Stock market today: After an extended weekend due to the stock market holiday on Monday, the Indian secondary market is expected the follow the global market sentiments. Dalal Street is expected to react after the profit-booking trigger in the US stock market. The US stock market took a breather as most of the major indices … Read more
Nomura on IT Buy Call On Tech Mah In Large-caps Buy Call On Coforge, Birlasoft & eClerx In Midcaps Reduce Call On TCS, WPRO, LTIMindtree, L&T Tech & Mphasis Accenture Cuts FY24 Revenue Growth Guidance Cut To +1-3% Y-Y Guidance Cut On Delayed Decision-Making & Weak Discretionary Spends Retain Cautious Stance As Discretionary Revival Still … Read more
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Jefferies on Bharti Airtel Buy Call, Target Rs 1,300 Focus On Driving A Steady, Organic Increase In ARPU Steady, Organic Increase In ARPU Via Improving Subscriber Mix & Better Monetisation There Is Clear Headroom For Tariff Increases But Timing Of Tariff Hikes Remains Uncertain Higher Tariffs Will Be Key For 5G Monetisation And Improving ROCEs … Read more
Time Technoplast has received an approval from the Petroleum and Explosives Safety Organization (PESO) for the manufacturing of High Pressure Type-IV Composite Cylinder, Prototype, for Hydrogen. “The authority has advised us to manufacture first lot of cylinders for its joint testing and inspection. The testing of one per cent lot of cylinders will be completed … Read more
The Centre has granted its approval to insurance major LIC for a wage revision for its employees, effective August 1, 2022. The pay has been revised upwards by 17 per cent. The US has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may … Read more
ITC: British American Tobacco, the largest public shareholder of the company, has launched a block trade to offload up to a 3.5% stake in the company for over Rs 17,482 crore. * Vedanta:* The Securities Exchange Board of India ordered the company to pay Rs 77.62 crore to Scottish explorer Cairn for delay in payment … Read more
Ex-Dividend 23 February 2024 (Tomorrow) Last date for Cum-Dividend Today Aegis Logistics Ltd. Dividend Per Share Rs.2 Previous day Closing Price – Rs. 452.05 Bharat Forge Ltd. Dividend Per Share Rs.2.5 Previous day Closing Price – Rs. 1124.05 BLS International Services Ltd Dividend Per Share Rs.0.5 Previous day Closing Price – Rs. 378.95 Bosch Ltd. … Read more
Recent Interviews As of 17:54 PM Tuesday 20 February 2024 Balaji Amines: D Ram Reddy, MD Balaji Amines Subdued Q3 Brigade Ent: Pavitra Shankar, MD We Will Continue To Invest In Land & New Projects: Brigade Enterprises Deepak Nitrite: Maulik Mehtav, CEO Key Levers For Growth; Uptick In Margins Likely? Five Star Business F: Srikanth … Read more
Stock market today: On account of the participatory rally in majority segments, the Indian stock market ended higher for the fifth straight session. The Nifty 50 index hit a new high of 22,186 before ending at 22,122 level. The BSE Sensex shot up 281 points and closed at the 72,708 mark while the Bank Nifty … Read more
IRCTC Q3 FY24 (Consolidated, YoY) Revenue up 21.81% at Rs 1,118.3 crore vs Rs 918.06 crore (Bloomberg estimate: Rs 1,069.78 crore). Ebitda up 20.92% at Rs 393.97 crore vs Rs 325.8 crore (Bloomberg estimate: Rs 377.03 crore). Margin narrows 25 bps to 35.22% vs 35.48% (Bloomberg estimate: 35.20%). Net profit up 17.4% at Rs 299.99 … Read more