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M&M Financial Services banks on H2 recovery and strong valuations

In Q2FY24, net profit plummeted by 48 per cent Y-o-Y, while core profit before tax increased by 10 per cent Y-o-Y. This miss was largely due to higher provisions (up by 216 per cent Y-o-Y)

Downgrades may pressure Voltas stock, QCO norms could impact sales

While most analysts have made EPS estimate downgrades for FY24, quite a few continue to recommend "Buy/ Accumulate" in expectations of strong overall growth through FY26

Near-term sales growth, profitability on fintech giant Paytm's horizon

Revenue was at Rs 2,518.6 crore and payment processing charges were up 6.5 per cent q-o-q and were 54.4 per cent of payments services revenue

Strong Q2, healthy prospects: Stock may be pricing in near-term positives

The completion of ongoing capex may increase steelmaking capacity to 37 million tonnes (mt) by FY25. Beyond that, JSW Steel aims to reach 50 mt capacity by FY31

The evolving process of RE

The transition presents threats and opportunities for investors. Obviously vast sums will be spent

UltraTech Cement's stock continues to be an attractive proposition

While Q2 was decent despite seasonally weak, higher prices and operating leverage point to better prospects

Attractive valuations make ICICI Prudential Life Insurance a long term buy

However, after a sell-off from disappointed investors, valuations have corrected and the stock may be worth a long-term buy

Grasim Industries' rights issue will strengthen balance sheet, fuel growth

Caustic soda prices may have bottomed out and started to improve from lows and should be higher in Q3FY24

Betting on a high-stakes life

William Walter, who rose from a tumultuous past of poverty, addiction and gambling to become a multi-millionaire, could, at best, be a statistical anomaly

Improving signals for Avenue Supermarts with strong Ebitda, PBT growth

Consensus target price of analysts indicates limited upside; rebound in general merchandise and apparels crucial for margin gains

Near-term positives priced in for HDFC Asset Management Company stock

HDFC Bank works on open architecture and HDFC AMC's share in the bank's mutual fund business was only 24 per cent

Higher profitability estimates likely to drive more gains for Zomato

Factoring in better demand for delivery, FY24 overall might have growth estimates for 18 per cent

RBI action may weigh on growth, increase costs for Bank of Baroda

The Q1FY24 data indicates over 90 per cent of savings and current accounts are sourced digitally

Maruti Suzuki eyes higher growth, market share gains with expansion

The company is also looking at a higher share of SUV with higher average selling prices and realisations

Tailwind ahead for consumer durables sector during festival season

There are hopes of better offtake and margin gains

China's demographic tea leaves

Its economic problems due to ageing, low birth rate, and poor gender ratios should serve as a wake-up call for India

How physics Nobel laureates helped unlock secrets of shortest time frames

The groundbreaking research into attosecond pulses opens doors to a new era of scientific exploration with applications spanning physics, chemistry, engineering and medical diagnostics

Business growth remains robust for Bajaj Finance, M&M Financial Services

While analysts remain positive, the two stocks fell by 1.5-4.5 per cent on Wednesday

Street gives a thumbs up to Anil Agarwal-led Vedanta's demerger plan

While the holding company discount should reduce and operational flexibility improve, there are still some concerns on the parent's debt

Tailwinds point to better prospects for Emami; FY24 may see recovery in biz

The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion