ON DOOR CONCEPTS LTD Q4 RESULTS
For risk takers with medium term perspective: 4 small caps from different sectors with an upside potential of up to 30%
Indian markets are correcting in line with the global markets. How long this phase will continue is an open ended question because when will the US Fed act is something which is still not clear at this point. If one looks at the Indian market, just before this global issue came up they have been doing well, both in terms of the performance at the level of Nifty and broader market breadth which has not been that bad as it used to be in March when it was Indian specific correction. The way things are panning out even in this correction, the probability that Indian markets will be able to outperform global peers seems to be high at this point of time. So, in a way these corrections are opportunities for a medium to long term perspective but only if you buy stocks where they meet certain parameters, especially in small cap segments where risk and reward are of different nature.
Bank of Baroda Q1 Results: Profit rises 9.5% to Rs 4,458 crore
Bank of Baroda (BoB) on Wednesday reported a 10 per cent increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period.
RITES board to consider bonus issue on July 31
RITES revealed its board would review the issuance of bonus shares, financial results for Q1 FY24-25, and an interim dividend in the meeting on July 31.
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).
Long term investing with a different perspective: 4 stocks of companies with strong brands which have stood the test of time
Just take a small test, how many brands of pressure cooker can you recall. One or maybe two. It does not mean that there are only two companies which make pressure cookers. The answer is no. Now let's move to another sector, the water purification system, again maybe one or two. Now let's put this in context. Recently an FMCG company with a big power of cash to spend and distribution system, sold its water purification business to another company. The reason for moving out? it was not able to make a dent in this niche industry. That is what the power of an established brand can do, it can beat even the best of the competition which has the power of cash. There are companies which have brands which have remained strong and grown for many decades and they have grown, not to say they haven't faced issues, but finally they have grown.
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
- Go To Page 1
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.
RITES Q4 Results: Net profit marginally falls to Rs 137 crore
RITES Ltd reported a 1.59% decline in net profit to Rs 136.67 crore for the March quarter due to a decrease in revenues.
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
SoftBank seen returning to loss in Q4 despite tech stock strength
SoftBank Group anticipates losses despite Arm Holdings' success, with potential new growth investments. The soaring Arm share price, driven by AI, doesn't directly impact SoftBank's profit. Other listed assets showed mixed performance, influencing SoftBank's financial outlook.
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 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.
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.
Current quarter trajectory better than in last three quarters; we are hopeful FY25 will be better than FY24: TCS CFO
TCS leaders discuss integrating with top academic institutions, AI evolution, margin improvement, productivity focus, back to office transition, campus hiring, diversified portfolio growth, and expectations for FY25. Samir Seksaria says: "The pricing is stable, so it is a more disciplined execution and focus on operational rigour which has delivered this margin."
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.
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”.
Tata’s Trent doubles its net profit in Q3
Trent's profit increased from Rs 160.9 crore to Rs 343.6 crore over the year and the revenue to Rs 3312.4 crore (Rs 2171.5 crore). Trent’s earnings before interest, tax, depreciation, and amortization (EBITDA) during the quarter jumped 86% year-on-year to Rs 623.15 crore.
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.
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.
Glenmark reports Rs 403 crore loss in Q4FY23
For the fourth quarter of FY23, Glenmark’s consolidated revenue was at Rs. 3374 crore as against Rs.3019 crore in the same quarter of previous year recording an increase of 11.7% YoY.
Asian Paints Q4 Results: Profit jumps 45% YoY to Rs 1,234 crore, beats estimates
The company's board has recommended payment of a final dividend of Rs 21.25 for the financial year ended March 2023.
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.
Q4 Results: ICICI Securities profit falls 23% to Rs 337 cr; Tata Communications’ PAT down 11%
Revenue from operations during the quarter stood at Rs 885 crore, also down marginally as against Rs 892 crore in the year-ago period.The income from interest for the quarter came in at Rs 287 crore, up 35% year-on-year, while brokerage income stood at Rs 310 crore
Load More
