India Financial News

Abhay Agarwal, Founder & Fund Manager, Piper Serica, says this is a market where once the event is over, people will refocus on earnings, refocus on growth, refocus on India's long-term economic potential and the resultant expansion in market cap due to that and which companies will benefit the most. So, the whole conversation will change into that direction. Investors should look beyond just this June 4th date and look where the investment opportunities are for the next five years

Kerala within the next 24 hours, with expectations for it to also advance into some parts of the northeastern states, the India Meteorological Department said in its latest update. Furthermore, the IMD said, the conditions support the further progression of the southwest Monsoon into additional areas of the South Arabian Sea, the remaining regions of the Maldives and the Comorin area, parts of the Lakshadweep area, and further regions of the Southwest and Central Bay of Bengal, the Northeast Bay of Bengal, and parts of the Northeastern states during this period.

Nuvama initiated coverage on Inox Wind and Suzlon Energy, with target prices suggesting an upside potential of 33% and 15%, respectively. Nuvama has a ‘buy’ rating and a target price of Rs 195 on Inox Wind as it believes the company is one of the only two WTG and turnkey EPC companies in India, wherein annual wind demand is reviving to more than 12GW.

Rating firm S&P on Wednesday revised outlook for the Indian economy to 'positive' from 'stable' and has affirmed the overall rating at 'BBB-'. 'BBB-' is the lowest investment grade rating offered. «India's robust economy growth positive impacts credit metrics,» S&P said. «The government's infrastructure spend will aid India's growth trajectory. We expect a continuity in India reforms regardless of poll outcome,» S&P said.

Colgate-Palmolive (India) Ltd. dropped 0.51 per cent to Rs 2687.4 at 01:18PM (IST) in Wednesday's trade. The counter hit a high of Rs 2710.0 and low of Rs 2662.3 so far during the session. The stock had closed at Rs 2701.2 in the previous session. The counter had a total traded volume of 01:18PM shares so far with a turnover of Rs 0.58 crore on BSE. The stock traded at a price-to-earnings multiple of 55.69 and a price-to-book ratio of 27.81.

ACC Ltd. fell 1.05 per cent to Rs 2542.95 in Wednesday's session as of 01:23PM (IST) even as the equity benchmark Sensex traded 479.53 points lower at 74690.92. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2759.95 and a 52-week low of Rs 1755.8 on NSE. Around 2850 shares changed hands on the counter till 01:23PM (IST).

Times of India report.Also Read | IndiGo bomb threat: Viral video shows woman walking on wing as flight attendant rescues passenger“The feature offers visibility of seats booked by female passengers only during web check-in. It is specifically tailored to PNRs with women travellers — solo as well as part of family bookings… (this is) currently in pilot mode aligning with our ‘girl power’ ethos," the airline said in a statement.Also Read | Watch | IndiGo flight to Varanasi evacuated at Delhi Airport following bomb threat; investigation underway.

₹11.81 for Q4, indicating a 14.46% increase year-over-year.In terms of market performance, Goodluck India has delivered negative returns of -8.92% in the last week, -4.65% in the last 6 months, and -9.1% year-to-date.

₹3.48 for Q4 which increased by 7.21% Y-o-Y.Indian Railway Catering & Tourism Corporation has delivered -2.91% return in the last 1 week, 55.44% return in last 6 months and 22.04% YTD return.Currently the Indian Railway Catering & Tourism Corporation has a market cap of ₹86648 Cr and 52wk high/low of ₹1138.9 & ₹614.35 respectively.As of 29 May, 2024 out of 5 analysts covering the company, 2 analysts have given Strong Sell rating, 2 analysts have given Hold rating &1 analyst has given Strong Buy rating.The consensus recommendation as on 29 May, 2024 was to Hold.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹284.18CrQuestion : What is Q4 revenue?Ans : ₹1154.77CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

₹1,200 crore of capex in FY25, ₹1,000 crore in FY26, and ₹1,200 crore in FY27. The capex guidance for listed subsidiary Udaipur Cement Works Ltd was set at ₹300 crore for FY25. For comparison, the combined capex of JK Lakshmi and Udaipur Cement Works was around ₹1,010 crore in FY24.

