The company reported over two-fold jump in its consolidated net profit to Rs 181.53 crore for the third quarter ended September 30, mainly driven by increased productivity and cost optimisation.
The company’s consolidated net profit increased 5.5 percent sequentially to Rs 2,191.7 crore for quarter ended September 2017.
In an interview to CNBC-TV18, Lalitabh Shrivastawa, AVP-BFSI at Sharekhan shared his views and readings on the numbers as well as on the stock.
Axis Bank posted disappointing Q2 numbers. In an interview to CNBC-TV18, Siddharth Purohit of SMC Institutional Equities gave his take on the stock.
Brokerages are largely upbeat about the core and operational performance and pin hopes on telecom business to turn profitable soon. Further, they also expect increase in GRMs as well.
In an interview to CNBC-TV18, Harshvardhan Dole of IIFL and Jal Irani, Senior VP-Institutional Equities & Research Analyst at Edelweiss Securities shared their views and readings on Q2 numbers of Reliance Industries.
Brokerages remain mixed on the results, but highlight that there were some sectoral gains seen in the September quarter performance.
The company is poised to grow from the boom in India’s retail space inspite of the high competitive intensity from large format stores and online portals.
The attractive valuation is in addition to other fundamental strengths like high margin and return ratios and a strong balance sheet.
The positive stance was due to future outlook and synergy gains from Videocon merger. The stock rallied as much as 6 percent in early trade Friday.
BHFC posted robust growth in revenues in the first quarter of FY18, riding on its performance in the exports market, especially in the US.
While optically, the aggregate earnings may not appear as a shocker, it nevertheless hides underlying weakness and a clear loss of momentum.
With stock trading at 19x FY19 PE and growth dependent on the challenging US business, Jefferies said it maintained hold rating with increased target price at Rs 510 (from Rs 480 earlier).
Bank of Baroda's total stressed assets increased from 10.8 percent to 11.7 percent sequentially. Net interest income was up 1 percent YoY and profit tanked 52 percent to Rs 203.4 crore in Q1.
The company continues to leverage on its fundamental strengths optimally, as evident from the numbers in the quarter gone by.
JSPL is expected to post strong earnings growth led by higher steel volumes, gains from operating efficiency and deleveraging of the balance sheet.
While the business looks to be in fine fettle, it is going to be a slow and careful journey to convert into a full-fledged retail bank. The market appears to have priced in the “most optimistic” scenario in the current valuation.
We advise investors with a long-term investment horizon to capitalize on the current weakness to build long positions on the premise of growth in JLR business and a probable turnaround in the domestic operations.
Riding on the strength of Royal Enfield, Eicher Motors has yet again posted a healthy set of numbers for the quarter ended June 2017. But after the dream performance and an equally impressive run for the stock, should you be chasing it now?
The expansion plans/investments in new areas to reduce dependence on traditional businesses continued. The company is seeing nascent signs of recovery. Should investors put the stock back on their radar?
EU formulations contributed 25 percent to the total revenue registering a growth of 18.1 percent to a Rs.831 crore, led by an acquired business that has seen profitability during the year on the back of increased focus, product pruning and cost efficiencies.
Edelweiss also lowered its FY18/19 EPS by 20/10 percent to Rs 33/44.7. The research house maintained its hold rating on the stock with a target price of Rs 444.
The company delivered a strong performance in this quarter. It reported topline growth of 6 percent year on year at Rs 2,010 crore.
Strong leadership in FES, revival riding on rural growth, a slew of new launches and reasonable valuation make it a stock worth accumulating for long-term investors.
"We expect continued focus on the EU turnaround plans for much of the current fiscal year," JM Financial said while revising estimates upwards primarily on higher spreads at Corus at USD 75 per tonne FY18/19.