Performer Financial News

Wipro is estimated to report a consolidated net profit of ₹2,746 crore Q4FY24, registering a muted growth of 1.92% from ₹2,694.2 crore in Q3FY24. The company’s IT services revenue is expected to see a sequential growth of 0.18% to $2,661 million from $2,656 million, while in rupee terms, the revenue may fall by 0.28% to ₹22,141 crore from ₹22,205.1 crore, quarter-on-quarter (QoQ), due to macro impact and continued softness in verticals, as per average estimates of five brokerages.

Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts, says “will look for opportunities on the sell side as and when markets turn higher. The easy segment to target there is the weakest one, which has been financials, in terms of not performing that well on the upside. Of course, they have not fallen like the IT sector. But because the IT sector has already fallen a lot, it would not be the space to look for shorting opportunities right away. But in banking, once there is a bounce over the next one to two days, I will look for opportunities across the stocks based on what the setups are.” Is this recovery something that we should be excited about and believe that a floor has been made or is there still time to perhaps factor that in? Rohit Srivastava: This might just be a counter trend bounce which means it is just a retracement of the fall that we have seen over the last five days and possibly there could be more downside risk in the days ahead because what appears to have started as a sell-off in global equities on the back of rising bond yields, I do not think that trend is completely over. It makes me think that further pressure will build up in the days to come but we did get extremely oversold in a very short term and a one- to two-day bounce back is a good thing to relieve that very short-term pressure. Overall, this remains a sell-on-rise market and we will see lower levels in the days ahead.

Solana news reveals that Solana’s NFT ecosystem has outperformed Bitcoin and Ethereum despite SOL’s bearish momentum. Meanwhile, Cardano price prediction indicates that Cardano (ADA) may drop by more than 30% due to the market’s volatility. Unsurprisingly, investors have crowned Algotech (ALGT) as the best presale token. Find out how Algotech’s presale is outshining Solana (SOL) and Cardano (ADA).

The fiscal year 2023-24 turned out to be one of the best years for the domestic mutual funds industry as assets under management (AUM) spurted by nearly Rs 14 lakh crore to a record Rs 53.40 lakh crore as of March 2024 compared with Rs 39.42 lakh crore as of March 2023, according to AMFI data.

The second round of stress test and liquidity analysis for small and midcap funds appeared slightly better compared to the previous month’s results. Asset management companies (AMCs) were asked by capital market regulator Sebi to start conducting a regular stress test on their small and midcap funds to see how prepared the fund houses are to meet any sudden surge in redemption requests by their subscribers. Take a look at the performance of India’s top five fund houses in the stress test results for March 2024.

Midcap and smallcap funds stress test results: After a month of disclosing stress test results for their mid- and smallcap portfolios following regulator SEBI’s “froth” concerns, asset management companies have come out with March month’s data showing how prepared they are to meet liquidity challenges in case 50% or 25% of their mid and smallcap portfolios need to be offloaded.

Angel One, a prominent retail full-service broking firm in India, experienced an impressive surge of 8.70% in its share price in today's early morning trade, reaching ₹3,100 apiece, following the release of its Q4FY24 performance report on Wednesday. The company reported a net profit of ₹340 crore in Q4FY24, reflecting a notable 31% quarter-on-quarter (QoQ) increase and a substantial 14% year-on-year (YoY) improvement. Furthermore, its total revenue from operations for Q4FY24 witnessed a robust growth of 28% QoQ and a 64.28% YoY surge, reaching ₹1,357 crore.

₹1,736.00 apiece on the BSE. ICICI Lombard General Insurance Company posted a net profit of ₹519 crore in Q4FY24, registering a growth of 19% from ₹436 crore in the year-ago period. The company’s net premium written in the March quarter increased 18% to ₹4,767 crore from ₹4,047 crore, year-on-year (YoY).

large cap mutual fund, it is rational to examine the past returns delivered by the schemes across mutual fund houses to make an attempt towards gauging their long-term potential. Although investment experts often caution investors against deciding to invest in a scheme solely on the basis of its past returns, also known as historical returns, it is not wise to overlook this factor either. Here we filter out a number of large cap mutual funds based on their past returns across tenures such as one, three and five years.

Chennai Super Kings' four wins so far. The defending champions will also be relying heavily on Dube to help them reach the play-off stage.

₹48.20 crore on the 7th day of its release, according to Sacnilk. As per early estimates, the movie earned around 2.50 Cr India net on its seventh day for its Hindi original and all dubbed versions combined. The film stars Akshay Kumar, Tiger Shroff, Prithviraj Sukumaran and Manushi Chhillar.

IPL match. Rishabh Pant took two catches and made two stumpings against Delhi as Shubman Gill’s team got bundled out for 89. In addition, Pant made 16 off 11 balls in the low-scoring game and remained unbeaten while guiding Delhi home.

NBA has banned Toronto Raptors' Jontay Porter on Wednesday for violating gambling rules of United States, according to reports. The league mentioned in a report that Porter disclosed «confidential data to sports bettors, excluded his self participation in one or more games for betting purposes, and betting on NBA games.»

Dakota Johnson, renowned for her role in Fifty Shades of Grey, delves into a project showcasing her acting prowess. Daddio emerges as the ideal platform for this display, focusing on a profound exchange between two characters during a cab ride in New York City. Plot

Workers who help bring Disneyland’s beloved characters to life have filed a petition to form a labor union

Union Pacific dramatically reduced its use of temporary limits on some businesses’ shipments over the past year after its customers complained

Alaska Airlines briefly grounded all flights Wednesday due to a technical issue

Hathway Bhawani Cabltel & Datcom announced their Q4 FY24 results on 15th April, 2024. The company reported a decrease in revenue by 6.74% compared to the same period last year, with a loss of ₹0.01Cr.

Paris, while France will get a major host-nation bump from eighth to third, according to a forecast 100 days out from the opening ceremony. The Gracenote virtual medals table, which is compiled using results data from key global and continental competitions since the Tokyo Olympics, has the U.S. on top both on gold medal count (39) and total medal count (123). The U.S. will host the next Olympics after Paris in Los Angeles in 2028.

Reliance Industries' fast-moving consumer goods (FMCG) company clocked ₹3,000 crore sales in FY24, its first full year of operations, with beverage brand Campa Cola alone contributing ₹400 crore, said a senior industry executive aware of the plans. To put in perspective Reliance Consumer Products' (RCPL) performance, Emami with five decades of operations reported ₹3,400 crore sales in FY23, while oral care market leader Colgate-Palmolive (India) posted revenue of ₹5,226 crore the same year which marked its eighth decade of operations. Listed FMCG companies are still to declare financial results for FY24. RCPL formally began operations on November 30, 2022. RCPL, housing brands such as Campa Cola and Independence, aims to continue the sales growth momentum propelled by staples and beverages.

David Dodge, former deputy finance minister and governor of the Bank of Canada, said before the 2024 federal budget was presented that it would “likely be one of the worst in decades.” He wasn’t wrong. The budget Finance Minister Chrystia Freeland delivered Tuesday fails to address the biggest problem currently facing Canada — our declining standard of living.