L&T Q1 Preview: PAT may surge 26% YoY, order inflow outlook for FY24 key
The consolidated net profit is seen rising 26.3% year-on-year (YoY) to Rs 2,149 crore, according to the average of estimates given by 9 brokerages. The revenue is expected to grow nearly 14% YoY to Rs 40,710 crore.
Asian Paints Q1 Preview: Consolidated PAT may rise 35% YoY on better sales, margins
Asian Paints is likely to report a nearly 35% YoY growth in consolidated net profit, reaching INR 1,371.30 crore ($184 million), and nearly 10% YoY growth in revenue, reaching INR 9,408 crore ($1.26 billion) for the June quarter. Analysts predict that volume growth in decorative paints and easing raw material prices
Bajaj Auto Q1 Preview: Profit may increase up to 45% on healthy volumes, favourable product mix
The company had reported 10% growth in overall volumes, led by 72% year-on-year increase in domestic 2W segment volumes on account of a favorable base and over 150% year-on-year increase in domestic 3W segment volumes, partly offsetting a decline in exports
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian equities closed on a weak note on Monday, ending at 19,672, down 73 points, due to setbacks faced in the IT and FMCG sectors, high input costs, weak demand and mixed banks. Analysts predict an immediate downside support for the Nifty at 19,500-19,400. Political gridlock in Spain
No proposal to extend deadline for exchange of Rs 2,000 notes: Finance Ministry
In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary replied in negative to a question about whether there is a proposal to extend the deadline for the exchange of Rs 2000 in banks beyond September 30. “At present, this matter is not under consideration,” the minister said.
Industrial licenses issued under IDR Act to be valid for 15 years
“In supersession of all earlier Press Notes, the period of validity of industrial license is being extended from three years to fifteen years for all kind of licenses henceforth to be granted under IDR Act in line with the validity of licenses being issued for defence items as a measure for ease of doing business,” […]
Tech View: Price, momentum indicators hint at weakness. What traders should do on Tuesday
The said 20-day EMA has been holding for the past three months and has offered support for Nifty to witness upside bounces from it in the past, said Nagaraj Shetti of HDFC Securities. Open Interest (OI) data indicates a build-up of fresh short positions. FIIs were seen liquidating long positions in index futures as indicated […]
Motherson’s Kunal Malani sees Schneider business being ROCE accretive from next year
Samvardhana Motherson International Ltd is set to acquire assets and shares of Germany’s Dr Schneider Group for €118.3m ($141.2m). Dr Schneider Group is a loss-making asset, currently going through administration. Despite this, the acquisition is expected to create new growth opportunities for Motherson through the addition of a new product portfolio. Last month, Motherson Group […]
ITC Hotels demerger not a big game changer for shareholders: Amnish Aggarwal
ITC’s decision to demerge its hotel business is not likely to be a game-changer for shareholders, says Amnish Aggarwal, Head-Research at Prabhudas Lilladher. The capital-intensive hotels business only accounts for around 5% of ITC’s value, with 80% attributable to its cigarettes and FMCG operations. While some expectations were built into the stock price in anticipation […]
Rekha Jhunjhunwala cuts stake in 7 stocks, likely exits 3 others in Q1
Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, cut stakes in as many as seven companies during the June quarter, whereas she likely exited three other stocks as her shareholding dipped below 1% in these companies.