PARTY CRUISERS LTD Q3 RESULTS
![FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?](https://img.etimg.com/thumb/msid-112557018,width-100,height-75,resizemode-4/markets/stocks/news/fii-selloff-hits-rs-30000-crore-since-budget-but-why-arent-alarm-bells-ringing.jpg)
FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?
FIIs have sold Indian stocks worth Rs 30,000 crore since the Budget due to high valuations and global economic concerns. Despite the sell-off, Indian markets remained resilient due to strong domestic investor support. Analysts expect FII behavior to improve by November as key global economic conditions stabilize.
![Byju’s-BCCI settlement in trouble; Ola Electric Q1 loss widens](https://img.etimg.com/thumb/msid-112528111,width-100,height-75,resizemode-4/tech/newsletters/tech-top-5/byjus-bcci-settlement-in-trouble-ola-electric-q1-loss-widens.jpg)
Byju’s-BCCI settlement in trouble; Ola Electric Q1 loss widens
In a setback for Byju’s, the Supreme Court has stayed the NCLAT's approval of its settlement with the BCCI. This and more in today’s ETtech Top 5.
![Expect very good results in renewable business from Q3 onwards: Praveer Sinha, Tata Power](https://img.etimg.com/thumb/msid-112341909,width-100,height-75,resizemode-4/markets/expert-view/expect-very-good-results-in-renewable-business-from-q3-onwards-praveer-sinha-tata-power.jpg)
Expect very good results in renewable business from Q3 onwards: Praveer Sinha, Tata Power
Only about two weeks back, we won a big project in Odisha. And we expect that going forward many more projects we will be bidding very aggressively and take a pole position in transmission business too.
![Fino Payments Bank Q1 Results: Profit jumps 30% to Rs 24.3 crore, digital business grows 15%](https://img.etimg.com/thumb/msid-112172889,width-100,height-75,resizemode-4/markets/stocks/earnings/fino-payments-bank-q1-results-profit-jumps-30-to-rs-24-3-crore-digital-business-grows-15.jpg)
Fino Payments Bank Q1 Results: Profit jumps 30% to Rs 24.3 crore, digital business grows 15%
Fino payments bank reported a total profit of Rs. 24.3 crores in the first quarter of this fiscal, up 30% from the last year, while the overall throughput grew 39% on year to Rs. 1,05,610 crores.
![Torrent Power Q1 Results: Cons PAT zooms 87% YoY to Rs 996 cr](https://img.etimg.com/thumb/msid-112141816,width-100,height-75,resizemode-4/markets/stocks/earnings/torrent-power-q1-results-profit-jumps-87-yoy-to-rs-996-cr.jpg)
Torrent Power Q1 Results: Cons PAT zooms 87% YoY to Rs 996 cr
The company reported a substantial increase in net profit for the April-June quarter, reaching Rs 996.34 crore compared to Rs 532.28 crore in the same period last year. Total income also rose by 23% to Rs 9,110.02 crore. Additionally, the company's board approved the sale of its entire stake in Torrent Electricals Private Ltd (TEPL) to its holding company, Torrent Investments Private Ltd (TIPL), for Rs 85 crore.
![Industrial & warehousing demand remains healthy with about 13 mn sq ft of leasing in H1 2024](https://img.etimg.com/thumb/msid-112033044,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/industrial-warehousing-demand-remains-healthy-with-about-13-mn-sq-ft-of-leasing-in-h1-2024.jpg)
Industrial & warehousing demand remains healthy with about 13 mn sq ft of leasing in H1 2024
Industrial and warehousing demand in major Indian cities soared in H1 2024, led by Chennai and Delhi NCR, as leasing grew by 17%. Third-party logistics dominated the market with significant deals from electronics and FMCG players. New warehousing facilities and technological advancements were highlighted to meet the increasing demand.
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Mediation and third-party funding can boost insolvency resolution process: NPS Chawla of Aekom Legal
NPS Chawla, co-founder of law firm Aekom Legal, in an interaction with ET highlighted the Insolvency & Bankruptcy Code (IBC) 2016’s progress, addressing methods to improve resolution rates, such as mediation and third-party litigation funding. The discussion also touched on enhancing the framework for real estate insolvency cases and emphasized the need for continued evolution of the IBC system.
AU Small Finance Bank Q1 Results: PAT up 30% to Rs 503 crore, NII up 54%; to apply for universal banking licence
The bank has received its board approval for applying for the coveted license. The board has also formed a committee of directors to vet the application. The committee includes chairman HR Khan, independent directors Pushpinder Singh and MS Sriram and managing director Sanjay Agarwal.
Adani Energy Solutions Q1 Results: Company posts a net loss of Rs 1,191 crore
Adani Energy Solutions (AESL), formerly Adani Transmission Ltd, on Thursday, reported a consolidated net loss of Rs 1191 crore against a profit of Rs 182 crore for the quarter ended June 30. The loss was on account of an exceptional item.
Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons. At this point of time, when valuations are high and small corrections can lead to strong negative reactions in stock prices. So, while capital gains is the objective, never lose the perspective of protecting capital from sudden shocks. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
Valuable lessons BJP needs to learn from Maharashtra and UP results
In Maharashtra and Uttar Pradesh, the BJP got some critical decisions wrong, which resulted in it falling short of a majority on its own in Parliament
ETMarkets Smart Talk: Rural consumption could top priority in Modi 3.0’s final Budget in July: Vinay Jaising
The BJP led NDA alliance is confident of forming the government for the third time consecutively which has not happened in India since 1962 when the Nehru led Congress was in Power; and an extremely spectacular event.
