NORTH EASTERN CARRYING CORPORATION LTD Q1 RESULTS
Investing in bank, auto, healthcare, metal or IT stocks? Check how different sectors of Nifty 500 fared in Q1 2025
Despite the weak June quarter performance, an Antique Stock Broking earnings review report expects a minimal earnings downgrade in coming quarters. The report lists increased economic activity, especially government spending, rural recovery, given the outlook of above-normal monsoon, lower commodity prices, likely start of the rate cut cycle and expectations of healthy upcoming festive demand as some of the factors that will support the performance of corporate India. Here’s how different sectors of the Nifty 500 fared in the first quarter of 2024-25.
Veranda Learning Solutions achieves stellar Q1FY25 growth, revenue surges 70%, EBITDA jumps fivefold
Veranda Learning Solutions reported strong Q1FY25 financial results, with operating revenue up 72.69% to Rs 118.99 crores and EBITDA increasing by 400% to Rs 27.61 crores. The company trained 113,262 students and attributed its success to strategic partnerships with Cambridge, Pearson, and KSDC. The company aims for Rs 600 crores in revenue for FY25.
Bandhan Bank, GRSC among 16 stocks to trade ex-dividend on Tuesday. Last date to buy today
Dividends are paid to shareholders who are listed in the company's records on the record date. Shareholders who buy the stock at least one day before the ex-date qualify for dividends, as the transaction settles the following day. However, those who purchase the stock on the ex-date are not eligible for dividends.
Another sector whose quiet transformation will have an impact: 6 energy stocks which can give more than 17% returns in one year
While structural transformation in the auto sector into EV is much talked about and given credit by the street, the fact is that the energy sector as a whole has been quietly going under a transformation. In terms of real impact on the economy it would be much bigger. Many would have not realized that large companies which are in the energy space have been forming joint ventures or subsidiaries to get into new energy areas. Even when elections were going on, a PSU company kicked its hydrogen initiatives and because it was a quiet period for the government as the model code of conduct was going on, not much was talked about it. Energy as a business requires tons of capital and also patience to make the business not only profitable but also the stocks sustainable wealth creator, but once a solution reaches a scale then there is no looking back as it is not easy to enter the sector.
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.
Infrastructure push in Eastern India, opportunity for select cement makers: 5 cement stocks with an upside potential of up to 37%
Sometimes, what is considered a weakness by the street turns into an opportunity by just one policy announcement. Take the case of cement companies which are focussed on the eastern part of the country. The special push to the infrastructure sector in the eastern part of the country is likely to help companies which are primarily focussed in that region. Indian cement companies can be divided into two categories, one which are present in a particular region and other which have a pan India presence. Normally it is pan India companies which get better valuation because if there is an issue with sales in one region, it is made up by that of another. Regional focussed companies tend to get less attention, but for some which are focussed in eastern and southern parts, probably there are better times ahead.
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Citigroup Q2 Results: Profit beats on surge in investment banking, services strength; but shares fall 3%
The third-largest U.S. lender reported a profit of $1.52 per share for the three months ending June 30, surpassing analysts' expectations of $1.39, according to LSEG data. Warren Kornfeld, senior vice president in the financial institutions group at Moody’s Ratings, noted that these results highlight Citi's challenging path toward achieving its shareholder returns target of 11% to 12%, up from 7.2% in the second quarter.
What to expect from HCL Tech Q1 earnings? Omkar Tanksale answers
This largely impacted the operating margin negatively. However, the worst is over, and there are green shoots in terms of demand as they have started executing well. The BFSI sector in North America is still under stress, but we expect demand to improve going forward.
These 5 energy stocks can give more than 18% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Israel pushes further into parts of north Gaza; new cracks in Netanyahu coalition
Israeli troops entered Gaza Strip, Rafah, clashing with Hamas. Benny Gantz threatened to resign if PM Netanyahu doesn't agree to a post-war plan by June 8, alarming Cairo. Netanyahu faces criticism for lack of endgame strategy.
Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
BPCL Q4 Results: Net profit down 30% YoY to Rs 4790 crore on weak refining margins
FY24 net profit highest at Rs 26,674 crore. Company issues 1:1 bonus; declares dividend of Rs 21 per share. Revenue from operations declined 5% from Rs 5.06 lakh crore to Rs 5.33 lakh crore
New growth markets for IT firms; Stride Ventures closes third fund
Indian IT firms are seeing rapid growth in new geographies amid a slowdown in their established North American market. More on this in today’s ETtech Top 5.
