Shares of DCB Bank fell over 6 percent on Thursday after the lender witnessed a decline in its net interest margin (NIM) for the quarter ended December (Q3FY24). Its NIM for Q3FY24 declined sharply 21 bps QoQ to 3.48 percent. The lender posted an 11.2 percent year-on-year (YoY) rise inRead More →
₹1,210 crore as against ₹1,250 crore in the year-ago period. Meanwhile, its net sales are also likely to rise 1.5% to ₹6,870 crore vs ₹6,770 crore in the same period last year. As per the brokerage, the firm’s US sales are expected to grow 4% YoY to $384 million dueRead More →
Excluding the Oil & Gas sector, it sees a 10.2 percent growth in EBITDA and 15.1 percent growth in PBT for its coverage universe. According to PL, Auto, Capital Goods, Pharma, Metals, Building Materials, Housing Finance Companies, and Travel will lead growth, however, Chemicals, Media, Education and Telecom will beRead More →
After an over 43 percent jump in the stock in 2023 YTD, brokerage house Elara Securities reiterated its ‘sell’ call on RITES with a target price of ₹370, indicating a downside of over 21 percent. The stock has gained 23.5 percent in the last 1 year. It hit its recordRead More →
Logistics company Delhivery Ltd poured cold water on investors’ hopes with muted September quarter (Q2FY24) earnings. Revenue at ₹1,942 crore, rose 8% year-on-year, falling short of consensus estimates. The crucial Express Parcel business with 12% volume growth at 181 million, lagging expectations, was a dampener. Importantly, the adjusted Ebitda lossRead More →
Pharma major Sun Pharma posted a 5 percent year-on-year (YoY) rise in its consolidated net profit to ₹2,375.5 crore for the July-September quarter versus ₹2,262.22 crore in the same period last year. Meanwhile, its revenue rose over 11 percent YoY to ₹12,192 crore in the quarter under review as againstRead More →
Dabur India Ltd’s Capital Markets Day 2023 event has hardly evoked any response from investors with the stock being flattish over the past two days.This is not surprising as the fast-moving consumer goods (FMCG) company has laid down some targets, the results of which can be evaluated only after someRead More →
US stocks advanced on Tuesday on upbeat earnings. The S&P 500 rose 12.82, or 0.3%, to 4,567.46. The Dow Jones Industrial Average gained 26.83, or 0.1%, to 35,438.07.The Nasdaq composite climbed 85.69, or 0.6%, to 14,144.56. Shares of General Electric rallied 6.3% after it reported stronger profit for the latestRead More →
Vivanta Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 140.84 million. Revenue was INR 140.84 million compared to INR 1.16 million a year ago. The stock price of BSE Vivanta Industries has soared in theRead More →
Oracle Corp. on Monday reported better than expected earnings for fourth quarter. Boosted by growing demand for its cloud services, the company’s revenue for the quarter jumped about 17% to $13.84 billion. According to Bloomberg, analysts estimated $13.7 billion. Its shares were up nearly 3% in extended trade. During the marketRead More →
