PB Fintech slides 10% post Q1 earnings. Should you buy, sell or hold?
The Q1FY24 earnings were followed by reports from top brokerages, including one from the Sydney headquartered Macquarie, which foresees an ‘Underperformance’ in the stock.
Adani Ports Q1 results beat Street estimates. Should you buy stock?
Adani Ports reported a consolidated net profit of Rs 2,115 crore for the quarter ended June 2023, which is higher by 83% compared with Rs 1,158 crore in the same quarter last year. Revenue from operations jumped 24% year-on-year (YoY) to Rs 6,248 crore in the June quarter. The same stood at Rs 5,058 crore […]
Hot Stocks: Brokerages on Adani Ports, Lemon Tree, Max Healthcare and Coal India
The company is also implementing efforts for bed additions to boost growth momentum over the next three to five years, said the note. It continues to evaluate the inorganic opportunities as well.
Good time to start building small positions in IT: Gautam Trivedi
They have Punjab and then they have an agency of Mercedes in Kolkata and Madhya Pradesh. So, I think while you may not see necessarily a big SSG growth for both of these businesses, you will see revenue top line and progressively EBITDA growth because the absolute number of branches will keep expanding.
Stocks to buy today: GAIL, NBCC among top 8 trading ideas
“Options data suggests a broader trading range in between 19000 to 20,000 zones while an immediate trading range in between 19,300 to 19,700 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
At multi-year highs: Cipla among 10 stocks that saw 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.
ETMarkets Smart Talk- Market may see time correction and non-quality stocks correcting: Naveen Kulkarni
In the previous downgrade in 2011, the market saw a much more meaningful correction. The current correction is a mix of cautiousness and profit booking.
ETMarkets Fund Manager Talk-Simplifying processes, addressing tax issues can bolster AIF industry growth: TriVeda Capital
However, there are areas that need to be addressed and if done, it will go a long way in fostering growth for the industry, said Raj Inamdar, Partner at the real estate AIF firm.
Oil prices ease as bearish China data fuels demand concerns
The world’s top exporter Saudi Arabia last week extended its voluntary production cut of 1 million bpd to the end of September, adding that it could be extended beyond then or deepened. Russia also said it would cut oil exports by 300,000 bpd in September.
Adani Group weighs stake sale in FMCG joint venture with Wilmar
The 50:50 joint venture (JV) between Adani and Wilmar was set up in 1999. The company raised Rs 3,600 crore by way of an initial public offering in February 2022, bringing the stake of the two JV partners down to 43.97% each.