₹20.23, reflecting a decrease of 4.81% Y-o-Y.In the last 1 week, Ingersoll-Rand India delivered a return of -9.31%, with a 48.1% return in the last 6 months and a 39.45% YTD return.Currently, Ingersoll-Rand India has a market cap of ₹13709.83 Cr and 52-week high/low of ₹5000 & ₹2690.15 respectively.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹63.87CrQuestion : What is Q4 revenue?Ans : ₹303.64CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

₹1.14, marking an impressive 84.1% increase year-over-year, reflecting positively on the company's profitability.Despite recent market trends, NBCC India has delivered varying returns, with -6.69% in the last week, a substantial 104.12% return in the last 6 months, and a solid 70.2% year-to-date return.Currently, NBCC India commands a market capitalization of ₹24984 Cr, with a 52-week high/low trading range of ₹176.85 and ₹38.2 respectively, showcasing market confidence in the company.Analyst ratings as of 29 May, 2024, depict a mixed sentiment towards NBCC India, with 2 analysts recommending a Strong Sell, 1 analyst suggesting a Hold, and 1 analyst advocating a Buy rating for the company.The overall Q4 results reflect NBCC India's strong financial performance and strategic management, positioning the company for continued growth and value creation for its stakeholders.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹136.08CrQuestion : What is Q4 revenue?Ans : ₹4024.5CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Is the Indian stock market fairly valued or overvalued? Experts weigh in"The nervousness in the market continues with uncertainty regarding the election results. An important sustaining trend during this uncertain phase is the continuous buying by DIIs (domestic institutional investors), which has reached around ₹45,000 crore so far this month.

monsoon season. Reports have stated that the monsoon in Mumbai is likely begin from June 10.Moreover, the CM added that during the repair work, the vehicular movement on the coastal road won't be affected.

Zerodha founder Nithin Kamath flagged the high sugar content and adulteration in food items on Wednesday. Nithin Kamath said that the sugar content in most food items is “ridiculous" and adulteration in items like masalas, milk and protein is “slowly killing" people.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We Indians need to question what goes into the food we consume. The more we ask, the better choices we will have.

₹2.05, marking a 39.23% decrease from the previous year.Engineers India's stock performance in the last week resulted in a -2.88% return, while it has delivered impressive returns of 84.57% in the last 6 months and 54.53% year-to-date.The company currently holds a market capitalization of ₹14891.31 Cr, with a 52-week high/low of ₹289.9 & ₹106.25 respectively.Analysts covering Engineers India have provided mixed ratings, with 4 analysts suggesting a Hold rating, 1 analyst recommending a Buy, and 1 analyst advocating for a Strong Buy.The consensus recommendation as of 29 May, 2024, was to Buy the stock.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹115.52CrQuestion : What is Q4 revenue?Ans : ₹805.14CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

spread widely on social media on May 28 as Israel launched fresh attacks in Gaza. Despite global criticism and a court order to stop the alleged genocide, Israel continues to carry out airstrikes.

Brigade Enterprises, one of India’s leading property developers, jumped 8.66% to reach a historic peak of ₹1,331.45 apiece in early morning trading today, driven by the company's robust performance for Q4 and the full fiscal year (FY24).On Tuesday, the company reported a 233% surge in its consolidated profit to ₹210 crore for the March quarter as compared to a net profit of ₹63 crore in the same period last year. Its revenue from operations soared to ₹1762 crore, an improvement of 100% compared to ₹872 crore in Q4 FY24.

Punjab National Bank(up 1.21 per cent), Bandhan Bank Ltd.(up 1.06 per cent) and Au Small Finance Bank Ltd.(up 0.85 per cent) were among the top gainers.

Eicher Motors Ltd.(up 0.35 per cent) and Bosch Ltd.(up 0.34 per cent) were among the top gainers.

On the BSE, Finelistings Techno(down 19.96 per cent), Technopack Polymers(down 17.08 per cent), Sealmatic India(down 14.76 per cent), Knowledge Marine & Engg Works(down 11.74 per cent) and Monte Carlo Fashion(down 11.36 per cent) were among the stocks that plunged over 5 per cent during the session.