Recommendations Financial News
24.05 / 21:19
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Pennar Industries Q4 Results Live : profit rise by 22.58% YOY
₹2.12 for Q4 which increased by 19.51% Y-o-Y.Pennar Industries has delivered 6.72% return in the last 1 week, 14.51% return in last 6 months and 15.2% YTD return.Currently the Pennar Industries has a market cap of ₹1938.5 Cr and 52wk high/low of ₹163.4 & ₹66.45 respectively.As of 25 May, 2024 out of 1 analysts covering the company, 1 analyst has given Buy rating.The consensus recommendation as on 25 May, 2024 was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹28.61CrQuestion : What is Q4 revenue?Ans : ₹822.8CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
24.05 / 16:47
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Massive wind farm proposal in Washington state gets new life from Gov. Jay Inslee
Washington Gov. Jay Inslee has rejected a recommendation to cut a proposal for what would be the state’s largest wind farm in half, giving new life to the $1.7 billion project
24.05 / 15:55
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Pharmaceuticals
Torrent Pharma board approves to raise Rs 5,000 crore
Torrent Pharma on Friday said its board has approved to raise funds up to Rs 5,000 crore for issuance of equity shares. «Recommended to the members to obtain enabling approval for issuance of equity shares including convertible bonds or debentures through Qualified Institutional Placement (QIP) and or any other modes for an amount not exceeding ₹5,000 crore in the upcoming Annual General Meeting (AGM),» the company said in a statement to stock exchanges.
24.05 / 15:45
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Karnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share
Karnataka Bank's net profit for the March quarter fell 23% at Rs 274 crore against Rs 354 crore owing to lower net interest income and higher staff and other expenses. The bank's operating profit for the quarter was also 27% lower at Rs 500 crore against Rs 686 crore.
24.05 / 15:45
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Hudco Q4 Results:Net profit rises 9% YoY to Rs 700 crore
Housing and Urban Development Corporation (Hudco) has reported a 9.6% year-on-year rise in net profit at Rs 700 crore against Rs 639 crore in the year-ago period. The company's total income for the quarter was 18% higher at Rs 2,194 crore against Rs 1,862 crore.
24.05 / 15:29
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ITR Filing for AY 2024-25: How will the new feature in AIS introduced by CBDT recently help taxpayers?
Question: When will ITR e-filing start this year? When can salaried taxpayers start filing their tax returns for AY 2024-25? Also, kindly enlighten us on the new AIS functionality.
24.05 / 15:29
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NTPC Q4 Results: Net profit drops 2% to ₹5,556 crore, revenue up 3% YoY; dividend declared
NTPC Q4 Results: NTPC announced its January-March quarter results for fiscal 2023-23 (Q4FY24) on Friday, reporting a drop of two per cent in standalone net profit at ₹5,556.4 crore, compared to ₹5,672.3 crore in the corresponding period last year. The state-owned power generator's revenue from operations in the fourth quarter of FY24 stood at ₹42,532 crore, registering a growth of three per cent compared to ₹41,317 crore in the year-ago period.The PSU's board recommended a final dividend of ₹3.25 per equity share for FY24.
24.05 / 14:55
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Aditya Birla Group crosses $100 billion market capitalization milestone
surge in 2024, Aditya Birla Group’s market capitalisation has crossed the $100-billion mark and outperformed both Sensex and Nifty. Successful completion of Vodafone Idea's Rs 18,000-crore follow-on public offering (FPO) has prompted a re-rating of most of the Aditya Birla Group stocks, which predominantly focuses on commodities. Vodafone has also nearly tripled its market cap in one year.
24.05 / 14:03
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Pharmaceuticals
Torrent Pharma Q4 Results: Net profit jumps 56% YoY to Rs 449 crore
Torrent Pharmaceuticals Ltd on Friday reported a 56.45 per cent jump in consolidated net profit to Rs 449 crore in the March quarter, riding on higher revenue. The company had posted a consolidated net profit of Rs 287 crore in the same period of the previous fiscal, Torrent Pharmaceuticals said in a regulatory filing. Consolidated revenue from operations in the fourth quarter of FY24 stood at Rs 2,745 crore as against Rs 2,491 crore in the year-ago period, it added.
24.05 / 11:59
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Nifty Bank rallies 1.6%; short covering may take index to 49,500 next week: Experts
Nifty Bank rose 1.6% for the week ended May 24, 2024, but it failed to close above 49,000. The index rose over 200 points to close at 48,971 while Nifty50 failed to hold on to record highs and closed marginally flat but with a negative bias. HDFC Bank led the gains followed by Axis Bank, Federal Bank and AU Small Finance Bank while some profit-taking was seen in SBI, IDFC First Bank and Bandhan Bank.
24.05 / 09:53
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How chefs select, source and use masalas
chaat masala by MDH is the king of all masalas," says Himanshu Saini, corporate chef of the hospitality brand Passion F&B that runs Michelin-starred restaurants Tresind and Avatara. Chef Manish Mehrotra uses it too. Using masalas right is both a skill and an art, and transforms the final taste of a dish.
24.05 / 07:31
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HUL revises its Board's skill matrix to keep pace with changing biz needs
HUL: Is another weak quarter a cause of panic for investors?"In view of the above, the Board of Directors based on the recommendation of the Nomination and Remuneration Committee approved and adopted the revised Board Skill Matrix of the Company on 26th February, 2024," the report added.HUL will become among the first of the large companies which officially adopts an additional set of skill sets that its Board must have. Wile earlier some of the prominent skill sets were defined as a must have for the Board, this is the first time HUL has measured the extent of these skill sets that the directors have.According to the skillset statistics shared in the report, HUL found out that while 92% of its Board had leadership experience, barely 33% were aware about the details of cybersecurity, data governance and information technology.
