BUSINESS
LTIMindtree : A merger of synergies gives entry into premier league of IT Companies
Experts expect the combined entity to show an enhanced top-line CAGR of 30.6 percent and PAT CAGR of 38.2 percent over FY22-24E.
BUSINESS
TVS Motor Q4 Results | Net profit declines 5% YoY to Rs 275 crore; revenue increases 4% to Rs 5,530 crore
This was the highest ever turnover and profit achieved during any financial year, as the company achieved one million two- wheeler sales in the exports market.
BUSINESS
Taking Stock | Profit booking results in flat closing for markets, Nifty ends below 16,700
US Fed’s decision to remain less hawkish with a 50 bps rate hike downplayed the investors' worries, helping the global markets to rally. Profit booking in the second half led the markets to pare all gains
BUSINESS
LIC IPO: India's biggest public issue ticks almost all the boxes on day one of subscription
A total of 10,86,45,360 shares received the bids as against the offered 16,20,78,067 equity shares, excluding shares offered to anchor investors, by 7:00 pm on the stock exchanges.
BUSINESS
Taking Stock | RBI rate hike stuns markets; benchmarks lose 2.3 percent
With the US Federal Open Market Committee meeting outcome later on May 4, volatility may remain at elevated levels in the coming sessions too. Investors need to be cautious, using dips to make fresh positions in fundamentally sound stocks.
BUSINESS
Tata Consumer Products Q4 Results| Profit jumps three-fold to Rs 239 crore; revenue rises to Rs 3,175.41 crore, meets expectations
The growth in revenues was driven by growth in its packaged beverages business, premium tea portfolio and India foods business.
BUSINESS
RBI’s rate hike shock sends markets spiralling lower
Tackling inflation risks is now front and centre and the RBI is expected to raise the policy rate by at least 50 bps in the June policy meeting
BUSINESS
LIC IPO opens today: 10 key things to know before subscribing to the issue
Key business strategy of LIC is to capitalize on the growth opportunities in the Indian life insurance sector wherein the total premium for life insurers is forecasted to grow at 14-15 percent CAGR over the next five years.
BUSINESS
Titan Company Q4 Preview | Standalone profit likely to grow 17%, despite a dip in revenues
Customer conversion and ticket sizes grew marginally YoY, while walk-ins saw minor decline; majority of the cities in India witnessed small declines in sales; plain jewellery category bore the brunt of price volatility in March leading to a slight decline in sales during the quarter
BUSINESS
LIC IPO opens tomorrow: Should you subscribe to the issue?
Brokerages unanimously recommend investors to subscribe to the issue as LIC’s current valuations are attractive, considering its strong market presence, and strong sector growth outlook. The discount to private players is justified, given the declining market share, lower short-term persistency ratios and sub-par margins, they say.
BUSINESS
HDFC Q4 Preview | Flat bottomline likely with low single-digit growth, topline may rise 7%
Strong retail disbursements and pick-up in developer segment have aided the growth in revenues. Margins are impacted due to moderation in yields and excess LCR requirements
BUSINESS
Britannia Industries Q4 Preview | Net profit may decline 1-5% despite 8-11% revenue growth
Volumes are impacted due to grammage reduction and price hikes and margins have contracted due to high raw material inflation
BUSINESS
IndusInd Bank Q4 Result | Consolidated profit rises 51.2% YoY to Rs 1,400.5 crore, NII grows 12.7%
The bank was able to reduce its gross and net NPAs while at the same time improved upon its capital adequacy ratio
BUSINESS
Maruti Suzuki Q4 Results | Key Takeaways
Although the four-wheeler maker reported a 57.7 percent increase in standalone profit after tax (PAT) during the quarter, the PAT declined by 12.3 percent for the full-year period.
BUSINESS
Maruti Suzuki Q4 Result | Consolidated profit rises 51% YoY to Rs 1,876 crore, revenue up 11%
Despite the growth, the company continues to feel the pain due to higher commodity prices and semi–conductor shortages.
BUSINESS
Wipro Q4 earnings today: Here is what to watch out for
Revenue growth will be powered by discretionary spending and success in mining large accounts. The EBIT margin for the fourth quarter are likely at 17.3 percent compared to 21 percent a year ago.
BUSINESS
UltraTech Cement Q4 Results Preview: Profit may decline 15-17%, but revenue expected to grow
Revenue growth will be driven by an increase in volumes coupled with an improvement in blended realisations. However, profit will be impacted by higher manufacturing costs because of the rise in pet coke and crude prices.
BUSINESS
Taking Stock | Positive global cues, RIL & HUL lift Indian indices
Volatility is expected to continue in the short term due to weakening global trade. Hence, investors should have rational expectations focusing on domestic growth sectors like CAPEX, banking, and defensive, say experts.
BUSINESS
LIC grey market premium hints at listing gain for IPO investors
LIC shares commanded an unofficial premium of Rs 45 over the higher end of the offer price band of Rs 902-949, indicating a 5 percent gain on listing, although this might change later.
BUSINESS
SBI Life Insurance Results Preview: Net profit may decline 10-30%, net premium income likely to grow 9-12%
Growth in net premium income is expected to be driven by strong distribution and deep penetration in both urban and rural markets.
BUSINESS
Bajaj Auto Q4 results | Profit rises 10.3 percent to Rs 1,469 crore YoY aided by an incentive receivable of Rs 346 crore, revenue declines to Rs 7,975 crore
The year-on-year decline in revenues for the quarter is a result of the significant drop in 2W volumes in both the domestic and export markets. Its CV volumes also declined in the export market which, however, was partly negated by the spike in volumes in the domestic market.
BUSINESS
HUL Q4 results | Profit rises 8.6% YoY to Rs 2,327 cr, revenue grows to Rs 13,462 cr
Despite the challenging circumstances, all business segments witnessed strong traction during the quarter and the calibrated price hikes implemented by the company helped protect its margins
BUSINESS
Rainbow Children’s Medicare IPO opens today – Should you subscribe?
"The target market is expected to grow at a compound annual rate of 14 percent till FY26. However, key would be sustained growth amid increased consolidation in healthcare space," ICICI Direct Research says
BUSINESS
HUL Earnings Preview: Single digit rise in net profit and revenues
Inflationary pressure on input costs and price hikes are seen impacting demand/volumes resulting in yet another subdued quarter
