The Indian markets delivered another resilient earnings season in the December quarter with BSE-100 and Nifty EBITDA growth at 18 percent and 13 percent YoY, respectively; largely led by Industrials and Energy, global brokerage house Citi said in an earnings review note. It further informed that the earnings growth forRead More →
Markets traded volatile in the continuation to the prevailing consolidation phase but managed to edge higher. The beginning was subdued however gradual recovery in the following sessions not only pared losses but also helped the index to close around the week’s high. On the benchmark front, both Nifty and SensexRead More →
Life Insurance Corporation of India (LIC) share price gained more than 5% to touch fresh 52-week highs in morning trades on Friday post Q3 results. The company had reported its financial performance in Thursday after the market hours. Life Insurance Corporation of India (LIC) had reported a strong 49% year-on-yearRead More →
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 →
Indian corporates continue to maintain their optimistic business performance. The demand and the earnings growth are being sustained in Q3. Notably, the material sector excels, particularly in segments such as metals and cement, attributed to improved realization and reduced raw material costs. Conversely, chemicals, a segment of material, has experiencedRead 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 →
The quarterly results of blue-chip companies HDFC Bank and Hindustan Unilever, as well as the release of WPI inflation data and worldwide trends, will primarily determine movement in the equities market this week, according to analysts, as reported by news agency PTI. In addition to this, Trading activity of foreignRead More →
HCL Tech Q3 Results: After bellwether Infosys and TCS results that encouraged the street leading to Nifty IT index touching 52 weak highs and Nifty-50 index scaling all time highs, it was turn of HCL Technologies to report its Q3 numbers HCL Tech performance for the quarter ending December encouragedRead More →
A range of domestic companies, including Adani Enterprises Ltd, Steel Authority of India (SAIL), FSN E-Commerce Ventures (Nykaa), Eicher Motors Ltd, Nestle India Limited, are set to announce their third-quarter earnings this week. Take a look here: February 13, 2023 Steel Authority of India (SAIL) FSN E-Commerce Ventures (Nykaa) LandmarkRead More →
