Cipla’s shares are in focus as the company reported a 15% YoY increase in consolidated net profit to Rs 1,303 crore for Q2 2024. Revenue rose 6% to Rs 7,051 crore, with EBITDA growing 12%. Despite mixed outlooks from analysts, including BofA’s ‘Underperform’ and UBS’s ‘Buy’ rating, concerns about market challenges and product launch delays persist.
Posts in category Economic Times
Stocks to buy today: HDFC Bank, L&T among top 9 trading ideas for 30 October 2024 (30-10-2024)
The Indian market is expected to consolidate on Wednesday due to muted global cues. Experts have recommended buying specific stocks such as HDFC Bank, Tech Mahindra, JSW Steel, BEL, HDFC Life, Container Corp, L&T, LIC Housing Finance, and Bank of Baroda for short-term gains. Certain levels and strategies have been advised.
ETMarkets Smart Talk: Capex, industrials, energy transition, and pharma among top bets till next Diwali: Rakesh Parekh (30-10-2024)
Markets had crossed all-time highs last month and despite the recent correction valuations are not cheap, trading at premiums to historic averages especially in the small & mid cap segments.
Fund Manager Talk | Bank stocks will deliver above average performance for next few years: Chandraprakash Padiyar (30-10-2024)
As market cycles change, winners keep changing. Given the key events lined up – RBI rate cut cycle (which will eventually begin in next few months), US presidential elections, etc – for the next one year, where do you think the puck is going to be in Samvat 2081?
Buy Bank of Baroda, target price Rs 310: Axis Securities (30-10-2024)
Axis Securities recommends buying Bank of Baroda shares with a target price of Rs 310, indicating potential growth. Currently priced at Rs 248.2, the bank has reported a significant increase in total income and net profit for the latest quarter. Promoters hold a majority stake, and the valuation suggests an upside.
Swiggy sets price band at Rs 371-390 for Rs 11,327 crore IPO. Check details (30-10-2024)
On Wednesday, online food delivery company Swiggy announced the price band for its upcoming IPO, set at Rs 371-390 per share, raising a total of Rs 11,327.43 crore. The offering includes a fresh issue of shares worth Rs 4,499 crore, along with an offer for sale (OFS) of 17,50,87,963 equity shares.
Voltas shares in spotlight as co posts 269% YoY jump in Q2 PAT (30-10-2024)
Voltas Share Price: Shares of Voltas are expected to be in the spotlight on Wednesday after the company reported a 269% year-on-year (YoY) surge in consolidated net profit, reaching Rs 133 crore for the September quarter, compared to Rs 36 crore in the same period last year. This growth was primarily driven by a 56% increase in volume from its room AC business.