Broker’s call: MRF (Sell)

[ad_1] Target: ₹1,10,000CMP: ₹1,24,518.70While MRF’s Q4 revenue was slightly above estimated, margin stood below expectations. Q4 revenue grew 9/3 per cent y-o-y/q-o-q (CEAT’s topline growth: 4 per cent y-o-y/1 per cent q-o-q). Outperformance in y-o-y revenue growth was likely due...

Adani Airports’ PBT rises 111% in Q4 FY24

[ad_1] Adani Enterprises’ airport arm has witnessed an 111 per cent increase in PBT in Q4 of FY24 at ₹29 crore as against a loss of ₹275 crore in the same quarter last fiscal. The airport segment, also reduced its...

Adani Ports Q4 results: Net profit rises 76% y-o-y

[ad_1] Adani Ports and Special Economic Zone reported a net profit of ₹2,039.7 crore in Q4 of FY24, up 76 per cent on year while revenue rose 19 per cent to ₹6,897 crore on the back of 26 per cent...

Trent stock hits record high; brokerages increase target price

[ad_1] Trent stock surged to hit a record high at ₹4,670 on the NSE after the company reported a 13-time rise in the consolidated net profit of the March quarter at ₹704.2 crore.Also read:Prabhudas Lilladher advises long-term SIP in Aditya...

IMF boosts Asia growth forecast this year on China, India

[ad_1] The International Monetary Fund boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest economies and flagging a possible upward revision in its outlook for China.Also read:Many twists in net financial flowsAsia...

Broker’s call: Maruti Suzuki (Buy)

[ad_1] Target: ₹15,533 CMP: ₹ 12,695.75Maruti Suzuki’s Q4-FY24 print was in-line with our estimates. Revenue/EBITDA/PAT grew 19.3/39.8/47.8 per cent y-o-y. Overall volumes grew 13.4 per cent backed by 12.2/21.7 per cent growth in domestic and international business. Strong demand trend...

LTIMindtree aims to bounce back in Q1, bets on broad-based growth for FY25

[ad_1] IT firm LTIMindtree after recording a sequential profit decline in Q4, is confident of bouncing back in Q1 FY25, and aims to drive broad-based growth and improve margin performance, said Nachiket Deshpande, COO, LTIMindtree. The company had absence of...

Analysts turn bullish on HDFC Bank, but stock dips post Q4

[ad_1] Shares of HDFC Bank slipped over 1.2 per cent, after reporting its March quarter earnings over the weekend, despite analysts remaining bullish on the stock. The stock settled at ₹1,512.30 on the BSE, after beginning on a positive note...

India growing when world is in stress: CII president-designate Sanjiv Puri

[ad_1] Sanjiv Puri, president-designate of leading industry body CII, said that India is growing when the world is going through a phase of stress.Also read:India now a top choice for manufacturing investment, says CII President R Dinesh Speaking at an...

Indian economy projected to grow 6.5 per cent in 2024: UNCTAD

[ad_1] India’s economy is projected to grow by 6.5 per cent in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive...
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