Global brokerage firm CLSA maintained an underperform rating on , a buy call on and an outperform rating on post Q2 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Asian Paints: Underperform | Target Rs 3425 CLSA maintained an underperform rating on Asian Paints … Read more
Shares of IT services provider rose as much as 2.7% to Rs 963.8 in intra-day trade on Wednesday, ahead of its second-quarter results later in the day. After two quarters of steep erosion in profitability, HCL Technologies is likely to have seen some improvement in margins during the quarter ended September due to lower operating … Read more
Various widely tracked companies like TCS, , Infosys, and would be releasing their September quarter report cards this week. Here’s a list: October 10 TCS, , JTL Infra October 11 , October 12 HCL Technologies, Wipro, National Standard, , Nxtdigital October 13 Infosys, Mindtree, Angle One, , Cyient October 14 Bajaj Auto, , , October … Read more
NEW DELHI: Reliance Retail reported a 74 per cent growth in net profit in the second quarter of the current fiscal year to Rs 1,695 crore compared to Rs 973 crore for the same quarter last year, the company said on Friday. The company said its revenue for the July-September months was up to Rs … Read more
MUMBAI: Mid-tier IT services company Larsen & Toubro Infotech (LTI)’s consolidated net profit rose 20.8 per cent year on year to Rs 551.7 crore for the fiscal second quarter, while consolidated revenue from operations grew 25.6 per cent to Rs 3,767 crore. Sequentially, net profit improved by 11 per cent while revenue grew 8.8 per … Read more
MUMBAI: Tata Consultancy Services’ underwhelming earnings on Friday had shook the faith of several investors in the IT growth story, however, ’ numbers today should assuage those concerns going ahead. The Bengaluru-based company reported better-than-expected revenues and net profit for the quarter ended September as its juggernaut rolls on. The company’s consolidated net profit rose … Read more
PUNE: Mid-size IT services firm reported a net profit of Rs 398.9 crore for the quarter ended September 30, 2021, up 57.2 per cent. The company’s revenue was up 34.3 per cent to Rs 2586.2 crore. In dollar terms, net profit was up 57.3 per cent at $54 million and revenues were up 34.1 per … Read more
New Delhi: Domestic telecom gear maker HFCL on Monday posted a 61.18 per cent jump in its consolidated net profit to Rs 85.94 crore in the September quarter. The company had posted a profit of Rs 53.32 crore in the corresponding period a year ago. The consolidated revenue of HFCL during the second quarter of … Read more
NEW DELHI: A record net profit, an improvement in asset quality, a fall in sequential provisioning, recovery in disbursements to pre-Covid levels, soft NIM and increase in mobile transactions were some of the key highlights of ICICI Bank‘s September quarter results. Record profitWhile a multifold jump in profit in ICICI Bank’s September quarter results was … Read more
NEW DELHI: Hero MotoCorp on Wednesday reported a standalone net profit of Rs 953.45 crore in the quarter ended September, registering an increase of 8.99 per cent. The company reported a profit of Rs 874.80 crore in the year ago quarter. Analysts in an ET Now poll had projected a net loss of Rs 990 … Read more