Performer Financial News

Zydus Lifesciences on Friday reported Rs 1,182 crore net profit in Q4FY24, a threefold year-on-year (YoY) jump led by growth in US, India, Europe and emerging market sales. The Ahmedabad-based drug maker reported net profit of Rs 297 crore in the corresponding period of previous year.

ecommerce marketplaces like Amazon and Flipkart will have a play, Delhivery cofounder and chief executive Sahil Barua said on Friday. “There’s a sub-segment of quick commerce which is yet to be evaluated. There’s a long distance between 15-minute delivery and same-day or next-day delivery. I think there will be a segment, which will emerge for certain kinds of products, which will be two-hour, four-hour deliveries. We already perform this in all the cities we are present in,” Barua said during the company’s post-earnings analyst call.

ministry of skills development and entrepreneurship has proposed blending of digital content into classroom learning using digital tools and resources as part of its trainer development strategy for skilling, developed by the Future Right Skills Network (FRSN). “To cater to the vision of a Viksit Bharat 2047, the ministry has laid out a roadmap where trainers from short-term and long-term skilling ecosystems will be equipped with the right skills and technology to help learners participate in the future market,” MSDE said in a statement issued on Friday. Besides, it has laid out a blueprint to improve the efficiency of existing trainers through recognition, performance evaluation, motivation, and up-skilling.

1. BenQ GW2283 The BenQ GW2283 is a 22-inch Full HD IPS monitor designed for eye comfort and optimal viewing experience. With a sleek bezel-less design, it offers a resolution of 1920x1080 pixels and 16:9 aspect ratio, providing clear and vibrant visuals.

Also read: Best Laptop PC Accessories: Choose the best one among the different options for your everyday need Convertible laptops either feature a 360-degree hinge or a detachable keyboard that lets users transition from laptop mode (for tasks that require a lot of typing) to tablet mode (for browsing the internet or watching a movie). With convertible laptops, you get the full computing experience via operating systems like Windows or ChromeOS.

1. TOSHIBA 32V35MP The TOSHIBA 32V35MP is a budget-friendly option with HD ready resolution, smart features, and built-in Chromecast. It provides a seamless viewing experience for streaming and gaming.

1. Blue Star 0.8 Ton 3 Star Inverter Split AC If you have a small room and need an air conditioner, look no further than Blue Star's 0.8-ton split AC. It's designed with an inverter compressor for efficient cooling.

Ceiling Fan. This 1200mm fan combines high performance with elegant design, featuring a 350 RPM speed and 210 CMM airflow for optimal cooling. The fan's decorative trims add a touch of sophistication, while its robust motor and corrosion-resistant blades ensure durability and longevity.

IPL 2024 with 8 points and a net run rate of -0.271. This season, the five-time IPL-winning team experimented a lot, starting by abruptly appointing Hardik Pandya as skipper. However, this hardly changed their fate, and they lost nine of their 13 matches played.

Mazagon Dock Shipbuilders' share price rose 14.5 per cent to scale an all- time high of ₹2,794 on Friday on the NSE, before closing with gains of 12.18 per cent at ₹2,737. The Mazagon Dock Shipbuilders' share price, having risen 250 per cent in a year and 1529 per cent in five years, has given multibagger returns to investors. The confidence in defence stocks remains high with rising capex and the government's ‘Make in India’ initiative, along with rising export orders.

It’s better to continue with the same index rather than annually switching a Systematic Investment Plan (SIP) to the previous year's best-performing index, revealed a study conducted by WhiteOak Capital Mutual Fund.

Indian stock market. Prabhudas Lilladher, a leading brokerage, foresees sectors like FMCG, Auto, Healthcare, IT Services, Private Banks, and Capital Goods as a 'perfect hedge' against the election results, slated for 4th June 2024.

Indian stocks are set for the biggest monthly outflow in nearly a year as election uncertainties and high valuations prompt some funds to shift to cheaper alternatives like Chinese equities. Global investors have pulled a net $3.5 billion from India’s stock markets so far in May, on course for the biggest withdrawal since June 2023, according to data compiled by Bloomberg.

«The next three years will be continued success for the auto business. It is positioned very well right now. We have got multiple products over the last three to four years that have been huge successes and it is really the DNA of the company that is showing in terms of its success,» says Anish Shah, Group CEO & MD, Mahindra Group. Shareholders are happy, management is happy, stock at an all-time high, profits at an all-time high. What you promised when you took over, you have delivered on all count. I am sure that must be a great feeling. That is a great feeling and I would give a lot of credit to all our teams. They worked extremely hard. Across the businesses, we are seeing a very high level of performance and that is credit to every single member of the team.

Indian Hotels: The brokerage has a target price of ₹680 for the stock, indicating a 19 percent potential upside. MOSL expects the strong momentum to continue in FY25, led by 1)an increase in ARR; 2) sustaining higher occupancy levels led by favourable demand-supply dynamics; 3) strong room addition pipeline till FY28 in both owned/leased (2,779 rooms) and management hotels (10,174); 4) higher income from management contracts; and 5) value unlocking by scaling up reimagined and new brands. In FY25, Indian Hotel (IH) expects to sustain double-digit revenue growth, with new businesses expected to grow 30%.

Crompton Greaves Consumer Electricals, one of the leading consumer companies in India, saw its shares surge by 15% during early morning trading today, reaching a 20-month high of ₹390.40 per share. This increase followed the company's impressive performance in the March quarter, surpassing street estimates, largely due to heightened demand for its fans and air coolers.

NEW DELHI : Logistics and supply chain management company Transport Corporation of India (TCI) plans to acquire two cargo ships worth $35-40 million in the current fiscal to bolster its seaways business. TCI is exploring options from shipbuilding operations in China, Japan, and Korea, expecting to finalize a deal in the second half of the fiscal year. “We placed orders for two ships in the last financial year but unfortunately shipyard in Japan cancelled it at the last minute.

₹109 apiece, delivering around 16 percent listing gain to the lucky allottees against the SME IPO price of ₹94. The newly listed BSE SME stock extended its listing gains and touched an intraday high of ₹114 within a few minutes of Piotex Industries IPO listing. On successful listing on the BSE, Piotex Industries shares became the 32nd SME stock to be listed on the BSE.

JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

“Foreign Institutional Investors (FIIs) turning net sellers in India can be attributed to various factors, including global uncertainties regarding monetary and interest rate policies, rising growth concerns in the US, and the possibility of asynchronous monetary policies across the world,” says Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Investors should not overly concern themselves with short-term market movements and should maintain their portfolio allocation in line with their long-term strategic decisions,” Edited excerpts: What a twist market saw in the week gone by. We retested crucial support levels. What is causing the panic on D-St? Pradeep Gupta: The recent market movements have indeed been notable, with a retesting of crucial support levels indicating a certain level of volatility and uncertainty.

economic growth performance and has become an alternative investment destination for many western companies as «less and less» foreign investment is going into China, an expert at the UN said as the global body revised upwards the Indian GDP growth for 2024. «India is also benefiting from more investments coming into India from other western sources as less and less foreign investment is going into China, western investment is going into China. India has become an alternative investment source or destination for many western companies. I think that is also benefiting India,» Chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs (UN DESA), Hamid Rashid, told reporters here Thursday. He was briefing on the mid-year update of the World Economic Situation and Prospects 2024 that has revised upwards India's growth projections for 2024, with the country's economy now forecast to expand by close to seven per cent this year.