Q4 results today: What’s in store for HUL, Axis Bank, Bajaj Finserv, Wipro, LTIMindtree, Tech Mahindra and Laurus Labs?
Nifty companies, including HUL, Axis Bank, and Wipro, are set to announce their fourth-quarter earnings today. HUL is expected to report double-digit revenue growth led by price hikes, while Axis Bank’s bottom line is likely to be dampened due to one-off costs from integrating Citibank India’s business. Meanwhile, Wipro’s revenue growth in constant currency terms […]
Hot Stocks: Brokerages on Bajaj Finance, SBI Life and Maruti Suzuki
Morgan Stanley and JPMorgan have both maintained an overweight rating on Bajaj Finance after its March quarter results. The former predicts a target price of Rs 8,000 and the latter Rs 9,000, citing strong asset quality and growth potential. Goldman Sachs has suggested a buy rating on SBI Life Insurance, with a target price of […]
Stocks to buy today: 9 short-term trading ideas by experts
Indian markets are expected to trade in a narrow range on Thursday following mixed global cues. The Sensex gained over 150 points, and Nifty50 closed above 17800 levels. The India Vix was up by 1.15%, and the maximum call OI is placed at 18000, and the maximum Put OI is placed at 17700. On the […]
ETMarkets Smart Talk: Nitin Raheja of Julius Baer India explains why FIIs can’t ignore India for long
However, as we enter the second half and earnings growth starts catching up the markets would look more attractively priced and could see new highs happen.
TCS, HDFC Bank among 10 stocks that earned upgrades in last 1 month. Check revised target prices
Following the announcement of Q4 results by several companies, a few brokerages have upgraded the target prices on a number of counters in the last one month. These stocks belong to various sectors like IT, banking, FMCG and others. Here’s a list of 10 stocks that earned upgrades in the last one month, according to […]
Big Movers on D-St: What should investors do with KEI Industries, Ipca Laboratories and GSFC?
The Indian market closed higher on Wednesday, with S&P BSE Sensex up over 150 points and Nifty50 above 17800 levels. The buying was seen in realty, capital goods, telecom, and power sectors but selling was visible in metals, oil & gas, energy, and healthcare sectors. KEI Industries stock surged up to 5.78% intraday and GSFC […]
Microsoft’s earnings surge to add record $151 billion in value
The Windows software maker rose as much as 8% Wednesday after reporting strong quarterly results as corporate cloud-computing demand remained resilient. If the gains hold, the company will add $151 billion in market value, the most in the company’s history, according to data compiled by Bloomberg.
Vinod Adani steps down from 3 companies linked to Australia coal mine: Report
These resignations, which haven’t previously been reported, happened just days before the SC ordered a committee to probe if regulators had failed to oversee Adani Group. Meanwhile, Sebi is examining whether some transactions between the group and Vinod were properly disclosed.
Ipca bleeds as Street fears Unichem acquisition a likely earnings drag
Ipca on Monday announced the acquisition of Unichem by acquiring a 33.38% stake from the promoter at ₹1,034 crore. It will spend another ₹800 crore for the mandatory open offer to buy another 26% stake of Unichem’s minority shareholders.
Sebi puts trustees of VC funds on notice over investment lapses
Even though trustees have no role in the day to day functioning of VC and alternative investment funds (AIFs), the regulator seems to be taking a stance where trustee companies should play a more active part in stepping in to prevent oversight, violations, and slip-ups by fund managers.