Page 27 - Devangshu Datta/workspace/business Standard Web/undefined

Byju's spectacular meltdown

The edtech major promised a learning revolution, offering hope to millions of under-educated youth. Now, those dreams are shattered

Bajaj Finance stock: Seizing opportunity amid market correction

Their average one-year target price is Rs 8,762.3, indicating a potential upside of over 30 per cent from Thursday's closing of Rs 6,673.95

Novelis IPO in US SEC: A potential booster for base metals major Hindalco

The monetisation proceeds could be used to fund ongoing capex for Novelis' Bay Minette facility

NMDC poised for gains from demand triggers and capacity expansion

The reported net profit was Rs 1,490 crore and adjusted for extraordinary items of Rs 252 crore, it was Rs 1,740 crore, higher by 96 per cent y-o-y and 69.8 per cent sequentially

What algorithms can do

From automated trading to shopping, Marek Kowalkiewicz's book explores the far-reaching impacts of algorithms on industries, individuals, and innovation

Improved cost ratios to boost State Bank of India's profitability

The bank has also made efforts to significantly strengthen its balance sheet and has a healthy provisioning coverage on its corporate book at 92 per cent

Strong auto business likely to offset tractor slowdown for M&M stock

The auto business is expected to be the growth driver for the next two years due to a healthy order backlog and new launches

Analysts hopeful for Hindalco despite Novelis' capex revised upwards

Analysts maintained consensus 'buy' rating on Hindalco though the stock lost over 12 per cent post Q3 on Tuesday, mainly due to the sharp increase in Novelis' capex, and ended flat on Wednesday

Beyond Pluto: Hunt for the elusive Planet Nine set to intensify this year

With the Vera Rubin Observatory due to start operating in mid-2024, the hope is that the mystery around the planet will be solved

Strong performance in Q3 adds fuel to Coal India Limited's stock

The e-auction ASP declined 34 per cent Y-o-Y to Rs 3,321 per tonne, which was at a premium of 117 per cent over FSA

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution

Strong prospects may drive growth rates for food delivery platform Zomato

In the quick commerce segment, Blinkit GOV was Rs 3,500 crore (up 28 per cent Q-o-Q and up 103 per cent Y-o-Y), led both by stronger MTU and better ordering frequency

Avoiding the middle-income trap

Unless substantial reforms are undertaken to improve India's freedom rankings, it may remain stuck within the Upper-Middle-Income range beyond 2030

Strong revenue growth, margin expansion ahead for retail major Trent

The stock markets' enthusiastic response to the results has driven the share up by 25 per cent in just two sessions

Expected gains in Q3FY24 for Airtel hinge on fare hike, steady growth

Mobile subscribers saw net additions of 3.3 million to 345.6 million. The average revenue per user (ARPU) rose to Rs 208, up nearly 3 per cent quarter-on-quarter

LIC Housing Finance targets upgrade after stable performance in Q3

The credit cost was stable sequentially at 0.6 per cent while write-offs moderated to Rs 57.7 crore

GAIL's stronger-than-expected Q3FY24 performance may be priced in

The management claimed improved realisation was key and higher petrochemical sales, improved marketing margins, and reduced petchem costs contributed to the good performance

RBI curbs on Patym to have major impact but valuation remains attractive

The fintech firm said it will compensate by expanding existing relationships with third-party banks to distribute payments, financial services and products

PNB: Upsides capped as strong Q3 show, outlook reflected in valuations

Net interest income grew 12% YoY to Rs 10,300 crore as net interest margins improved 4 basis points QoQ to 3.15%

Strong launch pipeline factored into realty major DLF's valuations

The rental income in DCCDL's commercial portfolio increased by 8 per cent YoY to Rs 1,100 crore with a 21 per cent rise in retail income