CRISIL stock jumps over 8% following September quarter results
CRISIL Share Price: CRISIL shares surged over 8% on the BSE after the company reported a 12.9% YoY increase in net profit for Q3 FY24. Revenue from operations rose 10.3%. The board declared an interim dividend of Rs 15 per share. Geopolitical uncertainties and divergent global growth patterns remain risks.
Is there money to be made in the AMC stocks? Should you bet on Voda Idea? Anshul Saigal answers
Anshul Saigal of Saigal Capital suggests a cautious, small investment in Vodafone Idea, considering the telecom sector’s potential price hikes. He also advises tempering expectations for AMC stocks, which have surged this year. Saigal views IPO investments skeptically, highlighting that better entry points often emerge post-listing, and calls recent event-driven market spikes opportunities to sell, […]
L&T Technology Services shares fall 3% after Q2 results. Should you buy or sell?
LTTS will be in the spotlight today after announcing a slight 2% rise in its consolidated net profit, which reached Rs 320 crore for the quarter ending September 2024, up from Rs 315 crore the previous year. During the same period, operational revenue increased by 8% YoY, rising to Rs 2,573 crore from Rs 2,386 […]
Wipro Q2 Preview: Analysts expect mixed results with limited growth, margin stability
As Wipro prepares to release its Q2 results on October 17, analysts from Phillip Capital, Axis Securities, Emkay, and Motilal Oswal have mixed projections for the IT giant.Overall revenue growth is expected to remain within the company’s guidance range of -1% to +1% in constant currency (CC), with performance across key verticals being closely monitored.Sectors […]
Ircon International shares jump nearly 4% on inking MoU with Patel Engineering for infra projects
Shares of Ircon International surged by 3.6% following an MoU with Patel Engineering Limited to explore joint infrastructure projects. Retail investors boosted their stake while FIIs reduced theirs. Despite a 17% revenue dip in Q1 FY25, Ircon saw a 19.5% rise in net profit.
Bikaji Foods shares in focus as co to acquire majority stake in Hazelnut Factory for Rs 131 crore
Bikaji Foods International will attract attention on Thursday following its announcement that its subsidiary, Bikaji Foods Retail, plans to invest Rs 131.01 crore for a 53.02% stake in Hazelnut Factory Food Product. The investment will occur in tranches, with the acquisition expected to be finalized over the next two years.
We are in uncharted territory as too much fresh funds are coming in: Dipan Mehta
Dipan Mehta highlights the unprecedented liquidity in markets from tier II and III cities and its unpredictable outcomes. He expresses concerns over PVR-Inox due to OTT competition and sees potential in banking stocks like Bandhan Bank and IDFC First Bank. Challenges in the capital goods sector due to high PE multiples and execution issues are […]
Q2 will broadly remain a muted earnings season: Smallcase Manager Narender Singh
Investing should be considered only when there are clear signs of reversal, which are currently absent in most defence stocks. Only a few exceptions show some stability, so it’s better to wait for stronger indications of a recovery.
Q2 results today: Infosys, Wipro, Nestle, Axis Bank among 38 companies to announce earnings on Thursday
Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India. Infosys is poised for healthy growth driven by mega-deals, whereas Wipro may see a revenue decline. Axis Bank is expected to boost net profit by 8% with rising NII, and Nestle India projects a 5-7% revenue uptick.
Positive Breakout: These 3 stocks close cross above their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 16, according to stockedge.com’s technical scan data.