 63 cr
Total income also fell to Rs 445.75 crore during the second quarter of this fiscal year from Rs 450.61 crore in the corresponding period of the previous year, according to a regulatory filing.
Trent Q4 results: Reports net profit of Rs 17 cr; revenue at Rs 906 cr
Its revenue from operations was at Rs 905.54 crore during the quarter under review. It was Rs 842.93 crore in the corresponding period of last fiscal.
Dhanuka Agritech Q4 results: PAT up 45.80% at Rs 39 crore
The firm's PAT stood at Rs 26.75 crore during the last quarter of 2018-19.
What changed your market while you were sleeping
At 6.46 am, Nifty50 futures on the Singapore Stock Exchange were trading 13 points higher at 9,447.
Dhanuka Agritech Q1 up 18 per cent at Rs 20.45 crore
Agrochemicals firm Dhanuka Agritech today posted 18 per cent increase in net profit at Rs 20.45 crore for the first quarter ended on June 30 on account of higher income.
Dhanuka Agritech Q1 net up 17.87% to Rs 20.45 crore
Dhanuka has maintained its growth by registering turnover of Rs 172.91 crore for the quarter ended June 30.
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