SUNDARAM CLAYTON LTD Q1 RESULTS
![Radhakishan Damani-linked entity buys 43 lakh shares of smallcap, stock zooms 16%](https://img.etimg.com/thumb/msid-110761717,width-100,height-75,resizemode-4/markets/stocks/news/radhakishan-damani-linked-entity-buys-43-lakh-shares-of-smallcap-stock-zooms-16.jpg)
Radhakishan Damani-linked entity buys 43 lakh shares of smallcap, stock zooms 16%
Bhagiradha Chemicals shares were bought at Rs 188.49 per share via a bulk deal on Tuesday. Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group as per the latest shareholding data available with the exchanges.
![Sundaram Home Finance Q4 results: Net profit at Rs 57 cr; disbursements breach Rs 5,000 cr](https://img.etimg.com/thumb/msid-110226481,width-100,height-75,resizemode-4/markets/stocks/earnings/sundaram-home-finance-q4-results-net-profit-at-rs-57-cr-disbursements-breach-rs-5000-cr.jpg)
Sundaram Home Finance Q4 results: Net profit at Rs 57 cr; disbursements breach Rs 5,000 cr
Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance has reported a net profit of Rs 57 crore for the January-March 2024 quarter, the company said.
![Q4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech](https://img.etimg.com/thumb/msid-109852640,width-100,height-75,resizemode-4/markets/stocks/news/q4-results-this-week-sbi-tata-motors-lt-asian-paints-tvs-motor-and-pb-fintech.jpg)
Q4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy's Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Here’s a list:
![Bunge Q1 Results: Profit falls on weaker agribusiness results, shares drop](https://img.etimg.com/thumb/msid-109570128,width-100,height-75,resizemode-4/markets/stocks/earnings/bunge-q1-results-profit-falls-on-weaker-agribusiness-results-shares-drop.jpg)
Bunge Q1 Results: Profit falls on weaker agribusiness results, shares drop
Agricultural commodities trader Bunge Global reported a smaller-than-expected decline in first-quarter profit on Wednesday as good oilseed processing results in Europe and Asia blunted the impact of weaker grain trading margins.
![Is the trial by fire over? 6 NBFC stocks with strong parent companies, 4 with upside potential of up to 35%](https://img.etimg.com/thumb/msid-109400021,width-100,height-75,resizemode-4/markets/stocks/news/is-the-trial-by-fire-over-6-nbfc-stocks-with-strong-parent-companies-4-with-upside-potential-of-up-to-35.jpg)
Is the trial by fire over? 6 NBFC stocks with strong parent companies, 4 with upside potential of up to 35%
Probably NBFC is the only sector,which has produced both, the best and the worst. Best of the wealth creators like Bajaj finance and worst of the nightmare for shareholders like DHFL. Why can only the NBFC sector throw such divergent companies ? There is a good reason for it, probably the cleanup which RBI has been doing for the last few months is once again reinforcing that it is the parent company and the discipline which the promoters follow which matter the most. As it happens with other sectors, even in this space, once the clean up and trial by fire is over, new winners will emerge both on the business side and on stock price performance.
![ETMarkets AIF Talk: Vikaas M Sachdeva shares framework for identifying future multibaggers in 4-5 years](https://img.etimg.com/thumb/msid-109108811,width-100,height-75,resizemode-4/markets/expert-view/etmarkets-aif-talk-vikaas-m-sachdeva-shares-framework-for-identifying-future-multibaggers-in-4-5-years.jpg)
ETMarkets AIF Talk: Vikaas M Sachdeva shares framework for identifying future multibaggers in 4-5 years
Vikaas M Sachdeva of Sundaram Alternates discusses equity funds' growth potential, embracing quality indices over value. Sundaram's diverse funds show strong performance, focusing on high returns while prioritizing risk management and unexplored market opportunities for investors. Sachdeva says that while value indices tend to experience steeper corrections and prolonged underperformance, quality indices offer better risk-adjusted returns over time.
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ETMarkets Fund Manager Talk: Markets overestimating earnings momentum in mid & smallcap companies, warns this Rs 7,500-crore fund manager
Madanagopal Ramu says: "In the long-term, investing in selective quality mid and small caps which fall in the emerging sectors or segments of the economy are always the best way to generate alpha. Investing in selective mid and small businesses operating in sectors which contribute India growth story and manage to generate sufficient spread in the business are better way to invest in the mid and smallcap segment."
Market will touch new highs before election; where to park money? Sunil Subramaniam answers
Sunil Subramaniam says he has a 40% allocation in defensives, including FMCG, IT, pharma and a 60% allocation in cyclicals, “where I put in capital goods, discretionary consumption including auto and housing, into the bucket. So, a 40-60 allocation.” He also says before election, "tilt towards inflation management and consumption will be key drivers in the stock market also."
Amazon Q2 preview: investors eye revenue, cloud growth and retail margins
Investors want to know how Amazon Web Services (AWS), the company's cloud provider, stands up against Microsoft and Google's, which both on Tuesday reported slowed growth in their cloud businesses.
Sona BLW Precision shares slip over 5% amid block deal buzz
Shares of Sona BLW Precision Forgings (Sona Comstar) fell over 5% to Rs 505.2 in Wednesday's trade amid reports of a large block deal executed on the counter. The promoter Aureus Investment was likely to sell a 3.25% stake in Sona BLW Precision Forgings via a block deal. In Q4FY23, the company reported a strong revenue of Rs 744 crore with 35% YoY growth, while the revenue share from Battery Electric Vehicles (BEV) stood at 28%, a growth of 37% YoY.
