These 26 companies saw over 25% drop in Q3 sales, PAT; are they still worth betting on?

These 26 companies saw over 25% drop in Q3 sales, PAT; are they still worth betting on?

The December quarter show of India Inc though, was broadly in line to slightly better than street expectations, there were exceptions which failed to cheer up investors with good numbers. Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the … Read more

Technical Stock Pick: This PSU banking stock hits fresh record highs in Feb 2024; time to buy or book profits?

Technical Stock Pick: This PSU banking stock hits fresh record highs in Feb 2024; time to buy or book profits?

Indian Bank Ltd, part of the PSU banking space, has rallied more than 60% in the last 6 months which pushed the stock to a fresh record high in February 2024 which suggests that bulls are here to stay. Short-term traders can look to buy the stock now or on dips for a possible target … Read more

Turnaround stars! 7 companies post profits in Q2 after 3-quarter losses, 3 turn multibaggers

Turnaround stars! 7 companies post profits in Q2 after 3-quarter losses, 3 turn multibaggers

The September quarter earnings of companies across market capitalisation was largely better than expected, with a majority of them seeing robust growth in the profitability and bottomline amid easing cost pressures. A steady growth in the topline as well as the operating profit helped some of the companies in the smallcap segment rebound sharply in … Read more

After robust H1, auto cos all set to shine in H2 as well; but which stocks should you bet on?

After robust H1, auto cos all set to shine in H2 as well; but which stocks should you bet on?

Automobile companies have kickstarted the current financial year on a very strong note, as a majority of them reported double-digit growth in both revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of … Read more

5 lucrative sectors to bet on this Diwali season for profits

5 lucrative sectors to bet on this Diwali season for profits

The stock market has historically performed well during the festive season. Typically, increased consumer spending during the Diwali season tends to boost company revenues and profits, which results in higher stock prices. The positive sentiment and overall favorable optimism around the festivities drive investor confidence in the market. This often leads to increased buying and … Read more

HUL says inflation no longer a concern with sales & profits growing 4% in Q2

HUL says inflation no longer a concern with sales & profits growing 4% in Q2

Mumbai: India’s largest consumer goods firm Hindustan Unilever (HUL), considered a proxy for broader consumer sentiment in the country, reported a 4% increase in both net profit and sales in the September quarter, saying the market was gradually recovering as inflation is no longer a concern. This revival, however, is largely led by urban markets, … Read more

Inflation data misleading; wholesalers and government pocketing profits, alleges Congress

Inflation data misleading; wholesalers and government pocketing profits, alleges Congress

A day after the government released data underlining that the Wholesale Price Index-based inflate rate fell to a seven-and-a-half-year low in May, the Congress said the data was misleading and claimed that only wholesalers and the government were benefiting from the falling prices and the benefit was not being passed on to the end consumer. Addressing … Read more

Strong bank, auto results boost Q4 blue­chip profits

Strong bank, auto results boost Q4 blue­chip profits

(This story originally appeared in on May 08, 2023) MUMBAI: It’s been halfway through the results season and the initial set of numbers for the January-March quarter (Q4FY23) show that frontline companies have performed slightly above estimates, with companies from the banking & financial services (BFSI) outperforming companies from other sectors. The 26 Nifty companies … Read more

We expect an improvement in chip situation from second quarter onwards: RC Bhargava, Maruti Suzuki

We expect an improvement in chip situation from second quarter onwards: RC Bhargava, Maruti Suzuki

” I do not think anybody can predict margins going forward in any industry. It is just not possible. There are so many variables which are there and the world today is not a very predictable place. The number of changes and unexpected events which happen are enormous. So I mean, I am not at … Read more

IndusInd Bank posts 58% growth in Q3 profits

IndusInd Bank posts 58% growth in Q3 profits

Mumbai: Private lender IndusInd Bank on Wednesday reported a 58% rise in its December quarter net profit to ₹1,964 crore on the back of strong credit growth and falling provisions. The bank reported profits of ₹1,242 crore in the same quarter last year. The bank has reported a net interest income, or core income, growth … Read more