Ultratech Cement Q1 preview: Double-digit volume growth to boost revenue up to 18%
The revenue is seen growing up to 18% year-on-year, while the estimates are mixed on the profit front. While some analysts are expecting a profit growth up to 18% YoY, others see a decline up to 7%.
Ahead of Market: 10 things that will decide D-Street action on Friday
Indian equities rallied to a record high on the back of positive Q1 earnings from some counters and strong global cues. However, on Friday, the market may be influenced by Infosys. Market analysts believe if the index fails to surpass the 20,000 level, investors may engage in profit-taking.
Breakout Stocks: How Suzlon, PNC Infratech and Polycab India are looking on charts for Friday’s trade
Sectorally, buying was seen in FMCG, banks, healthcare, and energy stocks while some profit-taking was seen in IT, power, and capital goods stocks. Stocks that were in focus include names like Suzlon Energy, which rose 5%, PNC Infratech closed nearly 2% higher and Polycab India closed with gains of over 9% on Thursday.
Jaguar Land Rover appoints Adrian Mardell as CEO
Adrian Mardell has been appointed as Chief Executive Officer (CEO) of Jaguar Land Rover (JLR), extending up to a term of three years. The company also appointed Richard Molyneux as the CFO. Tata Motors had announced its plans to build a $5.2 billion electric car battery factory in the U.K. which is expected to become […]
Tech View: All eyes on Nifty’s 20K milestone. What traders should do on Friday
India VIX was up by 1.59% from 11.60 to 11.78 levels. Volatility spiked to create momentum and cheer the bulls at lifetime high zones. Option data suggests a shift in trading range between 19700 and 20300 zones while an immediate trading range between 19800 and 20200 zones
IndiaMart InterMesh Q1 Results: Net profit soars 78% YoY to Rs 831 crore; co approves Rs 500 crore-buyback
Revenue from operations jumps 26% to Rs 2,821 crore for the April-June period, as against Rs 2246 crore in the same period of last year. The buyback size represents 2% of the total equity of the company and 24.33% of free reserves based on the last audited financial statements for the period ended June 2023.
Gainers and Losers: ITC, Infosys among top 5 stocks in focus on Thursday
Nifty50 missed the 20,000 mark by a whisker and ended at 19,979, up 146 points or 0.74% while the S&P BSE Sensex settled at 67,571, higher by 474 points.
With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy
Bajaj Finance now has a market cap of Rs 4.6 lakh crore. Upon listing on stock exchanges, JFSL will take over the No.2 slot ahead of Cholamandalam Investment and Finance which is presently the second-largest NBFC with an m-cap of Rs 9.6 lakh crore.
Should investors own Jio Financial stock for over 5-7 years? Samir Arora answers
“Mostly the negative year which comes as a big bad year, like you are down 25-30%. And then that year is so bad that it takes away the returns that somebody made in the previous year.”
RIL Q1 Preview: O2C ops to mar performance; Jio Financial in focus
The company’s consolidated net profit for the quarter is likely to drop 10% year-on-year (YoY) to Rs 16,170 crore, according to the average of estimates given by 10 brokerages. Consolidated revenue is seen down 2% YoY at Rs 2.15 lakh crore.