Siemens Share Price: Surges over 7% after announcing Q4 results, demerger of energy business

[ad_1] Shares of Siemens Ltd hit a new high at ₹7,240 on the NSE on May 15, a day after the company announced its Q4 financial results and demerger its energy business into a separate entity that will be listed. The...

SBI Q4 results upbeat: Brokerages remain bullish, increases target price

[ad_1] Majority of domestic and global brokerages have maintained their ‘buy’ call on SBI after India’s largest PSU posted record profits.Also read:SBI posts record profit in Q4 on rise in income, leash on spendState Bank of India, after market hours...

Broker’s call: Coal India (Buy)

[ad_1] Target: ₹530 CMP: ₹455.90Q4-FY24 revenue stood at ₹37,400 crore (-2 per cent y-o-y/+4 per cent q-o-q), in line with our estimates of ₹37,600 crore. Blended ASP was ₹1,699/t (-9 per cent y-o-y/-2 per cent q-o-q), largely in line with...

Marico shares surge 10% on Q4 results; brokerages turn upbeat

[ad_1] Shares of Marico Ltd zoomed 10 per cent on Tuesday after the company reported a 4.9 per cent rise in consolidated net profit in quarter that ended March 2024. A few brokerages even upgraded the FMCG company post-results and hiked price targets.The stock ended at ₹582.10...

Broker’s call: Star Health Insurance (Buy)

[ad_1] Target: ₹730CMP: ₹564.70Profit jumped 40 per cent y-o-y in Q4-FY24 to ₹140 crore, in line with our estimate. The incurred claims ratio came in at 64.1 per cent (360bp y-o-y) vs. our estimate of 62.7 per cent in Q4....

Havells gathers speed to hit all-time high; analysts divided over its prospects

[ad_1] Shares of Havells India Ltd surged on Thursday after the company reported its Q4 financial results. The stock has hit a fresh high at ₹1,706.85 and traded at ₹1,669.20 on the NSE, up 0.31 per cent as of 1.03 pm. . The brokerages’...

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...

Motilal Oswal Financial Services Q4 net up 4 times, to issue 3:1 bonus

[ad_1] Motilal Oswal Financial Services’ net profit increased over four times to ₹725 crore in the fourth quarter ended March 31, 2024 against ₹165 crore logged in the same period last year.Income more than doubled to ₹2,158 crore (₹1,034 crore).The...

Broker’s call: Adani Ports (Buy)

[ad_1] Target: ₹1,590 CMP: ₹1,322.30In our initiating coverage report on Adani Ports & SEZ Ltd in Oct’23, we had highlighted that the company’s improving utilisation levels at its current ports, along with its ramping up of volumes at newly acquired...

Wipro gains post Q4 results, brokerages estimate weak near-term outlook  

[ad_1] Shares of Wipro rose by 2.14 per cent at ₹462.45 on the NSE as of 2.53 pm, Monday, despite posting weaker-than-expected March quarter financial results. Even analysts remain rather bearish on the stock. The company’s profits rose 5.2 per...
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