Target Financial News

26.07 / 08:21

COST UPS Target performer track For Tata Motors investors, everything is revving up rosy

₹665.40 apiece on Wednesday, propelled by better-than-expected Q1FY24 results and the recent announcement. Throughout 2023, a key factor fostering positivity in Tata Motors’ stock has been the significant enhancement in the performance of its British subsidiary, Jaguar Land Rover Automotive Plc (JLR), resulting in a more optimistic debt reduction and free cash flow (FCF) outlook. In Q1, JLR’s performance was bolstered by increased production, favourable mix, and commodity tailwinds.

26.07 / 08:07

COST Lowe's Target Progressive Remark Japan to maintain accommodative policy - govt official quotes BOJ's Ueda

TOKYO (Reuters) — The Bank of Japan (BOJ) will maintain accommodative monetary conditions for companies, Governor Kazuo Ueda was quoted as saying at a key government meeting on Wednesday.

26.07 / 07:37

UPS Target Puma singer Puma highlights 'volatile' demand after rise in second-quarter sales

By Linda Pasquini and Helen Reid

26.07 / 07:13

Target show reports Can Fin Homes shares tank 8% after firm reports Rs 38.5 crore fraud

Can Fin Homes tanked 8% to Rs 782 in Wednesday's trade on BSE after the company on Tuesday said that employees at one of its branches had committed fraud of nearly Rs 38.53 crore by transferring funds to different personal bank accounts. In an exchange filing, the company said that it estimates a one-time impact on its profitability of the same amount, without giving a timeline. It added that there was no impact on its assets or asset quality due to the incident.

26.07 / 07:13

Target performer Should you buy, sell or hold Asian Paints after mixed Q1 earnings?

Asian Paints on Tuesday reported a 52.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 1,550.37 crore, beating an ET Now poll estimate of Rs 1,407 crore. Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore.Morgan Stanley: Underweight | Target: Rs 2,702Morgan Stanley remains 'Underweight' on Asian Paints and puts the target price at Rs 2,702. Good growth across segments and market share gains from local players in the economy segment.

26.07 / 06:27

Target FIVE Digital CEO show performer CEAT shares rise 5% after Q1 profit jumps multifold

CEAT rose nearly 5% to Rs 2,592 in Wednesday's trade after the company reported over 14 times rise in consolidated net profit at Rs 144.6 crore in the June quarter. The company had posted a net profit of Rs 9.25 crore in the year-ago period. Its revenue from operations during the first quarter of the current fiscal stood at Rs 2,935.2 crore, registering a rise of 4.1% compared to Rs 2,818.4 crore in the year-ago period.

26.07 / 06:25

UPS Target CEO Platform Software TCS IT firms must use this slump to reinvent themselves

The Q1FY24 results of the IT industry are the worst in recent times in terms of revenue growth and profits, but there's no reason to feel too downbeat. The guidance of the ‘Big Four’ – TCS, Infosys, Wipro and HCL Tech – indicates that FY24 could be a fallow period that the IT industry could use to regroup and consolidate. While things are bound to get better as global growth improves, a big rebound doesn’t seem likely in FY24.

26.07 / 06:23

Target SPY track Aston Martin posts smaller quarterly loss, keeps 2023 forecast

(Reuters) — British luxury carmaker Aston Martin kept its 2023 forecast unchanged on Wednesday after reporting a smaller pretax loss for the second quarter, helped by higher sales.

26.07 / 06:23

Target Reuters Stellantis Stellantis operating profit rises 11% in H1 topping forecasts

MILAN (Reuters) — Carmaker Stellantis said on Wednesday its operating profit rose 11% in the first half of this year, whit revenues also increasing thanks to higher vehicle shipments.

26.07 / 06:11

COST UPS Target Reuters Progressive Drop Costs Deutsche Bank beats expectations despite 27% drop in profit, jump in costs

Deutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second quarter of 2023, narrowly beating expectations despite a 27% year-on-year decline.

26.07 / 06:07

UPS Target Hold Jubilant Foodworks, target price Rs 490: Prabhudas Lilladher

Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 30705.90 Crore) operating in Tourism & Hospitality sector. Jubilant Foodworks key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 1343.88 Crore, up 4.21 % from last quarter Total Income of Rs 1289.60 Crore and up 6.17 % from last year same quarter Total Income of Rs 1265.75 Crore.

