BUSINESS
Quess used by Prem-Watsa owned Fairfax Financial to manipulate profit: Activist investment firm Muddy Waters
Prem Watsa, known as the Warren Buffett of Canada, is the founder of Fairfax Financial Holdings. Fairfax has been increasing stakes in Indian companies, prominent among them apart from Quess Corp are Thomas Cook and Bangalore International Airport.
BUSINESS
Why Godrej’s new anti-mosquito agarbatti has got the markets buzzing
The anti-mosquito incense sticks business is currently a Rs 1,200-crore market that’s crowded by unorganised players. The company hopes to gain market share in the category because consumers will prefer to buy a safer Godrej product over that of some unorganised player.
BUSINESS
Tata Consumer Q3 preview: Revenue growth seen weak, but higher margin to aid net profit
Tata Consumer is likely to see a robust growth in net profit, aided by a healthy margin expansion, per experts in the third quarter for the current fiscal year.
BUSINESS
Nestle India Q4 results preview: Robust net profit, revenue growth eyed as volume, pricing improve
Nestle India is expected to report a 14.5 percent on-year increase in its fiscal fourth quarter net profit to Rs 721 crore,
BUSINESS
Lowering ENA costs in Budget will help alco-beverage industry, say experts
While no major announcements on duties are expected, measures to reduce agri-commodity prices might figure in the Interim Budget, experts feel.
BUSINESS
HFT Scan: Jindal Stainless, Kirloskar Electric Company see some actions
Dhanlaxmi Bank and Kirloskar Electric Company touched a 52 week high.
BUSINESS
Titan Q3 preview: Robust profit growth seen, sales may rise 25% on strong festive, wedding demand
The company is expected to report a 16.6 percent growth in net profit YoY to Rs 1,145 crore in Q3FY24, according to the mean estimates of five brokerage firms.
MARKETS
Diverse views among broking community on extended trading hours, says Madhabi Puri Buch
The broking community is a divided house and a lot of discussions are going on currently about the extended trading hours, Buch said at a Brokers Industry Standards Forum (ISF) event.
BUSINESS
HFT Scan: RITES, Steel Exchange of India record brisk business
RITES and Infibeam Avenues touched a 52-week high, while Steel Exchange of India closed higher.
BUSINESS
United Spirits to see limited upside in FY24 operating margins, says CFO Jain
United Spirits last quarter had guided a 15 percent operating margin for FY24.
BUSINESS
PSUs will disappoint, packaging could be a contra bet, says this leading AIF manager
Kunal Bhakta, Co-Founder, First Water Capital Fund, also says that they avoid IPOs as there’s a lot of fashion parading involved, where numbers are padded up to present a rosier picture.
BUSINESS
HFT Scan: Ircon International, Liberty Shoes see some action
Ircon International and Liberty Shoes touched 52-week highs, while Mirza International closed higher.
BUSINESS
Cycle of local players entering market almost over, says HUL's Rohit Jawa
HUL has taken price cuts in its laundry and skin cleansing portfolio due to moderating palm oil prices during the quarter. The result of which, HUL's homecare and personal care portfolio saw a -1 percent and flat revenue growth in the October-to-December quarter.
BUSINESS
HFT Scan: Zee Media and South Indian Bank see brisk trading
While South Indian Bank touched a 52-week high, Zee Media closed higher.
BUSINESS
Why was Asian Paints Q3 topline growth weak? CEO explains how price cuts hurt
The paints major is seeing some signs of recovery in its tier 3 and tier 4 cities, which they call as rural markets. These cities have seen a surge in economy range products, Amit Syngle, MD and CEO, Asian Paints
BUSINESS
HFT Scan: Multiplier Share & Stock Advisors net buyer in Integra Essentia, Perfect Infraengineer
While Integra Essentia Limited touched a 52-week high, MK Proteins touched a 52-week low.
BUSINESS
HUL Q3 preview: Price cuts may hit topline, weak festive demand to limit volumes
Profit is likely to remain flat at Rs 2,678 crore, a poll of six brokerages show. Slow volume growth due to a weak pick-up in rural demand and growing competition from small and regional players will weigh heavy on HUL's report card
BUSINESS
HFT Scan : QE Securities turns net seller in Motisons and RBZ Jewellers
While Dredging Corporation of India touched a 52-week high, RNZ Jewellers closed lower.
BUSINESS
Media stocks soar amid election advertisement spending boom
That apart, their relatively lower valuations make them an attractive pick for investors looking for pockets of growth opportunities.
BUSINESS
HFT Scan: Citadel Securities net buyer in Tourism Finance Corp and SBC Exports
High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds
BUSINESS
Avenue Supermarts Q3 preview: DMart revenue growth to slow, net profit may rise 16% YoY
Brokerages believe that discretionary demand remained weak during October-December even with the festival season falling into Q3FY24 instead of Q2.
BUSINESS
HFT Scan: HCC, Polycab India, ImagicaaWorld Entertainment see action
While Polycab India plunged, HCC and ImagicaaWorld Entertainment touched 52-week highs.
BUSINESS
HFT Scan: Indiabulls Real Estate, Den Networks, Motisons Jewellers see action
Indiabulls Real Estate, Den Networks, and Motisons Jewellers touched 52-week highs.
BUSINESS
HFT Scan: Ashoka Buildcon, Ease My Trip, Zee Media see action
Ashoka Buildcon touched a 52-week high, while Zee Media closed lower
