Posts in category Economic Times
Axis Bank Q4 Preview: PAT seen at Rs 6,305 crore vs YoY loss on higher interest income (23-04-2024)
The recovery in profit after tax (PAT) will be led by an uptick in interest income where the bank is seen to report a net interest income of Rs 12,926 crore, up by 10.60% on a year-on-year basis, the average estimates revealed.
ICICI Prudential Q4 Results: Net profit drops 26% YoY to Rs 174 crore; net premium income up 17% (23-04-2024)
ICICI Prudential saw a lower new business margin in Q4, hurt by a persistent decline in demand for high-value policies and as customer preferences shifted towards low-margin products. Value for new business (VNB), the expected profit from new policies, fell 19% to Rs 2,227 crore for the year ended March 31, dragging the VNB margin to 24.6% from 32% a year earlier.
Tata Elxsi Q4 Results: PAT drops marginally YoY at Rs 197 crore. Company announces Rs 70/share dividend (23-04-2024)
The revenue from operations for the reported quarter stood at Rs 906 crore down from Rs 838 crore in Q4FY23 and Rs 914 crore in Q3FY24. It was up 8.11% on a year-on-year basis and lower by 0.87% on a quarter-on-quarter basis.
US stocks open higher as more earnings roll in (23-04-2024)
The Dow Jones Industrial Average rose 116.1 points, or 0.30%, at the open to 38,356.07.
Elevated food prices a near-term risk to RBI’s disinflation path (23-04-2024)
They are flagging off risks from extreme weather conditions that would pose risks to inflation along with risks from the geopolitical tensions that could flare up crude prices. In their assessment of the economy, the RBI economists in its latest monthly bulletin also say that the economy has to grow 8-10 percent every year to reap the demographic dividend.
Spotify Q1 Results: Gross profit crosses 1 billion euros for first time (23-04-2024)
Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active users.
Motilal Oswal sees up to 20% upside in Adani Ports. Here’s why (23-04-2024)
Earlier in October, Motilal had initiated coverage on Adani Ports where it was highlighted that the company’s improving utilization levels at its current ports, along with its ramping up of volumes at newly acquired ports, will position the company to exceed its FY24 volume guidance and expand its market share in cargo handling.
Technical Breakout Stocks: Record highs! How to trade Tejas Networks, Cochin Shipyard and Bharti Airtel on Wednesday (23-04-2024)
The S&P BSE Sensex rose 90 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in FMCG, consumer durables, realty, and telecom stocks while some selling was visible in metal, healthcare, oil & gas and energy stocks.
Tech View: Nifty short-term trend choppy. What traders should do on Wednesday (23-04-2024)
Nifty is facing a lot of resilience around 22,400-500 levels for the past couple of days on an immediate basis. We need to witness a decisive close above 22,400-500 levels for further strength in Nifty or else reversal is likely from this resistance zone, says Tejas Shah