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Buffett gears up to meet investors sans Munger by his side
The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November.
Regulator proposes tighter guidelines on infra funding
RBI draft guidelines pertaining to the prudential framework for financing projects in the infrastructure, non-infrastructure and commercial real estate sectors. It said the guidelines lay down the regulatory dispensations regarding the date of commencement of commercial operations (DCCO) of such projects.
PNB Housing Finance eyes over 17% growth in FY25 loan book
Managing director Girish Kousgi told ET that the lender is aiming to grow its retail book by 17% in FY25, while the overall loan growth is likely to be more when it resumes corporate lending.
Bank Holiday today: Are banks closed on Saturday, May 4? Check state-wise list
As May 4 marks the first Saturday of the month, banks will remain operational today. Banks remain open on first and third Saturdays.
Imports to self-reliance, India charts its course on indigenisation
7 Adani cos have received Sebi show cause notices
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports and Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.
Coforge eyes 4x growth in 4 years, as stock crashes 10% in a day
Cigniti acquisition may add $250 million in net incremental revenue, Coforge CEO Sudhir Singh said
India to buy back $4.8 billion worth of securities, cenbank says
The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, the Reserve Bank of India said in a statement.
Vi loses 680,000 subscribers in March, its fewest in seven months
The carrier had lost 16.25 million subscribers from in the first 11 months of FY24, including more than a million every month from November 2023 to February 2024, according to data from the telecom regulator.
ADB open to scaling up financing of private sector projects in India
ADB is very excited about Indias economic growth and the agency was talking to some of the sponsors of projects in solar energy, hydropower, energy transition and battery storage sectors, said vice president (Market Solutions) Bhargav Dasgupta
Britannia Industries declares a final dividend of Rs 73 per share
The profit figure was down 3.6% versus Rs 558.66 crore reported in the year-ago period.
India could be Apples third largest market in 3 years
Apple posted its eight straight quarter of quarterly revenue record for India.The company's India revenue is expected to have grown 70% to reach $10 billion in FY24
PAT stood at Rs 558.66 crore reported in the year-ago period.
Raymond Q4 Results: PAT rises 18% YoY to Rs 229 crore
Raymond Ltd on Friday reported an 18 per cent rise in consolidated profit after tax at Rs 229 crore in the fourth quarter ended March 2024. The company had posted a consolidated profit after tax of Rs 194 crore in the same quarter previous fiscal, Raymond Ltd said in a statement.
JSW Infrastructure Q4 Results: Net profit rises 9% to Rs 329 crore
JSW Infrastructure on Friday reported 9 per cent increase in consolidated net profit to Rs 329 crore for the fourth quarter ended March 2024. The company had clocked a profit of Rs 302.26 crore in the corresponding period of the previous fiscal, it said in a BSE filing.
4 equity mutual funds offered over 30% returns in 3 & 5 years
Around 185 equity schemes have completed five years in the market.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
8 defence stocks beat benchmark by wide margin, soar up to 267% in a year
From the pack Zen Technologies, and Mazagon Dock Shipbuilders have soared over 200%
Early filing can help taxpayers get refunds sooner. Additionally, it gives them more time to revise or correct returns without penalty, say experts.
Forex reserves drop $2.41 bn to $637.92 bn
India's forex reserves dropped $2.412 billion to $637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined $2.28 billion to $640.33 billion. For the week ended April 5, the reserves had hit an all-time high of $648.562 billion following multiple weeks of increases.
Beer battles election blues, gin toasts summer gains
The scorching summer notwithstanding, beer sales may falter this year due to election-related curbs. Gin, meanwhile, might just seize the spotlight
Titan Company Q4 earnings: Net profit rises 7%, dividend announced
Titan Company Q4 earnings: Net profit climbed to Rs 786 crore in Q4 from Rs 734 crore in the year-ago period
Trent, Oberoi Realty among 5 stocks with top long unwinding
In Friday's trading session, five stocks witnessed a top long unwinding.
Tin prices may rule higher this year on concerns over supplies
Myanmar Man Maw mine yet to resume operations despite lifting of ban, Indonesia exports face disruptions
Axis Nifty Bank Index Fund opens for subscription. Key things to know
Sensex tumbles 733 points amid broad-based selloff
From the Sensex basket, Larsen and Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.
