Posts in category Economic Times
Vedanta breaks out of past lag fuelled by rally in base metals (19-04-2024)
The stock is up nearly 44% so far in April, outperforming other local metal producers. The Nifty Metal index has risen 7.5% in the same period.
HDFC Life Q4 net profit up 15% on strong renewals (19-04-2024)
During the same quarter, in the previous year, the company had reported a profit of ₹358 crore. The insurer generated 18% growth in back-book surplus during the year.
GIFT Nifty down 210 points; here’s the trading setup for today’s session (19-04-2024)
"Overall we expect volatility to continue in the market in the absence of any major positive trigger, while focus will continue on stock-specific action amid the earning season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: Infosys, Wipro, Bajaj Auto, Jio Financial, HDFC AMC, Hindustan Zinc (19-04-2024)
Software services exporter Infosys forecast annual revenue below expectations on Thursday as global macroeconomic uncertainty pressures client spending on discretionary projects. Revenue for Q4 grew just 1%, while profit was up 30%.
Shares of oil marketing companies look attractive: Motilal Oswal (19-04-2024)
“We expect marketing margins to normalise at higher levels from 2QFY25 onwards as the impact of these events subsides,” said Motilal Oswal’s analysts Abhishek Nigam and Aman Chowdhary in a client note.
Power Grid & Hitachi Energy top power picks: Goldman Sachs (19-04-2024)
The brokerage said in a client note on Thursday that power transmission is key to India’s transition to clean energy and the government is assisting the viability of renewable projects via indirect fi nancial support worth $270 billion. Power Grid shares rose 2.1% to Rs 280 and Hitachi soared 10.4% to Rs 8,350, while Schneider dropped 4.8% to Rs 756.
Promoters hike stake in over 200 companies on brighter prospects (19-04-2024)
For instance, Adani Group increased its stake in Ambuja Cement from 63.15% to 66.70% in the March quarter by converting the warrants issued in October 2022. Aditya Birla Group increased its stake in Grasim by 31 basis points to 43.06% in the March quarter by subscribing to the rights issue.
Government bonds face FPI selloff as US yields harden (19-04-2024)
Adding to the sudden reversal in foreign buying interest in bonds is the rise in crude oil prices over the past few weeks due to concerns of tighter supply and a recent flare-up in Middle East tensions. A higher trajectory for crude oil prices imparts uncertainty to the outlook on India's inflation and trade deficit.
Godrej split: Board exits done, stake divestment to follow (19-04-2024)
The amicable separation is between two branches of the founding family with Adi Godrej and brother Nadir Godrej on one side and their cousins Jamshyd Godrej and Smita Godrej Crishna on the other. The latter two are brother and sister.
Infosys Q4 net profit jumps 30%; company buys German tech firm for Rs 450 million (18-04-2024)
Profit climbed to ₹7,969 crore in the March quarter, beating ET's poll of ₹6,103 crore. Other income buttressed the bottom-line through what turned out to be a tough year for revenue expansion, which hit the lowest pace in a decade. Headcount shrank by about 26,000, again a rarity for India's technology bellwether.