Domestic indices staged a dramatic rebound on Monday to settle higher, helped by buying at the fag-end. The 30-share BSE Sensex rose 111 points at 72,776 and the Nifty rose 48 points to 22,104.05. Stocks that were in focus include names like Varun Beverages, which rose 0.73%, BEML, which increased 14.5%, and Piramal Pharma, whose … Read more
Varun Beverages on Monday reported a consolidated net profit of Rs 548 crore, rising 25% year-on-year (YoY) for the quarter ended March 31, 2024, as compared to Rs 439 crore reported in the year-ago period. The revenue from operations for the reported quarter stood at Rs 4,398 crore which was up by 11.2% YoY over … Read more
The fourth quarter results season is coming to a fag-end, and analysts said despite earnings largely meeting expectations, there is a noticeable moderation in the overall earnings landscape. Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among … Read more
Brokerage firm Morgan Stanley initiated coverage on Varun Beverages with an overweight rating and maintained an Equal Weight rating on Apollo Tyres. Jefferies maintained a buy rating on IDFC First and JPMorgan upgraded HDFC AMC to overweight. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
“I think these are broadly the themes which from a stock market perspective could do well. Then, the power demand could go up and that could benefit some of the power companies supplying on merchant basis and I think that those stocks already also had some sort of run up because of this,” says Sandip … Read more
Bajaj Auto. Share Price 6986.50 03:59 PM | 03 Jan 2024 321.45(4.82%) Adani Enterprises. Share Price 3003.00 03:59 PM | 03 Jan 2024 70.60(2.40%) IndusInd Bank. Share Price 1601.15 03:58 PM | 03 Jan 2024 25.56(1.62%) Adani Ports & Special Economic Zone. Share Price 1094.25 03:59 PM | 03 Jan 2024 15.85(1.46%) ITC. Share Price … Read more
Benchmark indices went into a tailspin after hitting their fresh all-time high levels on Wednesday, closing down by over 1% as investors cashed in on the recent rally. Stocks that were in focus included names like Paytm, which fell 1.08%, Varun Beverages, which rose 6.62%, and Astral, whose shares declined 2.19% on Wednesday. Here’s what … Read more
