BUSINESS
Stock market recovery cheers investors; hurdles may still crop up
The Sensex’s gains in July were the most in 11 months, but experts would prefer to wait before declaring that the market trend has finally reversed.
BUSINESS
Taking Stock | Another day of healthy gains; Sensex up 713 points, Nifty above 17,100
The Nifty metals index was up 3.86 percent, the IT index was up 1.7 percent and auto gained 1.3 percent
BUSINESS
Cipla Q1 Result | Consolidated profit declines 4% YoY to Rs 686 crore; revenue dips 2%
The company witnessed strong traction in its India and US businesses while the quarter was a subdued one for its business in SAGA (South Africa, Sub-Saharan Africa and Global Access) region.
BUSINESS
Sun Pharma Q1 Result | Consolidated profit rises 43% YoY to Rs 2,061 crore
Sun Pharma Q1 Result: The company's revenue was up 11% at Rs 10,762 crore from Rs 9,719 crore in the year-ago quarter
BUSINESS
Sun Pharma Q1 Results Preview | Profit may rise 16%; revenue likely to dip 13%
The YoY growth is likely to be driven by growth in US business, strong performance from specialty product portfolio, and modest growth in domestic formulations. Margins however, are likely to take a dent due to inflationary pressures
BUSINESS
Cipla Q1 Preview | Profit may decline 10% YoY on flat revenue
Brokerages expect a decline in domestic sales due to a high base of last year but a healthy YoY growth in the US, Europe and South Africa
BUSINESS
Shree Cement Q1 Results | Profit falls 52% despite 22% growth in revenues; power, fuel costs weigh
The YoY growth was aided by higher volumes and better realizations during the quarter, however, the profitability and margins were impacted by the surge in power & fuel costs.
BUSINESS
Bajaj Finance: Strong quarterly results enthuse confidence of doubling AUM by FY25
The management believes that the company has reached an inflection point in investments and has paused to find a sweet spot and the operating leverage will emerge eventually.
BUSINESS
Dr Reddy’s Q1 Results Preview | Profit may rise 47-50%; revenue likely to grow 11-12%
During the current quarter, Dr Reddy’s stands to gain from the receipt of $72 million from the settlement of the Suboxone dispute with Indivior.
BUSINESS
Taking Stock | Market snaps two-day losing streak; Sensex up 548 points, Nifty 16,600
The market seems to have factored in a 75 bps hike in rates by the US Fed but may see volatility on the monthly F&O expiry day and if the American central bank gets more aggressive, say analysts
BUSINESS
Shree Cement Q1 Preview | Higher volume, realization to drive revenue growth as operating costs hit profitability
The company is expected to report a PAT of Rs 488 crore while registering revenues of Rs 3,976 crore for the June ending quarter.
BUSINESS
Pharma Q1 Preview | A subdued quarter likely due to high base, rising costs and price erosion
Pharma Q1 Preview: Experts expect a 6-10 percent YoY sales growth in Q1FY23, however, on the operating front, they foresee an 8-10 percent YoY decline in EBITDA
BUSINESS
Fed meeting: 75 bps rate hike a certainty but 100 bps can't be ruled out
More than the quantum of the hike, the Fed’s guidance about the path ahead for interest rates will steer the markets
BUSINESS
Prashant Jain had trimmed his ‘contrarian’ bets ahead of his departure
The portfolio realignment of the three funds managed by the legendary fund manager has been underway for over a year shows a detailed look at the portfolio
BUSINESS
Tanla Platforms hits lower circuit after reporting weak results
The company faced operational headwinds such as pricing pressure in select pockets, and downtime due to platform modernisation of its legacy systems.
BUSINESS
Tata Steel Q1 Result | Consolidated profit falls 13% YoY to Rs 7,765 crore
The performance for the quarter was impacted by the higher pet coke prices which resulted in an increase in operating costs, while the export duty imposed by the Government of India, choked up the exports which had a negative impact on the volumes.
BUSINESS
L&T Results Preview | Profit may grow 55% in Q1 on lower commodity prices
The softening of commodity prices, especially steel helped maintain the margins on a yearly basis, and strong execution across projects aided growth in L&T’s EPC (engineering, procurement and construction) revenues during the quarter.
BUSINESS
Tata Steel Q1 Preview | Macro factors may lead to a double-digit dent in profit, revenue
The performance of the company during the quarter was impacted by decline in volumes due to the imposition of export duty as well as increase in coking coal costs which inflated the operating costs.
BUSINESS
Infosys Q1 Result | Profit rises 3.2% YoY to Rs 5,360 crore; revenue jumps 23.6% to Rs 34,470 crore
The company has increased its FY23 revenue guidance to 14-16 percent while margin guidance was retained at 21-23 percent.
BUSINESS
Infosys Q1 Preview | Profit to grow 5.5-9.5%; revenues to jump 21.5-22.5%
The growth is expected to be broad based across verticals driven by strong momentum in digital transformation programs. However, the cross currency headwinds may drag the growth momentum to some extent.
BUSINESS
Nifty IT trading below 200 DMA; how soon can you expect a turnaround?
Nifty IT Index has corrected 27 percent year-to-date due to rising supply side shortages, fall in margins, higher attrition, rising sub-contractor and travel costs, rate hikes by the US Fed, fears of recession and geo-political tensions in client-centric regions.
BUSINESS
JSW Steel Q1 Result | Consolidated profit slumps 86% YoY to Rs 838 crore, revenue up 32%
During the quarter, high inflation across major economies on the back of supply chain disruptions and the Russia-Ukraine conflict impacted the global economic outlook
BUSINESS
UltraTech Cement Q1 Results | Profit declines 7% to Rs 1,584 crore; revenue grows 28%
While headwinds arising out of rising cost pressure could put some pressure on the profitability of cement companies, the strong momentum in housing and government's thrust, the cement industry in India is set to see an upswing in demand in FY23
BUSINESS
JSW Steel Q1 preview | Low volumes, high input costs likely to result in a sluggish quarter
Brokerages expect volumes to grow on a yearly basis but export duty and high prices will likely weigh sequentially, while prices will continue to trend higher
