Other companies that LIC increased its stake in include Ador Welding, Poonawalla Fincorp, Apollo Tyres, and Titan Company, among others
Reliance Industries: Nomura India said RIL’s 1QFY25 consolidated Ebitda may fall 7 per cent sequentially to Rs 39,400 crore, as sustained growth across consumer facing businesses of Jio and Retail will be offset by a sharp decline for O2C.
Zomato: Goyal held 36,94,71,500 Zomato shares, accounting for 4.26 per cent stake in the company. Those 36.94 crore shares at Monday's record high of Rs 232 were worth Rs 8,571.74 crore.
JM Financial expects BHEL’s revenue to rise 27 per cent YoY, driven by robust order book in power segments. It sees Suzlon Energy's sales to increase 36 per cent YoY on account of higher dispatches in spite of lower commissioning of WTG.
The IREDA stock climbed 8.90 per cent to hit an all-time high of Rs 310 on BSE. PhillipCapital's target price of Rs 130 on the counter suggests a potential 58 per cent downside over the prevailing price.
Zomato: ICICI Secuirties expects Zomato’s food delivery gross order value (GOV) to grow 22.9 per cent YoY in the June quarter. It anticipates food average order value (AOV) to remain flattish sequentially and up 2 per cent YoY.
IREDA, whose shares rallied 172 per cent year-to-date and 375 per cent in the past one year, said its outstanding loan book stood at Rs 63,207 crore in Q1 against Rs 47,207 crore in the year-ago quarter, up 34 per cent.
Aurobindo Pharma said its board will meet on Thursday, July 18, 2024 to consider, inter alia, a proposal for buyback of the fully paid-up equity shares of the company.
JFS is a holding company for operating a set of financial services businesses through its subsidiaries. In fiscal 2024, JFS was demerged from Reliance Industries Ltd and listed as a separate entity.
The market capitalisation of TCS surged by Rs 62,393.92 crore to Rs 1,514,133.45 crore. Shares of TCS surged by nearly 7 percent at the end of trading day on July 12 after the country’s largest IT services player reported an 8.7 percent growth in its Q1 net profit at Rs 12,040 crore.
Shenoy wrote on X: "This is not a great market to keep harping about valuation. Nearly everyone who's been around longer than 5 years knows that many stocks are wildly overvalued. But those with decades of experience know that stocks can remain overvalued and get even more so. It's time to be aware that you're all riding a tiger."
Robust inflows from domestic institutional investors and increasing optimism following PM Modi-led NDA government retaining power propelled the domestic stock markets to record highs
Year-to-date, shares of the energy-to-telecom conglomerate have surged nearly 24%, reaching Rs 3,199 on July 12. They hit an all-time high of Rs 3,217.90 on July 8, 2024.
Aditya Khemka of InCred Asset Management cautions that many hospital stocks are currently priced expensively
Retail investors bought additional shares of BDL, Canara Bank, HAL and The Jammu & Kashmir Bank. They trimmed stakes in Rashtriya Chemicals and Fertilizers Ltd (RCF), HUDCO and Ircon International Ltd.
HCL Tech Q1 results: Sharekhan expects HCL Tech to report sequential revenue decline of 2 per cent in CC terms with 10 bps cross-currency headwinds. Reported dollar revenue is seen falling 2.1 per cent QoQ
Raymond shares rose 4.76 per cent to hit a high of Rs 2,145 on BSE. Existing investors of Raymond would get four shares of Raymond Lifestyle for every five Raymond shares.
JFS is a holding company for operating a set of financial services businesses through its subsidiaries. In fiscal 2024, JFS was demerged from Reliance Industries.
TCS Q1 results review: Banking clients in the US returned but the nature of demand was largely the same, with clients prioritising cost optimisation projects. Order wins were muted.
Birlasoft shares will turn ex-dividend today. The IT firm had announced a final dividend of Rs 4 per share. Friday is the record date for the purpose of determining eligible Birlasoft shareholders.
TCS Q1 earnings: Large deals made in the last year seem to be getting converted into revenue along with the ramp-up of the BSNL deal. The lowering attrition and the net headcount addition is a major positive, analysts said.
Copyright©2024 Living Media India Limited. For reprint rights: Syndications Today