Mumbai: Anchored by a strong performance in its cement and financial services businesses, Grasim Industries clocked in a 13% growth in its consolidated revenue for the March quarter, which took it to an all-time high of ₹37,727 crore. While operating profit of the flagship company of the Aditya Birla Group jumped by a little over … Read more
Mahindra & Mahindra. Share Price 2156.35 03:59 PM | 30 Apr 2024 94.30(4.58%) Power Grid Corporation of India. Share Price 301.85 03:59 PM | 30 Apr 2024 8.16(2.78%) Shriram Finance. Share Price 2551.70 03:59 PM | 30 Apr 2024 59.50(2.39%) Hero MotoCorp. Share Price 4543.05 03:59 PM | 30 Apr 2024 85.36(1.92%) IndusInd Bank. Share … Read more
Brokerage firm Jefferies has a hold rating on Trent, Goldman Sachs maintained a sell rating on PNB Housing, JPMorgan has a neutral stance on KPIT Technologies, and BofA Securities maintained a buy call on UltraTech Cement. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Trent: … Read more
Mumbai: Aditya Birla Group’s UltraTech Cement, Sajjan Jindal-promoted JSW Cement, and Lakshmi Mittal-promoted ArcelorMittal are among a dozen companies vying to acquire Vadraj Cement, formerly owned by ABG Shipyard, having secured creditors’ debt of about ₹8,000 crore, said people with knowledge of the matter. Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital … Read more
With the fourth quarter earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal … Read more
MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according … Read more
Brokerage firm Citigroup maintained a buy rating on UltraTech Cement but downgraded MGL to sell. Jefferies downgraded IIFL Finance to hold and JPMorgan maintained an overweight rating on RIL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on UltraTech Cement: Buy| Target Rs 11700 Citigroup maintained … Read more
ET Intelligence Group: Integrated marketing services provider RK Swamy plans to raise up to ₹423.5 crore through an initial public offering (IPO). This includes a fresh issue of ₹173 crore and an offer for sale (OFS) of ₹250.5 crore. Promoters Srinivasan K Swamy and Narasimhan Krishnaswamy and investors such as Evanston Pioneer Fund LP and … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