Govt plans new pricing norms for medical device industry
Specific regulations for the medical device industry will streamline the approval process, enabling manufacturers to secure clinical trial approvals and sales licences in a short period
Ashok Leyland, Lupin among 5 stocks with top short covering
Short covering signals a shift in view on a security from extreme bearishness to bullishness.
FM Sitharaman refutes reports of income tax changes after Lok Sabha election results
Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results.
Tata Technologies Q4 results: Profit tanks 27.4% to Rs 157.20 crore; here's what management says
The consolidated revenue from operations declined 7.2 per cent YoY to Rs 1,301 crore from Rs 1,402.40 crore YoY.
Gainers & Losers: MRF, Coforge among top 7 stocks that hogged limelight on Friday
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DMart Q4 Preview: Profit may rise 23% YoY; margins to expand
An average of four brokerages expect the net profit for the January-March period to grow 23% year-on-year. Revenue for the period may also jump 20% year-on-year.
Titan board declares dividend of Rs 11 per share
The consolidated total income for the reporting quarter stood at Rs 11,472 crore, a jump of 21.8% over Rs 9,419 crore reported in the year-ago period.
Sudeep Shah of SBI Securities analyzes Alembic Pharma and Coal India breakouts, India VIX rise, and Bank Nifty performance. He suggests trading strategies amidst market uncertainties and stock-specific trends.
Sensex sheds 733 pts, Nifty settles below 22,300 on profit taking
The benchmarks added about 0.25% each this week, their second consecutive weekly rise
Titan Q4 Results: Net profit rises 7% YoY to Rs 786 crore, meets estimates
Titan Q4 Results: Net sales in the January-March 2024 period increased 17% YoY to Rs 10,047 crore, compared with Rs 8,553 crore in the same period last year. The Board has also approved the reappointment of CK Venkataraman as the MD of the company for a further period with effect from October 2024 up to December 2025.
Sensex, Nifty: Bears make stock market comeback! Why are investors jittery?
Share market: Friday's market fall came ahead of the release of the US non-farm payroll data. Investors booked profit and there was a degree of caution, said Vinod Nair, Head of Research, Geojit Financial Services.
10 equity mutual funds deliver over 25% returns in 2024 so far
8 stocks in Rekha Rakesh Jhunjhunwala's portfolio surge over 30% in CY24
Rane Brake Lining stock gains 20% on Q4 results
On Fridays trade, the companys stock closed at 1,021.40
Suzlon Energy shares are down 91% from record high; here are fresh price targets
Multibagger stock: Suzlon Energy stock was trading at Rs 41.50 in the current session, losing 90.97% from its all-time high on BSE. However, Suzlon Energy stock has delivered multibagger returns in a period of one year and beyond.
Rane Brake Lining Q4 Results: PAT jumps 28% YoY to Rs 15.4 crore
Total revenue generated during the January-March 2024 quarter grew by 12.6 per cent to Rs 186.7 crore, as compared to Rs 165.8 crore registered in the same period last year.
Go Fashion stock hits 52-week low
The stock was down by 1.27per centon the NSE at 1,044.80
Freshworks acquires Device42 for $230 million to boost capabilities in advanced IT asset management
With this acquisition, we will be able to provide advanced asset discovery and application dependency mapping across data center and cloud environments -Girish Mathrubootham, Founder, Freshworks
CEAT stock tanks after Q4 results
The stock was down by 2.99% at 2,544 3.08 per cent at 2,541.70.
SBI, Tata Steel among 6 Nifty50 stocks that touch new 52-week highs on Friday
After opening higher and Nifty scaling a new record, Indian equity indices declined later on Friday.
Blue Star's Vir Advani discusses strong Q4 performance, market growth outlook, revenue milestones, and technological advancements. Anticipates continued demand revival, capacity expansion, and industry growth with a focus on innovation and efficiency improvements.
Reliance, TCS, HDFC Bank: Investors lose Rs 1.10 lk cr mcap amid Sensex, Nifty selloff
BSE Sensex tumbled more than 1,625 points from its day's high at 75,095.18 to 73,467.73, while NSE's Nifty50 crashed nearly 450 points to 22,348.05, from its day's high at 22,794.70.
