Mumbai: India‘s benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India‘s larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP’s performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. … Read more
The corporate earnings scorecard for 4QFY24 has been in line so far. The earnings spread has been decent, with 70% of our Coverage Universe either meeting or exceeding profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and … Read more
Hero MotoCorp. Share Price 4684.00 03:59 PM | 22 Mar 2024 164.11(3.64%) Maruti Suzuki India. Share Price 12337.70 03:59 PM | 22 Mar 2024 429.56(3.61%) UPL. Share Price 470.00 03:59 PM | 22 Mar 2024 14.45(3.18%) Apollo Hospitals Enterprise. Share Price 6375.90 03:58 PM | 22 Mar 2024 193.40(3.13%) Sun Pharmaceutical Industries. Share Price 1608.90 … Read more
The country’s top five IT companies have been lagging behind their medium and small counterparts in revenue and profit growth over the past few quarters. Analysts, however, believe that the performance gap is narrowing and the top five are expected to gain amid the rising cost consciousness of clients.The revenue share of 83 Tier-II and … Read more
While the overall outlook for corporate India is promising, short-term volatility cannot be ruled out, given general elections are coming up. Synopsis For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth … Read more
ET Intelligence Group: India Inc delivered strong double-digit growth in net profit in the September quarter, riding a stellar show by automobiles, banking and finance, cement and metal companies with a domestic focus.Revenue expanded in single digits as consumer goods companies faced volume pressure and IT companies continued to struggle for growth.Net profit growth surged … Read more
Mumbai: The initial trend in the second quarter results season is along anticipated lines with double-digit growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters. For a sample of 219 companies, aggregate net profit grew … Read more
Mumbai: Persistent global headwinds exerted pressure on the Indian equities market, which closed lower for the second consecutive day on Thursday. Despite an early dip, the Nifty, however, showed remarkable resilience, rebounding 113 points to conclude the session 46 points down at 19,625. The Sensex, which fell 843 points in the last six trading sessions, … Read more
Mumbai: Fresh capital raised via initial public offerings (IPO) this year has surged to the highest in more than a decade, pointing to the long-awaited revival in capital expenditure by India’s private sector that believes a rapidly expanding economy will soon stretch existing capacities. About half the initial public offerings proceeds of ₹27,435 crore garnered … Read more
Motilal Oswal Financial Services‘ chairman Raamdeo Agrawal, in an interview with Nishanth Vasudevan ahead of its global investor conference, spoke on various topics including markets, politics and popular investment themes. Edited excerpts: What is your reading of the market now? A healthy correction is on. Right now, market trends are a lot dependent on the … Read more