Latest Stock Market News
Eye On Earnings: What to expect from United Spirits, Lupin, BHELUpdated at : 2023-11-07 22:20:02 Rate this item (1 Vote)More than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday. |
What is a stock?Updated at : 2023-11-07 22:20:02 Rate this item (1 Vote)
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Saudi Aramco net profit drops broadly as expected, shares inch upUpdated at : 2023-11-07 22:20:02 Rate this item (1 Vote)Net profit fell to $32.6 billion for the quarter to Sept. 30, above the $31.8 billion expected by 12 analysts in a company-provided forecast. |
Alembic Pharma Q2 Results: Firm posts Rs 137-crore net profitUpdated at : 2023-11-07 21:25:01 Rate this item (1 Vote)Revenues grew 8% to Rs.1595 crore in Q2FY24 compared to Rs 1475 crore last year. The earnings before interest, tax, depreciation and amortization (EBITA) declined 6% YoY to Rs 218 crore. The EBITDA margins stood at 14% in Q2FY24. |
ET Market Watch: Sensex and Nifty end flat, Nifty Pharma shinesUpdated at : 2023-11-07 21:25:01 Rate this item (1 Vote)
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Eveready Q2 Results: Indian battery maker posts rise in profit on lower costsUpdated at : 2023-11-07 20:30:02 Rate this item (1 Vote)Quarterly expenses for the company, which also sells flashlights and lighting products like LED bulbs, fell 6% to 3.34 billion rupees, led by a nearly 15% decline in raw material costs. |
Tech View: Nifty looks confused after 3-day rally. Here’s what traders should do on WednesdayUpdated at : 2023-11-07 20:30:02 Rate this item (1 Vote)At the higher levels, the market could encounter strong resistance around 19500-19600 levels in the short term. Immediate support is placed at 19320 levels, said Nagaraj Shetti of HDFC Securities. On the derivative front, the strike of 19500 saw the highest call open interest (OI) while the strikes of 19450 saw the addition of the highest call OI indicating immediate resistance. |
Power Grid Q2 Results: PAT rises 5% YoY to Rs 3,834 crore; dividend declared at Rs 4/shareUpdated at : 2023-11-07 20:30:02 Rate this item (1 Vote)Revenue from operations, however, declined marginally by 0.5% on year to Rs 10,419.41 crore. The mainstay transmission business saw a 0.5% drop in revenue to Rs 10,359 crore. The consultancy business reported a 13% growth in revenue to Rs 157 crore. The operating profit, calculated as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose nearly 4% on year to Rs 9,207.32 crore. Operating margin improved 363 basis points to 88.37%. |
Alkem Laboratories Q2 Results: Net profit up 77% YoY at Rs 615 croreUpdated at : 2023-11-07 19:30:01 Rate this item (1 Vote)Total expenses in the quarter were marginally higher at Rs 2,797.66 crore, as against Rs 2,727.71 crore in the same period a year ago, the company said. |
Samvat 2080: Why Reliance & Poonawalla Fincorp are top picks for Dharmesh KantUpdated at : 2023-11-07 19:30:01 Rate this item (1 Vote)“Any cut in the interest rate will further fuel the lending side of the business and that is the reason why we have picked it up. From a target perspective, around Rs 450 is the target we are expecting on Poonawalla Fincorp from at least a year of holding. Price to book, it is expensive but that is how it is with the companies which are growing at a scorching pace.” |