Kotak Bank Q4 Preview: Profit to drop marginally; loan growth seen steady
As far as figures are concerned, profit for the fourth quarter is expected to fall around 3% YoY. Key monitorables from the earnings include commentary on NIMs and growth outlook, especially the growth trajectory in the unsecured book.
Byju's may pay April salary to employees this week
Cash-strapped edtech firm Byju's is likely to pay its employees the April salaries this week, according to sources. The company is grappling with the issue of delays in paying salaries to employees. There has been a delay in salary. It is expected to be now paid sometime this week, said a person.
India's IPO market set to break May jinx
'Sell in May, go away' is a popular market adage. But 'Don't sell any new shares in May' is the best kept secret of Dalal Street that's set to break. Sample this: the last four General Election election cycles starting 2004 have not seen a single initial public offering (IPO) launch during the month of May.
Sensex, Nifty see sudden sell-off: Factors that led to market crash today
Sensex, Nifty crash today: Sensex tumbled 1,130 pts to 73,481 and Nifty plunged 296 pts to 22,351. All 19 BSE sectoral indices were trading in the red.
Buy Five-Star Business Finance, target price Rs 1020: JM Financial
Given Five-stars proven track record coupled with its unique positioning and deep understanding of its customer segment, we expect the company to maintain its growth trajectory and deliver on profitability and asset quality metrics with RoEs expected to reach 21.4% by FY26E. We maintain BUY with a revised target price of INR 1020 (valuing at 4x FY26E BVPS).
Top 4 themes which are driving risk sentiment and price action across assets
US data disappoints with GDP miss. Risk assets resilient despite Fed concerns. INVIX reflects optimism. Global equities viewed cautiously. Gold remains bullish. Bonds attractive for portfolio duration.
Share price of Indian Oil Corp. falls as Sensex drops 1050.82 points
Promoters held 51.5 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.5 per cent and 2.34 per cent, respectively.
Vedanta shares rally 39% in a month. Should you ride the momentum?
The company announced Q4 results last week where Vedanta reported a net profit of Rs 1,369 crore, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. The consolidated revenue from operations was also down by 6% YoY at Rs 34,937 crore.
Neutral on Ambuja Cements, target price Rs 600: Motilal Oswal Financial Services
Ambuja Cements, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 154043.74 crore) operating in Cement sector.
Buy Adani Ports & Special Economic Zone, target price Rs 1,550: Motilal Oswal Financial Services
Adani Ports & Special Economic Zone, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 289242.60 crore) operating in Shipping sector.
Info Edge shares drop 1.17% as Sensex falls
A total of 3,231 shares changed hands on the counter till 01:34PM (IST)
Axis Bank re-rating to continue on steady NIMs
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
Tata Elxsi share price down 0.78 per cent
A total of 11,162 shares changed hands on the counter till 01:29PM (IST).
Share price of Marico falls as Sensex drops 945.65 points
Promoters held 59.35 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 25.54 per cent and 3.12 per cent, respectively.
Titan Q4 results today. Can Rekha Jhunjhunwala's biggest stock bet deliver?
Titan Company share price today: The stock was down 0.72 per cent at Rs 3,543.85. Rekha Jhunjhunwala held 5.37 per cent stake in Titan Company, which was worth Rs 16,864 crore in Friday's trade.
Indian Hotels shares drop 1.09% as Sensex falls
A total of 22,945 shares changed hands on the counter till 12:38PM (IST)
Shriram Properties shares rise 2.9% after acquiring 4-acre land parcel in Bengaluru
Shriram Properties says the project has revenue potential of over 250 crore
Vodafone Idea target price: For BofA Securities, VIL is not a Buy as it is further awaiting clarity on funding position improvement post FY26 as the spectrum moratorium ends.
Varun Beverages shares rise 0.23% as Nifty drops
The stock quoted a 52-week high price of Rs 1560.3 and a 52-week low of Rs 712.47.
