Tata Tech shares dip 5% as brokerages reduce target prices. Should you buy?
Tata Tech reported its quarterly earnings for the second time on 3rd May wherein their net profit stood at Rs 157.24 crore for the quarter ended March 2024, which was down 27% on a year-on-year basis while the consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% YoY.
F&O stocks to buy today: Voltas, Exide among top 9 trading ideas
The index is likely to find some resistance around the 22750-22800 levels while on the downside 22300 is likely to act as a crucial support.
Hot Stocks: Brokerage upgrades Kotak Bank & D-Mart post Q4 results
Following the fourth-quarter results, JPMorgan upgraded Kotak Mahindra Bank and Avenue Supermarts. It maintains a neutral rating on Britannia Industries and an underweight rating on Tata Technologies.
In FY25, we hope to continue with over 30% revenue growth. 18% EBITDA margin: RailTel CMD
Sanjai Kumar of RailTel anticipates significant growth opportunities in LTE and Kavach segments, targeting Rs 5,000-6,000 crore orders. Expecting 30% revenue growth for FY25 with 18% EBITDA margin. Facing challenges in the RailWire sector.
Big movers on D-Street: What should investors do with CEAT, ABFRL and Coforge?
Stocks that were in focus include names like CEAT, which fell 2.93%, Coforge, which was down 10.03%, and ABFRL, whose shares dropped 3.43% on Friday.
Asia shares rally on Fed cut bets; yen pares gains
Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.
Amber venturing into railways, electronics holds greater promise
The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to in-house manufacturing of room ACs.
Buffett says India has ‘unexplored’ opportunities
Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world’s fifth-largest economy. “It is a very good question. I am sure there are loads of opportunities in countries like […]
M&M Fin Q4 net falls 10% on provisions, interest costs
Standalone net profit fell to ₹619 crore in the quarter from ₹684 crore a year ago, largely as total provisions increased to ₹341 crore in March 2024 from just ₹38 lakh in the quarter ended March 2023, results released late Saturday night showed.
NCLAT dismisses Religare’s appeal against CCI nod
NCLAT rejected REL’s appeal regarding Burman’s share acquisition. CCI ensures fair competition. Justice Khanna and Mehrotra maintained status quo. Fraud allegations, ESOP issuance, remuneration without approval are under scrutiny.