MRF Q4 Results: Profit surges 86% YoY to Rs 313 crore; Rs 169/share dividend declared
Its consolidated revenue from operations stood at Rs 5,841.7 crore in Q4 FY23, up 10.12% YoY as compared to Rs 5,304.8 crore in Q4 FY22.
US Fed meet outcome today: Will Powell open gates for Nifty bulls?
The US Federal Reserve is expected to raise interest rates for the third consecutive time later today, with traders predicting a 84% chance of a 0.25% rate hike. The increase would take the Fed’s target range to 5.00-5.25%, although inflation is still far from the 2% target. Investors are looking for a signal from Fed […]
No fly list: 7 Indian airlines that failed before Go First
Wadia group-owned Go First on Tuesday filed an application for voluntary insolvency resolution proceedings before the NCLT.
Q4 results today: What’s in store for Titan, Adani Wilmar, MRF, Havells and Godrej Properties
Titan is expected to report a profit growth between 26-34% YoY for Q4 of FY21, driven by favourable base and strong jewellery demand during wedding season. Revenue is likely to grow from 25-29%, and EBITDA margins are set to expand while jewellery, watch, and eyewear segments are expected to have EBIT margins of 11.7%, 10.1%, […]
Hot Stocks: Brokerage view on Indigo, ACC, Ambuja Cements, Cyient and Ramkrishna Forging
Credit Suisse has given an outperform rating for InterGlobe Aviation, with a target of Rs 2450, based on “GoFirst filing for bankruptcy can benefit Indigo in many ways”. On the other hand, JPMorgan maintains a neutral rating on ACC and Ambuja Cements and reduces the target prices. It sees the large capacity addition guidance as […]
Stocks to buy today: Axis Bank, Biocon among top 6 short-term trading ideas for 3 May 2023
On Wednesday, Indian markets are predicted to consolidate, following subdued global cues. The S&P BSE Sensex grew beyond 200 points on Tuesday, while the Nifty50 reached levels above 18100. Option data suggests a trading range from 17700 to 18500 zones, with an immediate range of 17900 to 18300 zones, with Nifty recommended to remain above […]
Big Movers on D-St: What should investors do with Welspun India, RVNL and Safari Industries?
Indian markets closed for the eighth consecutive day in the green on Tuesday, with the Sensex up more than 200 points and the Nifty50 above 18100 levels. The infrastructure, metals, power, utilities, and oil & gas sectors saw buying, while selling was visible in telecom and FMCG. Welspun India rose more than 15%, RVNL closed […]
Street gets clear signal with government’s rail infra push, PSU stocks rise
State-owned railway firms, including Rail Vikas Nigam (RVNL), Indian Railway Finance Corp. (IRFC), and Ircon International, extended their gains on the bourses on Tuesday amid expectations of increased capital expenditure on railway infrastructure in India. The rise in railway shares reflects the expansion of the sector through projects including electrification, new lines, and signalling.
No impact of ESMA move on local bond trading
The de-recognition by European regulators of the Clearing Corporation of India (CCIL) did not cause any disruptions in government bond trading on Tuesday as national regulators of foreign banks have offered concessions on the matter. The CCIL houses the trading platforms for sovereign bonds and derivatives. Yield on the 10-year benchmark bond eased 3 basis […]
Money market volumes surge 35% in FY23 on strong credit demand
“In FY22, for the larger part of the year, the economy was struggling with Covid. In FY23, we saw a significant improvement in the operating environment and the requirement of working capital, which went up significantly due to high commodity prices,” said Soumyajit Niyogi, director, India Ratings and Research. Higher credit demand from the real […]