BUSINESS
Brokerages stay bullish on Polycab after it records 81% rise in net profit
Brokerages maintain a buy order on Polycab.
BUSINESS
Hindustan Unilever Q1 Preview Net profit likely to rise 13.6% on volume growth
Revenue is forecasted to be around Rs 15,477 crore in the April to June quarter, with an expected increase of 9.1 percent year-on-year and 4.6 percent sequentially.
BUSINESS
Avenue Supermarts preview: Net profit expected to jump 6% in June quarter
Avenue Supermarts or Dmart has 327 stores as of June 30, said the company in its Q1FY24 update.
BUSINESS
Will PVR Cinemas’ Rs 99 burger affect its F&B revenues? What analysts say
According to analysts, the Food and Beverage segment contributes up to 30 percent of PVR INOX’s total revenue. The Food and Beverage revenue stood at Rs 1,618 crore in FY23, a growth of 11 percent year-on-year.
BUSINESS
HCL Technologies Q1 preview: Net profit likely to decline sequentially
Dollar revenues are expected to be around $3.27 billion in the April to June quarter, a 0.8 percent growth sequentially and a 7.8 percent growth year-on-year.
BUSINESS
Liquor firms raise a toast to recovery, Q1 may hint at good times ahead
Higher costs of raw material have affected margins, but companies are increasing prices and cutting costs to counter the impact.
BUSINESS
JioBharat phone as disruptive as Maruti 800; will spark price war, says market commentator Prakash Diwan
Diwan believes that Reliance Jio will effectively tap into markets devoid of internet coverage with the phone, thereby expanding its subscriber base.
BUSINESS
JioBharat launch to create challenges for other telcos: Deven Choksey
Choksey said that it would be tough for other operators to get in line with Reliance Jio as they have not invested in an ecosystem at the lower-end range of smartphones.
BUSINESS
Kotak downgrades Narayana Hrudalaya to 'reduce'
Narayana’s Return on Capital Employed (ROCE) has outperformed its peers. However this is due to the company’s operations in Cayman Islands.
BUSINESS
What Tata Technologies IPO mean for Tata Motors?
Tata Motors and Jaguar Land Rover are Tata Tech’s anchor clients.
BUSINESS
Tile stocks bounce back strong on softening fuel costs and high housing demand
This revival in tile stocks can be attributed to the optimistic outlook regarding the future surge in real estate demand.
BUSINESS
Road award dip in April-May will not impact long term goals, bullish on Infrastructure sector; say analysts
The total road awarding was hardly around 100 kilometers in April and May. Nonetheless, Axis Securities remains optimistic on the long-term prospects of PNC Infratech, HG Infra Engineering Limited, and KNR Constructions.
BUSINESS
Maruti Suzuki starts pre-launch bookings of Invicto, analysts give thumbs up to hybrid models
According to Bloomberg consensus, MSIL stock has 38 buy calls, 7 hold and 5 sell calls on it.
BUSINESS
Nifty Auto in the fast lane, races up 20 percent in 75 days
However, volume growth is expected to moderate in the passenger vehicle, commercial vehicle and tractor segments. If El Nino doesn’t affect tractor demand, the segment may see a bump in sales
BUSINESS
Jefferies sees 15% upside to Dalmia Bharat on the back of capacity expansion
Jefferies is positive on Dalmia Bharat as it expects a growth in public infrastructure and housing, where cement is used as a raw material.
BUSINESS
New projects to drive growth for Oberoi Realty, Motilal Oswal sees 16% upside
Oberoi Realty plans to launch two projects in Thane in the current financial year. The real estate firm is expected to buy around 50 acres in Gurugram and is also in talks to purchase land in Mumbai’s Andheri, the brokerage has said
BUSINESS
PVR INOX’s fortunes in FY24 hinge on content, says Nuvama
April had a good start with films making almost Rs 620 crore at the Indian box office, Nuvama said, citing Ormax.
BUSINESS
Nomura sees September quarter inflation at 4.4%, lower than RBI's 4.6%
Nomura, however, expects a slower year-on-year GDP growth at 5.5 percent for FY24 against RBI’s projection of 6.5 percent
BUSINESS
TCS in a state to tackle weak macro-economic demand, Motilal Oswal maintains buy
Major margin dilution for TCS was from the manufacturing segment, which was down by 260 basis points.
BUSINESS
REITs take a push back on realty’s strong performance after rate pause
Embassy Office Parks REIT and Mindspace Business Parks REIT have underperformed Nifty Realty in the last two months when the central bank paused rate hikes.
BUSINESS
Sugar stocks in a sweet spot, El Nino arrival sparks shortage fears
The US National Oceanic and Atmospheric Administration's Climate Prediction Center said on June 8 that El Nino has kicked off. The weather pattern has often been associated with inadequate monsoon rains in India, the world's biggest sugar producer
BUSINESS
FMCG stocks under pressure on El Nino uncertainties flagged by RBI governor
HUL was down 1.17 percent, Nestle India 0.8 percent and Tata Consumer Products 0.9 percent after the RBI cited El Nino concerns for inflation
BUSINESS
Cheap Russian crude imports turn not so profitable for Indian oil companies
IOC and BPCL have reported a strong GRM as compared to large independent refiners such as Reliance Industries Limited, Chennai Petroleum Corporation, and Mangalore Refineries and Petrochemical Limited.
BUSINESS
Morgan Stanley upbeat on consumer sentiment, bullish on Bharat
Morgan Stanley expects India's consumer sentiment to show improvement. CPI is forecasted to be at 5.2 percent in FY24. GDP growth rate projected at 6.2 percent for FY24.
