Here‘s a list of top 10 stocks that are in news due to their Q4 earnings and other major developments.
Here’s a list of top 10 stocks that are in news due to their Q4 earnings and other major developments.
Maruti Suzuki reported stellar earnings beating street expectations on Monday with the fourth quarter profit rising a whopping 60.5 percent to Rs 1,284 crore compared to Rs 800 crore in the year-ago period.
Brokerage Barclays maintains ‘buy’ rating and raises target price to Rs 4,300/share from Rs 4,150/share.
Kotak recommends ‘buy’ raising the target price to Rs 4,500/share from Rs 4,300/share.
Macquarie maintains an ‘outperform rating and raises target to Rs 4,300/share (23 percent upside).
CLSA reiterates a ‘buy’ rating on the stock with a target price of Rs 4,450/share
Emami's delivery volume were 4.36 lakh shares versus 10-day average of 67,000 shares. The stock has corrected from Rs 1,140/share to Rs 934/share.
Bharti Airtel stock is down 1.8 percent. The delivery volume is at 1.39 crore shares versus 10-day average of 28.7 shares. The stock has corrected from Rs 425 to Rs 391.
Amtek Auto entered into share purchase agreement with Japanese company Asahi Tec Corporation to acquire various group companies.
The government has received complaints on alleged irregularities for
which were executed by Petronet LNG.
RBI said foreign institutional investors (FII) investment limit reaches trigger limit for Kaveri Seed.
Geometric reported a terrible fourth quarter with consolidated revenue (RD) at Rs 268 crore versus Rs 289 crore (down 7.3 percent) quarter-on-quarter (QoQ). The dollar revenue (RD) was at USD 42.9 m versus USD 46.6m (down 7.9 percent) QoQ.
Intellect Design also reported bad Q4 with dollar revenue at USD 25.67m versus USD 25.68m QoQ. The net income of the company came in at Rs 161.25 crore versus Rs 160.03 crore.
HIL reported strong set of Q4 earnings with net sales (GU) at Rs 273.4 crore versus Rs 237.4 crore (Up 15 percent) year-on-year. The company reported an EBITDA of Rs 24.8 crore versus Rs 16.7 crore due to inventory gains. Net profit was Rs 12.8 crore versus Rs 3.2 crore YoY.
Kirloskar Bros reported good fourth quarter with total income (GU) at Rs 544.5 crore versus Rs 488 crore (up 11.6 percent) YoY. The margins of the company were at 10.1 percent versus 8.7 percent YoY.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.