Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others

Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others

Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more

Ambuja Cements to invest $723 million for green power production

Ambuja Cements to invest $723 million for green power production

Image for representation purpose only. | Photo Credit: AP Construction materials maker Ambuja Cements will invest ₹60 billion (nearly $723 million) in renewable power projects, the company said on Dec. 18. The investment will be funded internally and is expected to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in … Read more

Stocks to buy today: 6 short-term trading ideas by experts for 31 October

Stocks to buy today: 6 short-term trading ideas by experts for 31 October

Indian benchmark indices opened with gains on Tuesday maintaining their two-session gaining spree led by gains in bank, auto and IT stocks. The S&P BSE was trading at 64,252.97, up by 140.32 points or 0.22% while the broader Nifty50 stood at 19,179.60, gaining 38.70 points or 0.20%. Meanwhile, banking gauge Nifty Bank traded at 43,188.85, … Read more

L&T, ICICI Bank and Infosys lead on ESOPs. Nifty 12 top deck get richer by Rs 8718 crore

L&T, ICICI Bank and Infosys lead on ESOPs. Nifty 12 top deck get richer by Rs 8718 crore

Mumbai: A staggering amount of wealth was created by the upper echelons of corporate India over the last two years even as tough economic conditions loom large over the payouts of the broader employee base. A total of about ₹8,717.65 crore was potentially made over the last two fiscals by the senior-to-top management of 12 … Read more

5 cement stocks with high EBITDA/tonne delivered up to 37% gains in Q1FY24 – Solid Show!

5 cement stocks with high EBITDA/tonne delivered up to 37% gains in Q1FY24 – Solid Show!

Bajaj Finance. Share Price 7967.60 03:59 PM | 03 Oct 2023 156.86(2.00%) Larsen & Toubro. Share Price 3073.25 03:59 PM | 03 Oct 2023 49.70(1.64%) Titan Company. Share Price 3196.25 03:59 PM | 03 Oct 2023 47.45(1.50%) Bajaj Finserv. Share Price 1561.05 03:59 PM | 03 Oct 2023 20.80(1.35%) Adani Ports & Special Economic Zone. … Read more

Hot Stocks: Brokerage view on UltraTech Cement, Ambuja, L&T and Maruti Suzuki

Hot Stocks: Brokerage view on UltraTech Cement, Ambuja, L&T and Maruti Suzuki

Brokerage firm Macquarie maintained an outperform rating on UltraTech Cement and Ambuja. Jefferies maintained a buy rating on L&T and CLSA recommended a Sell on Maruti Suzuki.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Cement: UltraTech Cement and Ambuja Cements Macquarie maintained an outperform rating … Read more

Ahead of Market: 10 things that will decide D-Street action on Wednesday

Ahead of Market: 10 things that will decide D-Street action on Wednesday

Benchmark equity indices Sensex and Nifty ended almost flat in a see-saw trade on Tuesday as investors traded cautiously, awaiting cues from the US Federal Reserve’s policy stance. Foreign fund outflows and elevated levels of crude oil prices also weighed on investor sentiment, traders said. Nifty ended below 19,700 levels after inching very close to … Read more

High demand, dip in input costs may lift UltraTech margins

High demand, dip in input costs may lift UltraTech margins

On the valuation front, considering its estimated FY25’s earnings, the stock of UltraTech is trading at an EV/Ebitda of 14.4. Synopsis For the past four quarters, margins of cement firms have been largely impacted by high raw material costs. But in the year-to-date (YTD) period in 2023, pet coke and thermal coal prices have fallen … Read more