SUNDARAM CLAYTON LTD Q3 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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Would continue to rely on time-tested approach of steady and sustainable growth: Sundaram Finance
Sundaram Finance Ltd maintains its strategy of 'steady and sustainable growth' with strong financial performance, reporting a profit after tax of Rs 300 crore for the October-December 2023 quarter, up from Rs 243 crore in the same period last year. The profit after tax for the nine-month period ending December 31, 2023, also increased to Rs 948 crore from Rs 772 crore in the previous year.
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."
Add defensives to your portfolio over next 6 months: Sunil Subramaniam
“ Given a lot of nervousness in the market, there is a little bit of profit booking and a reallocation of FII money. Buy equities smartly. Add defensives to your portfolio over the next six months. From then onwards, you can shift to a growth-oriented theme. There is no need to reallocate to debt just for this short-term volatility that I see ahead of the equity markets. ”
We expect optimism and confidence to continue through Q3: Rajiv C Lochan, Sundaram Finance
I will just say that we prefer to ensure that we retain the market share that we think we rightfully deserve and where we can extend it a little bit. Our focus tends to be on serving the customer segments as best as possible and ensuring that we are taking care of our people as best as possible.
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.
Sundaram Home Finance Q4 Results: Profit rises 29% YoY to Rs 216 crore
“The demand in the real estate sector continues to be positive. We are confident of continuing our growth trajectory in FY24. Our growth will continue to be driven by expansion in tier 3 and 4 towns this year,” said managing director Lakshminarayanan Duraiswamy
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.
Q2 results this week: Tata Motors, Adani Green, Coal India, Paytm, LIC and more
Tata Motors, Pidilite Industries, Procter & Gamble Hygiene & Healthcare, Star Health and Allied Insurance Company, Godrej Properties, Deepak Nitrite, 3M India, General Insurance Corporation of India, Piramal Enterprises, The Ramco Cements, Finolex Cables, Quess Corp, Balrampur Chini Mills, Gujarat Alkalies & Chemicals, Edelweiss Financial Services, New Delhi Television, Max Ventures and Industries.
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 Q2 results: Net profit falls 8%, but co confident on recovery
Total interest income fell 3 per cent to Rs 1091 crore from Rs 1122 crore a year ago. While impairment costs increased two and a half times to Rs 199 crore from Rs 68 crore a year ago.
SF Holdings Q2 results: Co report 193.3% jump in standalone net profit
The city-based demerged investment arm of the non-banking finance company Sundaram Finance Ltd, reported standalone net at Rs 3.78 crore during corresponding quarter of previous year.
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 Q4 results: PAT jumps 59% to Rs 209 cr
For the year ending March 2021, the company registered a profit after tax at Rs 809 crore compared to Rs 724 crore in the same period last year.
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.
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