Yes Bank is expected to report double-digit growth in its March quarter earnings, with net profit rising by 35–44% on a year-on-year basis, according to estimates by a couple of brokerages. The topline could be in the range of Rs 608 crore to Rs 652 crore in Q4FY25. The lender’s Net Interest Income (NII) could … Read more
Samajwadi Party chief Akhilesh Yadav won the Kannauj Lok Sabha seat in Uttar Pradesh on Tuesday by a margin of 1,70,000 votes over his nearest rival and BJP MP Subrata Pathak. According to Election Commission data, Yadav got 6,42,292 votes while Pathak polled 4,71,370 votes. BSP’s Imran Bin Zafar got 81,639 votes. Under Yadav’s leadership, … Read more
“A lot of this is driven through everything we talked about in the last few quarters, the focus on in-account actions, extreme amount of focus on investing in relevant tech solutions, infusing a lot of tech and AI into these solutions to actually create a differentiation,” says Nitin Rakesh, CEO, Mphasis.Meanwhile, Manish Dugar, CFO, Mphasis … Read more
Equities have been the most consistent performer among asset classes across various periods in the past decade. The Nifty has returned 14% annualised returns in the previous 10 years, while gold has gained 7.3%. Gold has, however, caught up with the Nifty in both one-year and five-year periods. Although interest rates have spiked in the … Read more
In addition to these scores, the report also contains trend analysis, peer analysis and mean analysts’ recommendations to help an investor make better & informed investment decisions. Synopsis While nifty last week witnessed minor corrective movement, the overall trend is still bullish and so are the risk levels. In such times, it would be better … Read more
“The Nifty FMCG index is at its peak currently. Many stocks including ITC, Varun Beverages, Britannia, and Nestle are gliding higher especially given that they have delivered good numbers in the quarter gone by,” says Kaizad Hozdar – Investment Advisor, TrustPlutus Wealth. In an interview with ETMarkets, Hozdar said: “After a brutal 2022 when margins … Read more
” I think there is a longer-term challenge to the business. Near-term, of course, the deal gains have been fairly robust. So this year is going to be definitely a challenging year for the IT sector. I think the market has already realized that and has traded it down. What we are looking now is … Read more
The earnings trend will have to sustain not just in this quarter but over the next few years for the markets, says Shibani Sircar Kurian of Kotak Mahindra Asset Management Co. “Some of the key factors to watch out for include trends in discretionary consumption and demand, any improvement in rural demand trajectory and margin … Read more
Aditya Birla Group company UltraTech Cement today reported 38% on-year drop in its consolidated net profit at Rs 1,058.20 crore in the December quarter. Its revenue from operations, however, rose 19.5% YoY to Rs 15,520.93 crore. The company’s operating margin dropped to 15% in Q3 from 19% in the year-ago period but was up 100 … Read more
