Max Healthcare net profit growth down due to higher taxes: Abhay Soi

Max Healthcare net profit growth down due to higher taxes: Abhay Soi

Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward … Read more

InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192

InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192

Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more

Pieter Elbers explains what is driving up IndiGo profitability and double-digit capacity guidance for FY25

Pieter Elbers explains what is driving up IndiGo profitability and double-digit capacity guidance for FY25

Pieter Elbers, Chief Executive Officer, InterGlobe Aviation, says IndiGo is in a unique position globally, to have more than 50 planes being delivered on a yearly basis. So, every week a new plane comes in, which helps them to address the issue of grounded aircraft. IndiGo has taken some additional damp leases, extended some existing … Read more

Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4

Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4

Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more

Oberoi Realty shares jump 9% to new all-time high after 65% increase in net profit. Should you invest?

Oberoi Realty shares jump 9% to new all-time high after 65% increase in net profit. Should you invest?

Shares of Oberoi Realty on Thursday jumped 9% to hit a fresh 52-week high of Rs 1,712.30 after the company reported a 65% year-on-year (YoY) jump in its Q4 profit at Rs 788 crore. The total income of the company rose to Rs 1,558.56 crore in the quarter from Rs 995.11 crore in the year-ago … Read more

Hero MotoCorp’s market cap reaches Rs 1 lakh crore

Hero MotoCorp’s market cap reaches Rs 1 lakh crore

New Delhi: The country’s largest two-wheeler maker Hero MotoCorp’s market cap reached Rs 1 lakh crore for the first time on Tuesday as its stock crossed the Rs 5,000 mark. Hero’s stock has surged 85.42% in the last 12 months and 21.8% so far this year. Investors have been upbeat on the stock on the … Read more

Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa

Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa

Airtel reported a 4.4% rise in its profit before exceptional items and taxes to ₹52.34 billion. File | Photo Credit: Reuters Indian telecom operator Bharti Airtel reported fourth-quarter revenue below expectations on Tuesday, hurt by currency devaluation in Africa. India’s second-ranked telecom carrier by subscribers said consolidated revenue from operations rose 4.4% to ₹375.99 billion … Read more

Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%

Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%

Varun Beverages on Monday reported a consolidated net profit of Rs 548 crore, rising 25% year-on-year (YoY) for the quarter ended March 31, 2024, as compared to Rs 439 crore reported in the year-ago period. The revenue from operations for the reported quarter stood at Rs 4,398 crore which was up by 11.2% YoY over … Read more

Hot Stocks: Brokerages on Escorts & SBI; CLSA downgrades Sula

Hot Stocks: Brokerages on Escorts & SBI; CLSA downgrades Sula

Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an … Read more

NSE stock soars 25% in unlisted market post 4:1 bonus issue

NSE stock soars 25% in unlisted market post 4:1 bonus issue

Mumbai: Shares of the National Stock Exchange surged by more than 25% in the unlisted market this week following a 4:1 bonus announcement last Friday. According to brokers dealing with the unlisted shares, the stock was trading at around ₹4,300-4,400 last week and is currently trading in the ₹5,400-5,800 range. At ₹5,500, NSE is valued … Read more