The share price of Vodafone Idea dropped by 14% on Friday, reaching a low of Rs 12.91 from the previous day’s close of Rs 15.09. This decline followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also signaled a potential downside of up to 83%. Based on the recent … Read more
A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy … Read more
Rajiv Rattan, Founder & Chairman, RattanIndia, says renewables could be a natural extension for the company and the cash coming out of the power business will give them the freedom to pursue anything related to energy. As and when they decide on that, they will announce to the markets. As the coal-based plant provides solid … Read more
Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward … Read more
Shares of Naukri.com’s parent company Info Edge (India) jumped 8% on BSE in Friday’s trade to the day’s high of Rs 6,338.55 as the firm reported a Q4 profit of Rs 211 crore, rising 18% year-on-year (YoY). Naukri’s revenues were recorded at Rs 608.3 crore, a 7.9% growth from the same period last year and … Read more
Naukri.com operator Info Edge on Thursday reported an 18% year-on-year (YoY) jump in its March quarter standalone profit to Rs 211 crore while its revenue recorded a 7.9% growth to Rs 608.3 crore. The company also announced a final dividend of Rs 12 per share for FY 2023-24. The company’s operating profit margins grew to … Read more
Pirojsha Godrej, Executive Chairman, Godrej Properties, says “the portfolio for new launches that Godrej Properties is actually quite a bit stronger in FY25 than it was in FY24. We hope to be able to build on the strong operating momentum we saw last year.” Godrej further says: “We expect to see very sharp growth in … Read more
Mumbai: Regular income, long-term cash flow visibility and better risk-adjusted returns have led to fund managers investing in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). These products, considered by fund managers as a separate asset class, deliver returns between equity and fixed income. As per data from Accord Fintech and the ET … Read more
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, has made a radical change in its go-to-market strategy by aligning its sales planning and demand forecasting to vehicle registration, becoming the first carmaker in the mass market to do so. Previously, the planning and forecasting were done based on retail numbers — cars … Read more
