Having grown many fold in the last five years, the global crowd funding industry is nothing short of bullish.
The stock might be at negatively in opening trade but the fact that the overall sentiment is improving in terms of economic sentiments and given the fact that the order book continues to stay very strong, there will be a onetime reaction,â€ says Kunal Sheth of Prabhudas Liladher.
Cairn's onshore oil assets are the best in class and from that perspective, it is a disappointment for its shareholders. But with this deal, Vedanta will get access to cash generating assets of Cairn, which will help repair its balancesheet, says Piyush Jain of Morningstar Investment Advisers
Subsidiary and luxury car maker Jaguar Land Rover also registered a 32.7 percent decline in profit at pound 302 million against pound 449 million during the same period. Revenue grew by 8.9 percent year-on-year to pound 5,826 million during the same period.
Ambuja Cements missed Street expectations on Wednesday with the first quarter net profit falling 38.9 percent year-on-year to Rs 317.69 crore compared to Rs 520.01 crore in the year-ago period.
Piyush Jain, equity research analyst, Morningstar India believes the fresh order inflow number is encouraging. But it needs to be seen whether the greenshoots are showing on the domestic side, he adds.
The Lok Sabha has passed the Coal Mines Bill.
Larsen & Toubro‘s second quarter earnings were a mixed bag with revenues being ahead while hydrocarbon and metallurgical segments coming in as a disappointment, according to Morningstar India‘s equity research analyst Piyush Jain.
Mangesh Bhadang, Research Analyst, Quant Capital is a tad disappointed on the topline and PAT front and see limited upside for the stock. He would buy on dips and advices current investors to hold on.
Mayuresh Joshi of Angel Broking, market expert Ambareesh Baliga, Prayesh Jain, Associate VP - Research, IIFL along with Piyush Jain, Equity Research Analyst, Morningstar India share their outlook on RIL‘s earnings for Q2 and the way ahead for the company.
Consumer goods giant Hindustan Unilever today said it is looking at cornering over 13% of the shampoo market next fiscal with its leading hair care brand Dove in the next fiscal.