Q2 results this week: ICICI Bank, ITC, Bajaj Housing Finance, Zomato among 182 companies to announce earnings

Q2 results this week: ICICI Bank, ITC, Bajaj Housing Finance, Zomato among 182 companies to announce earnings

The second quarter earnings season is underway and as many as 182 companies will declare their results this week. Some of the marquee names include ICICI Bank, YES Bank, ITC, Bajaj Housing Finance, HUL, Ultratech Cement, Bajaj Finance, Bajaj Finserv, IndiGo, Paytm, and Zomato among others. Here are the key earnings to watch out next … Read more

Is there value and scope for outperformance in HPCL, BPCL & IOC? Dipan Mehta answers

Is there value and scope for outperformance in HPCL, BPCL & IOC? Dipan Mehta answers

Dipan Mehta, Director, Elixir Equities, says HPCL, BPCL & IOC are great trading stocks and you could get 15-20-30% return in a few weeks if you get the timing right. But from a longer-term perspective, I am not so sure. End of the day, there is a great deal of volatility in their earnings despite … Read more

Paytm Q1 results preview: Revenue may fall by up to 36%, net loss likely to widen

Paytm Q1 results preview: Revenue may fall by up to 36%, net loss likely to widen

One 97 Communications which operates payments platform Paytm, is expected to report a net loss between Rs 1,013 crore and Rs 840 crore for the quarter ended June 2024 according to estimates by a couple of brokerages. The revenue for the reporting quarter is expected in the range of Rs 1,532 crore and Rs 1,490 … Read more

Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings

Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings

This week, 418 companies will release their June quarter earnings, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platforms, Tata Technologies, and YES Bank. Here’s the list of major companies that will announce their Q1 results this week: July 15Jio Financial Services, … Read more

Softbank exits Paytm at loss of around $150 million

Softbank exits Paytm at loss of around 0 million

New Delhi: Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around USD 150 million, sources aware of the development said. Softbank invested about USD 1.5 billion in One97 Communications — the owner of Paytm brand — in tranches in 2017. “Softbank has exited Paytm at … Read more

Morgan Stanley sees 7-35% upside for new-age stocks

Morgan Stanley sees 7-35% upside for new-age stocks

Brokerage Morgan Stanley remains bullish on new-age businesses like Zomato, Policy Bazaar, Nykaa, Paytm and Delhivery, despite the recent jump in the stock prices. The firm sees up-move of 7% to 35% in these stocks. “We see macro factors aligning (multiple re-rating for growth stocks in India and other regions, tight PE/VC money keeping the … Read more

Inclusive growth should be priority of government: Vijay Shekhar Sharma, Paytm

Inclusive growth should be priority of government: Vijay Shekhar Sharma, Paytm

Vijay Shekhar Sharma, MD, Paytm, says economic growth will be reaching every nook and corner and every village and place and that should be the priority. “That is what I believe the next government should be focused on,” he says.How has been the overall experience in terms of carrying out your business, the last government … Read more

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more