World gold demand surges in Q1 2024, hits record high amid central bank buying and OTC investment boom
The World Gold Council's Q1 2024 Gold Demand Trends report reveals a 3% increase in global gold demand to 1,238 tonnes, driven by healthy investment from the OTC market and persistent central bank buying. Gold price hit a record quarterly average of US$2,070/oz. Central banks added 290 tonnes to official holdings, highlighting gold's importance in reserve portfolios.
Hilton Q1 Results: Revenue rose 12% to $2.57 billion; co lifts profit forcast
Hilton Worldwide Holdings beat Wall Street estimates for first-quarter revenue and raised its 2024 profit forecast on Wednesday, banking on rebounding international and group travel and its expanding hotel portfolio to boost results.
Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month
Smallcap investors suffered losses due to the Mahadev Online Book scam involving entities like Hari Shankar Tibrewala. Several listed stocks linked to the scam saw significant value depreciation, causing panic in the stock market.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
US bank profits fall in choppy fourth quarter marked by special charges, falling lending margins
JPMorgan gained 0.9% and Citi fell 1.2%, while Bank of America fell 2.4% and Wells Fargo was down 2.3%. The banks combined set aside more than $8 billion to refill the Federal Deposit Insurance Corporation's deposit insurance fund (DIF), which took a $16 billion hit after Silicon Valley Bank and two other lenders failed last year.
Citigroup Q4 Results: Company swings to $1.8-billion loss on slew of charges
Citigroup on Friday reported a $1.8 billion loss for the fourth quarter as it recorded charges to refill a government deposit insurance fund and carry out a sweeping internal reorganization
Apollo Hospitals to invest Rs 3435 crore on capacity expansion, posts Rs 233 cr net profit in Q2
As part of the expansion plan, the company announced a 250-bed new hospital in Pune expandable to 425 beds in 2 years at an overall cost of Rs 675 crores. The hospital is expected to be commissioned by Q1 FY25. With this expansion, Apollo will have over 1000 beds in Maharashtra including Mumbai, Pune and Nashik.
NEEPCO abandons 500 MW thermal power project in Meghalaya
North Eastern Electric Power Corporation Limited (NEEPCO) has halted a proposed 500MW Meghalaya thermal power project to focus on green energy. The decision was made during discussions between NEEPCO's Chairman and Managing Director and Power Minister AT Mondal.
Power Finance Corporation board to consider bonus issue, dividend on August 11
Power Finance Corp funds power projects in India. The company serves state power utilities, central power sector utilities, power departments, private power sector utilities, joint sector power utilities, power equipment manufacturers, and municipal power utilities
Berger Paints board to consider bonus issue on August 9
A company issues bonus shares to their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.
UPL Q1 Results: PAT plunges 81% YoY to Rs 166 crore, FY24 guidance sharply cut
Consolidated revenue from operations, too, plunged over 17% to Rs 8,963 crore, and was also below the estimated Rs 10,429 crore
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.
Bandhan Bank Q1 Preview: PAT seen falling up to 14% in a soft quarter
Bandhan Bank's Q1FY24 results are expected to be weak due to a sequential decline in loan growth and seasonably weak quarter, with net profit projected to fall up to 14%. However, the bank anticipated loan and deposit growth to be 20% above industry
HDFC Q4 Results: PAT jumps 20% YoY to Rs 4,426 crore, tops estimates; Rs 44/share dividend declared
HDFC Q4 Results: Housing Development Finance Corporation (HDFC) has reported a 20% YoY increase in net profit for Q4 2023 at Rs 4,425.50 crore, surpassing estimates. Total revenue from operations also surged by 35.6% YoY to Rs 16,679.43 crore, while the company's capital adequacy ratio for Q4 was 24.3%, and the liquidity coverage ratio was 127.7%. The board has approved an interim dividend of Rs 44 a share for FY23.
Gas distribution and power sector companies for bearish times. 6 stocks with 'Strong Buy' and 'Buys' recos
While markets are volatile and bears are making a move, utilities companies are making a comeback on the buy list of analysts. The reason, their earnings are far more resilient to any slowdown. The companies in the list are covered by a minimum count of 10 analysts. The reason for having a minimum count of analysts for a particular sector is because higher coverage by analysts indicates higher institutional interest in individual stock. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Corporate Radar: NTPC to turn ex-dividend; Coal India Q1 results; AGMs, and more
Abbott India, United Breweries, Zydus Lifesciences, Cummins India, The Ramco Cements, Cholamandalam Financial Holdings, Sobha, Ingersoll-Rand (India), S H Kelkar & Company, Pricol, Ramco Industries and Ramco Systems will have their annual general meetings (AGM) today.
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