Why Hindu liberals and Muslims are divided on poll verdict
While liberals are interpreting the result as a rejection of Hindutva politics, Muslims believe nothing will change under the new government
A likely Modi 3.0 might just give Indian economy what it wanted for so long
India's chances of soverign rating upgrade is likely high. Exit polls predict Narendra Modi's BJP-led NDA will secure a third term with a significant majority. The NDA is expected to surpass its 2019 tally, easing concerns about replicating previous success. This likely continuity boosts economic confidence, with S&P upgrading India's outlook to "positive" and fiscal indicators showing robust growth and reduced deficit.
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.
FPIs may adopt a cautious stance until the election results are clear
Foreign Portfolio Investments (FPI) in India may see a cautious approach until the election results are clear. India's economic performance attracts FPI flows driven by factors like interest rates, inflation, and GDP growth, along with a stable political environment.
Do Dr Lal Pathlabs' results indicate a turnaround for the sector? 4 stocks from diagnostic space, 3 with upside potential of up to 31%
Some sectors have a company which can be called as the bell weather of that sector and that is why its results of that company probably are indicative of what is happening in the sector. In case of the diagnostic, it is probably the Dr Lals path labs which would fit the criteria, it has national presence, large network, present in both physical and digital segment. So when the quarterly numbers come and they show improvement on many fronts then probably it is time to have a look at them more seriously and see if there is a possible turnaround building in the sector. This became even more important because these stocks had gained extremely high valuation and also popularity in terms of both retail and institutional participation. But then for close to two years, they have been a strong under performer in a strong bull market. Does this result mean that finally in terms of price war for customer acquisition over and now the valuation readjustment will start in the upward direction.
JSW Infrastructure Q4 Results: Net profit rises 9% to Rs 329 crore
JSW Infrastructure on Friday reported 9 per cent increase in consolidated net profit to Rs 329 crore for the fourth quarter ended March 2024. The company had clocked a profit of Rs 302.26 crore in the corresponding period of the previous fiscal, it said in a BSE filing.
Infosys Q4 Results Preview: Weak discretionary spending to weigh on sales, FY25 guidance seen conservative
Infosys Q4 Preview: For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.
TCS beats the estimates. Will other 5 IT majors be able to do it? If yes, this 13.05% will change the Nifty’s behaviour for good
Rs 33.44 / Rs 34.41 / 13.05% will these three numbers change how the Nifty behaves in next few days. By the time you are reading this, headlines about TCS beating the Q4 estimate would be running on the ticker. The question is what determines that the company has beaten the estimates and how it makes a difference to the fortune of these shareholders of the company and street and nifty as a whole. In the case of TCS, the estimated EPS for Q4 the analysts was Rs 33.44 for the Q4 for FY 24 and the actual numbers were Rs 34.31. While it might appear that this is a mere difference of just 87 paisa, but the fact is in an over researched and heavily institutionally owned stock that it is a good enough difference of expectations for stock to move sharply in the short term. What are the estimates of earnings for 5 large companies? And will they change the course of Nifty.
Infosys vs TCS: Who is poised to win in this Q4 IT battle?
TCS and Infosys are set for Q4 IT battle with muted industry performance expected. TCS eyes strong growth, while Infosys anticipates recovery in FY25. Margins favor TCS. Market outlook cautious amidst global uncertainty.
TVS Motor crosses Rs 1 lakh crore m-cap as stock jumps 4% to fresh 52-week high
TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal.
ZEEL Q3 Results: Profit more than doubles to Rs 59 crore; revenue falls 3% YoY
ZEEL Q3 Results: Revenue during the December quarter fell 3% YoY to Rs 2,045 crore. The company reported a 43% decline in Q3 EBITDA at Rs 209 crore compared to Rs 366 crore in the same quarter last year.
Piramal Pharma posts Rs 10 crore net profit in Q3FY24
Piramal Pharma Q3 Results: Revenue from operations rose 14% YoY driven by double digit growth across all the three businesses.
Vodafone Idea Q3 Results: Net loss narrows to Rs 6,989 crore on lower finance and operational costs
Operating income stood at an 11-quarter high, backed by growth in its 4G user base for the 10th straight three-month period, with average revenue per user (ARPU) – a key operational metric - rising 2.1% sequentially to Rs145. Arpu was mainly helped by “change in entry level plan and subscriber upgrades", Vi said in its earnings statement Monday.
Vodafone Idea Q3 Results: Cons loss narrows to Rs 6,986 crore; ARPU up 7.4% YoY to Rs 145
Vodafone Idea Q3 Results: Consolidated revenue from operations rose a marginal 0.6% year-on-year (YoY) to Rs 10,673 crore, but it declined 0.4% sequentially. The growth in revenue was supported by improving subscriber mix, 4G subscriber additions and change in entry-level plan, the telecom operator said.
Q3 earnings, global cues, FII flows among 8 factors to set trajectory for D-Street this week
In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.
Rapido's cab-hailing entry; Amazon's Q3 show with overseas push
Ride-hailing platform Rapido, known for venturing into this space with bike taxis, is now testing cabs on its platform. This and more in today’s ETtech Top 5.
Vodafone Idea Q2 Results: Net loss widens to Rs 8,738 crore, revenue growth flat
ARPU (average revenue per user) for the reporting quarter stood at Rs 142, compared with Rs 139 in the previous quarter, showing a sequential growth of 2.1%. ARPU (average revenue per user) for the reporting quarter stood at Rs 142, compared with Rs 139 in the previous quarter, showing a sequential growth of 2.1%.
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