Q4 results today: Tata Motors, Cipla among 87 companies to announce earnings
Several other companies scheduled to release their financial results include Cholamandalam Finance, Eicher Motors, Finolex Industries, Jupiter LifeLine Hospitals, Kalyan Jewellers, Piramal Pharma, Punjab and Sind Bank, Spencers Retail, TCI Express, Thermax, and more.
Hot Stocks: Brokerages on Escorts & SBI; CLSA downgrades Sula
JPMorgan continues to favour SBI with an overweight rating, while Macquarie has boosted Escorts to an outperform status. Conversely, CLSA has downgraded Sula to underperform following Q4 results, and they’re sticking with a sell rating on Asian Paints.
Hisashi Takeuchi on why Maruti Suzuki is launching revamped premium hatchback while all car makes go for SUVs
Maruti Suzuki’s CEO, Hisashi Takeuchi, introduces the Epic New Swift with a redesign and powerful Z-Series engine, aiming to boost fuel efficiency and drivability in the hatchback segment amid SUV competition.
Big movers on D-Street: What should investors do with IRB Infra, IGL and Dr Reddy’s?
Stocks that were in focus include names like IRB Infra, which fell 3%, IGL, which was down 2.48%, and Dr Reddy’s, whose shares declined 2.8% on Wednesday.
JPMorgan says India index inclusion on track, most clients ready
“Based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of our index clients already set up to trade in the IGB market,” managing director Gloria Kim said in an emailed reply to questions.
Tata Motors to spin off its NBFCs, merge them with Tata Capital
Group holding company Tata Sons will offer shares of Tata Capital to Tata Motors. This will give India’s third-largest carmaker by volume a minority stake in Tata Capital.
Sebi cuts lot size of private-placed InvITs to Rs 25 lakh
“The proposal will help in increasing the liquidity of privately placed InvIT units by allowing a broader base of investors to participate in the market and promote diversification of investment portfolios, enabling investors to better manage risk,” Sebi said in a discussion paper on Thursday.
IndiGo in long haul for bigger market share
The company’s international expansion will be gradual given that the aircraft delivery is expected in 2027. A critical question is whether the airline will be able to retain the advantage of a low-cost carrier once it expands in international markets, which would increase its operating costs.
MFs record net inflows for 38th month in a row, SIPs at new high
With corporates buying debt funds again at the start of the financial year, debt funds saw inflows of ₹1.90 lakh crore. Total average assets under management of the industry moved to a new high of ₹57.01 lakh crore, compared with ₹55 lakh crore in the previous month.
NSE stock soars 25% in unlisted market post 4:1 bonus issue
Intercontinental Exchange is currently valued at $77 billion while CME Group is valued at $76 billion. London Stock Exchange, Hong Kong Exchanges and Deutsche Boerse AG are valued between $38 billion and $60 billion.