Why stock exchanges are eyeing index derivatives
Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking. This week, the National Stock Exchange (NSE) started issuing futures and options (F and O) contracts based on the Nifty Next 50 Index, bringing the total count of index derivatives to five.
Bharti Airtel, MCX among 5 stocks with short buildup
Gradual volume recovery, valuations to support HUL
Hindustan Unilever's (HUL's) performance for the quarter ended March 2023 (Q4FY24) was in line with modest consensus expectations. Net revenue was up 1 per cent year-on-year (Y-o-Y) with 2 per cent volume growth. Home care maintained single-digit volume growth Y-o-Y.
Au Small Fin Bank shares rise 0.17% as Nifty drops
The stock quoted a 52-week high price of Rs 813.0 and a 52-week low of Rs 554.0.
KEI Industries shares gain post Q4 results. Here's why
Net sales for the quarter rose 18.75 per cent YoY to Rs 2,319.28 crore compared with Rs 1,952.93 crore in the year-ago quarter.
BHEL, Shree Cement among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment.
Droneacharya Aerial shares gain on work order from Alter Dynamics, check details
DroneAcharya Aerial shares gained 3.53% to Rs 156.75 against the previous close of Rs 151.35 on BSE. Total 0.91 lakh shares of DroneAcharya Aerial changed hands amounting to a turnover of Rs 1.40 crore.
HDFC Bank, ITC among 10 largecap stocks wherein FIIs decreased stake in Q4
Red tapism still haunts the Indian oil and gas sector
Ajanta Pharma shares up 13% today on buyback plan, Q4 results. Stock still a buy?
The Ajanta Pharma stock jumped 13.38 per cent to hit a high of Rs 2,531.95 on BSE. A few target prices on the stock are in the range of Rs 2,560-2,613, suggesting limited upside ahead.
Coforge shares tumble 10% after Q4 results, Cigniti acquisition; brokerages cut target prices
The IT player also stated that it had signed a definitive agreement to take over Cigniti Technologies, an AI & IP-led digital assurance and engineering services company.
Bullish Momentum: 5 stocks with White Marubozu Pattern on May 02
It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
Share price of Godrej Consumer rises as Nifty weakens
A total of 4,379 shares changed hands on the counter till 10:45AM (IST).
Stock market update: Nifty IT index falls 0.68% in a weak market
The Nifty IT index was trading 0.68 per cent down at 32976.8.
'Once In A Lifetime Opportunity To...'
'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'
Stock market update: Nifty Bank index falls 0.13% in a weak market
The Nifty Bank index was trading 0.13 per cent down at 49168.5.
8 small, midcap ideas by Axis Securities with up to 34% upside
Axis Securities recommends various stocks with potential upside, including Aurobindo Pharma, Lupin, Federal Bank, CreditAccess Grameen, JTL Industries, CIE Automotive India, Westlife Foodworld, and PNC Infratech, based on market trends and company performance.
What are the effects of credit counselling on your CIBIL score?
Credit counselling entails a number of sessions where you receive guidance on managing your finances, creating a budget, and developing strategies to repay debt. Putting this advice in practice can lead to better financial habits, which may eventually improve your credit score.
IRCTC shares rise 0.09 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 66.67 on Friday.
Stock market update: Nifty Auto index falls 0.02% in a weak market
The Nifty Auto index was trading 0.02 per cent down at 22730.05.
Gold Price Today: Yellow metal opens at Rs 70,634 per 10 grams; Silver at 81,319/kg
Amid easing Middle East tensions, safe haven buying in bullion seems to be diminishing as gold prices on MCX for June futures contracts fell by Rs 102 or 0.14% on Friday to trade at Rs 70,634 per 10 grams while MCX July silver contracts were down by Rs 44 or 0.05% to Rs 81,319 per kg.
F&O stocks to buy today: Top 3 recommendations for 3 May 2024
India VIX was positive to close at 13.4450. Indian markets are ready to move towards the fresh all-time high levels on the Nifty.
Are retail investors winning the battle against FIIs? These 28 multibagger stocks show the trend
Retail investors outperform as 28 multibagger stocks show decreasing FII holding and increasing retail stake. Nilesh Shah shares stock ideas. Retail rebellion impacts various sectors. Potential for retail dominance in the market.
