Hero MotoCorp Q1 Results: PAT jumps 36% YoY to Rs 1,123 crore, revenue up 16%
Hero MotoCorp Q1 Results: Hero MotoCorp on Tuesday reported a standalone net profit of Rs 1,123 crore for the quarter ended June 30, 2024 which was up by 36% from Rs 825 crore posted by the two-wheeler maker in the year ago period.
Apollo Hospitals Q1 Results: Profit zooms 83% YoY to Rs 305 crore, revenue up 15%
Apollo Hospitals Q1 Results: Leading hospital chain Apollo Hospitals reported 83% growth in its consolidated net profit at Rs 305 crore for the first quarter ended June 2024. It was Rs 167 crore in the year-ago period.
PMS Tracker: HNI investors make up to 24% return in July
In July, only a small group of 8 PMS schemes reported negative returns, notably including Capitalmind’s Adaptive Momentum fund led by Deepak Shenoy. On the brighter side, star fund manager Shyam Shekhar’s ithought smallcap fund Vrddhi saw impressive gains of over 10%, while his multicap fund Solitaire also performed well with a 6.7% increase.
MSCI Global Index shake-up: RVNL, Vodafone Idea enter, Bandhan Bank slips out
As a result of this inclusion, RVNL is expected to attract passive fund inflows amounting to $219 million, while Vodafone Idea may receive an estimated $278 million, according to projections by the domestic brokerage firm Nuvama Alternative & Quantitative Research.
Goldman Sachs initiates coverage on Mamaearth with buy rating, stock jumps 5%
Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a ‘Buy’ rating, seeing a 26% upside potential. Shares rose 5% post-announcement. The brokerage highlighted India’s beauty industry as a multi-year growth driver, predicting revenue and margin improvements by FY30, aided by retail expansion and new brand profitability.
This year crude prices will touch $85-87, but long-term, oil is headed to $70: Dr Fereidun Fesharaki
Dr. Fereidun Fesharaki forecasted that the long-term oil price would remain around $70 per barrel. He cited strong supply-demand fundamentals and increasing carbon costs. Geopolitical issues had minimal impact on supply due to OPEC’s excess capacity. Additionally, he discussed how evolving demands, especially from electric vehicles, and gas prices are affecting the market.
F&O stocks to buy today: ONGC, Cipla among top 9 trading ideas for 13 August 2024
The Indian market was poised for consolidation due to mixed global influences. FIIs registered substantial sales while DIIs made significant purchases. Focus was on key index levels and stock picks for short-term trading, including Cipla, Hindustan Unilever, and ONGC, with specific targets and stop-losses provided by experts.
MSCI to increase HDFC Bank’s weightage in Global Standard Index in 2 tranches
The long-awaited weightage increase of HDFC Bank will be happening in the month of August, however MSCI has made an exception by raising with lower adjustment factor, leading to an inflow of $1.8 billion, equivalent to 93 million shares, with an impact of about 4.5 days in August Rejig.
Q1 results today: Hindalco, Nykaa among 660 companies will announce earnings on Tuesday
Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results
BEL, RailTel among 16 stocks to trade ex-dividend on Wednesday. Last date to buy today
Dividends are paid to shareholders listed in the company’s records on the record date. To be eligible for dividends, shares must be purchased at least one day before the ex-date, as transactions settle the next day. However, those who buy shares on the ex-date will not qualify for dividends