Posts in category Economic Times
Bullish on pharma, especially CDMO; slightly negative on auto: Daljeet Kohli (30-10-2024)
Daljeet Kohli of Roha Asset Managers LLP is bullish on the pharma sector, anticipating strong performance over the next one-two years. He mentions the Biosecure Act of the US and the potential growth for companies involved in CDMO, CMO, and CRMO. Kohli expresses caution towards the auto sector, noting that its recent rally may be slowing down.
Marico shares in focus after company reports 20% YoY growth in PAT (30-10-2024)
Marico reported a 20% increase in consolidated net profit to Rs 433 crore for the September quarter, up from Rs 360 crore a year ago. Consolidated revenue rose by 7.6% to Rs 2,664 crore, with domestic revenue up 8.02% and international revenue rising 6.36%.
Dabur India shares in focus ahead of Q2 results today (30-10-2024)
FMCG major Dabur India’s second quarter results are likely to show a muted performance due to declining volumes and distributor inventory correction. Revenue is expected to drop by 5% and net profit by 8% year-on-year. The international business might see double-digit growth. Consolidated EBITDA is projected to decline by 17%, with tightened margins amid increased marketing expenses.
NTPC, Tech Mahindra among 11 stocks to trade ex-dividend tomorrow. Last chance to buy (30-10-2024)
Shares of Tech Mahindra, Godrej Consumer Products, Balkrishna Industries, and NTPC will remain in focus as today is the last day to buy shares for dividend eligibility. NTPC, Tech Mahindra, and several other companies have announced interim dividends with specified record dates and payment schedules.
This microcap stock’s 1:8 bonus issue, 1:5 stock split record date tomorrow. Do you own? (30-10-2024)
Sellwin Traders plans a 1:8 bonus share issue and a 1:5 stock split, with November 1, 2024 as the record date. Shares must be bought by October 31 to qualify. The stock has shown significant growth, doubling its value in the past year with a 111% YTD return.
What’s at stake for China’s markets at the US election (30-10-2024)
China’s currency and stocks may dip if Donald Trump wins the U.S. election, especially with a Republican Congress. A Kamala Harris win could see the yuan bounce. Stocks in export sectors could be affected. Hong Kong stocks and U.S.-listed Chinese assets might face more volatility as foreign investors adjust to the election outcomes.
India’s festive gold buying spree continues, defying record price (30-10-2024)
Indian gold buyers ignored record prices and bought extensively for Dhanteras and Diwali, expecting gold’s value to rise further. Strong gold demand could boost global prices and widen India’s trade deficit. Gold investments are seen as more lucrative with stock market performance cooling.
Results from Alphabet and Snap lift shares of online ad sellers (30-10-2024)
Online ad sellers gained over $100 billion in stock market value following strong quarterly results from Alphabet, Reddit, and Snap. Alphabet’s stock rose 4% due to robust digital advertising and AI-driven cloud service demand. Meta and Amazon also saw stock increases, while Snap jumped 7% due to exceeding revenue and user growth expectations. Reddit surged 20% after forecasting higher-than-expected revenue.
Q2 results today: L&T, Dabur among 77 companies to announce earnings on Wednesday (30-10-2024)
L&T, Tata Power, and Dabur are key among 77 companies declaring Q2 earnings today. L&T’s revenue is expected to rise by 16%, while Dabur may see a 5% year-on-year drop in revenue due to volume declines and distributor inventory corrections. Heavy rains impacted Dabur’s out-of-home consumption.