BUSINESS
DLF slips despite strong Q4 results, positive commentary; brokerages raise target prices
DLF's revenue surged nearly 47 percent YoY to Rs 2,135 crore in the March quarter compared to Rs 1,456 crore reported in the year-ago period.
BUSINESS
Zomato stock extends losses on projected ESOP expense increase in FY25
Zomato’s ESOP cost almost doubled to Rs 161 crore in the March quarter, compared to Rs 84 crore in the year-ago period. Zomato management expects the ESOP charge to increase further in FY25.
BUSINESS
Zomato's in-line Q4 results prompt multiple target price hikes; 26% upside seen
Zomato’s path to profitability could be quicker than anticipated with improving contribution margins, according to Nuvama. Brokerages see up to 26 percent upside in the stock from the previous close.
BUSINESS
ABB stock zooms 11% to hit new high as March quarter results beat estimates; Motilal Oswal retains 'buy' call
According to Motilal Oswal, with ABB being a preferred choice as a quality player with full control over the value chain, it is benefiting from improved product mix, higher services share, better operating leverage, IT fee, and group management fee.
BUSINESS
Analyst Tracker: Wipro stock sees maximum pessimism in April on weak IT outlook
Out of the 46 analysts that have coverage on Wipro stock, 24 have a 'sell' call, 13 have a 'hold' call, and only 9 analysts are bullish with 'buy' calls, the Moneycontrol analysis showed.
BUSINESS
Bharat Forge's robust Q4 results prompt brokerages to raise target price; valuation concerns persist
Bharat Forge provides components and solutions to various sectors, including automotive, railways, defence, construction and mining, aerospace, marine and oil and gas.
BUSINESS
Muthoot Finance, Manappuram shares fall up to 8% on RBI's cash disbursal advisory
RBI, in an advisory, has asked NBFCs to stick to cash disbursal limit of Rs 20,000. This will cause a one-time impact on NBFCs that have a higher proportion of cash disbursals, said Ambit.
BUSINESS
L&T's in-line Q4 results keep brokerages positive, but weak guidance prompts target price cuts
L&T's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin for Q4FY24 came in at 10.8 percent, down from 11.7 percent a year ago.
BUSINESS
HUDCO, NBCC jump up to 8% on heavy volumes; Charts show bullish trend
HUDCO and NBCC shares jumped up to 8 percent on May 8 on heavy volumes. Both stocks look bullish on daily charts, according to analysts.
BUSINESS
Pidilite shares slump 5% on below-estimate Q4 results; analysts mixed on Fevicol maker
Shares of Pidilite fell over 5 percent on Wednesday, marking their biggest single-day drop in four months after its March quarter results missed street estimates.
BUSINESS
SRF's poor Q4 results, weak management commentary leave analysts mixed; stock falls
SRF's specialty chemicals business continued to face headwinds during the March quarter due to inventory rationalization by certain key customers, while performing better than Q3FY24, the company said.
BUSINESS
L&T Q4 results preview: Improved construction activity, order book to lift net profit, revenue
L&T is well-placed to benefit in the long run with strong tender prospects, significant traction in hydrocarbons, renewable energy orders from international markets like Saudi Arabia, said rabhudas Lilladher.
BUSINESS
Analysts turn bullish on Marico after Q4 results
Citi has reiterated its 'buy' recommendation on Marico but raised the target price to Rs 610 per share. Analysts anticipate an improvement in growth trajectory for FY25, driven by accelerated volume growth and pricing-led strategies.
BUSINESS
Blue Dart's in-line Q4 results impress brokerages; analysts see up to 26% potential upside
Blue Dart Express stock has fallen over 8 percent so far this year, underperforming benchmark Nifty 50 which has risen nearly 4 percent during this period.
BUSINESS
Adani Ports rises on robust Q4 results; brokerages raise target price on strong outlook
Adani Ports' execution capabilities and proven track record of volume ramp-up, providing confidence in cargo growth visibility, said Nuvama Institutional Equities.
BUSINESS
IPO wave shows no signs of abating in May; election clarity bolsters investor confidence
In 2024, Indian primary market bucked the two-decade trend of coming to a virtual standstill before a general election with record fundraising. Several issues are likely to be launched even in May as investors and companies are less uncertain about the outcome of the elections this year.
BUSINESS
Reliance Retail now bigger than ITC, HUL, DMart, Nestle, Britannia, Tata Consumer, and Godrej Consumer combined
Reliance Retail is being valued at over $100 billion by multiple brokerages.
BUSINESS
IndusInd Bank Q4 profit in-line; brokerages bullish, see 33% upside
IndusInd Bank's net loans grew 18 percent in the March quarter, outpacing a 14 percent growth in deposits. The bank also declared a dividend of Rs 16.50 per share
BUSINESS
PSU shipbuilders sail strong; Cochin Shipyard, Mazagon Dock, others gain up to 5%
Expectations of better turnover in Q4 and full FY24, coupled with block deals, especially in Cochin Shipyard, have led to a strong rally in the PSU shipbuilding stocks, says A R Ramachandran of Tips2trades
BUSINESS
Kotak Bank shares plunge 10% on RBI curbs; stock ratings, target prices cut
RBI has barred Kotak Mahindra Bank from onboarding clients due to supervisory concerns over their technology platforms. The action would inhibit growth projections that Kotak Mahindra Bank had set for itself, said analysts.
BUSINESS
RIL’s stellar Q4 performance delights street, spurs brokerages to raise target price
Reliance Industries strength lies in its ability to build businesses on a global scale and execute complex, time-critical, and capital-intensive projects, said Nuvama.
BUSINESS
Reliance Q4 preview: Revenue, EBITDA seen rising on robust digital, retail growth; O2C rebound likely
RIL Q4 Results preview: Clarity on the Rs 75,000 crore worth of announcements in the new energy business, growth in retail store additions, and any pricing action in telecom will be the key monitorables.
BUSINESS
ONGC gets bullish calls from Morgan Stanley, Jefferies, stock shows up to 37% upside potential
Jefferies has recently initiated coverage on ONGC with a 'buy' rating, driven by favourable crude and gas reforms as well as improved profitability
BUSINESS
Tesla's India entry fires up select stocks: Sona BLW, Samvardhana Motherson among 8 Indian suppliers in focus
The much-awaited announcement of Tesla's India entry will likely happen on April 22, after a meeting between Prime Minister Narendra Modi and billionaire Elon Musk, said a senior government official.
