ON DOOR CONCEPTS LTD Q2 RESULTS
The big Indian IT reset: green shoots in Q1 earnings
K Krithivasan, chief executive and MD at TCS, said during the Q1 earnings call that BFSI, its biggest vertical, returned to growth sequentially, along with all its markets and verticals except for CMI (communication, media and information).
Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO
The Q1 has typically been HCL's weakest margin quarter with the top line impacts which have also been seasonal in that sense and Q1 even in the previous two years has been around that 17%, which is where HCL landed up this quarter as well, says CFO Prateek Aggarwal. Typically, Q2 picks up to something like 18% and Q3 is the peak, which goes to 19% plus and then the Q4 again comes back to that same second-quarter level
HCLTech Q1 net profit up 6.8% at Rs 4,257 crore; beats estimates
HCLTech's profit rose 6.8% to Rs 4,257 crore, driven by $70 million non-core income. EBIT, revenue declined. TCS earnings boosted stocks. CEO Vijayakumar noted Q2 State Street impact, steady FY25 guidance. Dividend declared. Headcount fell by 8,080, Q3 margins to improve. $1.96 billion bookings, 200 GenAI concepts. CFO Prateek Aggarwal cited robust cash flow. Shares closed at Rs 1560.40.
France elections 2024 results: French PM Gabriel Attal offers resignation. Is Paris heading for political turmoil?
France elections 2024 results projections have predicted bad news for President Emmanuel Macron’s centrist alliance and the far right as left coalition is in the pole position.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
GIFT Nifty rises 120 points; here's the trading setup for today's session
"We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
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DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. The loss, of 6 cents per share, was higher than the 3-cent loss Wall Street had forecast, according to analysts polled by FactSet. DoorDash said it increased both marketing expenses and research costs during the quarter.
Trent shares rally 6% after posting a 5-fold jump in Q4 profit. Should you buy them?
The five times jump in profits was largely due to the exceptional items income of Rs 543.35 crore in the quarter which was not there in the corresponding quarter of last year.
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.
Nestle India shares drop 2% after Q4 results. Buy, sell or hold?
Nestle India's share price fell 2% to Rs 2,511.60 after Q4 results. Standalone net profit rose 27% to Rs 934 crore, revenue increased 9% to Rs 5,268 crore. Brokerages hold mixed views on the stock.
10 Best Selling Haier Refrigerators in India in 2024
You will find the latest Haier refrigerator models in India for 2024 in this list, each featuring innovative features like frost-free technology, efficient inverter compressors, and versatile convertible modes. The article offers a detailed comparison of capacities, energy efficiency ratings, and warranty periods, tailored to suit households of all sizes and preferences and aimed at enhancing food preservation and energy savings.
10 Best Smart Door Locks in India for Easy Access Management (2024)
Upgrade your home security today with this list of the best smart door locks and enjoy the ultimate protection for your property. These innovative devices combine cutting-edge technology with advanced features to provide unparalleled protection for your home. From fingerprint recognition to remote access via mobile apps, these locks offer multiple unlocking methods for convenience and flexibility. With sturdy construction and easy installation, they seamlessly integrate into your existing door setup, enhancing both security and convenience.
Best-selling 4-star refrigerators of 2024 for energy-efficient cooling
Refrigerators are indispensable appliances in any household, ensuring food preservation and freshness. Best-selling 4-star refrigerator model prioritizes energy efficiency, saving costs while maintaining optimal cooling. This collection showcases diverse features like turbo cooling technology, spacious vegetable trays, and durable toughened glass shelves. Explore and find the perfect balance between performance, sustainability, and convenience for your kitchen needs.
Uber, Lyft, DoorDash drivers in the US to strike on Valentine's Day for fair pay
The strike call is the first since Uber and Lyft went public in 2019. Drivers will picket outside airports and Uber offices, two of the groups said. The strikes are set to take place about a week after Lyft said it would pay the difference if drivers made less than 70% of what riders paid after external fees each week.
Board exits at Paytm bank; Mamaearth’s Q3 profit up 265%
Shinjini Kumar, a former Bank of America and PricewaterhouseCoopers (PwC) executive, resigned from the payments bank’s board in December, we have learnt. Manju Agarwal, former deputy managing director at State Bank of India, has also quit.
