SBI Life Q4 profit rises 15% YoY to Rs 777 cr, misses estimates
Net premium income for the reporting quarter jumped 14% to Rs 19,897 crore as against Rs 17,434 in the year-ago period
Axis Bank Q4 preview: Citi integration costs may drag bottomline, margin outlook eyed
Axis Bank’s Q4 earnings are expected to be impacted by the one-off costs due to the integration of Citibank India’s business, leading to net losses, according to some analysts. The estimated net loss ranges from INR 54.12bn to INR 55.26bn, while others have excluded the integration costs from their calculations. The bank’s strong core performance […]
Tech View: Nifty reaching towards key resistance of 17,863. What should traders do on Thursday expiry
The Nifty is moving towards the key resistance level of 17,863, a break of which could lead to significant gains, according to Nagaraj Shetti of HDFC Securities. Kunal Shah of LKP Securities advised traders to keep a buy stance and expect targets of 18,000/18,200 in the short term. Sharekhan by BNP Paribas’s Jatin Gedia said […]
We are looking at becoming carbon neutral by 2050: Neeraj Kanwar, Apollo Tyres
I am again very optimistic about Europe, given that we are a very niche player. We are targeting markets where we are less than 2% market share; France, Italy, Spain and UK are the four countries that there is clear focus as far as Apollo in Europe is concerned.
Momentum Pick: ICICI Bank to surpass 52-week high; 27% upside seen over long term
ICICI Bank has outperformed BSE Sensex, Nifty50 and banking indices Nifty Bank and BSE Bankex, registering over 21% returns over the past 12 months amid robust Q4 earnings and technical triggers. According to Rajesh Palviya, VP of Technical and Derivatives Research at Axis Securities, the stock is in a strong uptrend across all time frames, […]
Nestle’s highest revenue growth in the decade surprises Street. Should you buy, sell or hold?
“We upgrade our EPS est. by 3-4% and roll over to Mar-25. At ~65x 1-year forward EPS, Nestle trades higher than 5-year average and remains the most expensive staples stock in our coverage; we retain Hold with a revised target price of Rs 19,300 (was Rs 18,100),” said Jefferies in a post earnings note.
S&P Global Ratings raises long-term credit ratings on Tata Motors to ‘BB’ from ‘BB-‘
Tata Motors cash flow should strengthen over the next 12-18 months on improving operating conditions in India and at its 100 per cent subsidiary, Jaguar Land Rover Automotive PLC (JLR), S&P Global Ratings said in a statement.
We will focus on expanding our footprint and innovation in ready to drink biz: Sunil D’Souza, Tata Consumer Products
So, apart from aggressive store opening we will also have these four parameters play out in a significant number of stores and we do expect again a very high double digit for Starbucks as well.
How will Bajaj Fin, Maruti, HDFC Life, SBI Life and L&T Tech fare in Q4?
India’s corporate earnings season focuses on Nifty heavyweights Bajaj Finance, Maruti Suzuki, HDFC Life, SBI Life, and L&T Tech. Maruti Suzuki is expected to post a 22% YoY and 12% sequential growth, along with 41% YoY profit growth. Bajaj Finance is predicted to show a 30% YoY growth in consolidated net profit with SBI Life […]
Fosun drops plan to sell stake in Gland Pharma: Report
Shares of Gland Pharma were up 0.8% at 1,360 rupees as of 9:50 a.m. IST. They have plunged 28% since November end, when Bloomberg News had reported, citing sources that Fosun Pharma was considering a sale of Gland Pharma after receiving interest from potential buyers.