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State-owned Steel Authority of India (SAIL) around 65% fall in its consolidated net profit at ₹542 crore in the December 2022 quarter, on account of higher expenses as compared to ₹1,528 crore in the year ago quarter. SAIL, under the Ministry of Steel, is a leading steel manufacturing company with an annual capacity of around […]
The 25% year-on-year (YoY) increase in allocation towards road outlay for the current fiscal year gives new hope for growth in the road space in FY24, said brokerage and research firm Nuvama Research, adding that companies with healthy balance sheets such as PNC Infratech and KNR Constructions remain its top picks in the Infrastructure sector. […]
Eicher Motors Ltd reported an over 62% rise in consolidated net profit at ₹741 crore for the third quarter ended December 31, 2022 (Q3 FY23), riding on strong sales, as compared to ₹456 crore in the same period last fiscal. The company said its commercial vehicle joint venture Volvo Eicher Commercial Vehicle (VECV) recorded its […]
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Beauty and fashion firm FSN E-Commerce Ventures Ltd, parent of cosmetics-to-fashion retailer Nykaa, reported about 71% slump in the net profit for the third quarter ended December 2022 of the current fiscal (Q3 FY23) at ₹8.4 crore as compared to ₹29 crore in the year ago quarter. Still, the company witnessed a 33% growth in […]
The chart pattern suggests that if Nifty crosses and sustains above 18,000 level it would witness buying which level it would witness buying which would lead the index towards 18,300-18,500 levels, said domestic brokerage and research firm Axis Securities which expects Nifty to trade in the range of 18,500-17,300 with mixed bias for the week. […]
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Shares of PB Fintech Ltd (Policybazaar) surged more than 2% to ₹545 apiece on the BSE in Monday’s trading session after the company’s net loss narrowed to ₹87 crore during the third quarter ended December 2022 as compared to ₹298 crore loss in the year ago period. Its revenue from operations rose 66% year-on-year (YoY) […]
Shares of National National Aluminium Company Limited (NALCO) surged more than 2% to ₹78 apiece on the BSE in Monday’s opening deals even as the aluminium maker and seller reported a 69% decline in its consolidated net profit at ₹256 crore for the quarter ended December 31, 2022 as compared to ₹830.67 crore in the […]
Morgan Stanley made a preference for the broad market and stock picking over large caps and macro investing amid India’s relative valuations implying that its recent underperformance may continue for a few more weeks, said the brokerage. Among the most important catalysts are the market’s view on the 2024 general election outcome – something that […]
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Even as online food delivery platform Zomato’s net loss widened for the third quarter ended December 2022 due to higher expenses and slowdown in food delivery business, it posted a better-than-expected rise in revenue and said its core earnings briefly turned positive in January, helped by an increase in orders. Order volumes at food delivery […]
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After their respective earnings for the third quarter ended December 2022 (Q3 FY23), global brokerage Jefferies has recommended Buy ratings on two Adani Group stocks – Adani Ports and Special Economic Zone (APSEZ) and Ambuja Cements. Jefferies on Adani Ports “Q3FY23 results were weak due to higher consolidation expenses, and we lower FY23E-25E EPS by […]
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