Tata Consumer Q2 Results: Cons PAT jumps 8% YoY to Rs 364 crore, beats estimates
Tata Consumer Q2 Results: The profit after tax was above ET Now poll estimates of Rs 314 crore. The company reported quarterly revenue of Rs 4,214 crore, a 13% increase from Rs 3,734 crore in the same period last year. The India Beverages segment grew 3%, despite a 4% decline in tea volumes, while India […]
3 Adani stocks among top 10 largecaps sold by mutual funds in September
Mutual funds actively buy and sell securities to manage their portfolios. According to a report by ICICI Direct Research, here are the top 10 large-cap stocks that mutual funds sold in September.
Jio Financial Q2 Results: Cons PAT rises 3% YoY to Rs 689 crore, revenue jumps 14%
Jio Financial Q2 Results: The company reported quarterly revenue of Rs 693.50 crore, a 14% increase from Rs 608.04 crore in the same quarter last year. Sequentially, PAT surged 120% compared to Rs 312.63 crore in Q1FY25, while revenue rose 66% from Rs 417.82 crore in the April-June quarter.
Hedge with insurance stocks: HDFC Life, SBI Life, & ICICI Prudential may offer 16-20% returns
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer preferences.The sector continues to expand, driven by rising demand, increasing financial literacy, and regulatory efforts to boost product awareness.The firm believes that large private insurers are well-positioned to capture this […]
NBCFDC loans under ‘Visvas’ scheme to benefit 15 lakh SCs, OBCs and safai karamcharis
The National Backward Classes Finance and Development Corporation will begin disbursing loans under the new ‘Visvas’ scheme next month for SC, OBC, and safai karamchari communities. The scheme aims to help 15 lakh individuals and offers up to 5% interest subvention on loans for income-generating activities.
Hyundai GMP indicates 3% loss for IPO investors on listing day
Hyundai Motor India’s shares currently trading at a discount to the issue price of Rs 1,960. The grey market premium (GMP) stands at Rs 1,903, reflecting a -3% premium. If trends persist, the stock is likely to debut negatively on October 22. The final share allotment for the IPO will be confirmed today.
How Waaree Energies is ready to be a composite energy solution company in next 3 years
Waaree Energies is expanding its capabilities to meet the increasing demand for solar energy. The company is investing in renewable technologies, storage solutions, battery production, and hydrogen initiatives. These strategic moves position Waaree to tackle upcoming market shifts and international competition effectively. Waaree aims to diversify its products and geographical reach, ensuring sustained growth.
2 IT & pharma stocks Pankaj Pandey is betting on in uncertain market
Pankaj Pandey, Head of Research, emphasizes selective stock recommendations due to high anxiety levels in the market. He forecasts growth for Newgen Software and positive performance for Narayana Hrudayalaya. Pandey comments on the fluctuating market mood influenced by events like elections and advises cautious optimism as investors navigate the economic landscape.
What’s driving US markets amid political uncertainty? Mark Matthews answers
But there are several other data points that would confirm the strength of the economy. On the other hand, inflation is tame, as we saw in the most recent Consumer Price Index readings. And then the third quarter results, the banks are the first major sector to report and they did well.
Havells shares decline 3.5% on weak Q2 operational performance; brokerages cut target price
Havells India shares drop 3.5% after reporting a 7.5% YoY PAT increase to Rs 267.77 crore for Q2 FY24. QoQ PAT declined 34.3% and revenue fell nearly 22%. Analysts retain ‘Hold’ ratings; Jefferies and Investec cut target prices, while Goldman Sachs raises its target based on anticipated earnings growth.