Shares of Hindustan Aeronautics (HAL) jumped 3% to a day’s high of Rs 4,787.70 on the BSE after the company reported a consolidated net profit of Rs 1,437 crore for the first quarter ended June 2024. This marks a 77% increase from Rs 814 crore reported in the same quarter last year. The company’s revenue … Read more
Sandeep Garg, MD, Welspun Enterprises, says they have been very consistent in their revenues. Coming to the profit margins, at a consolidated level, for this year, they should be in a position to deliver EBITDA of about Rs 700-750 crore range. Garg further says Welspun has been very selective in picking up the projects and … Read more
K Krithivasan, CEO & MD, Samir Seksaria, CFO, and Milind Lakkad, CHRO, TCS in conversation with ET Now. Krithivasan says: “We are in a happy situation with the results that we have got. We have never called out on the guidance or how things are going to be, but we have said that FY25 will … Read more
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets. Inox Wind BROKERAGE: AXIS SECURITIES Price Target: Rs 185 CMP: Rs 141.9 Upside: 30.4% Well positioned to capture wind sector market share with stronger financials and robust order book … Read more
Brokerages increased target prices up to Rs 180 for the auto components maker Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company’s total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 … Read more
Himanshu Mody, CFO, Suzlon Group, says Suzlon alone has a Make in India turbine, based on the principles of Atmanirbhar Bharat. The technology is their USP. It is the only turbine that is tailor-made or customised for India’s weather conditions, whereas most of the competition – whether from the west or the east – do … Read more
Anand Athreya, CEO & MD and Arnob Roy, COO & ED, Tejas Networks , in conversation with ET NOW. Though BSNL has given the biggest order, a significant amount of the order book is for other customers and for Tejas’ wireline products. The order book is mainly the business and tenders that they have won … Read more
