With the fourth quarter earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal … Read more
A plethora of companies are scheduled to release their quarterly earnings on Tuesday, and topping the list are Nifty 50 majors Bharti Airtel, Larsen & Toubro, and Tata Consumer Products. Indian Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson … Read more
The fourth quarter earnings season is in the last leg and the Street is awaiting numbers from some of the top PSU companies and other index heavyweights including Airtel and ITC. Indian Oil, ITC, IndiGo, SBI, Zomato are among a slew of companies that are set to announce their fourth quarter results. So far, results … Read more
“We have already received orders for Rs 2400 crores and some major orders we are in discussion with and we are likely to get them very shortly,” says PK Gupta, CMD, NBCC.January orders were at Rs 194 crores for the month of Jan. They are seeing a dip in the last three months. What may … Read more
The underperformance of broader indices continued for another week. Technical analysts are, however, expecting a pre-Budget rally with a weak dollar and India VIX below 15 levels. If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, , , Persistent, ONGC, , … Read more
I would not fall into the trap of trying to predict the market especially in the short term as we saw that till about last week we were consistently hitting 52-week highs and now we have seen a bit of a correction says Kunj Bansal, Investment-illiteracy.com. What is your outlook on the markets. What do … Read more
While rating agency Fitch Ratings expects petroleum demand growth to pick up to 7-8 per cent in FY23 from 5 per cent in FY22, gross refining margins are seen declining. “Fitch expects core gross refining margins (GRMs) to moderate from the highs of 1QFY23 but remain close to mid-cycle levels in 2HFY23, benefitting from supportive … Read more
The rupee has dropped nearly 7% against the US dollar in the year to date, falling to a low of Rs 79.96 to a dollar last week and even breaching the psychological 80-mark in the over-the-counter and derivatives markets. Nomura expects INR to fall to `82 in the third quarter of this calendar year. In … Read more
Mumbai: Investors combing through the market for potential winners could consider some of the stocks that are trading at or below the actual value of the companies, said analysts. Out of the stocks on the NSE500 Index, 80 are currently trading below their book value following the sell-off in the market. Further, 40 stocks from … Read more
Last week, when India’s 3rd largest refiner decided to sell a large chunk of its treasury stocks in the market, the brisk response from institutional investors prompted the company and its bankers to upsize the issue to Rs 5,525 crore ($750 million) from the plan initial of $500 million. Within 12 hours, 126 million shares … Read more