Posts in category Economic Times
HDFC AMC Q2 Results: Net profit rises 32% YoY to Rs 577 crore (15-10-2024)
HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576.61 crore for the three months ended September 2024. The HDFC AMC’s profit after tax stood at Rs 436.52 crore in the same quarter of the preceding financial year (FY24).
Bajaj Auto Q2 results preview: Robust volumes to drive revenue growth by up to 29% YoY. PAT may jump by up to 24% (15-10-2024)
Bajaj Auto is expected to report a 24%-29% YoY growth in September quarter revenue, led by robust volume uptick and ASP increase. Revenue is estimated in the range of Rs 13,336-13,545 crore. YoY net profit (adjusted) growth is likely to be at 22%-24%, putting PAT in the range of Rs 2,246-2,275 crore. Kotak Equities has the highest revenue estimates, while Yes Securities is most bullish on PAT.
Oil plunges 4%, slips below $75/bbl as Iran supply disruption concerns ease (15-10-2024)
Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel is willing to not strike Iranian oil targets, easing fears of a supply disruption.
Iron & Steel, Housing Finance, and PSU Banks among most undervalued PSU sectors: Value Stocks (15-10-2024)
Value Stocks research found that 16 out of 26 PSU subgroups are undervalued. Iron & Steel, Housing Finance, and PSU Banks are highlighted as undervalued sectors with attractive investment opportunities.
Bank of Maharashtra Q2 results: Profit jumps 44% YoY to Rs 1,327 crore; NII rises 15% (15-10-2024)
Bank of Maharashtra reported a 44% YoY jump in net profit to Rs 1,327 crore in Q2FY25. Net interest income grew 15.4% to Rs 2,807 crore. Gross NPAs declined to 1.84% and net NPAs fell to 0.20% as of September 30, 2024.
Adani group is back again selling green bonds in dollar market (15-10-2024)
nits of the group’s clean-energy business, Adani Green Energy Ltd. are marketing a green 20-year note in the US currency on Tuesday, as that business ramps up spending to boost capacity. Proceeds from the proposed bond will be used to repay foreign-currency loans, according to a person familiar with the matter who asked not to be identified.
HCL Tech’s broad-based growth & margin boosts signal strong future performance: Ravi Menon (15-10-2024)
I think after FY23, when they raised guidance in October but then missed due to sudden environmental changes, management is being cautious.
Nuvama sees 22% potential upside in JSW Infra, initiates coverage with ‘buy’ rating (15-10-2024)
Domestic brokerage firm Nuvama has initiated coverage on JSW Infrastructure (JSWIL) with a ‘buy’ rating and a target price of ₹390, citing the company’s potential for strong long-term growth. This target price suggests a 22% upside from the stock’s closing price on Monday.
HDFC Life Q2 Results: Net profit rises 15% YoY to Rs 433 cr; net premium income up 12% (15-10-2024)
Leading insurer HDFC Life reported a 15% increase in standalone net profit for the second quarter, reaching ₹433 crore, up from ₹377 crore in the same period last year.