BUSINESS
Inox Green Energy Services IPO opens tomorrow: 10 key things to know before subscribing
The company intends to use the net proceeds from the fresh issuance to part finance its need for prepayment/repayment of certain borrowings in full or part (Rs 260 crore), and for general corporate purposes.
BUSINESS
Hindalco Q2 Preview | Profit to drop 30% on LME price slump, operating cost surge
According to a poll of brokerages conducted by Moneycontrol, the consolidated PAT for the quarter is expected to range around Rs 2,400 crore while consolidated revenues are likely at Rs 51,280 crore.
BUSINESS
Kaynes Technology India IPO opens today: 10 key things to know before subscribing to the issue
Kaynes reported a profitable business growth over FY19-22 and the company is profitable every year since its inception in 1988.
BUSINESS
AGI Greenpac’s acquisition of HNG may be challenged by rival bidder
AGI’s resolution plan was cleared by the lenders even though it is yet to get approval of the Competition Commission of India as required.
BUSINESS
India Inc throws up a mixed bag in Q2 amid global headwinds, local play stays strong
Excluding global cyclicals, profits of the Nifty50 companies would have grown 25 percent on-year, while, excluding BFSI companies, profits would have decreased 14 percent, say analysts
BUSINESS
Taking Stock | Strong results over the weekend and FII buying lift Nifty past 18,200
Better-than-expected results by banking majors Bank of Baroda and State Bank of India aided the sentiment. That apart, global markets displayed strength following a strong closing by the US markets on Friday.
BUSINESS
Nifty50 companies show bleak chances of earnings upgrade, only financials shine
Weak economic recovery, coupled with lower-than-expected quarterly earnings, slow growth in consumption space and likely slowdown in GST collections are some of the hurdles to clear before we see any earnings upgrade
BUSINESS
Marico tanks over 6.5% after net profit dips 3% on tough macro factors
The company moderated the volume growth guidance to 5 percent from high single digit volume growth earlier
BUSINESS
Power Grid Corporation: Q2 Results Preview – Asset capitalisation to aid revenue growth
The key factors to watch out include capex and capitalisation during the quarter; upcoming opportunities in the transmission space and update on diversification into smart metering, green businesses and data centre
BUSINESS
Pain period likely over, cement makers set to deliver stronger in second half
Analysts expect the margin to recover third quarter onwards, driven by cost cool-off, rebound in cement prices and pick-up in construction activities
BUSINESS
Global Health IPO opens tomorrow: 10 key things to know
The company’s revenues have grown at a CAGR of 20 percent over FY20-22, led by an eight percent CAGR in bed capacity while occupancies improved 60 percent. Shares will be credited to the demat account of successful bidders by November 15. The stock will be listed on November 16.
BUSINESS
Bespoke stock picks by experts leave no clear favourites among sectors
The trend seems to be reversing for the IT sector as HCL Tech & Infosys see maximum upgrades in the past one month while HUL and Tata Motors were the top stocks to witness maximum downgrades
BUSINESS
Tata Steel Q2 profit plummets 87% even as revenue remains flat, misses estimates
The operating environment should gradually improve in H2FY23 on government measures and the margins should benefit across geographies from gradual recovery in Indian markets and favourable movement in raw material prices, especially coking coal, Koushik Chatterjee.
BUSINESS
DCX Systems IPO opens today: 10 key things to know before you subscribe to the issue
DCX intends to act as the domestic offset partner for various upcoming projects like automatic missile detection radars, HERON unmanned aerial vehicle systems, Barak systems and wants to diversify into electronic manufacturing services (EMS) for the aerospace & defence sectors.
BUSINESS
Tata Steel Results Preview: Declining prices, rising costs — a classic double whammy
Investors may focus on the management’s guidance on European operations, and the impact of the depreciating GBP.
BUSINESS
NTPC Q2 Result | Consolidated profit falls 7% YoY to Rs 3,418 crore
The consolidated performance for the quarter was impacted by a 6.2 percent rise in the fuel costs, which as a percentage of revenue came in at 62 percent as compared to 55 percent in the same quarter last year.
BUSINESS
Tata Power Q2 Results | Renewables power 85% rise in profit; revenue up 49%
The year-on-year growth in profitability and revenue was driven by increased contribution from the renewables portfolio as well as strong execution from Tata Power Solar.
BUSINESS
Taking Stock | Market hitches ride on Maruti's strong Q2 showing; Sensex closes in on 60k, Nifty above 17,700
Maruti Suzuki, Reliance, Apollo Hospital, NTPC and Hero Motocorp were the top Nifty gainers
BUSINESS
Vedanta Q2 Result | Consolidated profit declines 53% YoY to Rs 2,690 crore; revenue up 20%
The performance for the quarter was impacted by weaker commodity prices across its business segments, especially in the aluminium and oil & gas businesses.
BUSINESS
NTPC Results Preview | Output, capacity addition may power 11% rise in Q2 net profit
According to a poll of brokerages conducted by Moneycontrol.com, the standalone PAT for India’s largest power utility company is expected to be around Rs 3,560 crore, a YoY growth of 11 percent.
BUSINESS
It's chalk and cheese as IT services and cement stocks trade at same valuations
The multiples of cement and IT services are comparable and this is despite the inferior business model of the cement business in terms of financial returns, free cash generation and dividends. Kotak Institutional Equities sees a 50 percent slide in the stock prices of all top-4 cement firms in the medium term.
BUSINESS
Reliance Jio Q2 Result | Net profit rises 28% YoY, ARPU grows 23.5% to Rs 177.2
Performance was driven by higher net customer additions and increase in average revenue per user
BUSINESS
JSW Steel Q2 Result | Company swings to Rs 915 crore loss even as revenue grows 29% YoY
The performance for the quarter got impacted due to the sharp decline in steel prices in the domestic market driven by the meltdown in global commodity prices
BUSINESS
JSW Steel: Q2 Results Preview – Profit to tank due to lower realisations, higher operating costs
According to a poll of brokerages conducted by Moneycontrol, the steel company’s profit is expected to range around Rs 700 crore.
