PARAS PETROFILS LTD Q3 RESULTS
Mutual funds hit sell button on HAL, GRSE, 10 other defence stocks. Should you too book profits?
Mutual funds offloaded shares in 12 defence stocks amid concerns over high valuations, with retail investors stepping in to buy. Foreign institutional investors also increased their holdings in many of these stocks. Experts advised a careful stock-specific approach as high valuations may limit near-term gains despite strong order books and government focus on indigenization.
Mayuresh Joshi on 3 stocks that can be bought on dips now
Mayuresh Joshi, Head-Equity Research India at William O'Neil, recommends buying opportunities in stocks like Exide, Amara Raja, and Pidilite in the midcap space. He also suggests considering midcap IT stocks and pharma companies like Sun Pharma, Cipla, Natco, and Torrent Pharma. Joshi says they will be keeping eyes open for any pullback in stocks like Persistent and Coforge within midcap IT space.
268 companies set to release Q2 results on Monday. What to expect from Nykaa, Divi’s Labs and Varun Beverages
Max Healthcare Institute, NHPC, Bharat Forge, Hindustan Petroleum Corporation, Gland Pharma, Emami, Exide Industries, R R Kabel, Bajaj Electricals, Bikaji Foods International, Sun Pharma Advanced Research, Sobha Ltd, Ujjivan Financial Services, Quess Corp, Fusion MicroFinance, Gateway Distriparks, Heidelberg Cement, Va Tech Wabag, and Paras Defence and Space Technologies are among the other major companies releasing results on Monday.
Nifty Financial Services index stocks: Will correction be over before the earning season starts?
The correction which Nifty has seen in the last few trading sessions has been led by financials and that too a very specific part of financial sector stocks, private banks. Whether it is upward or southward movement of Nifty, it is largely led by financials. The reason, high ownership of foreign portfolio investors ( FPI ) in the majority of these stocks. The big difference this time has been the fact that while private banks are correcting, PSU banks have been able to sort of outperform and have provided a counter to bears. The big question is will this correction be over before the Q2 earnings season begins?
Indian defence companies a long-term growth story; betting on Zomato: Siddhartha Khemka
"We believe that the long-term growth opportunity for Zomato is very strong and we are expecting it to turn EBITDA positive by the fourth quarter of this year which should result in a strong profitability going forward. For FY24, we have a PAT of 1.3 billion. And for next year, FY25, it should increase to Rs 8 billion. Hence, the momentum for Zomato should continue."
India's economy grew faster at 5.1% in Q4: Economists
An ET poll of 20 economists pegged growth in the January-March period in the 4.1-5.7% range with the median at 5.1%, higher than the 4.4% recorded in the preceding quarter.
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Sticking to largecaps a better option in Q4 earnings season? 6 stocks with potential to rise up to 30%
On the list is the auto major, which after many quarters has shown improvement on all counts. Also coming on the list is a finance company which after the recent change in ownership has been expanding into new areas after shedding its housing finance business. These companies have come on the list because their scores have inched up and also their prices have moved up in the last one month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
3 midcap banks with ‘strong buy’ and ‘buy’ recos have up to 49% upside potential
It is now three quarters in a row that numbers from banks have shown an improvement. Quite a few of the mid-sized bank number’s were better than what the street had estimated. After facing many headwinds, finally PSU banking space is appearing to be at a stage where all their efforts may start yielding sustained results for the bottomline and shareholders. 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".
GDP growth may print at about 4% in Q4, says new report
The National Statistical Office, in its second advanced estimate, has retained GDP growth at 7 % for the full year, which factors in a growth of 5.1 %. However, the agency sees many downside risks to this estimate, such as the pent-up demand, which had provided thrust to growth, is normalising; exports that had been buoyant are facing headwinds from the global slowdown and credit growth is facing tighter financial conditions.
Netflix quarterly numbers show a case of willful ignorance: Smartkarma Research
What is the proper valuation for Netflix now? It apparently has become just another cable network, but with much lower margins and free cash flow.
