Shares of HCL Technologies on Monday rose 4% to the day’s high of Rs 1,627 on BSE after the company posted 20% year-on-year (YoY) growth in its consolidated net profit to Rs 4,257 crore for the quarter ended June 2024. The profit for the same period last year stood at Rs 3,534 crore. The revenue … Read more
Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
Shares of Campus Activewear on Wednesday rallied 13% after the company reported a 42.6% YoY increase in its PAT for the fourth quarter of the financial year 2024. The company also posted a 4.6% YoY increase in revenue at Rs 363.9 crore while the EBITDA rose by 16% at Rs 66.4 crore vs Rs 57.1 … Read more
JP Morgan, the global brokerage firm, has upheld its ‘Overweight’ rating on LIC following the announcement of its Q4 results at a target price of Rs 1,340. This projection suggests a potential increase of 29% from the previous day’s closing price of Rs 1,035.8 per share. In its report, JP Morgan highlighted LIC’s strong performance … Read more
Shares of Divi’s Laboratories zoomed 5% on BSE in Monday’s trade to hit its fresh 52-week high of Rs 4,335 as brokerages like Motilal Oswal and InCred are bullish on the stock after the company posted a 68% year-on-year (YoY) increase in its Q4 profits at Rs 538 crore. The consolidated revenue in the reported … Read more
Shares of state-run Cochin Shipyard surged 10% to hit a new record high of Rs 2100 in Monday’s trade on BSE after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the … Read more
FMCG major ITC left investors little to chew on in its March quarter results with the shares falling nearly 1% to Rs 437.85 on BSE during the day but brokerages have raised target prices going up to Rs 540. Global brokerage firm Citi, which has a buy call on ITC, raised its target price to … Read more
Shares of defence PSU Bharat Electronics (BEL), which have jumped 160% in last one year, today rose over 9% on BSE to its fresh all-time high of Rs 282.80 after posting a 30% jump in the net profit to Rs 1,783.52 crore for the fourth quarter. The revenue from operations stood at Rs 8,528.54 crore, … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
Shares of IEX surged 9% in the last 3 trading sessions on reporting Q4 profit after tax (PAT) at Rs 95.1 crore. IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024. For fiscal year 2024, … Read more
