The stock traded at a P/E multiple of 11.78, while the price-to-book value ratio stood at 1.21.
Posts in category Economic Times
Wipro Management sees good momentum, hopes to bounce back in Q4 after a seasonal Q3 (18-10-2024)
Wipro executives discuss current and future business dynamics. They highlight the Q3 guidance, impacted by seasonal factors and European market softness. Despite these challenges, they remain optimistic about growth, particularly in BFSI. Their strong pipeline, steady attrition rates, and strategic focus on large deals and hiring indicate a positive momentum ahead.
Shares of Marico rise as Nifty gains (18-10-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 593.81.
Havells shares decline 3.5% on weak Q2 operational performance; brokerages cut target price (18-10-2024)
Havells India shares drop 3.5% after reporting a 7.5% YoY PAT increase to Rs 267.77 crore for Q2 FY24. QoQ PAT declined 34.3% and revenue fell nearly 22%. Analysts retain ‘Hold’ ratings; Jefferies and Investec cut target prices, while Goldman Sachs raises its target based on anticipated earnings growth.
Record date for TCS’ Rs 10 dividend today. Check payout date (18-10-2024)
The company, earlier in the last week had also announced via an exchange filing that the dividend will be paid to the shareholders on November 5.
Shares of Shriram Finance rise as Nifty gains (18-10-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 2699.2.
Mazagon Dock shares rally 4% as board mulls stock split, interim dividend. Check record date (18-10-2024)
Mazagon Dock Shipbuilders’ shares surged approximately 4% to today’s peak of Rs 4,395 on the BSE after the company announced plans to consider an interim dividend and a split of equity shares during its Board of Directors meeting on October 22.
Avenue Supermart shares fall 1.4% as Nifty drops (18-10-2024)
The stock quoted a 52-week high price of Rs 5484.0 and a 52-week low of Rs 3618.85.
Expect 20% EPS downgrade for Manappuram as Asirvad woes deepen: Shweta Daptardar (18-10-2024)
So, the whole sector is reeling under pressure and so both on the microfinance side and I believe Manappuram will also have certain setbacks even on the gold lending business. So, both of which would have to be factored in wherein earnings downgrade will be sharper.
Share price of Godrej Consumer falls as Sensex drops 180.89 points (18-10-2024)
A total of 4,944 shares changed hands on the counter till 11:25AM (IST)