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Electronics and electrical engineering company Siemens shares fell 2 percent intraday Thursday in addition to 2 percent loss in previous session after dismal performance in Q4FY16. Brokerage houses retained their negative outlook, saying valuations are still rich and quarterly operational performance was weak.
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Credit Suisse has maintained underperform call on Steel Authority of India (SAIL) as the stock remained expensive even at FY18 EBITDA (earnings before interest, tax, depreciation and amortisation) and any deleveraging looks unlikely till FY19.
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Quarterly smartphones shipment data by the International Data Corporation suggests penetration is, at least temporarily, losing steam.
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The brokerage house has maintained buy rating on them with revised target price at Rs 1,635 per share (from Rs 1,250 earlier) on Hindustan Petroleum Corporation, Rs 700 (from Rs 540) on Indian Oil Corporation and Rs 740 (from Rs 640) on Bharat Petroleum Corporation.
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The newly listed Thyrocare Technologies aims to maintain the revenue growth of 30 percent in FY17, says the CEO and CMD A Velumani, in an exclusive interview with CNBC-TV18.
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The company sold sugar at an average price of Rs 29 ex-mill in the fourth quarter of FY16, and the current ex-mill price has risen to Rs Rs 32.5, says Narendra Murkumbi, the co-founder of Shree Renuka Sugars.
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The company posted its gross margin at 46.8 percent and Abhijit Roy, MD & CEO of Berger Paints, expects the expansion to continue in the first quarter of FY17.
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The company paid a debt of Rs 275 crore in Q4 of FY16 and aims to repay Rs 215 crore more by September 2016, post which it will be left with Rs 600 crore, says Naval Cooper, CEO & MD of HeidelbergCement India.
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Infosys expects constant currency revenue growth in FY17 at 11.5-13.5 percent and dollar revenue growth at 11.8-13.8 percent over FY16, which is far better than industry guidance.
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Shares of Bharat Heavy Electricals (BHEL) rallied more than 3 percent on getting big EPC contract from country's largest power generation company NTPC.
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Mahesh Nandurkar of CLSA feels an earnings decline of 2 percent YoY in FY16 is likely to improve to 15 percent growth in FY17, helped by a low base. Earnings growth pick-up should be visible from the September 2016 quarter onwards, he says.
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A Citi Research report says that the government can achieve FY17 fiscal target without compromising on public expenditure.
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NHAI spent Rs 33,000 crore on road projects this year so far, an increase of 60 percent year-on-year, its Chairman Raghav Chandra tells CNBC-TV18.
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According to Harendra Kumar of Elara Capital, the stock is aptly priced currently and there is no reason for either re-rating or de-rating the stock.
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JSW Energy has not yet taken a decision on whether it wants to acquire 74 percent stake in Monnet Power, Chief Executive Officer Sanjay Sagar has told CNBC-TV18.
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IMF downgrades FY16 global GDP forecast to 3.4% The International Monetary Fund (IMF) says India will grow at the fastest among emerging economies.
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Mishra has an outperform rating on Tech Mahindra, HUL, UltraTech Cement and Tata Motors. He recommends trimming positions in SBI and Bharti Airtel.
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In an interview with CNBC-TV18, Ahluwalia Contracts' Deputy MD Shobhit Uppal said the company is confident of achieving its full year revenue target of Rs 1300 crore, despite logging only Rs 546 crore in the first half.
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In an interview to CNBC-TV18, Kishore Babu of Power Mech explains why the company is expecting to see a slump in FY16 revenues.
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The central government has notched up a fiscal deficit of Rs 3.78 lakh crore, or 68.1 percent of its full year 2015-16 target, during the first six months (April-September) of the fiscal year, data released today showed.
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TCS CFO Rajesh Gopinathan is confident the IT behemoth will make the transition and says its mammoth size will not be an "inherent disadvantage".
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A day after TCS posted a largely muted set of quarterly earnings, CEO N Chandrasekaran said the company was witnessing 'weak spots' in the business and said its constant currency growth could see a "gap of 1.5-2 percent...explained by softness" in certain areas of the business.
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The country's second largest IT company has revised its FY16 dollar revenue guidance to 6.4-8.4 percent from 7.2-9.2 percent, though it has maintained guidance at 10-12 percent in constant currency.
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According to the global financial services major, the FY16 fiscal deficit target of 3.9 percent of the GDP is likely to come under pressure on sluggish direct tax collection, likely shortfall in disinvestment proceeds and the recent adoption of a new pension scheme for the armed forces.
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The rating agency further said it has revised motorcycles outlook to flat growth and 7-10 percent growth for scooters besides maintaining 13-17 percent growth for medium and heavy commercial vehicles (MHCVs).