Surfing the internet! How domestic fund houses played with new-age stocks in April
Domestic fund houses have increased their stakes in most of the new-age internet stocks during the month of April. These funds have aggressively shopped for Delhivery, Nykaa and Zomato. Delhivery is among the prominent additions of both Franklin Templeton Mutual Fund and SBI Mutual Fund. While Franklin added Delhivery stock worth Rs 99 crore, SBI Mutual Fund bought shares worth Rs 449 crore. Domestic funds have raised their combined stake by 5.
4 MFs cut stake in ITC in April even as stock surged. What should investors do?
Four domestic fund houses have reduced their exposure to ITC, one of the top holdings of many mutual funds, in April, despite the stock hitting all-time highs. Nippon India MF sold a stake worth INR157cr ($21m) in the FMCG conglomerate, while ICICI Pru MF has offloaded stocks worth INR426cr. SBI Mutual Fund and Tata Mutual Fund sold shares worth INR376cr and INR118cr, while only Sundaram Fasteners MF has added a stake worth INR43cr. Overall, mutual funds combined have decreased their holdings in ITC by 6.1 million shares.
Amazon's cloud warning rattles investors
Amazon, one of the largest companies in the world by market capitalization, is on track to shed about $50 billion from its valuation of $1.126 trillion, if losses hold.
Amazon's cloud warning set to erase nearly $60 billion in value
The company, one of the largest in the world by market capitalisation, is on track to shed about $60 billion from its valuation of $1.126 trillion, if losses hold.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
A reasonable negative candle was formed on the daily chart, which indicates a range movement with weak bias for the market.
Q3 results this week: Axis Bank, Maruti Suzuki, Tata Motors, Bajaj Finance, NTPC and more
Axis Bank, IDBI Bank, Canara Bank, Container Corporation of India, Tata Communications, Syngene International, Gland Pharma, Poonawalla Fincorp, KEI Industries, Jindal Stainless, HFCL, Craftsman Automation, Route Mobile, Supreme Petrochem, Amber Enterprises India, Gravita India, Sagar Cements, IIFL Securities, TCFC Finance, Jai Mata Glass are among a host of companies that will announce earnings on Jan 23.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
The tech-heavy Nasdaq led Wall Street's main indexes higher on Tuesday as data providing further proof of cooling inflation boosted bets of smaller interest rate hikes by the Federal Reserve.The Labor Department's producer prices index rose 8% in the 12 months through October, lower than an estimated 8.3% rise, according to a Reuters poll of economists.
Diwali Picks: 5 themes Neeraj Chadawar is betting on for Samvat 2079
“We believe that the FMCG space provides a greater margin for safety and one could make 12-15% from current level also and that is under our consumption space. Under consumption, we also like the QSR space. It is a very good category which has delivered superior returns in the last couple of years and we are betting on Westlife Development under the QSR.”
Buy Sundaram Finance, target price Rs 2490: Axis Securities
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1252.67 crore, down 3.24 per cent from last quarter total income of Rs 1294.57 crore and down 0.76 per cent from last year same quarter total income of Rs 1262.32 crore.
SF Holdings Q1 Results: Consolidated profit at Rs 41.14 crore
In a statement, the company said at the board meeting held on August 3, the Chairman of the Board, T T Srinivasaraghavan has relinquished his office and Harsha Viji succeeded him. Ananth Ramanujam was inducted as an additional director of the Board.
Corporate Radar: Avadh Sugar, REC to turn ex-dividend; HCL Tech Q1 results & more
Shares of Steel Exchange India will go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10. The board of HCL Tech will meet today to consider the 2nd interim dividend. Pioneer Embroideries and Alka Securities will have their annual general meetings (AGM) today.
Corporate Radar: Titan to turn ex-dividend; TCS Q1 results; Havells India AGM & more
Tata Consultancy Services, MMTC, Kohinoor Foods, Shrenik, Brahmaputra Infrastructure, Morarka Finance and Spectrum Foods are among companies that will announce their quarterly earnings today.
Sundram Fasteners Q3 Results: Firm posts cons net profit at Rs 110 cr
For the nine month period ending December 31, 2021 consolidated profit grew to Rs 354.40 crore from Rs 221.91 crore registered in same period previous fiscal.
Sundaram Finance Holdings Q1 results: Net profit soars 80% to Rs 5 cr
Revenue during the quarter under review grew to Rs 10.50 crore from Rs 9.30 crore registered in the corresponding quarter previous year, a company statement said here.
Sundaram Finance Q3 results: Net profit rises 45% to Rs 242 cr
The net profit of the non-banking finance company stood at Rs 242 crore compared to Rs 167 crore in the corresponding period last year.
Sundaram Finance Q2 results: Net profit at Rs 192 crore
"The net profit of Q2 of the previous year includes one- time income of Rs 53 crore.Hence the profit for the current quarter is not comparable with that of the previous year", a company statement said here.
Sundaram Finance Q4 results: Posts net profit at Rs 131 crore
The non-banking financial company's net profit in the corresponding quarter of the previous financial year had stood at Rs 675 crore.
Sundaram-Clayton Q4 results: Profit jumps 23% to Rs 62 crore
The city-based TVS Group company had registered net profits at Rs 50.27 crore during corresponding quarter previous year.
Sundaram Finance posts Rs 269 crore Q2 profit
Profit includes an one-time income of Rs 53 crore and the benefit of lower corporate taxes.
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