Oyo may downsize IPO; exclusive chat with Nykaa CEO
Oyo plans to reduce the size of its IPO to less than $1 billion, given the prevailing market conditions. In conversation with Nykaa CEO Falguni Nayar after her company’s Q3 results.
IndusInd looking to create organic or inorganic business opportunity: MD
“We are very comfortable with the growth coming back in microfinance and also other verticals. So the growth will be diversified rather than focussed on one segment.”
Laurus Labs Q3 results: Net profit drops 44% YoY to Rs 154 crore
The earnings before interest, tax, depreciation and amortization (EBITDA) decreased 17% YoY to Rs 290 crore. The EBITDA margins dropped by 540 basis points to 28.2%.
Dr Reddy's Q3 takeaways: Impairment hurts bottom line, profit margin improves
Analysts were largely expecting an 8-10 per cent rise in net profit for the quarter.
Bajaj Finance Q3 profit up 54%, Finserv’s up 16%
Bajaj Finance reported a 54 per cent increase in consolidated profit at Rs 1,060 crore.
No meaningful recovery in earnings growth in Q3: Prasad Koparkar, Crisil
“In Q3, margin pressure continues to intensify and we do not see that ending.”
Muted Q2 results cast shadow on D-St; top 10 stocks to bet on
The numbers have not been particularly bad, but the recovery everyone is hoping for might be a couple of quarters away.
BHEL Q1 sales shrink 15%, profit falls 83%, way below expectations; stock may fall 10-20% say analysts
BHEL reported a net profit of Rs 33.90 crore for the June quarter, much lower than Rs 193.50 crore it reported in the year-ago quarter.
Tata Chemicals Q1 PAT up over two-fold at Rs 176 crore
Tata Chemicals today posted more than two-fold increase in profit after tax (PAT) at Rs 176 crore for the first quarter of this financial year.
Airtel, Idea and Reliance Communications likely to report modest sequential growth in Q1: Analysts
Telcos likely to report modest sequential growth in RPM in the quarter to June as their attempts to cut discounts on calls were restricted due to lower rates offered by smaller players.
Analysts see over 20% upside in Cadila Healthcare after strong Q3 show
Given the overall technical picture, there is a strong possibility of a price breakout occurring at the end of February 2014.
Marico Q4 PAT seen up 23.5% at Rs 86 crore; stock up
According to ET Now poll, the company is likely to report a consolidated net profit of Rs 86 crore for the quarter ended Jan-March 2013, up 23.5%.
Infosys Q1 profit rises 33% to Rs 2289 crore but cuts FY13 revenue guidance to 5%
Infosys reported a consolidated net profit of Rs 2,289 cr for the quarter ended June 2012 & sees FY13 revenue growing by 5% to $7.343 bn.
Infosys Q1 FY13 results: Analysts' take
Infosys Technologies reported a consolidated net profit of Rs 2,289 crore for the quarter ended June 2012, down 1.1 per cent compared to Rs 2,316 crore a quarter ago.Infosys
Bharti Airtel settles up over 2% post Q4 results
Shares of Bharti Airtel closed higher by over 2% even as the country's largest telecom company reported 28.19% dip in net profit for the last quarter of 2011-12.
RIL ends 3% lower on BSE on poor Q3 results, timid buyback offer
Market analysts said the slump in the counter was a knee-jerk reaction to the weak third quarter numbers announced after market hours on Friday.
TCS results: Stock slumps nearly 8% on bourses after poor Q2 earnings
The company's stock started the day on a weak note and then slid further by 7.80 per cent to an early low of Rs 1,032.35 on the BSE.
Infosys Q1 net up 15.72% at Rs 1,722 cr; stock falls
Infosys' revenues rose to Rs 7,485 crore in the first quarter from Rs 6,198 crore in the year-ago period, up 20.76 per cent.
TCS scrip at all-time high on robust Q2 numbers
India's biggest software exporter Tata Consultancy Services (TCS) today reached its peak of Rs 1,040.70 at the Bombay Stock Exchange.
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