Notwithstanding the 38% rally in three months, global brokerage firm Jefferies has upgraded PSU mining company Coal India after it reported a 12.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended September 2023 to Rs 6,800 crore. “Coal India is trading at a reasonable 6.4x FY25E PE. Its PE contracted from an … Read more
The Nifty50 might have risen 10 per cent in the last six months, but half its constituents are still quoting at valuations below long-term averages. They included , , , Dr Reddy’s Labs and , among others. Many of these stocks are a ‘buy’, with analyst price targets, as per Trendlyne, suggesting 10 per cent … Read more
NEW DELHI: Bucking the increasingly-popular trend of keeping ESG parameters in mind while picking stocks, one of India’s most popular mutual funds – Parag Parikh Flexi Cap Fund – has hiked its stake in PSU stock . Based on the timeless principles of value investing, the mutual fund picked up 5.84 crore shares of the … Read more
MUMBAI: today reported a 21.4 per cent year-on-year fall in its consolidated net profit for the quarter ended December to Rs 3,085.4 crore. The coal miner’s consolidated revenues in the quarter, however, rose 2.1 per cent to Rs 23,686 crore. Analysts had expected the company to report a consolidated net profit of Rs 4,014 crore … Read more