Fund Manager Talk: Why Mahesh Patil isn’t the one to time election outcome
The March quarter has seen a slowdown in the topline growth across sectors as the nominal growth has moderated on the high base of last year and cooling off of inflation.
Strong FII flows may come back into India post elections: Ashi Anand
If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets.
Nestle India shares jump 3% as shareholders reject royalty hike
The jump in stock price happened after the MNC’s shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.
Sundaram Home Finance Q4 results: Net profit at Rs 57 cr; disbursements breach Rs 5,000 cr
Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance has reported a net profit of Rs 57 crore for the January-March 2024 quarter, the company said.
OYO withdraws DRHP, to refile IPO post refinancing: Sources
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
ET Mutual Funds Explains: Want to know how many years will your investment take to double? Use Rule 72
This method provides an accurate measurement. It is more helpful when an investor uses lower interest rates rather than the higher ones. It is more used for situations which involve compound interest. The one which involves a simple interest rate does not work well with this method.
ZEE Entertainment shares rally 5% after Q4 results. Should you buy, sell or hold?
ZEEL swung back to profit in March quarter against loss a year ago. Its total income in the reporting quarter, too, increased 3% YoY to Rs 2,185 core. Goldman Sachs sees partial recovery in revenues as a positive sign.
Balkrishna Industries shares jump 5% post Q4 results
Shares of BKT surged 5% on Saturday to its fresh 52-week high of Rs 2,798.95 supported by the company’s solid fourth quarter performance. Its net profit soared 88% while revenue jumped 16% to Rs 2,697 crore on the back of a sales volume of 82,085 MT.
PPFAS Mutual Fund: ITC, Power Grid, and Coal India among top 10 stock holdings in April
The fund house manages assets of Rs 72,405 crore as on April 2024. It manages six mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to the report by Motilal Oswal Mutual Fund.
JSW Steel shares fall over 2% after Q4 result disappoints
The fall in share price came a day after the steel major reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March 2024. It was Rs 3,664 crore a year ago. Revenue from operations in the reporting quarter, too, took a beating, though marginally, to Rs 46,269 crore.