Jan Auto Sales: What to expect from M&M, Maruti, TaMo & top automakers
The January auto sales figures will start to trickle in from February 1 onwards. Here’s a look at what to expect from auto sales numbers. (Source: ET NOW)
Digital payments rise 10.94 pc annually at September-end 2023: RBI data
RBI’s Digital Payments Index (RBI-DPI) stood at 418.77 at end-September 2023 compared to 377.46 in September 2022 and 395.57 in March 2023. The index comprises five broad parameters that enable the measurement of the depth and penetration of digital payments in the country over different periods.
Tech View: Nifty forms Piercing Line ahead of expiry. What traders should do on Budget day
The trend may continue to be volatile on Thursday, especially as the Interim Budget will be delivered. Support on the lower end is situated at 21,500, while a decisive move above 21,750 might trigger a rally towards 22,100 and beyond.
NTPC gets DIPAM nod to list arm NTPC Green Energy to raise Rs 10,000 cr
The NTPC’s proposal for NGEL listing was approved by the Department of Investment and Public Asset Management (DIPAM), as per the source. The company is planning to utilise the funds towards energy transition and setting up green energy projects, including solar and green hydrogen.
Adani Wilmar Q3 Results: Profit declines 18% YoY to Rs 201 crore; revenue drops 17% YoY
Adani Wilmar Q3 Results: Adani Wilmar reported an 18% YoY drop in Q3 FY24 profit at Rs 200.9 crore. The company achieved the second-best EBITDA till date of Rs 504 crores in Q3. The revenues from branded products in the domestic market have been growing at 40%+ YoY. Adani Wilmar is focusing on scaling up […]
Maruti Suzuki Q3 results today: Here’s what to expect from the automaker
Maruti Suzuki is expected to report healthy third quarter earnings today with a 8% increase in total units sold, driven by higher SUV segment sales and exports. Analysts anticipate a 15-16% increase in total revenue due to higher unit sales and better product mix, offset by higher discounts. While revenues may decline 10% sequentially, EBITDA […]
US Fed meet outcome today: Can Powell soothe nerves of D-Street? Here’s what experts feel
The US Federal Reserve is expected to maintain the federal funds rate unchanged at the conclusion of its monetary policy meeting. Investors are focused on the Fed’s stance on quantitative tightening and its guidance on rate cuts in 2024. Recent economic data showed strength in the US economy, but the battle against inflation continues.
L&T shares plunge 5% amid Q3 misses. Should you buy or sell?
Shares of Larsen & Toubro (L&T) fell over 5% on NSE after Q3 earnings missed estimates. Kotak Institutional Equities downgraded L&T stock to ‘Sell’. Citi maintained ‘Buy’ stance, citing healthy order inflows and execution. L&T reported a 15.5% YoY growth in consolidated net profit for Q3. Consolidated revenue rose nearly 19% YoY. L&T remains well-placed […]
Nova Agritech shares list at 37% premium over IPO price
Nova Agritech listed on exchanges with a 36.6% premium, debuting at Rs 56 on BSE and Rs 55 on NSE. The IPO received over 100 times subscription as non-institutional and institutional investors bid heavily. The company’s solid financial track record and impressive ROE of 32.1% attracted analysts. Proceeds from the IPO will be used for […]
Sebi reviewing small, midcap MFs’ stress tests: Report
In talks with the Association of Mutual Funds in India (AMFI) this month, the Securities and Exchange Board of India (SEBI) asked for small and mid-cap funds’ internal stress tests so it could determine if they would have adequate liquidity to meet any large outflows, the sources said.