Posts in category Economic Times
Rupee ends higher on likely cenbank support, foreign banks’ dollar sales (19-04-2024)
The Indian rupee recouped opening losses to end higher on Friday, despite weakness across regional peers, helped by possible intervention from the Reserve Bank of India (RBI) and dollar sales from foreign banks.
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (19-04-2024)
Bajaj Auto, HCL Tech, Divis Labs, Nestle India and TCS were among the top losers on NSE in today's trade.
Banking & financials lift Sensex 599 points higher despite IT selloff (19-04-2024)
The broader NSE Nifty climbed 151 points or 0.69% to finish at 22,147. Among the Sensex constituents, Bajaj Finance, M&M, HDFC Bank, JSW Steel, and Maruti emerged as the top gainers, registering gains of 2-3%. Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, resulting in a 0.4% decline in the IT index.
Wipro Q4 Results: Profit falls 8% YoY to Rs 2,835 crore, marginally misses estimates (19-04-2024)
Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation.
Experts find ‘cheeni kum’ in Nestle shares. Here’s why (19-04-2024)
Expensive valuations make the FMCG stock less appealing for Motilal Oswal which has a 'Neutral' rating on the counter. Its target estimates a 2.5% downside over Thursday's closing price.
Vodafone Idea FPO sees sluggish response even on Day 2. Check subscription and other details (19-04-2024)
Vodafone Idea's FPO sees slow response. Uncertainty around profitability and debt reduction persists. VI is the third largest telco in India based on subscriber base.
Hindustan Zinc Q4 Results: PAT slumps 21% YoY to 2,038 crore, revenue falls 12% (19-04-2024)
Hindustan Zinc Q4 Results: The PAT was, however, up on a sequential basis from Rs 2,028 crore in Q3FY24. The revenue also grew from Rs 7,067 crore reported in the previous quarter. The stock traded at Rs 397.25 on the NSE at 2:30 pm, down by Rs 7.50 or 1.85%.
ICICI Securities upgrades Angel One to Buy, target price at Rs 3,469 (19-04-2024)
Brokerage firm ICICI Securities, in its recent report, raised Angel One’s rating from ‘hold’ to ‘buy’, keeping the target price unchanged at Rs 3,469, signaling an upside potential of 24% from the current levels.
Musk, Tesla & more: Ancillary companies that will benefit most from EV space (19-04-2024)
Pankaj Murarka discusses Tesla's entry into India, emphasizing its impact on the luxury electric vehicle market, global vendors, auto ancillary companies, and the growth of the Indian passenger vehicle market.