24.05 / 07:31
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ITC Q4 results review: Should you buy, sell or hold the FMCG major? Here's what 5 top brokerages say
₹435 and ₹515.The stock declined around 1 percent to its day's low of ₹436.90 in intra-day deals today, Friday, May 24. It has now corrected 12.5 percent from its peak of ₹499.60, hit in July last year but has advanced over 9 percent from its 52-week low of ₹399.30, hit on March 12, 2024.The stock has been mostly flat, up just 1.5 percent in the last 1 year, and has fallen over 5 percent in 2024 YTD.
24.05 / 06:41
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Crompton Greaves shares fall 0.67 per cent in Friday's trading session
Crompton Greaves Consumer Electricals Ltd. fell 0.67 per cent to Rs 390.95 in Friday's trade as of 11:51AM (IST) even as the benchmark Nifty ruled at 22969.55, up 1.9 points. The scrip had closed at Rs 393.6 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 410.0. The company quoted a market-cap of Rs 25319.12 crore on the BSE.
24.05 / 06:25
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International
Bikaji Foods International shares jump over 9% on robust Q4 results
Shares of Bikaji Foods International jumped 9.3% to Rs 583.9 in Friday's trade on BSE after the firm posted a massive 200% jump in net profit at Rs 116.3 crore in the quarter ended March 31, compared to Rs 38.67 crore in the year-ago period. Sequentially, the profit recorded a 153% jump compared to Rs 46 crore in the December quarter.
24.05 / 06:25
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Diplomatically, India is in a 'very sweet spot': Ex-South Korean Foreign Minister Dr. Kyung-wha Kang
Kyung-wha Kang, President and newly appointed CEO, Asia Society, a leading global think tank in an interview with ET's Dipanjan Roy Chaudhury described India as the fastest-growing economy with a lot more potential, and noted that India is diplomatically in a very sweet spot. All countries are courting India. And India has a greater role and greater space to have a voice in steering regional dynamics. Priority for Asia Society in India The Asia Society India Center fosters a nuanced understanding of Asia-Pacific affairs, with a focus on educational programming geared towards community-building in South Asia, and arts programming that encourages contemporary South Asian artists and engages arts enthusiasts and professionals. The Asia Society Policy Institute in Delhi, founded in 2022, conducts policy research and promotes increased awareness of India’s strategic priorities and decision-making. Building on the Asia Society India Center’s deep networks in business and arts, we’re working to foster more holistic engagement in India and South Asia.
24.05 / 06:05
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Updates
Page Industries Q4 Results Live : profit rise by 38.1% YOY
₹97.01 for Q4 which increased by 38.11% Y-o-Y.Page Industries has delivered -0.14% return in the last 1 week, -5.61% return in the last 6 months and -7.61% YTD return.Currently, Page Industries has a market cap of ₹39686.99 Cr and 52wk high/low of ₹42885 & ₹33070.05 respectively.As of 24 May, 2024, out of 20 analysts covering the company, 2 analysts have given Strong Sell rating, 4 analysts have given Sell rating, 5 analysts have given Hold rating, 7 analysts have given Buy rating & 2 analysts have given Strong Buy rating.The consensus recommendation as of 24 May, 2024, was to Hold.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹108.2CrQuestion : What is Q4 revenue?Ans : ₹995.35CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
24.05 / 06:05
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ITC Q4 Results Live : profit falls by 1.06% YOY
₹4.1 for Q4 which decreased by 0.03% Y-o-Y.ITC has delivered 2.29% return in the last 1 week, 0.23% return in the last 6 months and -4.49% YTD return.Currently, ITC has a market cap of ₹551013.2 Cr and 52wk high/low of ₹499.7 & ₹399.35 respectively.As of 24 May, 2024, out of 35 analysts covering the company, 3 analysts have given Hold rating, 18 analysts have given Buy rating & 14 analysts have given Strong Buy rating.The consensus recommendation as on 24 May, 2024 was to Strong Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹5120.55CrQuestion : What is Q4 revenue?Ans : ₹19446.49CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
24.05 / 05:49
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Finolex Cables shares surge over 14% to new high on strong Q4 results; company announces dividend
Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24).The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for the fourth quarter of FY24 as against ₹175 crore in the same period last year. On a sequential basis, the profit jumped over 23 percent from ₹151 crore in the previous quarter.Meanwhile, its revenue from operations increased 18.3 percent to ₹1,450.69 crore in Q4FY24 versus ₹1,226.14 crore in the corresponding period of the preceding fiscal.The stock rose as much as 14.3 percent to its new high of ₹1,308.25 in intra-day deals today.
24.05 / 04:49
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Indiabulls Housing Finance issues NCDs, offers 10.75% interest. Should you invest?
Indiabulls Housing Finance has issued the public issue of secured redeemable non-convertible debentures (NCDs). The coupon rate for these securities is up to 10.75 percent per annum. This is Tranche VI and the minimum amount for which one can invest is ₹10,000.
24.05 / 04:37
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Awfis Space Solutions IPO Day 3: Check latest GMP, subscription status. Should you apply?
₹598.93 crore from the issue. The bidding for Awfis Space Solutions IPO commenced on May 22 and will conclude on May 27.Awfis Space Solutions is the largest flexible workspace solutions company in India as of 9MFY24 providing solutions to small and medium enterprises (SMEs), based on the total number of centers.Let us check Awfis Space Solutions IPO GMP today, subscription status and review.Awfis Space Solutions IPO GMP today, or grey market premium today, is ₹100 per share, as per stock market observers.
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