MK Surana, Former CMD, HPCL, says crude below $80 and the cracks at $13 for HSD and $11 for MS, make OMCs well placed on overall setup. Also, many of these OMCs are going on a new path. OMCs are in a stage where there is a growth potential with a surety of the existing … Read more
Hindalco Industries, the Aditya Birla Group‘s metals flagship company, is likely to post muted revenues even though profitability is expected to edge higher. The company will announce its fourth quarter results later today. Revenue from operations during the January-March 2024 period is likely to decline up to 6% year-on-year, while profit growth is seen up … Read more
“Our allocation to new private companies in 2022 was zero and this year however we are making progress, we are doing diligence,” says Vikas Pershad, M&G Investments.I am going to now jump from IT to the fancied IT names all these new age tech companies. I recall your comment that you were not as smart … Read more
Amsterdam: Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70 per cent of its market value. Half of the job cuts will be made this year, the company said, adding that the other half will be realised … Read more
“There is no question related to the demand situation for next two-three quarters as there are supply side constraints impacting but despite all this adverse situation company’s profitability will improve in Q3 and interestingly semiconductor issue also seems to be now slowly getting much better,” says Mitul Shah, Reliance Securities. The street seems to be … Read more
Most world equity markets in 2022 have given negative returns. MSCI World index is down ~20%, NASDAQ down over ~30%, China ~25% and India in dollar terms ~10%. Key reasons being (a) Prolonged on-going war; (b) Sharply rising Interest rates; (c) Sticky Inflation rates (which have finally started falling); (d) Reducing liquidity. However, a lot … Read more
Mumbai: Profitability of large Indian companies that have announced their first quarter results so far is showing signs of being under pressure. Analysts’ earnings per share (EPS) estimates of Nifty for FY23 have been trimmed by 1.85% to ₹858, mainly due to lower-than-expected results from some of the big companies like and . Excluding the … Read more