The 1QFY23 corporate earnings have been healthy so far, despite being a mixed bag with a miss in heavyweights, such as and . The overall earnings growth in 1QFY23 has been subdued and led solely by BFSI, aided by credit cost moderation and healthy loan growth. However, the spread of earnings has been decent with … Read more
Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors and emerging as the biggest gainers amid a positive momentum in equities. Last week, the BSE benchmark Sensex advanced 817.68 points or 1.42 per cent. From the top-10 pack, twins were the only laggards. The … Read more
Mumbai: Profitability of large Indian companies that have announced their first quarter results so far is showing signs of being under pressure. Analysts’ earnings per share (EPS) estimates of Nifty for FY23 have been trimmed by 1.85% to ₹858, mainly due to lower-than-expected results from some of the big companies like and . Excluding the … Read more
A total of 33 Nifty50 companies have reported quarterly earnings, out of which 17 have reported better-than-expected results, seven reported results that failed investors; seven results were a mixed bag while two report cards were in line with Street expectations. in a study of 31 Nifty50 companies said profit for the index constituents rose 12 … Read more
Technical analysts expect the Nifty to test 17,300 in the short term after the index closed above the 17,000-mark for the first time in nearly two months on Friday. The Nifty ended with a gain of 2.6% last week at 17,158.25. If it crosses 17,300, a further upmove towards 17,800 cannot be ruled out, said … Read more
In the BSE500 Index, more than 310 stocks settled in green, whereas 190 stocks settled in red during the week. 17 stocks surged in double digits during the week, following the corporate actions buzz and upbeat Q1 earnings. Source link
rallied more than 9 per cent in the morning trade on Thursday, a day after this NBFC company reported a 159 per cent year-on-year (YoY) growth in the net profit for the quarter ended June 2022. Brokerage firms upgraded the stock post-June quarter results on strong loan growth and improvement in net interest margins (NIMs). … Read more
Indian market started on a firm note on Friday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 inched closer to 16,700 levels in the first 15-minutes of trade. Sectorally, buying was seen in banks, finance, auto, consumer durables, and realty stocks. We have collated stocks from various … Read more
NEW DELHI: Whether you like or not, you can no longer afford to ignore it. Once the butt of all jokes on Twitter and WhatsApp, the cigarette-to-hotels stock has now regained old glory to re-enter the elite top-10 club on Indian stock exchanges. Going by the market capitalisation of all listed companies on BSE, ‘meme … Read more
A sharp correction in crude oil prices, a strong June-quarter business update from and net buying by overseas funds after a long time triggered a relief rally in Indian stocks Wednesday, with the Sensex and the Nifty gaining more than a percent each amid weak Asian markets in the backdrop of mounting global concerns of … Read more