26.07 / 06:07

UPS Target show Buyback week L&T shares jump 4% to 52-week high post Q1, buyback announcement. How to trade now?

Top brokerages Jefferies and Kotak Institutional Equities have come out with their views on the stock. While the former has a 'Buy' stance, the latter recommended 'Reduce', calling the valuation expensive. L&T reported a 46.5% year-on-year (YoY) growth in consolidated net profit for the quarter ended June 2023 to Rs 2,493 crore.

26.07 / 06:05

Target show Oil creeps lower with Fed hike, U.S. inventories in focus

Investing.com — Oil prices fell slightly on Wednesday as investors hunkered down before a widely-expected rate hike by the Federal Reserve, while signs of a potential build in U.S. inventories also weighed.

26.07 / 06:05

UPS Lowe's Target show performer Asia FX slips as Fed hike approaches, Aussie slides on weak CPI

Investing.com — Most Asian currencies retreated on Wednesday, while the dollar steadied as investors hunkered down before a widely expected interest rate hike from the Federal Reserve.

26.07 / 05:55

Target FIVE Progressive Action band share price fall Asian Paints share price extends fall after Q1 results; Should you buy, sell or hold? Check what brokerages have to say

Asian Paints share price fell nearly a percent on Wednesday, extending its decline from a 4% fall witnessed in the previous session, after the company declared its Q1 results. The paint maker reported a consolidated net profit of ₹1,574.84 crore in the first quarter ended June 2023, recording a 52% growth from ₹1,036.03 crore in the corresponding quarter last year.

26.07 / 05:55

UPS Lowe's Target Strategy Yellow Gold price today: Rates inch up ahead of US FOMC outcome; what should be your strategy for gold today?

Gold and silver prices were modestly up on Tuesday, as caution prevailed ahead of the US Fed's monetary policy meeting. Experts pointed out that the US consumer confidence data was better than expected, the highest levels since July 2021. Despite upbeat US consumer confidence data, gold and silver recovered from their lows amid expectations of dovish comments from the Fed Chairman in its policy meetings.

26.07 / 05:53

COST UPS Target FIVE performer Gold miner Perseus’ $771m cash dilemma

Gold miner Perseus could pay bonus shareholder returns next month after smashing full-year production targets, almost doubling its cash reserves and deferring one of its major spending options because of an African civil war.

26.07 / 05:05

Target Buy Vedanta, target price Rs 375: Equity99

Vedanta, incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 103078.13 Crore) operating in Diversified sector. Vedanta key Products/Revenue Segments include Aluminium, Copper Cathodes, Oils, Pig iron, Iron Ore, Others, Power, Other Operating Revenue, Metallurgical Coke, Export Incentives, Scrap for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 34279.00 Crore, down -11.27 % from last quarter Total Income of Rs 38635.00 Crore and down -12.90 % from last year same quarter Total Income of Rs 39355.00 Crore.

26.07 / 05:05

UPS Target JPMorgan Enterprise UBS Qatar sovereign fund may invest $1 billion in Reliance Retail; RIL shares jump 2%

Reliance Industries (RIL) on Wednesday jumped 2% amid a report that billionaire Mukesh Ambani may rope in Qatar Investment Authority (QIA) to pick up a minority stake in Reliance Retail. Qatar’s sovereign wealth fund is in talks to buy stake in Reliance Retail and is said to be considering a $1 billionn investment giving it a stake of about 1% and valuing the business at around $100 billion, the Financial Times reported today. Following the news, RIL shares rallied 2% to hit day's high at Rs 2,533.45 on BSE.

26.07 / 04:25

UPS Target Booking Buyback share price week L&T share price hits 52-week high after strong Q1 results, share buyback announcement

₹2,670.00 apiece on the BSE. The engineering and construction major L&T posted a consolidated net profit of ₹2,493 crore in the first quarter of FY24, higher by 46% than ₹1,702 crore during the corresponding quarter in the previous fiscal year. L&T reported 34% YoY growth in consolidated revenues, reaching ₹47,882 crore from ₹35,853 crore, with international revenues contributing 40% of the total.

26.07 / 03:59

COST Target Reuters Remark band show Future IMF urges BOJ to move away from yield control, prepare for future tightening

By Leika Kihara and Andrea Shalal

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