Posts in category Economic Times
Brokerages increase target price for Bank of Baroda. Should you buy? (13-05-2024)
BoB’s net interest income for the full financial year stood at Rs 44,722 crore, an 8.1% uptick over FY23. The operating profit for FY24 was reported at Rs 30,965 crore, a 15.3% year-on-year (YoY) gain.
Stock market update: Nifty Auto index falls 1.68% (13-05-2024)
The Nifty Auto index closed 1.68 per cent down at 22462.65.
ICICI Securities questions the maintainability of the class action contesting the delisting and merger (13-05-2024)
The case pertains to ICICI Securities' announcement last year, which allowed delisting and merger with ICICI Bank, with 67 shares of ICICI Bank being offered for every 100 shares of ICICI Securities.
Rupee ends marginally lower tracking weak Asian currencies; US CPI awaited (13-05-2024)
The rupee ended at 83.53 to the U.S. dollar, down from 83.50 in the previous session. The domestic unit traded in a narrow four-paise range in Monday's session.
Stock market update: Sugar stocks down as market rises (13-05-2024)
The 30-share BSE Sensex closed up 111.66 points at 72776.13
Bharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base (13-05-2024)
In Q4FY23, Bharti Airtel had reported a consolidated PAT of Rs 3,005 crore attributable to the owners of the company. If the non-controlling interest is added to it, the PAT for the period becomes Rs 4,226 crore. The revenue from operations for the quarter was reported at Rs 36,009 crore.
MapmyIndia Q4 Results: Firm posts 35% rise in net profit to Rs 38 crore (13-05-2024)
The consolidated revenue of operations increased 47 per cent to Rs 106.9 crore during the fourth quarter of FY24, from Rs 72.47 crore in the March 2023 quarter.
Banking stocks drive Sensex 111 pts higher from deep red; Nifty above 22,100 (13-05-2024)
Indian equity indices surged, with Sensex and Nifty posting gains. Top gainers included Asian Paints, Sun Pharma, HDFC Bank, TCS, Axis Bank. Tata Motors faced downgrades while Cipla reported a significant profit surge in March 2024.
UPL Q4 results: Profit falls 95% YoY to Rs 40 cr; revenue down 15% (13-05-2024)
UPL reported a significant 95% YoY drop in consolidated net profit to Rs 40 crore for Q4FY24, with revenue from operations also declining 15% YoY to Rs 14,078 crore. This decrease is attributed to lower post-patent market prices.
Blinkit turns adjusted EBITDA positive in March as co aggressively bets on store expansion (13-05-2024)
The company highlighted that one of the key vectors for growth for the business will come through the store expansion. In the fourth quarter, it added 75 net new stores taking the total store count to 526.