RBI says Paytm’s non-compliance forced action; Zomato’s Q3 report card
Without naming a specific entity, RBI Governor Shaktikanta Das said the regulatory action was driven by a “lack of compliance”.
Trent Q3 Results: Cons PAT soars 124% YoY to Rs 374 crore, stock up 15%
Trent reports 124% YoY surge in net profit at Rs 374.36 crore for Q3FY24. Shares of Trent rise 15% to Rs 3,475. Company's Q3FY24 revenue reaches Rs 3,686 crore, up 50% YoY. Trent adds 5 Westside and 50 Zudio stores in 36 cities. Star business registers 26% revenue growth in Q3FY24.
Tata Tech Q3 results today: What will be the key watch outs for Dalal Street?
Tata Technologies Ltd is set to release its earnings for the December quarter today, marking its first earnings release since listing last month. The company reported strong earnings for the six months ended September, with consolidated revenue growing 34% YoY to Rs 2,527 crore and net profit growing 36% YoY to Rs 352 crore.
Trent hits a new high as Q2 beats estimates
The owner of the 'Westside' and 'Zudio' stores reported sharply superior earnings than estimates for the September quarter, resulting in analysts raising target price for its shares by 24-42%, while retaining their positive view on the company.
IndiGo CEO opens up about aircraft grounding challenges: Steps in place
“We have recently concluded induction of another 11 planes which are coming in one by one. Going forward, we continue on that track. Only in the month of December, we get three more ATR aircraft coming in, so that is helpful. We got new airbuses coming in and we are evaluating a further increase of leased aircraft going forward.”
‘The Couple Next Door’: Channel 4 & Starz Drop Trailer Starring Sam Heughan & Eleanor Tomlinson
“The Couple Next Door,” the new psychological drama series from British production company Channel 4 dropped its trailer today, exciting the audience. The new series stars Sam Heughan, Eleanor Tomlinson, Jessica De Gouw and Alfred Enoch who also acted in the “Harry Potter” movie franchise.
Yield movement, Q2 results, fund flows among 8 factors to keep Dalal Street investors on tenterhooks
The expectations of higher for longer interest rates pushed yields higher, and this prompted foreign investors to pull out money from risky assets such as equities and park it in the bond market
DoorDash lifts core profit target for second time on higher orders
DoorDash said it expects gross order value - total value of all app orders and subscription fees - to be between $64.2 billion and $65.2 billion for 2023.
Asian Paints Q1 Results: Consolidated PAT soars 53% YoY to Rs 1,550 crore, beats estimates
Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore. The paint maker’s operating profit increased by 36.3% YoY to Rs 2,121.3 crore, with gross margins expanding a whopping 530 basis points (bps) in the quarter.
Shoppers Stop Q1 Results: Profit down 36% to Rs 14.5 crore
As per its latest annual report, the company operates 270 retail stores, including 98 departmental stores, 132 speciality beauty stores of MAC, Est e Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty, and 23 Airport doors.
RIL Q1 results today: Expectations, key monitorables, how to trade the stock
RIL’s consolidated net profit for the quarter is likely to drop 10% year-on-year (YoY) to Rs 16,170 crore, according to the average of estimates given by 10 brokerages. Consolidated revenue is seen down 2% YoY at Rs 2.15 lakh crore.
Forbidden Door 2023 results: Full list of matches, main events of AEW x NJPW Forbidden Door
Forbidden Door 2023 was held with the annual crossover of NJPW x AEW. Forbidden Door 2023 remains the main attraction of the summer of AEW
Asian Paints shares jump 4% post Q4 results on margins boost
The paint manufacturer attributed the strong results to sourcing and formulation efficiencies, as well as softening raw material prices, which helped improve margins significantly. EBITDA margins stood at 21.2%, exceeding Morgan Stanley's estimates of 18.6%. Net profit rose 45% YoY to Rs 1,234 crore during Q1, with domestic decorative business and non-industrial businesses driving growth.
After record Q1, Q2 & Q3, Indian Hotel’s Puneet Chhatwal expects a best ever Q4 also
"I hope we are able to consistently deliver on our promise, consistently deliver on our performance on all metrics. What we have guided on, we will continue to do that. We will achieve our 300-room portfolio by the end of 2025. We will have a balanced portfolio, which means 50%, owned or leased – as that gives us operating leverage in an up cycle – and a 50% portfolio driven through our new businesses and on management fee income. "
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