Chandraprakash Padiyar, Senior Fund Manager, Tata Mutual Fund, says he belongs to the camp which says that businesses in India continue to do well. There are some pockets of businesses which have slightly lower growth or profit margin impact but coming to largecaps, it is mainly banks and they continue to do extremely well. There … Read more
Amid weak global cues and cautious March quarters earnings, Indian equity indices remained in the red last week. However, on Friday, Reliance Industries and ICICI Bank results matched the expectation of the analysts. The BSE Sensex index ended 847 points or 1.40% lower at 59,538, while Nifty50 fell 204 points or 1.14% at 18,828 last … Read more
“The correction in valuations presents a good opportunity to invest and accumulate businesses that pass the Darwin test – survived and thrived over time and have significant MOATs,” says Jayesh Faria, Associate Director, Regional Head- West, Motilal Oswal Private Wealth. In an interview with ETMarkets, Faria said: “Sustained slowdown in India, as well as the … Read more
The new financial year for Dalal Street is set to start with aplenty uncertainties, especially on the global front. On the domestic front, while growth prospects remain strong, concerns around inflation persist. These factors are set to have an impact on the earnings growth of India Inc in FY24, said experts. A majority of analysts … Read more
NEW DELHI: Share of industrials in the aggregate profit hit a decadal high of 46 per cent while that of financials also jumped to over a quarter, suggests study based on trailing12-month corporate earnings of top 1,000 companies by market capitalisation. As per the study, the aggregate trailing 12-month corporate profits (excluding loss makers) of … Read more
NEW DELHI: Amid what has so far been a mixed scorecard for India Inc’s fourth quarter earnings, companies in the healthcare space are likely to report weak numbers in the last quarter due to a combination of factors, Nomura said. The headwinds for the sector include a slowdown in domestic formulation and seasonal weakness, persistent … Read more
MUMBAI: today reported a net loss of Rs 1,047 crore due to a sharp rise in provisions for bad loans in the quarter and deterioration in asset quality on a reported basis. Analysts had expected the state-owned bank to report a net profit of Rs 1,042.6 crore for the reported quarter. The bank’s provisions for … Read more
MUMBAI: today reported a surprise consolidated net loss of Rs 7,605.4 crore for the quarter ended March due to a large write off related to subsidiary Jaguar Land Rover. Analysts had expected the automaker to report consolidated net profit of Rs 3,367.3 crore for the quarter. In the year-ago quarter, the company had reported a … Read more
MUMBAI: “We are very excited about the future,” SN Subrahmanyan, Chief Executive Officer of Larsen & Toubro, declared with a level of certainty that may be hard to find at a time when most of the country has been shrouded in the gloom unleashed by a severe second wave of the Covid-19 pandemic. At the … Read more