Page 389 - Markets

Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut

What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports

Tata Consumers Q1FY24 result: Net profit at Rs 285.45 cr; revenue up 11.5%

The company's coffee business in Q1FY24 continued its strong performance with a revenue growth of 21% YoY

Cipla Q1FY24 result: Net profit at Rs 895.02 crore; revenue up by 12.2%

The company's One-India business grew by 12 per cent YoY. Their US business reported highest-ever revenue of $222 million and 43 per cent YoY growth

BPCL Q1FY24 result: Net profit at Rs 10,644.30 cr; revenue down by 7.3%

Sequentially, the net profit was up 54.9%; in Q4FY23, the net profit of the company was Rs 6,870.47 crore

Suzlon Energy tumbles 10% in 2 days post Q1FY24 results

Shares of Suzlon Energy were locked in the 55 lower circuit band for a second straight day on Wednesday after the company's net profit for Q1FY24, including exceptional loss, tumbled to Rs 101 crroe

Piramal Enterprises surges 9% on plan to consider share buyback on July 28

Axis Capital estimates the company could go for a buyback of 8 per cent of the existing equity base. The action is positive for the stock and supportive of valuations, it said

Should you subscribe to Yatharth Hospital's IPO? Here's what brokerages say

Yatharth Hospital IPO: In the grey market, the hospital chain's share is commanding a 20 per cent premium over its upper price band of Rs 300

Jubilant Foodworks Q1FY24: Net profit down by 74% YoY, revenue up 6.3%

The company's Ebitda saw a fall to Rs 276.4 crore in Q1FY24, as compared to Rs 304.5 crore in the corresponding period of the previous year

L&T result: Net profit jumps 46%; special dividend of Rs 6 a share declared

The company's Ebitda saw a fall to Rs 4,869 crore in Q1FY24, as compared to Rs 3,953 crore in the corresponding period of the previous year

Tata Motors Q1FY24 results: Auto giant records net profit of Rs 3,202 crore

The commercial vehicle volumes were lower by 15% over the prior year due to the transition to BS-VI Phase-2

All Zerodha users can now trade options on Sensibull for free

Under the deal, Zerodha will be paying for this Sensibull facility and users will not be charged anything for this

TMS Ep483: Jio Financial Services, Indian surveys data, markets, IMAX

Is Jio Financial another Reliance disruptor? Do India's govt surveys need a revamp? Time to sell after the sharp run since March? What is IMAX? All answers here

SRF hits 52-week low, slips 4% intra-day as Q1 PAT falls 41% from year ago

The management said the significant drop in profit was mainly due to the expected downcycle of the packaging films business and is expected to continue for the medium-term

Rising markets fails to lift up new investor addition by mutual funds

MFs onboarded only 1.6 mn new unique investors in H1CY23

ICICI Bank's re-rating to be gradual, say analysts; see up to 36% upside

ICICI Bank Q1FY24 results: At the bourses, shares of ICICI Bank hit a new 52-week high of Rs 1,008 on the BSE, rising 1 per cent in the intra-day trade

IDBI Bank Q1 results: Net profit jumps by 62% YoY, GNPA ratio down to 5%

The operating profit for Q1FY24 surged 47% to Rs 3,019 crore, as against Rs 2,051 crore in the corresponding period last year

ITC dips 4% after board gives in-principle approval to demerge hotel biz

The Board has also approved incorporation of a wholly owned subsidiary of the company to be named ITC Hotels Limited

Poonawalla Fincorp Q1FY24 result: PAT grows 62% YoY at Rs 200 crore

Gross non-performing assets have also decreased by 1.42%, showing a YoY decline of 126 basis points

J&K Bank Q1 results: Net profit jumps 96%, gross NPA ratio down to 5.77%

Gross NPAs for Q1FY24 stood at Rs 5103.68 crore, as compared to Rs 6982.02 crore in the corresponding period of the previous year

Utkarsh SFB extends post-debut rally; zooms 125% against issue price

Utkarsh Small Finance Bank (SFB) rallied 17 per cent to hit a new high of Rs 56.30 on the BSE in Monday's intra-day trade, extending gains from its strong market debut on Friday