Posts in category Economic Times
Shock election results, tax tweak may trigger equity correction on Dalal Street: Chris Wood, Jefferies (24-05-2024)
Christopher Wood of Jefferies warns of a potential market correction triggered by national elections and changes in capital gains tax. BJP's expected return to power in the upcoming elections may impact market stability.
Adani Enterprises, Adani Energy Solutions to consider fund raising next week (24-05-2024)
Adani Enterprises and Adani Energy Solutions are planning to raise funds via equity through board meetings next week. Adani Enterprises previously raised Rs 12,500 crore through a QIP in May 2023.
Max Healthcare net profit growth down due to higher taxes: Abhay Soi (24-05-2024)
Abhay Soi, MD & CEO of Max Healthcare, discusses the impact of higher taxes on profitability, emphasizing the shift from EBITDA to free cash flow. He highlights the growth in revenues and EBITDA but a decline in net profit, attributing it to increased tax payments.
Ashok Leyland Q4 Results: Net profit rises 17% to Rs 934 crore (24-05-2024)
Ashok Leyland reported a 16.73% increase in Q4 net profit to Rs 933.69 crore. FY24 net profit was Rs 2,696.34 crore with a revenue of Rs 45,790.64 crore. Managing Director Shenu Agarwal and Chairman Dheeraj Hinduja expressed optimism about the company's future prospects.
F&O stocks: Jubilant FoodWorks, Vedanta among 5 stocks with short buildup (24-05-2024)
When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
Sensex jumps 3,700 points in 9 days. Why is no one waiting till election results? (24-05-2024)
In the near term, market analysts believe the chances of the market going up further are less given that it has already touched record-high levels, and in case the political equation changes, the market can fall as much as 15% on June 4.
Hindalco Q4 Results: Profit jumps 70% YoY to Rs 1,412 crore, beats estimates (24-05-2024)
Hindalco reported a 69.7% YoY jump in its standalone Q4 profit to Rs 1,412 crore with revenue rising 10.72% to Rs 22,140 crore, beating Street estimates. Consolidated EBITDA was Rs 7,201 crore, up 24% YoY, driven by lower costs and higher volumes.
Chola Inv Finance shares decline 0.97% as Sensex climbs (24-05-2024)
A total of 19,037 shares changed hands on the counter till 02:08PM (IST)
Bitcoin slips below $67.2k; Ethereum falls over 4% despite approval of spot Ether ETFs in US (24-05-2024)
Cryptocurrency markets, including Bitcoin and Ethereum, were trading lower on Friday due to profit-taking. BTC fell to $67,143, while Ethereum declined to $3,655. Edul Patel from Mudrex commented on the market movements.