Engineering major Larsen & Toubro announced its financial result for financial year 2022 on May 12. The management said it was a challenging year due to COVID-related disruptions, geopolitical tension, and deferment of orders in the home market. The company has given a guidance of 12-15 percent growth in order inflow and revenue for 2022-23. It also announced that it has finalised its five-year strategic plan, Lakshya’26, which will increase its revenue to Rs 2.73 lakh crore by FY26 from 1.36 lakh crore in FY21. L&T’s CEO and managing director SN Subrahmanyan spoke to Moneycontrol’s Rachita Prasad.
Benchmark indices erased all the intraday gains and ended lower for the sixth consecutive session on May 13. On the sectoral front bank, metal and power indices ended 1-2 percent lower, while auto, FMCG, and pharma indices rose 1-2 percent. BSE midcap index rose 0.8 percent and smallcap indices added 1.3 percent.
You can look at health policies with co-pay or sub-limits to keep a tight lid on premiums, but do note that such restrictions will also lead to inadequate coverage.
In the latest edition of Markets Weekly, we take stock of the market mood with Sunil Subramaniam of Sundaram Mutual. Watch the video as he shares his insight on investing amid volatility, navigating periods of sell-off and big trends to watch out for, in conversation with Karunya Rao
At the current market price, Ramkrishna Forgings is trading at 9.4 times FY24 projected earnings, which is reasonable. And we advise investors to buy this stock for the long term. Here’s why
Markets tanked for the fifth consecutive trade session today with Nifty falling below 17800 points during intraday trade. Investors sold aggressively amid rising concerns related to inflation and rising interest rates.
The company has reduced the share of raw materials imports from China
Ind-Ra argues that the PLI scheme for speciality steel will help the domestic industry update technology, be cost competitive, and move up the value chain. However, certain challenges need to be overcome to make the scheme more inclusive
The company's Mundra and coal business reported loss on an integrated basis in March 2022 quarter
One of the fastest growing QSRs in India, Devyani International is reaping the benefits of restructuring of business model, leading to the company posting a profit in FY22 after a long gap. Should you invest? Watch the video to find out
The combined entity can target $100 million projects, currently largely restricted to frontline IT services companies
Benchmark indices fell 1.5 percent on May 6 with the Nifty closing below 16,500 on worries over interest rate hikes. Among sectors, metal and realty indices fell 3 percent each, and the IT index was down 2 percent, however, the power index rose 0.5 percent.
The Rs 650 crore Oaknet Healthcare acquisition gives Eris a foothold in the dermatology therapy drugs segment
MC Pro recommends investors to accumulate Hero MotoCorp, a fundamentally strong and well-run business, which is valued reasonably. Watch the video to know why we like the stock
Market erased most of the intraday gains and ended on a flat note in the highly volatile session on May 5 with the Nifty closing at 16,683 and Sensex ending at 55,702. Among sectors, power, capital goods, and IT indices rose 1-2 percent each. However, realty, FMCG, and pharma indices fell 0.5-1.5 percent. BSE midcap and smallcap indices ended marginally lower.
Simply Save is a weekly personal finance podcast from Moneycontrol. Here, we talk money and everything around money management, mutual funds, insurance, estate planning, how to make your next 1 crore rupees and such interesting conversations. Everything that helps you become a better saver and investor.
EU has proposed a ban on Russian oil & gas as it plans to phase them out in six months. Watch Karunya Rao and Manisha Gupta dissect market impact.
RBI Governor on May 4 announced repo rate hike of 40 bps spiraling the markets downwards with Nifty closing below 16,7800 and Sensex closing at 55,669. All the sectoral indices ended in the red with auto, bank, FMCG, power, metal, realty, healthcare, capital goods indices down 1-3 percent. BSE midcap index shed 2.63 percent and the smallcap index fell 2.11 percent.
Saregama trades at an FY24 PE of 42.5x, above international peers like WMG & UMG. Investors should use market volatility to build a position in the stock. Here’s why
Metals are witnessing a consistent decline in prices due to concerns of weak global growth and prospects of aggressive Fed Policy. Watch Karunya Rao and Manisha Gupta discuss the impact of declining metal prices on the markets.
IndusInd Bank has been an outperformer in the past three months, not only within the banking pack but also with respect to the benchmark Nifty50. And MC Pro believes it has further scope for re-rating. Here’s why
Benchmark Indices recoup early losses to end flat with Nifty ending a little over 17,000 and Sensex closing at 56,976. Buying was seen in the FMCG, metal, power and realty names while capital goods, auto and IT indices fell a percent each. The BSE midcap index fell 0.5 percent and smallcap index shed 0.9 percent.
The government should come up with focused measures to plug loopholes that plague the entire electricity value chain
In today’s edition of Moneycontrol Pro Panorama: IHCL in a sweet spot, Startup Street, Facebook’s key shift, and much more
Markets rallied at the last expiry of the month with Nifty ending above 17,200 and Sensex closing at 57521. Among the sectors, FMCG, financial, IT and Oil & Gas rallied while the midcap & smallcap indices also ended in the green.